Airthings ASA Net Assets
Airthings ASA net assets. Based on the latest financial reports, Airthings ASA (AIRX) has net assets worth Nkr21.56 Million NOK (≈ $2.27 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr35.92 Million ≈ $3.78 Million USD) and total liabilities (Nkr14.37 Million ≈ $1.51 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Airthings ASA annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr21.56 Million |
| % of Total Assets | 60.01% |
| Annual Growth Rate | -7.6% |
| 5-Year Change | -95.69% |
| 10-Year Change | N/A |
| Growth Volatility | 212.09 |
Net Assets of Airthings ASA (2017–2024)
Net assets of Airthings ASA from 2017 to 2024. This chart illustrates how Airthings ASA's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Airthings ASA to measure how much of total assets are equity-financed.
Annual Net Assets for Airthings ASA (2017–2024)
The table below shows the annual net assets of Airthings ASA from 2017 to 2024. For live market cap and overall valuation, see Airthings ASA market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr28.44 Million ≈ $2.99 Million |
-43.41% |
| 2023-12-31 | Nkr50.26 Million ≈ $5.29 Million |
-1.31% |
| 2022-12-31 | Nkr50.93 Million ≈ $5.36 Million |
-24.93% |
| 2021-12-31 | Nkr67.84 Million ≈ $7.14 Million |
-89.72% |
| 2020-12-31 | Nkr659.83 Million ≈ $69.43 Million |
+576.70% |
| 2019-12-31 | Nkr97.51 Million ≈ $10.26 Million |
+98.00% |
| 2018-12-31 | Nkr49.25 Million ≈ $5.18 Million |
-0.48% |
| 2017-12-31 | Nkr49.48 Million ≈ $5.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Airthings ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 79.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Airthings ASA Net Assets Breakdown (December 2024)
Airthings ASA net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr2.53 Million | 8.90% |
| Common Stock | Nkr215.00K | 0.76% |
| Other Components | Nkr25.70 Million | 90.34% |
| Total Equity | Nkr28.44 Million | 100.00% |
Airthings ASA Competitors by Market Cap
The table below lists competitors of Airthings ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samil Co.Ltd
KQ:032280
|
$13.84 Million |
|
Hang Feng Technology Innovation Co., Ltd.
NASDAQ:FOFO
|
$13.85 Million |
|
Vital Metals Ltd
AU:VML
|
$13.86 Million |
|
JOY SPREADER GROUP INC.
F:5YN
|
$13.87 Million |
|
Pintec Technology Holdings Ltd
NASDAQ:PT
|
$13.82 Million |
|
Ark Mines Ltd
AU:AHK
|
$13.82 Million |
|
ADTIGER CORP.LTD.DL-0005
F:55U
|
$13.82 Million |
|
Koonenberry Gold Ltd
AU:KNB
|
$13.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airthings ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 50,263,000 to 28,443,000, a change of -21,820,000 (-43.4%).
- Net loss of 17,691,000 reduced equity.
- Other factors decreased equity by 4,129,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-17.69 Million | -62.2% |
| Other Changes | Nkr-4.13 Million | -14.52% |
| Total Change | Nkr- | -43.41% |
Book Value vs Market Value Analysis
This analysis compares Airthings ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.45x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr0.29 | Nkr0.13 | x |
| 2018-12-31 | Nkr0.29 | Nkr0.13 | x |
| 2019-12-31 | Nkr0.57 | Nkr0.13 | x |
| 2020-12-31 | Nkr4.93 | Nkr0.13 | x |
| 2021-12-31 | Nkr0.38 | Nkr0.13 | x |
| 2022-12-31 | Nkr0.29 | Nkr0.13 | x |
| 2023-12-31 | Nkr0.25 | Nkr0.13 | x |
| 2024-12-31 | Nkr0.14 | Nkr0.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airthings ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -62.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -45.96%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.51x
- Recent ROE (-62.20%) is below the historical average (-12.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 10.92% | 9.07% | 0.96x | 1.25x | Nkr457.04K |
| 2018 | 8.37% | 4.35% | 1.29x | 1.49x | Nkr-805.10K |
| 2019 | -9.43% | -6.59% | 0.97x | 1.47x | Nkr-18.94 Million |
| 2020 | -6.08% | -18.71% | 0.29x | 1.12x | Nkr-106.11 Million |
| 2021 | -10.70% | -21.56% | 0.40x | 1.23x | Nkr-14.05 Million |
| 2022 | -20.75% | -29.83% | 0.56x | 1.25x | Nkr-15.66 Million |
| 2023 | -12.45% | -17.10% | 0.57x | 1.29x | Nkr-11.28 Million |
| 2024 | -62.20% | -45.96% | 0.90x | 1.51x | Nkr-20.54 Million |
Industry Comparison
This section compares Airthings ASA's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $752,078,000
- Average return on equity (ROE) among peers: 7.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airthings ASA (AIRX) | Nkr21.56 Million | 10.92% | 0.67x | $13.83 Million |
| Zaptec AS (ZAP) | $752.08 Million | 7.17% | 0.54x | $558.58 Million |
About Airthings ASA
Airthings ASA, a hardware-enabled software company, engages in the development of products and systems for monitoring indoor air quality, radon, and energy efficiency worldwide. It operates through Consumer, Business, and Professional segments. The Consumer segment sells air quality sensors to private customers through retail and e-commerce. The Business segment provides air quality solutions to … Read more