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
Airthings ASA (ARTGF) - Net Assets
Latest net assets as of September 2025: $17.78 Million USD
Based on the latest financial reports, Airthings ASA (ARTGF) has net assets worth $17.78 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($31.44 Million) and total liabilities ($13.66 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $17.78 Million |
| % of Total Assets | 56.55% |
| Annual Growth Rate | 24.82% |
| 5-Year Change | -63.2% |
| 10-Year Change | N/A |
| Growth Volatility | 213.2 |
Airthings ASA - Net Assets Trend (2017–2024)
This chart illustrates how Airthings ASA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Airthings ASA (2017–2024)
The table below shows the annual net assets of Airthings ASA from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $28.44 Million | -43.41% |
| 2023-12-31 | $50.26 Million | -1.31% |
| 2022-12-31 | $50.93 Million | -24.93% |
| 2021-12-31 | $67.84 Million | -12.23% |
| 2020-12-31 | $77.29 Million | +599.11% |
| 2019-12-31 | $11.06 Million | +95.59% |
| 2018-12-31 | $5.65 Million | -6.20% |
| 2017-12-31 | $6.03 Million | -- |
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 3460.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $215.00K | 0.76% |
| Other Comprehensive Income | $-8.67 Million | -30.50% |
| Other Components | $86.38 Million | 303.71% |
| Total Equity | $28.44 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 |
|---|---|
|
Eureka Design Public Company Limited
BK:UREKA
|
$9.64 Million |
|
Avonmore Capital & Management Services Limited
NSE:AVONMORE
|
$9.64 Million |
|
Yw Company Limited
KQ:051390
|
$9.65 Million |
|
aap Implantate AG
F:AAQ1
|
$9.65 Million |
|
J.S.P. Property Public Company Limited
BK:JSP
|
$9.64 Million |
|
NextCell Pharma AB
ST:NXTCL
|
$9.63 Million |
|
Bionano Genomics Inc
NASDAQ:BNGO
|
$9.63 Million |
|
Dongsung Pharm
KO:002210
|
$9.63 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 17,690,000 reduced equity.
- Other comprehensive income decreased equity by 4,144,466.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-17.69 Million | -62.19% |
| Other Comprehensive Income | $-4.14 Million | -14.57% |
| Other Changes | $14.47K | +0.05% |
| Total Change | $- | -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: 1.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.50x to 1.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $0.04 | $0.23 | x |
| 2018-12-31 | $0.03 | $0.23 | x |
| 2019-12-31 | $0.08 | $0.23 | x |
| 2020-12-31 | $0.58 | $0.23 | x |
| 2021-12-31 | $0.38 | $0.23 | x |
| 2022-12-31 | $0.29 | $0.23 | x |
| 2023-12-31 | $0.26 | $0.23 | x |
| 2024-12-31 | $0.14 | $0.23 | 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): -62.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -45.95%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.51x
- Recent ROE (-62.19%) is below the historical average (-27.68%), 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 | $55.66K |
| 2018 | 8.37% | 4.35% | 1.29x | 1.49x | $-92.41K |
| 2019 | -9.43% | -6.59% | 0.97x | 1.47x | $-2.15 Million |
| 2020 | -6.08% | -18.71% | 0.29x | 1.12x | $-12.43 Million |
| 2021 | -10.70% | -21.56% | 0.40x | 1.23x | $-14.04 Million |
| 2022 | -20.75% | -29.83% | 0.56x | 1.25x | $-15.66 Million |
| 2023 | -131.61% | -180.78% | 0.57x | 1.29x | $-71.18 Million |
| 2024 | -62.19% | -45.95% | 0.90x | 1.51x | $-20.53 Million |
Industry Comparison
This section compares Airthings ASA's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airthings ASA (ARTGF) | $17.78 Million | 10.92% | 0.77x | $9.64 Million |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |