Norcod As (NCOD) - Total Assets
Based on the latest financial reports, Norcod As (NCOD) holds total assets worth Nkr547.37 Million NOK (≈ $57.60 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 how well can Norcod As service its debt to assess how comfortably operating cash covers total debt obligations.
Norcod As - Total Assets Trend (2018–2024)
This chart illustrates how Norcod As's total assets have evolved over time, based on quarterly financial data. See Norcod As (NCOD) net assets for net asset value and shareholders' equity analysis.
Norcod As - Asset Composition Analysis
Current Asset Composition (December 2024)
Norcod As's total assets of Nkr547.37 Million consist of 49.4% current assets and 50.6% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr22.53 Million | 2.9% |
| Accounts Receivable | Nkr32.72 Million | 4.9% |
| Inventory | Nkr13.24 Million | 2.0% |
| Property, Plant & Equipment | Nkr339.06 Million | 50.3% |
| Intangible Assets | Nkr2.00 Million | 0.3% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2018–2024)
This chart illustrates how Norcod 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. For live market cap, price, and company overview, see market cap of Norcod As.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Norcod As's current assets represent 49.4% of total assets in 2024, a decrease from 100.0% in 2018.
- Cash Position: Cash and equivalents constituted 2.9% of total assets in 2024, up from 0.0% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2018.
- Asset Diversification: The largest asset category is property, plant & equipment at 50.3% of total assets.
Norcod As Competitors by Total Assets
Key competitors of Norcod As based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sildarvinnslan Hf.
IC:SVN
|
Iceland | Ikr1.08 Billion |
|
Fujian Wanchen Biotechnology Co. Ltd
SHE:300972
|
China | CN¥10.76 Billion |
|
Yunnan Shennong Agricultural Industry Group Co Ltd
SHG:605296
|
China | CN¥7.16 Billion |
|
Austevoll Seafood ASA
OL:AUSS
|
Norway | Nkr52.37 Billion |
|
United Plantations Bhd
KLSE:2089
|
Malaysia | RM3.47 Billion |
|
Shandong Yisheng Livestock & Poultry Breeding Co Ltd
SHE:002458
|
China | CN¥7.22 Billion |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
China | CN¥23.50 Billion |
|
Great-Sun Foods Co Ltd
SHG:603336
|
China | CN¥1.78 Billion |
Norcod 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 | 1.00 | 1.39 | 2.03 |
| Quick Ratio | 0.13 | 0.30 | 1.12 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr-690.00K | Nkr94.48 Million | Nkr99.20 Million |
Norcod As - Advanced Valuation Insights
This section examines the relationship between Norcod 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 | 3.87 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | -3.0% |
| Total Assets | Nkr673.98 Million |
| Market Capitalization | $61.85 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norcod As's assets below their book value (0.09x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Norcod As's assets decreased by 3.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Norcod As (2018–2024)
The table below shows the annual total assets of Norcod As from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr673.98 Million ≈ $70.92 Million |
-3.00% |
| 2023-12-31 | Nkr694.79 Million ≈ $73.11 Million |
+28.23% |
| 2022-12-31 | Nkr541.85 Million ≈ $57.02 Million |
-7.90% |
| 2021-12-31 | Nkr588.33 Million ≈ $61.91 Million |
+28.23% |
| 2020-12-31 | Nkr458.82 Million ≈ $48.28 Million |
+1150.59% |
| 2019-12-31 | Nkr36.69 Million ≈ $3.86 Million |
+122193.33% |
| 2018-12-31 | Nkr30.00K ≈ $3.16K |
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About Norcod As
Norcod AS engages in the farming, production, operation, distribution, marketing, and sale of farmed cod products in Norway and internationally. The company was incorporated in 2018 and is headquartered in Trondheim, Norway.