Norbit ASA
Norbit ASA provides technology solutions to customers in a range of industries. It operates through Oceans, Connectivity, and Product Innovation and Realization segments. The company offers multibeam sonar systems, including integrated bathymetric systems, bathymetry systems, advanced monitoring systems for dredging, construction and renewables, forward looking wide area imaging, advanced imaging… Read more
Norbit ASA (NORBT) - Total Assets
Latest total assets as of September 2025: Nkr2.50 Billion NOK
Based on the latest financial reports, Norbit ASA (NORBT) holds total assets worth Nkr2.50 Billion 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.
Norbit ASA - Total Assets Trend (2016–2024)
This chart illustrates how Norbit ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norbit ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Norbit ASA's total assets of Nkr2.50 Billion consist of 44.3% current assets and 55.7% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr193.30 Million | 8.9% |
| Accounts Receivable | Nkr273.40 Million | 12.5% |
| Inventory | Nkr434.70 Million | 19.9% |
| Property, Plant & Equipment | Nkr274.00 Million | 12.5% |
| Intangible Assets | Nkr418.90 Million | 19.2% |
| Goodwill | Nkr497.40 Million | 22.8% |
Asset Composition Trend (2016–2024)
This chart illustrates how Norbit 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: Norbit ASA's current assets represent 44.3% of total assets in 2024, a decrease from 47.4% in 2016.
- Cash Position: Cash and equivalents constituted 8.9% of total assets in 2024, up from 1.1% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 41.0% of total assets, an increase from 26.0% in 2016.
- Asset Diversification: The largest asset category is goodwill at 22.8% of total assets.
Norbit ASA Competitors by Total Assets
Key competitors of Norbit ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Beijing BDStar Navigation Co Ltd
SHE:002151
|
China | CN¥6.56 Billion |
|
Oriental Times Media Corp
SHE:002175
|
China | CN¥983.41 Million |
|
Changchun UP Optotech Co Ltd
SHE:002338
|
China | CN¥2.50 Billion |
|
Nanjing Sciyon Automation Group Co Ltd
SHE:002380
|
China | CN¥3.87 Billion |
|
Jiangsu Changfa Refrigeration Co Ltd
SHE:002413
|
China | CN¥5.09 Billion |
|
Wuhan Guide Infrared Co Ltd
SHE:002414
|
China | CN¥10.53 Billion |
|
Shenzhen Jieshun Science and Technology Industry Co Ltd
SHE:002609
|
China | CN¥3.99 Billion |
|
Beijing SDL Technology Co Ltd
SHE:002658
|
China | CN¥3.08 Billion |
Norbit 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
Strong asset utilization - Norbit ASA generates 0.80x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Norbit ASA generates $ 11.13 in net profit.
Norbit 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 | 1.79 | 1.87 | 1.58 |
| Quick Ratio | 0.74 | 0.81 | 0.78 |
| Cash Ratio | 0.00 | 0.26 | 0.00 |
| Working Capital | Nkr521.70 Million | Nkr 386.30 Million | Nkr 119.25 Million |
Norbit ASA - Advanced Valuation Insights
This section examines the relationship between Norbit 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 | 9.12 |
| Latest Market Cap to Assets Ratio | 0.25 |
| Asset Growth Rate (YoY) | 46.1% |
| Total Assets | Nkr2.19 Billion |
| Market Capitalization | $544.81 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norbit ASA's assets below their book value (0.25 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Norbit ASA's assets grew by 46.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Norbit ASA (2016–2024)
The table below shows the annual total assets of Norbit ASA from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.19 Billion | +46.08% |
| 2023-12-31 | Nkr1.50 Billion | +22.54% |
| 2022-12-31 | Nkr1.22 Billion | +24.96% |
| 2021-12-31 | Nkr976.94 Million | +45.45% |
| 2020-12-31 | Nkr671.65 Million | +11.94% |
| 2019-12-31 | Nkr600.01 Million | +27.53% |
| 2018-12-31 | Nkr470.48 Million | +33.15% |
| 2017-12-31 | Nkr353.36 Million | +28.88% |
| 2016-12-31 | Nkr274.17 Million | -- |