Airthings ASA (AIRX) - Total Assets
Based on the latest financial reports, Airthings ASA (AIRX) holds total assets worth Nkr35.92 Million NOK (≈ $3.78 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. Explore Airthings ASA debt service capacity to assess how comfortably operating cash covers total debt obligations.
Airthings ASA - Total Assets Trend (2017–2024)
This chart illustrates how Airthings ASA's total assets have evolved over time, based on quarterly financial data. See net assets of Airthings ASA for net asset value and shareholders' equity analysis.
Airthings ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Airthings ASA's total assets of Nkr35.92 Million consist of 81.1% current assets and 18.9% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 20.6% |
| Accounts Receivable | Nkr10.77 Million | 25.1% |
| Inventory | Nkr10.48 Million | 24.4% |
| Property, Plant & Equipment | Nkr1.98 Million | 4.6% |
| Intangible Assets | Nkr3.38 Million | 7.9% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Airthings ASA'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 value of Airthings ASA.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Airthings ASA's current assets represent 81.1% of total assets in 2024, a decrease from 97.6% in 2017.
- Cash Position: Cash and equivalents constituted 20.6% of total assets in 2024, down from 58.1% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 25.1% of total assets.
Airthings ASA Competitors by Total Assets
Key competitors of Airthings ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Qingdao TGOOD Electric Co Ltd
SHE:300001
|
China | CN¥24.24 Billion |
|
XTC New Energy Materials Xiamen Co Ltd
SHG:688778
|
China | CN¥22.70 Billion |
|
Hangzhou Zhongheng Electric Co Ltd
SHE:002364
|
China | CN¥3.90 Billion |
|
Nantong Haixing Electronics Co Ltd
SHG:603115
|
China | CN¥3.02 Billion |
|
Roshow Technology Co Ltd
SHE:002617
|
China | CN¥10.69 Billion |
|
China Southern Power Grid Technology Co Ltd
SHG:688248
|
China | CN¥4.81 Billion |
|
Chengdu Xuguang Electronics Co Ltd
SHG:600353
|
China | CN¥3.55 Billion |
|
Ballard Power Systems Inc
TO:BLDP
|
Canada | CA$710.46 Million |
Airthings ASA - 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 | 2.44 | 3.93 | 4.90 |
| Quick Ratio | 1.39 | 2.55 | 4.09 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr18.10 Million | Nkr29.84 Million | Nkr148.17 Million |
Airthings ASA - Advanced Valuation Insights
This section examines the relationship between Airthings ASA'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 | 0.57 |
| Latest Market Cap to Assets Ratio | 0.32 |
| Asset Growth Rate (YoY) | -33.7% |
| Total Assets | Nkr42.89 Million |
| Market Capitalization | $13.83 Million USD |
Valuation Analysis
Below Book Valuation: The market values Airthings ASA's assets below their book value (0.32x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Airthings ASA's assets decreased by 33.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Airthings ASA (2017–2024)
The table below shows the annual total assets of Airthings ASA from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr42.89 Million ≈ $4.51 Million |
-33.66% |
| 2023-12-31 | Nkr64.65 Million ≈ $6.80 Million |
+1.43% |
| 2022-12-31 | Nkr63.74 Million ≈ $6.71 Million |
-23.83% |
| 2021-12-31 | Nkr83.68 Million ≈ $8.81 Million |
-88.67% |
| 2020-12-31 | Nkr738.35 Million ≈ $77.70 Million |
+413.42% |
| 2019-12-31 | Nkr143.81 Million ≈ $15.13 Million |
+95.67% |
| 2018-12-31 | Nkr73.50 Million ≈ $7.73 Million |
+18.77% |
| 2017-12-31 | Nkr61.88 Million ≈ $6.51 Million |
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About Airthings ASA
Airthings ASA, a hardware-enabled software company, engages in the development of products and systems for monitoring indoor air quality, radon, and energy efficiency worldwide. It operates through Consumer, Business, and Professional segments. The Consumer segment sells air quality sensors to private customers through retail and e-commerce. The Business segment provides air quality solutions to … Read more