Icelandair Group hf
Icelandair Group hf., together with its subsidiaries, operates in the airline industry in Iceland, North America, Europe, and internationally. It operates through Route Network, Cargo Operation, and Leasing Operations segments. The company offers passenger air travel; airfreight, cargo, and logistics services; and aircraft leasing and consulting services to international passenger airlines and to… Read more
Icelandair Group hf (ICEAIR) - Total Assets
Latest total assets as of June 2025: Ikr2.06 Billion ISK
Based on the latest financial reports, Icelandair Group hf (ICEAIR) holds total assets worth Ikr2.06 Billion ISK as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Icelandair Group hf - Total Assets Trend (2005–2024)
This chart illustrates how Icelandair Group hf’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Icelandair Group hf - Asset Composition Analysis
Current Asset Composition (December 2024)
Icelandair Group hf's total assets of Ikr2.06 Billion consist of 27.1% current assets and 72.9% non-current assets.
| Asset Category | Amount (ISK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Ikr0.00 | 9.2% |
| Accounts Receivable | Ikr72.60 Million | 4.4% |
| Inventory | Ikr24.49 Million | 1.5% |
| Property, Plant & Equipment | Ikr0.00 | 0.0% |
| Intangible Assets | Ikr33.97 Million | 2.1% |
| Goodwill | Ikr22.42 Million | 1.4% |
Asset Composition Trend (2005–2024)
This chart illustrates how Icelandair Group hf's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Icelandair Group hf's current assets represent 27.1% of total assets in 2024, an increase from 0.0% in 2005.
- Cash Position: Cash and equivalents constituted 9.2% of total assets in 2024, up from 7.8% in 2005.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, a decrease from 37.0% in 2005.
- Asset Diversification: The largest asset category is accounts receivable at 4.4% of total assets.
Icelandair Group hf Competitors by Total Assets
Key competitors of Icelandair Group hf based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Korean Air Lines Co
KO:003490
|
Korea | ₩48.75 Trillion |
|
Asiana Airline
KO:020560
|
Korea | ₩12.09 Trillion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.24 Trillion |
|
T'way Air Co Ltd
KO:091810
|
Korea | ₩1.78 Trillion |
|
Enter Air Sp. z o.o
F:10N
|
Germany | €3.35 Billion |
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$350.66 Billion |
|
STARLUX Airlines Co. Ltd.
TWO:2646
|
Taiwan | NT$91.35 Billion |
|
Jin Air Co Ltd
KO:272450
|
Korea | ₩1.20 Trillion |
Icelandair Group hf - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Icelandair Group hf generates 0.96x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Icelandair Group hf is currently not profitable relative to its asset base.
Icelandair Group hf - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.73 | 0.68 | 0.82 |
| Quick Ratio | 0.70 | 0.65 | 0.76 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Ikr-275.60 Million | Ikr -294.14 Million | Ikr -79.08 Million |
Icelandair Group hf - Advanced Valuation Insights
This section examines the relationship between Icelandair Group hf's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.88 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | 7.2% |
| Total Assets | Ikr1.64 Billion |
| Market Capitalization | $184.88 Million USD |
Valuation Analysis
Below Book Valuation: The market values Icelandair Group hf's assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Icelandair Group hf's assets grew by 7.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Icelandair Group hf (2005–2024)
The table below shows the annual total assets of Icelandair Group hf from 2005 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Ikr1.64 Billion | +7.21% |
| 2023-12-31 | Ikr1.53 Billion | +8.26% |
| 2022-12-31 | Ikr1.41 Billion | +20.45% |
| 2021-12-31 | Ikr1.17 Billion | +13.28% |
| 2020-12-31 | Ikr1.03 Billion | -38.31% |
| 2019-12-31 | Ikr1.68 Billion | +14.51% |
| 2018-12-31 | Ikr1.46 Billion | +3.46% |
| 2017-12-31 | Ikr1.42 Billion | +9.49% |
| 2016-12-31 | Ikr1.29 Billion | +32.98% |
| 2015-12-31 | Ikr971.98 Million | +14.46% |
| 2014-12-31 | Ikr849.22 Million | +1.96% |
| 2013-12-31 | Ikr832.88 Million | +9.17% |
| 2012-12-31 | Ikr762.89 Million | -99.15% |
| 2011-12-31 | Ikr89.47 Billion | +6.20% |
| 2010-12-31 | Ikr84.24 Billion | -5.46% |
| 2009-12-31 | Ikr89.10 Billion | -9.84% |
| 2008-12-31 | Ikr98.83 Billion | +48.04% |
| 2007-12-31 | Ikr66.76 Billion | +3.87% |
| 2005-12-31 | Ikr64.27 Billion | -- |