Norwegian Air Shuttle ASA
Norwegian Air Shuttle ASA, together with its subsidiaries, provides air travel services in Norway and internationally. It is also involved in aircraft financing, leasing, and ownership; cargo; and other activities. The company was founded in 1993 and is headquartered in Fornebu, Norway.
Norwegian Air Shuttle ASA (NWARF) - Total Assets
Latest total assets as of December 2025: $42.01 Billion USD
Based on the latest financial reports, Norwegian Air Shuttle ASA (NWARF) holds total assets worth $42.01 Billion 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.
Norwegian Air Shuttle ASA - Total Assets Trend (2002–2025)
This chart illustrates how Norwegian Air Shuttle ASA’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norwegian Air Shuttle ASA - Asset Composition Analysis
Current Asset Composition (December 2025)
Norwegian Air Shuttle ASA's total assets of $42.01 Billion consist of 34.5% current assets and 65.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 17.7% |
| Accounts Receivable | $3.89 Billion | 9.3% |
| Inventory | $565.68 Million | 1.4% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2002–2025)
This chart illustrates how Norwegian Air Shuttle 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: Norwegian Air Shuttle ASA's current assets represent 34.5% of total assets in 2025, a decrease from 53.2% in 2002.
- Cash Position: Cash and equivalents constituted 17.7% of total assets in 2025, down from 28.7% in 2002.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 14.0% in 2002.
- Asset Diversification: The largest asset category is accounts receivable at 9.3% of total assets.
Norwegian Air Shuttle ASA Competitors by Total Assets
Key competitors of Norwegian Air Shuttle 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 |
Norwegian Air Shuttle 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 - Norwegian Air Shuttle ASA generates 0.87x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Norwegian Air Shuttle ASA generates $6.44 in net profit.
Norwegian Air Shuttle 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 | 1.03 | 1.16 | 0.46 |
| Quick Ratio | 0.99 | 1.12 | 0.45 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $484.73 Million | $ 2.13 Billion | $ -3.11 Billion |
Norwegian Air Shuttle ASA - Advanced Valuation Insights
This section examines the relationship between Norwegian Air Shuttle 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 | 2.27 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 11.7% |
| Total Assets | $42.01 Billion |
| Market Capitalization | $927.92 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norwegian Air Shuttle ASA's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Norwegian Air Shuttle ASA's assets grew by 11.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Norwegian Air Shuttle ASA (2002–2025)
The table below shows the annual total assets of Norwegian Air Shuttle ASA from 2002 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $42.01 Billion | +11.72% |
| 2024-12-31 | $37.60 Billion | +23.08% |
| 2023-12-31 | $30.55 Billion | +34.76% |
| 2022-12-31 | $22.67 Billion | +20.42% |
| 2021-12-31 | $18.83 Billion | -62.01% |
| 2020-12-31 | $49.55 Billion | -41.94% |
| 2019-12-31 | $85.34 Billion | +52.44% |
| 2018-12-31 | $55.99 Billion | +28.63% |
| 2017-12-31 | $43.52 Billion | +15.25% |
| 2016-12-31 | $37.76 Billion | +19.37% |
| 2015-12-31 | $31.63 Billion | +39.32% |
| 2014-12-31 | $22.71 Billion | +53.81% |
| 2013-12-31 | $14.76 Billion | +23.86% |
| 2012-12-31 | $11.92 Billion | +32.38% |
| 2011-12-31 | $9.00 Billion | +36.00% |
| 2010-12-31 | $6.62 Billion | +31.83% |
| 2009-12-31 | $5.02 Billion | +57.98% |
| 2008-12-31 | $3.18 Billion | +36.37% |
| 2007-12-31 | $2.33 Billion | +119.51% |
| 2006-12-31 | $1.06 Billion | +57.13% |
| 2005-12-31 | $675.82 Million | +48.24% |
| 2004-12-31 | $455.91 Million | -13.08% |
| 2003-12-31 | $524.49 Million | +138.00% |
| 2002-12-31 | $220.37 Million | -- |