Nel ASA
Nel ASA, a hydrogen company, provides solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. It operates in Nel Alkaline Electrolyser and Nel PEM Electrolyser segments. The Nel Alkaline Electrolyser segment supplies hydrogen production equipment based on alkaline water electrolysis technology. The Nel PEM Electrolyser segment supplies hydrogen pr… Read more
Nel ASA (NLLSY) - Total Assets
Latest total assets as of September 2025: $5.86 Billion USD
Based on the latest financial reports, Nel ASA (NLLSY) holds total assets worth $5.86 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.
Nel ASA - Total Assets Trend (2004–2024)
This chart illustrates how Nel ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nel ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Nel ASA's total assets of $5.86 Billion consist of 54.1% current assets and 46.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 29.8% |
| Accounts Receivable | $724.83 Million | 11.5% |
| Inventory | $531.75 Million | 8.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $617.42 Million | 9.8% |
| Goodwill | $411.75 Million | 6.5% |
Asset Composition Trend (2004–2024)
This chart illustrates how Nel 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: Nel ASA's current assets represent 54.1% of total assets in 2024, a decrease from 83.8% in 2004.
- Cash Position: Cash and equivalents constituted 29.8% of total assets in 2024, down from 69.6% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 15.0% of total assets, an increase from 3.0% in 2004.
- Asset Diversification: The largest asset category is accounts receivable at 11.5% of total assets.
Nel ASA Competitors by Total Assets
Key competitors of Nel ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hanil Vacuum Co. Ltd
KQ:123840
|
Korea | ₩115.98 Billion |
|
Ivisionworks Co.,Ltd.
KQ:469750
|
Korea | ₩50.10 Billion |
|
Huayi Compressor Co Ltd
SHE:000404
|
China | CN¥15.16 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
China | CN¥9.63 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
China | CN¥17.38 Billion |
|
Changchai Co Ltd
SHE:000570
|
China | CN¥5.30 Billion |
|
Jiangsu Youli Investment Holding Co Ltd
SHE:000584
|
China | CN¥3.49 Billion |
|
Baota Industry Co Ltd
SHE:000595
|
China | CN¥9.54 Billion |
Nel 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 - Nel ASA generates 0.22x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Nel ASA is currently not profitable relative to its asset base.
Nel 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 | 3.99 | 3.60 | 10.66 |
| Quick Ratio | 2.80 | 3.09 | 10.11 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $2.35 Billion | $ 2.45 Billion | $ 4.16 Billion |
Nel ASA - Advanced Valuation Insights
This section examines the relationship between Nel 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 | 0.84 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -26.7% |
| Total Assets | $6.30 Billion |
| Market Capitalization | $437.45 Million USD |
Valuation Analysis
Below Book Valuation: The market values Nel ASA's assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Nel ASA's assets decreased by 26.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nel ASA (2004–2024)
The table below shows the annual total assets of Nel ASA from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $6.30 Billion | -26.73% |
| 2023-12-31 | $8.60 Billion | +23.79% |
| 2022-12-31 | $6.95 Billion | +15.71% |
| 2021-12-31 | $6.01 Billion | -2.11% |
| 2020-12-31 | $6.14 Billion | +152.47% |
| 2019-12-31 | $2.43 Billion | +25.01% |
| 2018-12-31 | $1.94 Billion | +12.68% |
| 2017-12-31 | $1.73 Billion | +126.20% |
| 2016-12-31 | $762.87 Million | -6.47% |
| 2015-12-31 | $815.65 Million | +241.02% |
| 2014-12-31 | $239.18 Million | +1471.03% |
| 2013-12-31 | $15.22 Million | -42.65% |
| 2012-12-31 | $26.55 Million | -61.30% |
| 2011-12-31 | $68.60 Million | -38.58% |
| 2010-12-31 | $111.70 Million | +140.30% |
| 2009-12-31 | $46.48 Million | +19.50% |
| 2008-12-31 | $38.90 Million | +29.05% |
| 2007-12-31 | $30.14 Million | -11.08% |
| 2006-12-31 | $33.90 Million | +88.78% |
| 2005-12-31 | $17.96 Million | +9.21% |
| 2004-12-31 | $16.44 Million | -- |