Nokian Renkaat Oyj
Nokian Renkaat Oyj develops and manufactures tires for passenger cars, trucks, and heavy machineries in Nordics, the rest of Europe, the Americas, and internationally. It operates through Passenger Car Tyres, Heavy Tyres, and Vianor Tire Chain segments. The company develops and produces winter, summer, and all-season tires for passenger cars, SUVs, and vans; tires for forestry machinery; special … Read more
Nokian Renkaat Oyj - Asset Resilience Ratio
Nokian Renkaat Oyj (NKRKF) has an Asset Resilience Ratio of -0.57% as of March 2024. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2004–2023)
This chart shows how Nokian Renkaat Oyj's Asset Resilience Ratio has changed over time. Compare with other companies' asset resilience ratios.
Liquid Assets Composition Over Time
This chart breaks down Nokian Renkaat Oyj's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0% |
| Short-term Investments | $-13.20 Million | -0.57% |
| Total Liquid Assets | $-13.20 Million | -0.57% |
Asset Resilience Insights
- Limited Liquidity: Nokian Renkaat Oyj maintains only -0.57% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Nokian Renkaat Oyj Industry Peers by Asset Resilience Ratio
Compare Nokian Renkaat Oyj's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
iQ International AG
F:IQL |
Auto Parts | 3.44% |
|
Daewonkangup
KO:000430 |
Auto Parts | 1.07% |
|
Wanxiang Qianchao Co Ltd
SHE:000559 |
Auto Parts | 0.00% |
|
Weifu High-Technology Group Co Ltd
SHE:000581 |
Auto Parts | 5.84% |
|
Gui Zhou Tyre Co Ltd
SHE:000589 |
Auto Parts | 1.28% |
|
Qingdao Doublestar Co Ltd
SHE:000599 |
Auto Parts | 0.00% |
|
Hengli Industrial Development Group Co Ltd
SHE:000622 |
Auto Parts | -0.02% |
|
Xiangyang Automobile Bearing Co Ltd
SHE:000678 |
Auto Parts | 0.04% |
Annual Asset Resilience Ratio for Nokian Renkaat Oyj (2004–2023)
The table below shows the annual Asset Resilience Ratio data for Nokian Renkaat Oyj.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2023-12-31 | 0.00% | $100.00K | $2.33 Billion | +0.65pp |
| 2022-12-31 | -0.65% | $-14.30 Million | $2.21 Billion | -0.39pp |
| 2021-12-31 | -0.26% | $-6.20 Million | $2.38 Billion | -0.01pp |
| 2020-12-31 | -0.25% | $-5.80 Million | $2.34 Billion | +1.42pp |
| 2019-12-31 | -1.66% | $-38.80 Million | $2.33 Billion | -1.31pp |
| 2018-12-31 | -0.35% | $-7.30 Million | $2.09 Billion | -0.37pp |
| 2017-12-31 | 0.02% | $400.00K | $1.88 Billion | -0.16pp |
| 2016-12-31 | 0.18% | $3.60 Million | $1.98 Billion | +0.12pp |
| 2015-12-31 | 0.06% | $1.10 Million | $1.75 Billion | -1.37pp |
| 2014-12-31 | 1.43% | $25.70 Million | $1.80 Billion | +0.77pp |
| 2013-12-31 | 0.66% | $13.70 Million | $2.06 Billion | +1.57pp |
| 2012-12-31 | -0.90% | $-18.20 Million | $2.02 Billion | +0.05pp |
| 2011-12-31 | -0.95% | $-17.90 Million | $1.88 Billion | +0.55pp |
| 2010-12-31 | -1.50% | $-20.60 Million | $1.37 Billion | -44.91pp |
| 2004-12-31 | 43.41% | $251.00 Million | $578.20 Million | -- |