Okea ASA
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway.
Okea ASA (OKEA) - Total Assets
Latest total assets as of December 2025: Nkr1.82 Billion NOK
Based on the latest financial reports, Okea ASA (OKEA) holds total assets worth Nkr1.82 Billion NOK 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.
Okea ASA - Total Assets Trend (2015–2025)
This chart illustrates how Okea ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Okea ASA - Asset Composition Analysis
Current Asset Composition (December 2025)
Okea ASA's total assets of Nkr1.82 Billion consist of 30.9% current assets and 69.1% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 12.9% |
| Accounts Receivable | Nkr20.99 Million | 1.2% |
| Inventory | Nkr78.71 Million | 4.3% |
| Property, Plant & Equipment | Nkr0.00 | 0.0% |
| Intangible Assets | Nkr1.71 Million | 0.1% |
| Goodwill | Nkr91.25 Million | 5.0% |
Asset Composition Trend (2015–2025)
This chart illustrates how Okea 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: Okea ASA's current assets represent 30.9% of total assets in 2025, a decrease from 50.2% in 2015.
- Cash Position: Cash and equivalents constituted 12.9% of total assets in 2025, down from 37.0% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 5.0% of total assets, an increase from 0.0% in 2015.
- Asset Diversification: The largest asset category is goodwill at 5.0% of total assets.
Okea ASA Competitors by Total Assets
Key competitors of Okea ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Okea 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
Moderate asset utilization - Okea ASA generates 0.43x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Okea ASA is currently not profitable relative to its asset base.
Okea 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 | 1.49 | 1.31 | 1.99 |
| Quick Ratio | 1.28 | 1.16 | 1.76 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr183.05 Million | Nkr 1.56 Billion | Nkr 966.52 Million |
Okea ASA - Advanced Valuation Insights
This section examines the relationship between Okea 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 | 5.86 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | -90.8% |
| Total Assets | Nkr1.82 Billion |
| Market Capitalization | $169.34 Million USD |
Valuation Analysis
Below Book Valuation: The market values Okea ASA's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Okea ASA's assets decreased by 90.8% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Okea ASA (2015–2025)
The table below shows the annual total assets of Okea ASA from 2015 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr1.82 Billion | -90.82% |
| 2024-12-31 | Nkr19.79 Billion | +6.96% |
| 2023-12-31 | Nkr18.50 Billion | +18.43% |
| 2022-12-31 | Nkr15.62 Billion | +26.25% |
| 2021-12-31 | Nkr12.37 Billion | +26.56% |
| 2020-12-31 | Nkr9.78 Billion | -11.01% |
| 2019-12-31 | Nkr10.99 Billion | +9.62% |
| 2018-12-31 | Nkr10.02 Billion | +446.71% |
| 2017-12-31 | Nkr1.83 Billion | +159.49% |
| 2016-12-31 | Nkr706.44 Million | +3203.58% |
| 2015-12-31 | Nkr21.38 Million | -- |