Borealis Foods Inc.
Borealis Foods Inc. operates as a food tech company that provides nutritious food products. It provides ramen noodles under the Chef Woo, Chef Ramsay, Ramen Express, and Woodles brands. The company is based in Oakville, Canada.
Borealis Foods Inc. (BRLS) - Total Assets
Latest total assets as of September 2025: $56.30 Million USD
Based on the latest financial reports, Borealis Foods Inc. (BRLS) holds total assets worth $56.30 Million USD as of September 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.
Borealis Foods Inc. - Total Assets Trend (2021–2024)
This chart illustrates how Borealis Foods Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Borealis Foods Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
Borealis Foods Inc.'s total assets of $56.30 Million consist of 19.7% current assets and 80.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.1% |
| Accounts Receivable | $1.97 Million | 3.3% |
| Inventory | $8.05 Million | 13.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $319.31K | 0.5% |
| Goodwill | $1.92 Million | 3.2% |
Asset Composition Trend (2021–2024)
This chart illustrates how Borealis Foods Inc.'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: Borealis Foods Inc.'s current assets represent 19.7% of total assets in 2024, a decrease from 20.2% in 2021.
- Cash Position: Cash and equivalents constituted 1.1% of total assets in 2024, down from 5.1% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, unchanged from 3.0% in 2021.
- Asset Diversification: The largest asset category is inventory at 13.4% of total assets.
Borealis Foods Inc. Competitors by Total Assets
Key competitors of Borealis Foods Inc. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
General Mills Inc
NYSE:GIS
|
USA | $32.55 Billion |
|
Maniker F & G Co. Ltd
KQ:195500
|
Korea | ₩123.42 Billion |
|
Xiwang Foodstuffs Co Ltd
SHE:000639
|
China | CN¥6.08 Billion |
|
Nanfang Black Sesame Group Co Ltd
SHE:000716
|
China | CN¥4.57 Billion |
|
CNFC Overseas Fishery Co Ltd
SHE:000798
|
China | CN¥5.88 Billion |
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
China | CN¥40.64 Billion |
|
Xinjiang Chalkis Co Ltd
SHE:000972
|
China | CN¥1.25 Billion |
|
Daehan Flour Mills Co Ltd
KO:001130
|
Korea | ₩1.61 Trillion |
Borealis Foods Inc. - 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
Moderate asset utilization - Borealis Foods Inc. generates 0.46x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Borealis Foods Inc. is currently not profitable relative to its asset base.
Borealis Foods Inc. - 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 | 0.15 | 0.44 | 0.28 |
| Quick Ratio | 0.05 | 0.15 | 0.28 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-54.65 Million | $ -16.87 Million | $ -224.21K |
Borealis Foods Inc. - Advanced Valuation Insights
This section examines the relationship between Borealis Foods Inc.'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 | 14.03 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | 172.2% |
| Total Assets | $60.01 Million |
| Market Capitalization | $8.77 Million USD |
Valuation Analysis
Below Book Valuation: The market values Borealis Foods Inc.'s assets below their book value (0.15 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Borealis Foods Inc.'s assets grew by 172.2% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Borealis Foods Inc. (2021–2024)
The table below shows the annual total assets of Borealis Foods Inc. from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $60.01 Million | +172.21% |
| 2023-12-31 | $22.04 Million | -65.97% |
| 2022-12-31 | $64.77 Million | +12.87% |
| 2021-12-31 | $57.38 Million | -- |