Northann Corp. (NCL) - Total Assets
Based on the latest financial reports, Northann Corp. (NCL) holds total assets worth $20.44 Million USD as of March 2026. 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. Explore Northann Corp. debt service capacity to assess how comfortably operating cash covers total debt obligations.
Northann Corp. - Total Assets Trend (2020–2025)
This chart illustrates how Northann Corp.'s total assets have evolved over time, based on quarterly financial data. See NCL net assets for net asset value and shareholders' equity analysis.
Northann Corp. - Asset Composition Analysis
Current Asset Composition (December 2025)
Northann Corp.'s total assets of $20.44 Million consist of 60.4% current assets and 39.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 5.0% |
| Accounts Receivable | $3.51 Million | 17.2% |
| Inventory | $6.19 Million | 30.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $994.93K | 4.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2025)
This chart illustrates how Northann Corp.'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 Northann Corp. (NCL) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Northann Corp.'s current assets represent 60.4% of total assets in 2025, an increase from 28.4% in 2020.
- Cash Position: Cash and equivalents constituted 5.0% of total assets in 2025, up from 3.2% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, a decrease from 10.0% in 2020.
- Asset Diversification: The largest asset category is inventory at 30.3% of total assets.
Northann Corp. Competitors by Total Assets
Key competitors of Northann Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Midea Group Co Ltd
SHE:000333
|
China | CN¥593.31 Billion |
|
Hangzhou Robam Appliances Co Ltd
SHE:002508
|
China | CN¥16.66 Billion |
|
Panca Anugrah Wisesa Tbk PT
JK:MGLV
|
Indonesia | Rp203.50 Billion |
|
Qumei Furniture Group Co Ltd
SHG:603818
|
China | CN¥6.07 Billion |
|
Anhui Sentai WPC Group Share Co. Ltd.
SHE:301429
|
China | CN¥1.69 Billion |
|
Purple Innovation Inc
NASDAQ:PRPL
|
USA | $271.99 Million |
|
Fiplasto SA
BA:FIPL
|
Argentina | AR$115.75 Billion |
|
Longvie SA
BA:LONG
|
Argentina | AR$43.34 Billion |
Northann Corp. - 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 | 1.67 | 0.77 | 0.43 |
| Quick Ratio | 0.83 | 0.56 | 0.24 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $4.97 Million | $-2.52 Million | $-8.32 Million |
Northann Corp. - Advanced Valuation Insights
This section examines the relationship between Northann Corp.'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 | 0.87 |
| Latest Market Cap to Assets Ratio | 0.40 |
| Asset Growth Rate (YoY) | 47.3% |
| Total Assets | $20.44 Million |
| Market Capitalization | $8.21 Million USD |
Valuation Analysis
Below Book Valuation: The market values Northann Corp.'s assets below their book value (0.40x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Northann Corp.'s assets grew by 47.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Northann Corp. (2020–2025)
The table below shows the annual total assets of Northann Corp. from 2020 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $20.44 Million | +47.33% |
| 2024-12-31 | $13.88 Million | +1.89% |
| 2023-12-31 | $13.62 Million | -5.49% |
| 2022-12-31 | $14.41 Million | -0.33% |
| 2021-12-31 | $14.46 Million | +33.46% |
| 2020-12-31 | $10.83 Million | -- |
About Northann Corp.
Northann Corp. engages in the operates dotfloor.com, the online store that offers vinyl flooring products internationally. It offers its products under the Benchwick and Dotfloor brand names; and it serves retail customers. The company was founded in 2013 and is based in Elk Grove, California.