Fortnox AB (FNOX) - Total Assets
Based on the latest financial reports, Fortnox AB (FNOX) holds total assets worth Skr3.62 Billion SEK (≈ $389.03 Million USD) as of March 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. Check FNOX total capital reinvestment ratio to assess the company's total reinvestment commitment from operating cash flow.
Fortnox AB - Total Assets Trend (2008–2024)
This chart illustrates how Fortnox AB's total assets have evolved over time, based on quarterly financial data. Check FNOX cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
Fortnox AB - Asset Composition Analysis
Current Asset Composition (December 2024)
Fortnox AB's total assets of Skr3.62 Billion consist of 52.8% current assets and 47.2% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr0.00 | 23.9% |
| Accounts Receivable | Skr949.00 Million | 27.9% |
| Inventory | Skr0.00 | 0.0% |
| Property, Plant & Equipment | Skr0.00 | 0.0% |
| Intangible Assets | Skr555.00 Million | 16.3% |
| Goodwill | Skr485.00 Million | 14.3% |
Asset Composition Trend (2008–2024)
This chart illustrates how Fortnox AB'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 how much is Fortnox AB worth.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Fortnox AB's current assets represent 52.8% of total assets in 2024, an increase from 32.4% in 2008.
- Cash Position: Cash and equivalents constituted 23.9% of total assets in 2024, up from 4.5% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 30.0% of total assets, an increase from 0.0% in 2008.
- Asset Diversification: The largest asset category is accounts receivable at 27.9% of total assets.
Fortnox AB Competitors by Total Assets
Key competitors of Fortnox AB based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Technology One Ltd
AU:TNE
|
Australia | AU$891.40 Million |
|
TaTaTu SpA
PA:ALTTU
|
France | €87.76 Million |
|
ZINKA LOGISTICS SOL LTD
NSE:BLACKBUCK
|
India | Rs17.36 Billion |
|
Fujian Boss Software Development Co Ltd
SHE:300525
|
China | CN¥4.27 Billion |
|
Fujian Apex Software Co Ltd
SHG:603383
|
China | CN¥1.84 Billion |
|
Beijing Dataway Horizon Co. Ltd
SHE:301169
|
China | CN¥647.55 Million |
|
Linewell Software Co Ltd
SHG:603636
|
China | CN¥5.51 Billion |
|
Shanghai Baosight Software Co Ltd B
SHG:900926
|
China | $22.90 Billion |
Fortnox AB - 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 | 2.37 | 1.73 | 1.75 |
| Quick Ratio | 2.37 | 0.73 | 1.58 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Skr1.15 Billion | Skr546.00 Million | Skr210.79 Million |
Fortnox AB - Advanced Valuation Insights
This section examines the relationship between Fortnox AB'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 | 21.20 |
| Latest Market Cap to Assets Ratio | 1.73 |
| Asset Growth Rate (YoY) | 28.1% |
| Total Assets | Skr3.40 Billion |
| Market Capitalization | $5.87 Billion USD |
Valuation Analysis
Above Book Valuation: The market values Fortnox AB's assets above their book value (1.73x), reflecting positive investor sentiment about the company's future prospects.
Rapid Asset Growth: Fortnox AB's assets grew by 28.1% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Fortnox AB (2008–2024)
The table below shows the annual total assets of Fortnox AB from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Skr3.40 Billion ≈ $365.46 Million |
+28.05% |
| 2023-12-31 | Skr2.65 Billion ≈ $285.40 Million |
+15.20% |
| 2022-12-31 | Skr2.30 Billion ≈ $247.74 Million |
+16.79% |
| 2021-12-31 | Skr1.97 Billion ≈ $212.13 Million |
+111.63% |
| 2020-12-31 | Skr931.42 Million ≈ $100.24 Million |
+68.61% |
| 2019-12-31 | Skr552.40 Million ≈ $59.45 Million |
+37.45% |
| 2018-12-31 | Skr401.88 Million ≈ $43.25 Million |
+24.37% |
| 2017-12-31 | Skr323.14 Million ≈ $34.77 Million |
+106.42% |
| 2016-12-31 | Skr156.54 Million ≈ $16.85 Million |
+41.74% |
| 2015-12-31 | Skr110.44 Million ≈ $11.89 Million |
+52.24% |
| 2014-12-31 | Skr72.55 Million ≈ $7.81 Million |
+37.33% |
| 2013-12-31 | Skr52.83 Million ≈ $5.69 Million |
+15.75% |
| 2012-12-31 | Skr45.64 Million ≈ $4.91 Million |
+16.83% |
| 2011-12-31 | Skr39.06 Million ≈ $4.20 Million |
+29.14% |
| 2010-12-31 | Skr30.25 Million ≈ $3.26 Million |
+0.31% |
| 2009-12-31 | Skr30.16 Million ≈ $3.25 Million |
+30.75% |
| 2008-12-31 | Skr23.06 Million ≈ $2.48 Million |
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About Fortnox AB
Fortnox AB (publ) provides smart technical products, packages, services, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations in Sweden. The company offers accounting products comprising bookkeeping, bookkeeping approval and review, supplier invoice approval, invoice data capture, fixed assets register, read, and … Read more