Norsk Solar AS
Norsk Renewables AS, an independent power producer, owns, develops, finances, builds, and operates solar power plants in Norway, Brazil, Vietnam, South Africa, Pakistan, and Ukraine. The company has proportionate ownership of 24 megawatts in 88 megawatts of solar power plants. It serves its products to utility and large corporate off-takers. The company was founded in 2017 and is headquartered in… Read more
Norsk Solar AS (NSOL) - Total Assets
Latest total assets as of September 2024: Nkr148.36 Million NOK
Based on the latest financial reports, Norsk Solar AS (NSOL) holds total assets worth Nkr148.36 Million NOK as of September 2024.
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.
Norsk Solar AS - Total Assets Trend (2017–2023)
This chart illustrates how Norsk Solar AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norsk Solar AS - Asset Composition Analysis
Current Asset Composition (December 2023)
Norsk Solar AS's total assets of Nkr148.36 Million consist of 23.5% current assets and 76.5% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 13.0% |
| Accounts Receivable | Nkr5.21 Million | 3.8% |
| Inventory | Nkr150.00K | 0.1% |
| Property, Plant & Equipment | Nkr0.00 | 0.0% |
| Intangible Assets | Nkr393.00K | 0.3% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2017–2023)
This chart illustrates how Norsk Solar AS'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: Norsk Solar AS's current assets represent 23.5% of total assets in 2023, a decrease from 25.1% in 2017.
- Cash Position: Cash and equivalents constituted 13.0% of total assets in 2023, up from 0.0% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2017.
- Asset Diversification: The largest asset category is accounts receivable at 3.8% of total assets.
Norsk Solar AS Competitors by Total Assets
Key competitors of Norsk Solar AS 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 |
Norsk Solar AS - 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 - Norsk Solar AS generates 0.11x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Norsk Solar AS is currently not profitable relative to its asset base.
Norsk Solar AS - 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 | 0.70 | 3.58 | 31.74 |
| Quick Ratio | 0.70 | 3.57 | 30.90 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr-25.06 Million | Nkr 40.55 Million | Nkr 148.88 Million |
Norsk Solar AS - Advanced Valuation Insights
This section examines the relationship between Norsk Solar AS'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 | 1.36 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -21.9% |
| Total Assets | Nkr138.76 Million |
| Market Capitalization | $384.61K USD |
Valuation Analysis
Below Book Valuation: The market values Norsk Solar AS's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Norsk Solar AS's assets decreased by 21.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Norsk Solar AS (2017–2023)
The table below shows the annual total assets of Norsk Solar AS from 2017 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | Nkr138.76 Million | -21.86% |
| 2022-12-31 | Nkr177.59 Million | -17.49% |
| 2021-12-31 | Nkr215.22 Million | +100.54% |
| 2020-12-31 | Nkr107.32 Million | -9.38% |
| 2019-12-31 | Nkr118.43 Million | +385.33% |
| 2018-12-31 | Nkr24.40 Million | +28.49% |
| 2017-12-31 | Nkr18.99 Million | -- |