Icelandair Group hf Total Assets
Icelandair Group hf total assets. Based on the latest financial reports, Icelandair Group hf (ICEAIR) holds total assets worth Ikr2.06 Billion ISK (≈ $16.77 Million USD) 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. Also see Icelandair Group hf market capitalisation for the company's overall valuation and market capitalisation.
Total Assets of Icelandair Group hf (2005–2024)
Total assets of Icelandair Group hf from 2005 to 2024. This chart illustrates how Icelandair Group hf's total assets have evolved over time, based on quarterly financial data. See ICEAIR live share price for real-time trading data and today's change.
Icelandair Group hf - Asset Composition Analysis
Icelandair Group hf Total Assets Breakdown (December 2024)
Icelandair Group hf total assets breakdown as of 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. Explore ICEAIR working capital efficiency to assess how much short-term liquidity the company maintains relative to its equity base.
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 |
|---|---|---|
|
Juneyao Airlines
SHG:603885
|
China | CN¥52.10 Billion |
|
Frontier Group Holdings Inc
NASDAQ:ULCC
|
USA | $7.24 Billion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
|
Air New Zealand Ltd
AU:AIZ
|
Australia | AU$9.14 Billion |
|
Regional Express Holdings Ltd
AU:REX
|
Australia | AU$737.16 Million |
|
Exchange Income Corporation
TO:EIF
|
Canada | CA$5.23 Billion |
|
Air Canada
TO:AC
|
Canada | CA$33.09 Billion |
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 | 0.15 |
| Asset Growth Rate (YoY) | 7.2% |
| Total Assets | Ikr1.64 Billion |
| Market Capitalization | $240.03 Million USD |
Valuation Analysis
Below Book Valuation: The market values Icelandair Group hf's assets below their book value (0.15x), 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 ≈ $13.35 Million |
+7.21% |
| 2023-12-31 | Ikr1.53 Billion ≈ $12.45 Million |
+8.26% |
| 2022-12-31 | Ikr1.41 Billion ≈ $11.50 Million |
+20.45% |
| 2021-12-31 | Ikr1.17 Billion ≈ $9.55 Million |
+13.28% |
| 2020-12-31 | Ikr1.03 Billion ≈ $8.43 Million |
-38.31% |
| 2019-12-31 | Ikr1.68 Billion ≈ $13.67 Million |
+14.51% |
| 2018-12-31 | Ikr1.46 Billion ≈ $11.94 Million |
+3.46% |
| 2017-12-31 | Ikr1.42 Billion ≈ $11.54 Million |
+9.49% |
| 2016-12-31 | Ikr1.29 Billion ≈ $10.54 Million |
+32.98% |
| 2015-12-31 | Ikr971.98 Million ≈ $7.92 Million |
+14.46% |
| 2014-12-31 | Ikr849.22 Million ≈ $6.92 Million |
+1.96% |
| 2013-12-31 | Ikr832.88 Million ≈ $6.79 Million |
+9.17% |
| 2012-12-31 | Ikr762.89 Million ≈ $6.22 Million |
-99.15% |
| 2011-12-31 | Ikr89.47 Billion ≈ $729.38 Million |
+6.20% |
| 2010-12-31 | Ikr84.24 Billion ≈ $686.77 Million |
-5.46% |
| 2009-12-31 | Ikr89.10 Billion ≈ $726.43 Million |
-9.84% |
| 2008-12-31 | Ikr98.83 Billion ≈ $805.72 Million |
+48.04% |
| 2007-12-31 | Ikr66.76 Billion ≈ $544.27 Million |
+3.87% |
| 2005-12-31 | Ikr64.27 Billion ≈ $524.00 Million |
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About 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