Techstep ASA (TECH) - Total Assets
Based on the latest financial reports, Techstep ASA (TECH) holds total assets worth Nkr1.14 Billion NOK (≈ $119.52 Million USD) as of June 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. Explore Techstep ASA (TECH) debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Techstep ASA - Total Assets Trend (2004–2024)
This chart illustrates how Techstep ASA's total assets have evolved over time, based on quarterly financial data. See Techstep ASA (TECH) shareholders funds for net asset value and shareholders' equity analysis.
Techstep ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Techstep ASA's total assets of Nkr1.14 Billion consist of 17.6% current assets and 82.4% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr30.78 Million | 2.3% |
| Accounts Receivable | Nkr134.75 Million | 11.4% |
| Inventory | Nkr4.66 Million | 0.4% |
| Property, Plant & Equipment | Nkr199.41 Million | 16.9% |
| Intangible Assets | Nkr124.66 Million | 10.6% |
| Goodwill | Nkr632.11 Million | 53.7% |
Asset Composition Trend (2004–2024)
This chart illustrates how Techstep 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 TECH company net worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Techstep ASA's current assets represent 17.6% of total assets in 2024, a decrease from 53.9% in 2004.
- Cash Position: Cash and equivalents constituted 2.3% of total assets in 2024, down from 47.8% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 63.0% of total assets, an increase from 4.0% in 2004.
- Asset Diversification: The largest asset category is goodwill at 53.7% of total assets.
Techstep ASA Competitors by Total Assets
Key competitors of Techstep ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
|
China | CN¥56.58 Billion |
|
Jushri Technologies Inc Class A
SHE:300762
|
China | CN¥3.96 Billion |
|
EmbedWay Tech(Shanghai)Corp
SHG:603496
|
China | CN¥1.95 Billion |
|
AVIT Ltd
SHE:300264
|
China | CN¥208.96 Million |
|
Wonderful Hi-Tech Co Ltd
TWO:6190
|
Taiwan | NT$8.12 Billion |
|
Nanjing Huamai Tech Co Ltd
SHG:603042
|
China | CN¥1.70 Billion |
|
Axcen Photonics
TWO:6530
|
Taiwan | NT$574.73 Million |
|
Ekinops SA
PA:EKI
|
France | €194.30 Million |
Techstep 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 | 0.46 | 0.43 | 0.78 |
| Quick Ratio | 0.46 | 0.42 | 0.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr-204.28 Million | Nkr-246.41 Million | Nkr-62.32 Million |
Techstep ASA - Advanced Valuation Insights
This section examines the relationship between Techstep 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 | 0.77 |
| Latest Market Cap to Assets Ratio | 0.01 |
| Asset Growth Rate (YoY) | -7.4% |
| Total Assets | Nkr1.18 Billion |
| Market Capitalization | $9.12 Million USD |
Valuation Analysis
Below Book Valuation: The market values Techstep ASA's assets below their book value (0.01x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Techstep ASA's assets decreased by 7.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Techstep ASA (2004–2024)
The table below shows the annual total assets of Techstep ASA from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr1.18 Billion ≈ $123.89 Million |
-7.35% |
| 2023-12-31 | Nkr1.27 Billion ≈ $133.72 Million |
-3.97% |
| 2022-12-31 | Nkr1.32 Billion ≈ $139.25 Million |
+0.66% |
| 2021-12-31 | Nkr1.31 Billion ≈ $138.34 Million |
+9.63% |
| 2020-12-31 | Nkr1.20 Billion ≈ $126.18 Million |
+46.74% |
| 2019-12-31 | Nkr817.19 Million ≈ $85.99 Million |
+3.71% |
| 2018-12-31 | Nkr787.95 Million ≈ $82.92 Million |
+2.94% |
| 2017-12-31 | Nkr765.48 Million ≈ $80.55 Million |
+50.56% |
| 2016-12-31 | Nkr508.41 Million ≈ $53.50 Million |
+1283.05% |
| 2015-12-31 | Nkr36.76 Million ≈ $3.87 Million |
-56.50% |
| 2014-12-31 | Nkr84.51 Million ≈ $8.89 Million |
-5.54% |
| 2013-12-31 | Nkr89.46 Million ≈ $9.41 Million |
+10.68% |
| 2012-12-31 | Nkr80.83 Million ≈ $8.51 Million |
-24.89% |
| 2011-12-31 | Nkr107.61 Million ≈ $11.32 Million |
-31.67% |
| 2010-12-31 | Nkr157.49 Million ≈ $16.57 Million |
-25.80% |
| 2009-12-31 | Nkr212.25 Million ≈ $22.33 Million |
-24.91% |
| 2008-12-31 | Nkr282.65 Million ≈ $29.74 Million |
+39.67% |
| 2006-12-31 | Nkr202.37 Million ≈ $21.30 Million |
+8.60% |
| 2005-12-31 | Nkr186.36 Million ≈ $19.61 Million |
+49.04% |
| 2004-12-31 | Nkr125.04 Million ≈ $13.16 Million |
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About Techstep ASA
Techstep ASA operates as a mobile technology company in Norway, Sweden, Denmark, and Poland. It offers device lifecycle management; mobile data capture and workflow; mobile device management; procurement, logistics, and lifecycle; and mobile technology consultancy solutions. The company also provides mobile devices and accessories; and device management and security products. Techstep ASA has a s… Read more