Var Energi ASA (VAR) - Total Assets
Based on the latest financial reports, Var Energi ASA (VAR) holds total assets worth Nkr265.88 Billion NOK (≈ $27.98 Billion USD) 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. Check how aggressively does Var Energi ASA reinvest cash to assess the company's total reinvestment commitment from operating cash flow.
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. Check Var Energi ASA (VAR) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.
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. For live market cap, price, and company overview, see VAR market cap.
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 |
|---|---|---|
|
Woodside Energy Group Ltd
NYSE:WDS
|
USA | $66.50 Billion |
|
Aker BP ASA
OL:AKRBP
|
Norway | Nkr42.88 Billion |
|
Santos Ltd
AU:STO
|
Australia | AU$32.05 Billion |
|
ARC Resources Ltd.
TO:ARX
|
Canada | CA$14.18 Billion |
|
Tamarack Valley Energy Ltd
TO:TVE
|
Canada | CA$3.47 Billion |
|
Vista Energy S.A.B. de C.V.
BA:VIST
|
Argentina | AR$7.72 Billion |
|
Spartan Delta Corp
TO:SDE
|
Canada | CA$1.35 Billion |
|
Beach Energy Ltd
AU:BPT
|
Australia | AU$5.42 Billion |
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 | Nkr548.53 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 | 0.52 |
| Asset Growth Rate (YoY) | 13.4% |
| Total Assets | Nkr21.87 Billion |
| Market Capitalization | $11.32 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Var Energi ASA's assets below their book value (0.52x), 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 ≈ $2.30 Billion |
+13.37% |
| 2023-12-31 | Nkr19.29 Billion ≈ $2.03 Billion |
+2.62% |
| 2022-12-31 | Nkr18.80 Billion ≈ $1.98 Billion |
-5.06% |
| 2021-12-31 | Nkr19.80 Billion ≈ $2.08 Billion |
-2.27% |
| 2020-12-31 | Nkr20.26 Billion ≈ $2.13 Billion |
-5.86% |
| 2019-12-31 | Nkr21.52 Billion ≈ $2.26 Billion |
+55.46% |
| 2018-12-31 | Nkr13.84 Billion ≈ $1.46 Billion |
+192.56% |
| 2017-12-31 | Nkr4.73 Billion ≈ $497.94 Million |
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About 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