QNB Corp
QNB Corp. operates as the bank holding company for QNB Bank that engages in the provision of commercial and retail banking products, and retail brokerage services. It offers various deposit products, which include demand and savings accounts, such as money market, interest-bearing demand, club, traditional statement savings, and online savings accounts; and time deposits comprising certificates o… Read more
QNB Corp (QNBC) - Total Assets
Latest total assets as of September 2024: $1.84 Billion USD
Based on the latest financial reports, QNB Corp (QNBC) holds total assets worth $1.84 Billion USD as of September 2024.
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.
QNB Corp - Total Assets Trend (1995–2023)
This chart illustrates how QNB Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
QNB Corp - Asset Composition Analysis
Current Asset Composition (December 2023)
QNB Corp's total assets of $1.84 Billion consist of 4.0% current assets and 96.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.7% |
| Accounts Receivable | $6.10 Million | 0.4% |
| Inventory | $56.56 Million | 3.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $469.00K | 0.0% |
| Goodwill | $-34.71 Million | -2.0% |
Asset Composition Trend (1995–2023)
This chart illustrates how QNB Corp'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: QNB Corp's current assets represent 4.0% of total assets in 2023, an increase from 0.0% in 1995.
- Cash Position: Cash and equivalents constituted 3.7% of total assets in 2023, up from 0.0% in 1995.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up -2.0% of total assets, a decrease from 0.0% in 1995.
- Asset Diversification: The largest asset category is inventory at 3.3% of total assets.
QNB Corp Competitors by Total Assets
Key competitors of QNB Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
QNB Corp - 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 - QNB Corp generates 0.03x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, QNB Corp generates $ 0.56 in net profit.
QNB Corp - 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 | 42.81 | 11.06 | 0.31 |
| Quick Ratio | 85.62 | 0.81 | 0.31 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.16 Billion | $ 972.94 Million | $ -38.32 Million |
QNB Corp - Advanced Valuation Insights
This section examines the relationship between QNB Corp'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 | 1.15 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | 2.3% |
| Total Assets | $1.71 Billion |
| Market Capitalization | $91.01 Million USD |
Valuation Analysis
Below Book Valuation: The market values QNB Corp's assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: QNB Corp's assets grew by 2.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for QNB Corp (1995–2023)
The table below shows the annual total assets of QNB Corp from 1995 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $1.71 Billion | +2.27% |
| 2022-12-31 | $1.67 Billion | -0.29% |
| 2021-12-31 | $1.67 Billion | +16.19% |
| 2020-12-31 | $1.44 Billion | +17.57% |
| 2019-12-31 | $1.23 Billion | +4.22% |
| 2018-12-31 | $1.18 Billion | +2.01% |
| 2017-12-31 | $1.15 Billion | +8.39% |
| 2016-12-31 | $1.06 Billion | +4.13% |
| 2015-12-31 | $1.02 Billion | +4.48% |
| 2014-12-31 | $977.13 Million | +4.74% |
| 2013-12-31 | $932.88 Million | +1.41% |
| 2012-12-31 | $919.87 Million | +5.88% |
| 2011-12-31 | $868.80 Million | +7.36% |
| 2010-12-31 | $809.26 Million | +6.14% |
| 2009-12-31 | $762.43 Million | +14.76% |
| 2008-12-31 | $664.39 Million | +8.95% |
| 2007-12-31 | $609.81 Million | -0.77% |
| 2006-12-31 | $614.54 Million | +5.55% |
| 2005-12-31 | $582.21 Million | -0.25% |
| 2004-12-31 | $583.64 Million | +5.96% |
| 2003-12-31 | $550.83 Million | +9.42% |
| 2002-12-31 | $503.43 Million | +11.56% |
| 2001-12-31 | $451.27 Million | +21.42% |
| 2000-12-31 | $371.67 Million | +6.04% |
| 1999-12-31 | $350.50 Million | +7.96% |
| 1998-12-31 | $324.67 Million | +6.18% |
| 1997-12-31 | $305.77 Million | +9.03% |
| 1996-12-31 | $280.45 Million | +1340212.56% |
| 1995-12-31 | $20.92K | -- |