Norse Atlantic ASA
Norse Atlantic ASA provides long-haul airline services in Norway, the United Kingdom, rest of Europe, the United States, and internationally. The company serves a scheduled network across destinations. It also engages in leasing of aircraft. The company was incorporated in 2021 and is headquartered in Arendal, Norway.
Norse Atlantic ASA (NRSAF) - Total Assets
Latest total assets as of December 2025: $911.79 Million USD
Based on the latest financial reports, Norse Atlantic ASA (NRSAF) holds total assets worth $911.79 Million USD 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.
Norse Atlantic ASA - Total Assets Trend (2021–2025)
This chart illustrates how Norse Atlantic ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norse Atlantic ASA - Asset Composition Analysis
Current Asset Composition (December 2025)
Norse Atlantic ASA's total assets of $911.79 Million consist of 15.3% current assets and 84.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 1.9% |
| Accounts Receivable | $24.12 Million | 2.7% |
| Inventory | $6.32 Million | 0.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2021–2025)
This chart illustrates how Norse Atlantic 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: Norse Atlantic ASA's current assets represent 15.3% of total assets in 2025, a decrease from 48.7% in 2021.
- Cash Position: Cash and equivalents constituted 1.9% of total assets in 2025, down from 48.5% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is accounts receivable at 2.7% of total assets.
Norse Atlantic ASA Competitors by Total Assets
Key competitors of Norse Atlantic ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Korean Air Lines Co
KO:003490
|
Korea | ₩48.75 Trillion |
|
Asiana Airline
KO:020560
|
Korea | ₩12.09 Trillion |
|
Jeju Air Co Ltd
KO:089590
|
Korea | ₩2.24 Trillion |
|
T'way Air Co Ltd
KO:091810
|
Korea | ₩1.78 Trillion |
|
Enter Air Sp. z o.o
F:10N
|
Germany | €3.35 Billion |
|
Eva Airways Corp
TW:2618
|
Taiwan | NT$350.66 Billion |
|
STARLUX Airlines Co. Ltd.
TWO:2646
|
Taiwan | NT$91.35 Billion |
|
Jin Air Co Ltd
KO:272450
|
Korea | ₩1.20 Trillion |
Norse Atlantic 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
Strong asset utilization - Norse Atlantic ASA generates 0.81x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Norse Atlantic ASA is currently not profitable relative to its asset base.
Norse Atlantic 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 | 0.39 | 0.48 | 2.55 |
| Quick Ratio | 0.38 | 0.47 | 2.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-215.62 Million | $ -165.03 Million | $ 81.00 Million |
Norse Atlantic ASA - Advanced Valuation Insights
This section examines the relationship between Norse Atlantic 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 | - |
| Latest Market Cap to Assets Ratio | 0.04 |
| Asset Growth Rate (YoY) | -11.6% |
| Total Assets | $911.79 Million |
| Market Capitalization | $37.57 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norse Atlantic ASA's assets below their book value (0.04 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Norse Atlantic ASA's assets decreased by 11.6% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Norse Atlantic ASA (2021–2025)
The table below shows the annual total assets of Norse Atlantic ASA from 2021 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $911.79 Million | -11.58% |
| 2024-12-31 | $1.03 Billion | -4.80% |
| 2023-12-31 | $1.08 Billion | -0.65% |
| 2022-12-31 | $1.09 Billion | +293.66% |
| 2021-12-31 | $276.95 Million | -- |