Norse Atlantic ASA (NORSE) - Total Assets
Based on the latest financial reports, Norse Atlantic ASA (NORSE) holds total assets worth Nkr935.04 Million 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.
Norse Atlantic ASA - Total Assets Trend (2020–2024)
This chart illustrates how Norse Atlantic ASA's total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norse Atlantic ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Norse Atlantic ASA's total assets of Nkr935.04 Million consist of 15.0% current assets and 85.0% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr22.86 Million | 0.9% |
| Accounts Receivable | Nkr111.91 Million | 10.9% |
| Inventory | Nkr4.60 Million | 0.5% |
| Property, Plant & Equipment | Nkr824.69 Million | 80.0% |
| Intangible Assets | Nkr2.82 Million | 0.3% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2020–2024)
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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Norse Atlantic ASA's current assets represent 15.0% of total assets in 2024, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 0.9% of total assets in 2024, 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 80.0% 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 |
|---|---|---|
|
Korean Air Lines Co
KO:003490
|
Korea | ₩48.75 Trillion |
|
Asiana Airline
KO:020560
|
Korea | ₩12.09 Trillion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.35 Trillion |
|
T'way Air Co Ltd
KO:091810
|
Korea | ₩1.78 Trillion |
|
Enter Air Sp. z o.o
F:10N
|
Germany | €3.35 Billion |
|
China Airlines Ltd
TW:2610
|
Taiwan | NT$337.94 Billion |
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$364.82 Billion |
|
STARLUX AIRLINES LTD
TW:2646
|
Taiwan | NT$137.30 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 | 0.45 | 0.53 | 188.38 |
| Quick Ratio | 0.43 | 0.52 | 188.38 |
| Cash Ratio | 0.00 | 0.07 | 187.88 |
| Working Capital | Nkr-186.18 Million | Nkr-160.29 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 | - |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | -4.8% |
| Total Assets | Nkr1.03 Billion |
| Market Capitalization | $34.22 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norse Atlantic ASA's assets below their book value (0.03x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Norse Atlantic ASA's assets decreased by 4.8% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Norse Atlantic ASA (2020–2024)
The table below shows the annual total assets of Norse Atlantic ASA from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.03 Billion | -4.80% |
| 2023-12-31 | Nkr1.08 Billion | -0.65% |
| 2022-12-31 | Nkr1.09 Billion | +293.66% |
| 2021-12-31 | Nkr276.95 Million | +9037.41% |
| 2020-12-31 | Nkr3.03 Million | -- |
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.