Norse Atlantic ASA (NORSE) - Total Assets
Based on the latest financial reports, Norse Atlantic ASA (NORSE) holds total assets worth Nkr911.79 Million NOK (≈ $95.95 Million USD) as of December 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 total reinvestment intensity of Norse Atlantic ASA to assess the company's total reinvestment commitment from operating cash flow.
Norse Atlantic ASA - Total Assets Trend (2020–2025)
This chart illustrates how Norse Atlantic ASA's total assets have evolved over time, based on quarterly financial data. Check Norse Atlantic ASA (NORSE) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
Norse Atlantic ASA - Asset Composition Analysis
Current Asset Composition (December 2025)
Norse Atlantic ASA's total assets of Nkr911.79 Million consist of 15.3% current assets and 84.7% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr17.55 Million | 1.9% |
| Accounts Receivable | Nkr24.02 Million | 2.6% |
| Inventory | Nkr6.32 Million | 0.7% |
| Property, Plant & Equipment | Nkr703.41 Million | 77.2% |
| Intangible Assets | Nkr2.02 Million | 0.2% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2020–2025)
This chart illustrates how Norse Atlantic 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 NORSE market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Norse Atlantic ASA's current assets represent 15.3% of total assets in 2025, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 1.9% of total assets in 2025, down from 114.9% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is property, plant & equipment at 77.2% of total assets.
Norse Atlantic ASA Competitors by Total Assets
Key competitors of Norse Atlantic ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Delta Air Lines Inc
NYSE:DAL
|
USA | $84.43 Billion |
|
China Southern Airlines Co Ltd Class A
SHG:600029
|
China | CN¥356.51 Billion |
|
Qantas Airways Ltd
AU:QAN
|
Australia | AU$23.89 Billion |
|
Virgin Australia Holdings Ltd
AU:VGN
|
Australia | AU$4.87 Billion |
|
Air New Zealand Ltd
AU:AIZ
|
Australia | AU$9.14 Billion |
|
Regional Express Holdings Ltd
AU:REX
|
Australia | AU$737.16 Million |
|
Exchange Income Corporation
TO:EIF
|
Canada | CA$5.23 Billion |
|
Air Canada
TO:AC
|
Canada | CA$33.09 Billion |
Norse Atlantic 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 | 0.39 | 0.48 | 188.38 |
| Quick Ratio | 0.38 | 0.47 | 188.38 |
| Cash Ratio | 0.05 | 0.07 | 187.88 |
| Working Capital | Nkr-215.62 Million | Nkr-165.03 Million | Nkr149.90 Million |
Norse Atlantic ASA - Advanced Valuation Insights
This section examines the relationship between Norse Atlantic 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 | 8.52 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -11.6% |
| Total Assets | Nkr911.79 Million |
| Market Capitalization | $11.60 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norse Atlantic ASA's assets below their book value (0.01x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Norse Atlantic ASA's assets decreased by 11.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Norse Atlantic ASA (2020–2025)
The table below shows the annual total assets of Norse Atlantic ASA from 2020 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr911.79 Million ≈ $95.95 Million |
-11.58% |
| 2024-12-31 | Nkr1.03 Billion ≈ $108.51 Million |
-4.80% |
| 2023-12-31 | Nkr1.08 Billion ≈ $113.98 Million |
-0.65% |
| 2022-12-31 | Nkr1.09 Billion ≈ $114.72 Million |
+293.66% |
| 2021-12-31 | Nkr276.95 Million ≈ $29.14 Million |
+9037.41% |
| 2020-12-31 | Nkr3.03 Million ≈ $318.94K |
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About Norse Atlantic ASA
Norse Atlantic ASA provides long-haul airline services in Norway, the United Kingdom, rest of Europe, the United States, and internationally. The company serves a scheduled network across destinations. It also engages in leasing of aircraft. The company was incorporated in 2021 and is headquartered in Arendal, Norway.