Nel ASA (NEL) - Total Assets
Based on the latest financial reports, Nel ASA (NEL) holds total assets worth Nkr6.15 Billion NOK (≈ $646.71 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. Check Nel ASA investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Nel ASA - Total Assets Trend (2002–2024)
This chart illustrates how Nel ASA's total assets have evolved over time, based on quarterly financial data. Explore NEL strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.
Nel ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Nel ASA's total assets of Nkr6.15 Billion consist of 54.1% current assets and 46.0% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr1.86 Billion | 29.8% |
| Accounts Receivable | Nkr700.68 Million | 11.1% |
| Inventory | Nkr531.75 Million | 8.4% |
| Property, Plant & Equipment | Nkr1.66 Billion | 26.4% |
| Intangible Assets | Nkr617.42 Million | 9.8% |
| Goodwill | Nkr411.75 Million | 6.5% |
Asset Composition Trend (2002–2024)
This chart illustrates how Nel 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 Nel ASA (NEL) market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nel ASA's current assets represent 54.1% of total assets in 2024, an increase from 0.0% in 2002.
- Cash Position: Cash and equivalents constituted 29.8% of total assets in 2024, down from 73.5% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 15.0% of total assets, an increase from 0.0% in 2002.
- Asset Diversification: The largest asset category is cash and equivalents at 29.8% of total assets.
Nel ASA Competitors by Total Assets
Key competitors of Nel ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sandvik AB
ST:SAND
|
Sweden | Skr182.23 Billion |
|
Vestas Wind Systems A/S
F:VWSA
|
Germany | €26.71 Billion |
|
Jiangsu Hengli Hydraulic Co Ltd
SHG:601100
|
China | CN¥21.01 Billion |
|
Beijing Roborock Technology Co Ltd
SHG:688169
|
China | CN¥19.59 Billion |
|
Zhuhai Bojay Electronics Co Ltd
SHE:002975
|
China | CN¥3.35 Billion |
|
Hpsp Co Ltd
KQ:403870
|
Korea | ₩339.70 Billion |
|
Jack Sewing
SHG:603337
|
China | CN¥8.75 Billion |
|
Hefei Metalforming Mach Tool
SHG:603011
|
China | CN¥4.66 Billion |
Nel 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 | 3.54 | 3.94 | 8.52 |
| Quick Ratio | 2.59 | 3.32 | 7.78 |
| Cash Ratio | 2.03 | 0.00 | 0.00 |
| Working Capital | Nkr2.41 Billion | Nkr2.76 Billion | Nkr2.91 Billion |
Nel ASA - Advanced Valuation Insights
This section examines the relationship between Nel 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 | 0.88 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -19.8% |
| Total Assets | Nkr6.30 Billion |
| Market Capitalization | $459.36 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nel ASA's assets below their book value (0.07x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Nel ASA's assets decreased by 19.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nel ASA (2002–2024)
The table below shows the annual total assets of Nel ASA from 2002 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr6.30 Billion ≈ $663.38 Million |
-19.76% |
| 2023-12-31 | Nkr7.86 Billion ≈ $826.78 Million |
+13.04% |
| 2022-12-31 | Nkr6.95 Billion ≈ $731.39 Million |
+15.71% |
| 2021-12-31 | Nkr6.01 Billion ≈ $632.11 Million |
-2.11% |
| 2020-12-31 | Nkr6.14 Billion ≈ $645.76 Million |
+152.47% |
| 2019-12-31 | Nkr2.43 Billion ≈ $255.78 Million |
+25.01% |
| 2018-12-31 | Nkr1.94 Billion ≈ $204.61 Million |
+12.68% |
| 2017-12-31 | Nkr1.73 Billion ≈ $181.59 Million |
+126.20% |
| 2016-12-31 | Nkr762.87 Million ≈ $80.28 Million |
-6.47% |
| 2015-12-31 | Nkr815.65 Million ≈ $85.83 Million |
+241.02% |
| 2014-12-31 | Nkr239.18 Million ≈ $25.17 Million |
+1471.03% |
| 2013-12-31 | Nkr15.22 Million ≈ $1.60 Million |
-42.65% |
| 2012-12-31 | Nkr26.55 Million ≈ $2.79 Million |
-61.30% |
| 2011-12-31 | Nkr68.60 Million ≈ $7.22 Million |
-38.58% |
| 2010-12-31 | Nkr111.70 Million ≈ $11.75 Million |
+140.30% |
| 2009-12-31 | Nkr46.48 Million ≈ $4.89 Million |
+19.50% |
| 2008-12-31 | Nkr38.90 Million ≈ $4.09 Million |
+29.05% |
| 2007-12-31 | Nkr30.14 Million ≈ $3.17 Million |
-11.08% |
| 2006-12-31 | Nkr33.90 Million ≈ $3.57 Million |
+88.78% |
| 2005-12-31 | Nkr17.96 Million ≈ $1.89 Million |
+9.21% |
| 2004-12-31 | Nkr16.44 Million ≈ $1.73 Million |
+91.60% |
| 2003-12-31 | Nkr8.58 Million ≈ $903.07K |
-19.83% |
| 2002-12-31 | Nkr10.71 Million ≈ $1.13 Million |
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About Nel ASA
Nel ASA, a hydrogen company, provides solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates in Nel Alkaline Electrolyser and Nel PEM Electrolyser segments. The Nel Alkaline Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology. The Nel PEM Electrolyser segment supplies hydrogen pr… Read more