Var Energi ASA
Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi ASA is a subsidiary of Eni International B.… Read more
Var Energi ASA (VAR) - Total Assets
Latest total assets as of September 2025: Nkr265.88 Billion NOK
Based on the latest financial reports, Var Energi ASA (VAR) holds total assets worth Nkr265.88 Billion 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.
Var Energi ASA - Total Assets Trend (2017–2024)
This chart illustrates how Var Energi ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Var Energi ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Var Energi ASA's total assets of Nkr265.88 Billion consist of 5.8% current assets and 94.2% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr266.58 Million | 1.2% |
| Accounts Receivable | Nkr712.63 Million | 3.3% |
| Inventory | Nkr241.35 Million | 1.1% |
| Property, Plant & Equipment | Nkr16.94 Billion | 77.4% |
| Intangible Assets | Nkr241.89 Million | 1.1% |
| Goodwill | Nkr2.99 Billion | 13.7% |
Asset Composition Trend (2017–2024)
This chart illustrates how Var Energi 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: Var Energi ASA's current assets represent 5.8% of total assets in 2024, a decrease from 6.2% in 2017.
- Cash Position: Cash and equivalents constituted 1.2% of total assets in 2024, up from 0.3% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 14.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is property, plant & equipment at 77.4% of total assets.
Var Energi ASA Competitors by Total Assets
Key competitors of Var Energi 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 |
Var Energi 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
Lower asset utilization - Var Energi ASA generates 0.34x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Var Energi ASA generates $ 1.50 in net profit.
Var Energi 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 | 0.72 | 0.70 | 1.58 |
| Quick Ratio | 0.61 | 0.61 | 1.28 |
| Cash Ratio | 0.00 | 0.31 | 0.00 |
| Working Capital | Nkr-8.25 Billion | Nkr -742.82 Million | Nkr 548.53 Million |
Var Energi ASA - Advanced Valuation Insights
This section examines the relationship between Var Energi 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 | 9.97 |
| Latest Market Cap to Assets Ratio | 0.15 |
| Asset Growth Rate (YoY) | 13.4% |
| Total Assets | Nkr21.87 Billion |
| Market Capitalization | $3.31 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Var Energi ASA's assets below their book value (0.15 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Var Energi ASA's assets grew by 13.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Var Energi ASA (2017–2024)
The table below shows the annual total assets of Var Energi ASA from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr21.87 Billion | +13.37% |
| 2023-12-31 | Nkr19.29 Billion | +2.62% |
| 2022-12-31 | Nkr18.80 Billion | -5.06% |
| 2021-12-31 | Nkr19.80 Billion | -2.27% |
| 2020-12-31 | Nkr20.26 Billion | -5.86% |
| 2019-12-31 | Nkr21.52 Billion | +55.46% |
| 2018-12-31 | Nkr13.84 Billion | +192.56% |
| 2017-12-31 | Nkr4.73 Billion | -- |