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.
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. Also see how much is Fortnox AB worth for the company's overall valuation and market capitalisation.
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. Review FNOX total debt and obligations to assess the company's total debt and financial obligations.
| 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. See Fortnox AB (FNOX) share price today for real-time trading data and today's change.
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 |
|---|---|---|
|
Securitize Corp.
NYSE:SECZ
|
USA | $135.09 Million |
|
Fujian Boss Software Development Co Ltd
SHE:300525
|
China | CN¥4.27 Billion |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
China | CN¥905.64 Million |
|
Yuanbao Inc. American Depositary Shares
NASDAQ:YB
|
USA | $5.46 Billion |
|
Crunchfish AB
ST:CFISH
|
Sweden | Skr51.17 Million |
|
Victor Group Holdings Ltd
AU:VIG
|
Australia | AU$17.91 Million |
|
China TransInfo Technology Co Ltd
SHE:002373
|
China | CN¥17.94 Billion |
|
Xref Ltd
AU:XF1
|
Australia | AU$17.15 Million |
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