Nordic Financials ASA
Nordic Financials ASA does not have significant operations. Previously, it was engaged in the solar power and renewable energy businesses. The company was formerly known as Aega ASA. Nordic Financials ASA was incorporated in 2011 and is headquartered in Oslo, Norway.
Nordic Financials ASA (NOFIN) - Total Assets
Latest total assets as of March 2025: Nkr5.19 Million NOK
Based on the latest financial reports, Nordic Financials ASA (NOFIN) holds total assets worth Nkr5.19 Million NOK as of March 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.
Nordic Financials ASA - Total Assets Trend (2022–2024)
This chart illustrates how Nordic Financials ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nordic Financials ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Nordic Financials ASA's total assets of Nkr5.19 Million consist of 80.1% current assets and 19.9% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr639.85K | 0.0% |
| Accounts Receivable | Nkr0.00 | 0.0% |
| Inventory | Nkr0.00 | 0.0% |
| Property, Plant & Equipment | Nkr0.00 | 0.0% |
| Intangible Assets | Nkr0.00 | 0.0% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2022–2024)
This chart illustrates how Nordic Financials 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nordic Financials ASA's current assets represent 80.1% of total assets in 2024, an increase from 23.3% in 2022.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2024, the same as 0.0% in 2022.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2022.
- Asset Diversification: The largest asset category is cash and equivalents at 0.0% of total assets.
Nordic Financials ASA Competitors by Total Assets
Key competitors of Nordic Financials ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Nordic Financials ASA - 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 - Nordic Financials ASA generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Nordic Financials ASA is currently not profitable relative to its asset base.
Nordic Financials 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 | 0.58 | 3.28 | 3.28 |
| Quick Ratio | 0.58 | 3.28 | 3.28 |
| Cash Ratio | 0.02 | 0.30 | 0.30 |
| Working Capital | Nkr-2.99 Million | Nkr 3.88 Million | Nkr 3.88 Million |
Nordic Financials ASA - Advanced Valuation Insights
This section examines the relationship between Nordic Financials 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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -97.7% |
| Total Assets | Nkr5.36 Million |
| Market Capitalization | $1.70K USD |
Valuation Analysis
Below Book Valuation: The market values Nordic Financials ASA's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Nordic Financials ASA's assets decreased by 97.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nordic Financials ASA (2022–2024)
The table below shows the annual total assets of Nordic Financials ASA from 2022 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr5.36 Million | -97.74% |
| 2023-12-31 | Nkr237.23 Million | -14.84% |
| 2022-12-31 | Nkr278.58 Million | -- |