Fragbite Group AB (FRAG) - Total Assets
Based on the latest financial reports, Fragbite Group AB (FRAG) holds total assets worth Skr114.75 Million SEK (≈ $12.35 Million USD) as of September 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 FRAG cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Fragbite Group AB - Total Assets Trend (2018–2024)
This chart illustrates how Fragbite Group AB's total assets have evolved over time, based on quarterly financial data. Check FRAG operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Fragbite Group AB - Asset Composition Analysis
Current Asset Composition (December 2024)
Fragbite Group AB's total assets of Skr114.75 Million consist of 23.5% current assets and 76.5% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr0.00 | 4.9% |
| Accounts Receivable | Skr5.20 Million | 2.7% |
| Inventory | Skr0.00 | 0.0% |
| Property, Plant & Equipment | Skr0.00 | 0.0% |
| Intangible Assets | Skr47.42 Million | 24.6% |
| Goodwill | Skr99.06 Million | 51.3% |
Asset Composition Trend (2018–2024)
This chart illustrates how Fragbite Group 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 Fragbite Group AB market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Fragbite Group AB's current assets represent 23.5% of total assets in 2024, a decrease from 26.9% in 2018.
- Cash Position: Cash and equivalents constituted 4.9% of total assets in 2024, down from 20.7% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 75.0% of total assets, an increase from 0.0% in 2018.
- Asset Diversification: The largest asset category is goodwill at 51.3% of total assets.
Fragbite Group AB Competitors by Total Assets
Key competitors of Fragbite Group AB based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Giant Network Group Co Ltd
SHE:002558
|
China | CN¥18.19 Billion |
|
NCsoft Corp
KO:036570
|
Korea | ₩4.33 Trillion |
|
Hangzhou Electn Soul Network
SHG:603258
|
China | CN¥2.48 Billion |
|
Devsisters corporation
KQ:194480
|
Korea | ₩322.33 Billion |
|
Cornerstone OnDemand Inc
F:8CO
|
Germany | €193.11 Million |
|
KB No4 SPAC
KQ:205500
|
Korea | ₩74.00 Billion |
|
TINYBUILD REGSCAT3 DL-001
F:8Z3
|
Germany | €46.49 Million |
|
Flexion Mobile PLC
ST:FLEXM
|
Sweden | Skr487.02 Million |
Fragbite Group 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 | 0.39 | 0.48 | 1.63 |
| Quick Ratio | 0.39 | 0.48 | 1.74 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Skr-73.92 Million | Skr-48.31 Million | Skr2.92 Million |
Fragbite Group AB - Advanced Valuation Insights
This section examines the relationship between Fragbite Group 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 | 1.66 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | -80.4% |
| Total Assets | Skr193.06 Million |
| Market Capitalization | $4.04 Million USD |
Valuation Analysis
Below Book Valuation: The market values Fragbite Group AB's assets below their book value (0.02x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Fragbite Group AB's assets decreased by 80.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Fragbite Group AB (2018–2024)
The table below shows the annual total assets of Fragbite Group AB from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Skr193.06 Million ≈ $20.78 Million |
-80.39% |
| 2023-12-31 | Skr984.52 Million ≈ $105.95 Million |
+157.05% |
| 2022-12-31 | Skr383.00 Million ≈ $41.22 Million |
+25.88% |
| 2021-12-31 | Skr304.26 Million ≈ $32.74 Million |
+321.08% |
| 2020-12-31 | Skr72.26 Million ≈ $7.78 Million |
+229.09% |
| 2019-12-31 | Skr21.96 Million ≈ $2.36 Million |
-62.69% |
| 2018-12-31 | Skr58.85 Million ≈ $6.33 Million |
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About Fragbite Group AB
Fragbite Group AB (publ) develops and publishes games and esports content for the GAMING, ESPORTS, and WEB3 markets in the Nordic region. It develops various platforms, such as PC, mobile, and console and modern web3 platforms built on blockchain technology. The company was formerly known as FunRock AB and changed its name to Fragbite Group AB (publ) in June 2021. The company was founded in 2002 … Read more