Borealis Foods Inc. (BRLS) - Total Assets
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. Check Borealis Foods Inc. (BRLS) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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. Check BRLS cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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. For live market cap, price, and company overview, see market cap of Borealis Foods Inc..
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 |
|---|---|---|
|
Nestle S.A.
SW:NESN
|
Switzerland | CHF127.15 Billion |
|
Foshan Haitian Flavouring and Food Co Ltd
SHG:603288
|
China | CN¥48.38 Billion |
|
Lotus Bakeries
BR:LOTB
|
Belgium | €1.54 Billion |
|
The Magnum Ice Cream Company N.V.
AS:MICC
|
Netherlands | €7.49 Billion |
|
AAK AB
ST:AAK
|
Sweden | Skr32.62 Billion |
|
PT Indofood Sukses Makmur Tbk
JK:INDF
|
Indonesia | Rp226.51 Trillion |
|
Tiger Brands Ltd
JSE:TBS
|
South Africa | ZAC26.95 Billion |
|
Greencore Group plc
F:GCG
|
Germany | €1.27 Billion |
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 | 0.48 |
| Asset Growth Rate (YoY) | 172.2% |
| Total Assets | $60.01 Million |
| Market Capitalization | $28.97 Million USD |
Valuation Analysis
Below Book Valuation: The market values Borealis Foods Inc.'s assets below their book value (0.48x), 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 | -- |
About 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.