Ice Fish Farm AS
Ice Fish Farm AS engages in the salmon farming business in Iceland. It also operates smolt stations. The company was incorporated in 2020 and is headquartered in Seltjarnarnes, Iceland. Ice Fish Farm AS is a subsidiary of Måsøval Eiendom AS.
Ice Fish Farm AS (IFISH) - Total Assets
Latest total assets as of September 2025: Nkr529.66 Million NOK
Based on the latest financial reports, Ice Fish Farm AS (IFISH) holds total assets worth Nkr529.66 Million NOK 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.
Ice Fish Farm AS - Total Assets Trend (2017–2024)
This chart illustrates how Ice Fish Farm AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ice Fish Farm AS - Asset Composition Analysis
Current Asset Composition (December 2024)
Ice Fish Farm AS's total assets of Nkr529.66 Million consist of 31.4% current assets and 68.6% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 0.5% |
| Accounts Receivable | Nkr8.50 Million | 1.8% |
| Inventory | Nkr136.36 Million | 28.3% |
| Property, Plant & Equipment | Nkr0.00 | 0.0% |
| Intangible Assets | Nkr195.47 Million | 40.5% |
| Goodwill | Nkr20.20 Million | 4.2% |
Asset Composition Trend (2017–2024)
This chart illustrates how Ice Fish Farm AS'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: Ice Fish Farm AS's current assets represent 31.4% of total assets in 2024, a decrease from 70.5% in 2017.
- Cash Position: Cash and equivalents constituted 0.5% of total assets in 2024, up from 0.3% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 44.0% of total assets, an increase from 2.0% in 2017.
- Asset Diversification: The largest asset category is intangible assets at 40.5% of total assets.
Ice Fish Farm AS Competitors by Total Assets
Key competitors of Ice Fish Farm AS based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Riverview Rubber Estates Bhd
KLSE:2542
|
Malaysia | RM406.55 Million |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
China | CN¥10.49 Billion |
|
Hunan Zhenghong Science and Technology Develop Co Ltd
SHE:000702
|
China | CN¥505.58 Million |
|
Hefei Fengle Seed Co Ltd
SHE:000713
|
China | CN¥3.52 Billion |
|
Luoniushan Co Ltd
SHE:000735
|
China | CN¥10.05 Billion |
|
New Hope Liuhe Co Ltd
SHE:000876
|
China | CN¥116.87 Billion |
|
Yuan Longping High-tech Agriculture Co Ltd
SHE:000998
|
China | CN¥25.48 Billion |
|
Dongrui Food Group Co Ltd
SHE:001201
|
China | CN¥6.21 Billion |
Ice Fish Farm AS - 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
Lower asset utilization - Ice Fish Farm AS generates 0.21x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Ice Fish Farm AS is currently not profitable relative to its asset base.
Ice Fish Farm AS - 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 | 3.67 | 0.27 | 3.67 |
| Quick Ratio | 0.52 | 0.03 | 1.62 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr126.84 Million | Nkr -41.28 Million | Nkr 394.28 Million |
Ice Fish Farm AS - Advanced Valuation Insights
This section examines the relationship between Ice Fish Farm AS'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 | 0.94 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -90.4% |
| Total Assets | Nkr482.76 Million |
| Market Capitalization | $3.01 Million USD |
Valuation Analysis
Below Book Valuation: The market values Ice Fish Farm AS's assets below their book value (0.01 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Ice Fish Farm AS's assets decreased by 90.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Ice Fish Farm AS (2017–2024)
The table below shows the annual total assets of Ice Fish Farm AS from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr482.76 Million | -90.45% |
| 2023-12-31 | Nkr5.05 Billion | +37.22% |
| 2022-12-31 | Nkr3.68 Billion | +114.97% |
| 2021-12-31 | Nkr1.71 Billion | +16.72% |
| 2020-12-31 | Nkr1.47 Billion | +164.40% |
| 2019-12-31 | Nkr555.10 Million | -46.84% |
| 2018-12-31 | Nkr1.04 Billion | +207.14% |
| 2017-12-31 | Nkr339.97 Million | -- |