Thales S.A. (HO) - Total Assets
Based on the latest financial reports, Thales S.A. (HO) holds total assets worth €38.89 Billion EUR (≈ $45.46 Billion 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 HO cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
Thales S.A. - Total Assets Trend (2001–2024)
This chart illustrates how Thales S.A.'s total assets have evolved over time, based on quarterly financial data. See Thales S.A. book value and equity for net asset value and shareholders' equity analysis.
Thales S.A. - Asset Composition Analysis
Current Asset Composition (December 2024)
Thales S.A.'s total assets of €38.89 Billion consist of 52.3% current assets and 47.7% non-current assets.
| Asset Category | Amount (EUR) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | €0.00 | 11.9% |
| Accounts Receivable | €10.16 Billion | 25.4% |
| Inventory | €5.83 Billion | 14.6% |
| Property, Plant & Equipment | €0.00 | 0.0% |
| Intangible Assets | €2.53 Billion | 6.3% |
| Goodwill | €8.90 Billion | 22.3% |
Asset Composition Trend (2001–2024)
This chart illustrates how Thales S.A.'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 HO market cap.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Thales S.A.'s current assets represent 52.3% of total assets in 2024, a decrease from 73.6% in 2001.
- Cash Position: Cash and equivalents constituted 11.9% of total assets in 2024, up from 8.7% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 28.0% of total assets, an increase from 13.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 25.4% of total assets.
Thales S.A. Competitors by Total Assets
Key competitors of Thales S.A. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
ROLLS ROYCE H.ADR/ LS-20
F:RRU1
|
Germany | €38.12 Billion |
|
AVIC (Chengdu) UAS Co. Ltd. A
SHG:688297
|
China | CN¥9.28 Billion |
|
Veem Ltd
AU:VEE
|
Australia | AU$97.22 Million |
|
Droneshield Ltd
AU:DRO
|
Australia | AU$353.48 Million |
|
Inner Mongolia First Machinery Group Co Ltd
SHG:600967
|
China | CN¥22.51 Billion |
|
Electro Optic Systems Holdings Ltd
AU:EOS
|
Australia | AU$374.74 Million |
|
Austal Ltd
AU:ASB
|
Australia | AU$3.01 Billion |
|
Jiangxi Xinyu Guoke Technology Co Ltd Class A
SHE:300722
|
China | CN¥898.05 Million |
Thales S.A. - 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 | 0.82 | 0.84 | 0.96 |
| Quick Ratio | 0.61 | 0.59 | 0.73 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | €-4.51 Billion | €-3.67 Billion | €-696.40 Million |
Thales S.A. - Advanced Valuation Insights
This section examines the relationship between Thales S.A.'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 | 7.80 |
| Latest Market Cap to Assets Ratio | 1.28 |
| Asset Growth Rate (YoY) | 3.1% |
| Total Assets | €39.99 Billion |
| Market Capitalization | $51.35 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Thales S.A.'s assets above their book value (1.28x), reflecting positive investor sentiment about the company's future prospects.
Positive Asset Growth: Thales S.A.'s assets grew by 3.1% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Thales S.A. (2001–2024)
The table below shows the annual total assets of Thales S.A. from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | €39.99 Billion ≈ $46.75 Billion |
+3.10% |
| 2023-12-31 | €38.79 Billion ≈ $45.34 Billion |
+12.68% |
| 2022-12-31 | €34.42 Billion ≈ $40.24 Billion |
+4.81% |
| 2021-12-31 | €32.84 Billion ≈ $38.39 Billion |
+3.25% |
| 2020-12-31 | €31.81 Billion ≈ $37.19 Billion |
+1.87% |
| 2019-12-31 | €31.22 Billion ≈ $36.50 Billion |
+22.42% |
| 2018-12-31 | €25.51 Billion ≈ $29.82 Billion |
+9.32% |
| 2017-12-31 | €23.33 Billion ≈ $27.28 Billion |
+2.83% |
| 2016-12-31 | €22.69 Billion ≈ $26.53 Billion |
+5.24% |
| 2015-12-31 | €21.56 Billion ≈ $25.21 Billion |
+7.85% |
| 2014-12-31 | €19.99 Billion ≈ $23.37 Billion |
-7.00% |
| 2013-12-31 | €21.49 Billion ≈ $25.13 Billion |
+0.76% |
| 2012-12-31 | €21.33 Billion ≈ $24.94 Billion |
+1.22% |
| 2011-12-31 | €21.08 Billion ≈ $24.64 Billion |
+10.80% |
| 2010-12-31 | €19.02 Billion ≈ $22.24 Billion |
+5.62% |
| 2009-12-31 | €18.01 Billion ≈ $21.05 Billion |
+0.40% |
| 2008-12-31 | €17.94 Billion ≈ $20.97 Billion |
+1.35% |
| 2007-12-31 | €17.70 Billion ≈ $20.69 Billion |
+17.81% |
| 2006-12-31 | €15.02 Billion ≈ $17.56 Billion |
+8.17% |
| 2005-12-31 | €13.89 Billion ≈ $16.24 Billion |
+2.86% |
| 2004-12-31 | €13.50 Billion ≈ $15.78 Billion |
-26.43% |
| 2003-12-31 | €18.35 Billion ≈ $21.45 Billion |
+0.78% |
| 2002-12-31 | €18.21 Billion ≈ $21.29 Billion |
-5.91% |
| 2001-12-31 | €19.35 Billion ≈ $22.62 Billion |
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About Thales S.A.
Thales S.A. provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide. The company offers advance air defence systems, combat systems, defence onboard electronics c4isr solutions, command and control solutions, mission and surveillance systems, airborne optronics, and airspace protection solutions; collaborative combat, intell… Read more