Norwegian Air Shuttle ASA (NAS) - Total Assets
Based on the latest financial reports, Norwegian Air Shuttle ASA (NAS) holds total assets worth Nkr44.19 Billion NOK (≈ $4.65 Billion 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. See Norwegian Air Shuttle ASA (NAS) net assets for net asset value and shareholders' equity analysis.
Norwegian Air Shuttle ASA - Total Assets Trend (2002–2024)
This chart illustrates how Norwegian Air Shuttle ASA's total assets have evolved over time, based on quarterly financial data.
Norwegian Air Shuttle ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Norwegian Air Shuttle ASA's total assets of Nkr44.19 Billion consist of 40.6% current assets and 59.4% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr4.11 Billion | 26.3% |
| Accounts Receivable | Nkr2.90 Billion | 7.7% |
| Inventory | Nkr501.60 Million | 1.3% |
| Property, Plant & Equipment | Nkr19.40 Billion | 51.6% |
| Intangible Assets | Nkr374.40 Million | 1.0% |
| Goodwill | Nkr212.80 Million | 0.6% |
Asset Composition Trend (2002–2024)
This chart illustrates how Norwegian Air Shuttle 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 Norwegian Air Shuttle ASA market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Norwegian Air Shuttle ASA's current assets represent 40.6% of total assets in 2024, a decrease from 53.2% in 2002.
- Cash Position: Cash and equivalents constituted 26.3% of total assets in 2024, down from 28.7% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 14.0% in 2002.
- Asset Diversification: The largest asset category is property, plant & equipment at 51.6% of total assets.
Norwegian Air Shuttle ASA Competitors by Total Assets
Key competitors of Norwegian Air Shuttle ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Deutsche Lufthansa AG
XETRA:LHA
|
Germany | €48.83 Billion |
|
Thai Airways International Public Company Limited
BK:THAI
|
Thailand | ฿299.73 Billion |
|
Juneyao Airlines
SHG:603885
|
China | CN¥49.89 Billion |
|
Copa Holdings SA
NYSE:CPA
|
USA | $6.58 Billion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.35 Trillion |
|
flyExclusive, Inc.
NYSE:FLYX
|
USA | $443.44 Million |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
Norwegian Air Shuttle 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 | 1.08 | 1.15 | 0.60 |
| Quick Ratio | 1.06 | 1.11 | 0.59 |
| Cash Ratio | 0.71 | 0.00 | 0.00 |
| Working Capital | Nkr1.52 Billion | Nkr2.28 Billion | Nkr-6.42 Billion |
Norwegian Air Shuttle ASA - Advanced Valuation Insights
This section examines the relationship between Norwegian Air Shuttle 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 | 2.16 |
| Latest Market Cap to Assets Ratio | 0.04 |
| Asset Growth Rate (YoY) | 23.1% |
| Total Assets | Nkr37.60 Billion |
| Market Capitalization | $1.61 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Norwegian Air Shuttle ASA's assets below their book value (0.04x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Norwegian Air Shuttle ASA's assets grew by 23.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Norwegian Air Shuttle ASA (2002–2024)
The table below shows the annual total assets of Norwegian Air Shuttle ASA from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr37.60 Billion ≈ $3.96 Billion |
+23.08% |
| 2023-12-31 | Nkr30.55 Billion ≈ $3.21 Billion |
+34.76% |
| 2022-12-31 | Nkr22.67 Billion ≈ $2.39 Billion |
+20.42% |
| 2021-12-31 | Nkr18.83 Billion ≈ $1.98 Billion |
-62.01% |
| 2020-12-31 | Nkr49.55 Billion ≈ $5.21 Billion |
-41.94% |
| 2019-12-31 | Nkr85.34 Billion ≈ $8.98 Billion |
+52.44% |
| 2018-12-31 | Nkr55.99 Billion ≈ $5.89 Billion |
+28.63% |
| 2017-12-31 | Nkr43.52 Billion ≈ $4.58 Billion |
+15.25% |
| 2016-12-31 | Nkr37.76 Billion ≈ $3.97 Billion |
+19.37% |
| 2015-12-31 | Nkr31.63 Billion ≈ $3.33 Billion |
+39.32% |
| 2014-12-31 | Nkr22.71 Billion ≈ $2.39 Billion |
+53.81% |
| 2013-12-31 | Nkr14.76 Billion ≈ $1.55 Billion |
+23.86% |
| 2012-12-31 | Nkr11.92 Billion ≈ $1.25 Billion |
+32.38% |
| 2011-12-31 | Nkr9.00 Billion ≈ $947.47 Million |
+36.00% |
| 2010-12-31 | Nkr6.62 Billion ≈ $696.67 Million |
+31.83% |
| 2009-12-31 | Nkr5.02 Billion ≈ $528.46 Million |
+57.98% |
| 2008-12-31 | Nkr3.18 Billion ≈ $334.51 Million |
+36.37% |
| 2007-12-31 | Nkr2.33 Billion ≈ $245.30 Million |
+119.51% |
| 2006-12-31 | Nkr1.06 Billion ≈ $111.75 Million |
+57.13% |
| 2005-12-31 | Nkr675.82 Million ≈ $71.12 Million |
+48.24% |
| 2004-12-31 | Nkr455.91 Million ≈ $47.97 Million |
-13.08% |
| 2003-12-31 | Nkr524.49 Million ≈ $55.19 Million |
+138.00% |
| 2002-12-31 | Nkr220.37 Million ≈ $23.19 Million |
-- |
About Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA, together with its subsidiaries, provides air travel services in Norway and internationally. It is also involved in aircraft financing, leasing, and ownership; cargo; and other activities. The company was founded in 1993 and is headquartered in Fornebu, Norway.