Fortnox AB Total Assets
Fortnox AB 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. Also see market cap of Fortnox AB for the company's overall valuation and market capitalisation.
Total Assets of Fortnox AB (2008–2024)
Total assets of Fortnox AB from 2008 to 2024. This chart illustrates how Fortnox AB's total assets have evolved over time, based on quarterly financial data. See FNOX stock price for real-time trading data and today's change.
Fortnox AB - Asset Composition Analysis
Fortnox AB Total Assets Breakdown (December 2024)
Fortnox AB total assets breakdown as of 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. Explore FNOX current assets to equity ratio to assess how much short-term liquidity the company maintains relative to its equity base.
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 |
|---|---|---|
|
Xero Ltd
AU:XRO
|
Australia | AU$6.10 Billion |
|
Duolingo Inc
NASDAQ:DUOL
|
USA | $2.07 Billion |
|
Shenzhen Fortune Trend Technology Co Ltd
SHG:688318
|
China | CN¥4.04 Billion |
|
Wealthfront Corporation Common Stock
NASDAQ:WLTH
|
USA | $1.78 Billion |
|
Securitize Corp.
NYSE:SECZ
|
USA | $135.09 Million |
|
Hangzhou Raycloud Technology Co Ltd
SHG:688365
|
China | CN¥1.78 Billion |
|
AGORA INC. SP.ADS/4 CL.A
F:9AG1
|
Germany | €724.18 Million |
|
ButOne Information Corp XiAn
SHG:600455
|
China | CN¥1.43 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