Norse Atlantic ASA Net Assets
Norse Atlantic ASA net assets. Based on the latest financial reports, Norse Atlantic ASA (NORSE) has net assets worth Nkr-283.76 Million NOK (≈ $-29.86 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr887.20 Million ≈ $93.36 Million USD) and total liabilities (Nkr1.17 Billion ≈ $123.22 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. See NORSE net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr-283.76 Million |
| % of Total Assets | -31.98% |
| Annual Growth Rate | N/A |
| 5-Year Change | -266.26% |
| 10-Year Change | N/A |
| Growth Volatility | 2654.65 |
Net Assets of Norse Atlantic ASA (2020–2025)
Net assets of Norse Atlantic ASA from 2020 to 2025. This chart illustrates how Norse Atlantic ASA's net assets have evolved over time, based on quarterly financial data. Also explore NORSE net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Net Assets for Norse Atlantic ASA (2020–2025)
The table below shows the annual net assets of Norse Atlantic ASA from 2020 to 2025. For live market cap and overall valuation, see market cap of Norse Atlantic ASA.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr-260.01 Million ≈ $-27.36 Million |
-23.48% |
| 2024-12-31 | Nkr-210.57 Million ≈ $-22.16 Million |
-134.75% |
| 2023-12-31 | Nkr-89.70 Million ≈ $-9.44 Million |
-951.42% |
| 2022-12-31 | Nkr10.54 Million ≈ $1.11 Million |
-93.26% |
| 2021-12-31 | Nkr156.39 Million ≈ $16.46 Million |
+5059.78% |
| 2020-12-31 | Nkr3.03 Million ≈ $318.94K |
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Equity Component Analysis
This analysis shows how different components contribute to Norse Atlantic 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 27978200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Norse Atlantic ASA Net Assets Breakdown (December 2025)
Norse Atlantic ASA net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr8.27 Million | % |
| Other Components | Nkr11.50 Million | % |
| Total Equity | Nkr-260.01 Million | 100.00% |
Norse Atlantic ASA Competitors by Market Cap
The table below lists competitors of Norse Atlantic ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Noodles & Company
NASDAQ:NDLS
|
$70.82 Million |
|
Ipopema Securities SA
WAR:IPE
|
$70.86 Million |
|
GCL NEW ENERGY HD-0832
F:TJI
|
$70.87 Million |
|
ALM Equity AB (publ)
ST:ALM
|
$70.89 Million |
|
Shanghai Shibei Hi-Tech Co Ltd B
SHG:900902
|
$70.81 Million |
|
Omnisystem Co.Ltd
KQ:057540
|
$70.81 Million |
|
Skardin Industrial
TWO:3466
|
$70.80 Million |
|
mPLUS Corp
KQ:259630
|
$70.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Norse Atlantic ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -210,568,000 to -260,010,000, a change of -49,442,000.
- Net loss of 61,941,000 reduced equity.
- Share repurchases of 11,078,000 reduced equity.
- New share issuances of 11,078,000 increased equity.
- Other factors increased equity by 12,499,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-61.94 Million | -23.82% |
| Share Repurchases | Nkr11.08 Million | -4.26% |
| Share Issuances | Nkr11.08 Million | +4.26% |
| Other Changes | Nkr12.50 Million | +4.81% |
| Total Change | Nkr- | % |
Book Value vs Market Value Analysis
This analysis compares Norse Atlantic 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | Nkr0.04 | Nkr0.23 | x |
| 2021-12-31 | Nkr10.01 | Nkr0.23 | x |
| 2022-12-31 | Nkr0.50 | Nkr0.23 | x |
| 2023-12-31 | Nkr-1.33 | Nkr0.23 | x |
| 2024-12-31 | Nkr-1.62 | Nkr0.23 | x |
| 2025-12-31 | Nkr-1.60 | Nkr0.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Norse Atlantic 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.44%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-333.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -4.47% | -235.32% | 0.01x | 1.77x | Nkr-22.64 Million |
| 2022 | -1660.88% | -167.81% | 0.10x | 103.49x | Nkr-176.03 Million |
| 2023 | 0.00% | -38.40% | 0.41x | 0.00x | Nkr-159.78 Million |
| 2024 | 0.00% | -23.03% | 0.57x | 0.00x | Nkr-114.40 Million |
| 2025 | 0.00% | -8.44% | 0.81x | 0.00x | Nkr-35.94 Million |
Industry Comparison
This section compares Norse Atlantic ASA's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $71,157,000
- Average return on equity (ROE) among peers: -72.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Norse Atlantic ASA (NORSE) | Nkr-283.76 Million | -4.47% | N/A | $70.82 Million |
| Norwegian Air Shuttle ASA (NAS) | $71.16 Million | -72.88% | 2.10x | $1.27 Billion |
About Norse Atlantic ASA
Norse Atlantic ASA provides long-haul airline services in Norway, the United Kingdom, rest of Europe, the United States, and internationally. The company serves a scheduled network across destinations. It also engages in leasing of aircraft and technical services. The company was incorporated in 2021 and is headquartered in Arendal, Norway.