Minesto AB
Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan. The company offers kite system turbines, which produces electricity from tidal streams and ocean currents. It also provides site development, operations, and maintenance services. Minesto AB (publ) was incorporated in 2007 and is headquartered… Read more
Minesto AB (MINEST) - Total Assets
Latest total assets as of September 2025: Skr599.80 Million SEK
Based on the latest financial reports, Minesto AB (MINEST) holds total assets worth Skr599.80 Million SEK 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.
Minesto AB - Total Assets Trend (2013–2024)
This chart illustrates how Minesto AB’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Minesto AB - Asset Composition Analysis
Current Asset Composition (December 2024)
Minesto AB's total assets of Skr599.80 Million consist of 6.9% current assets and 93.1% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr34.89 Million | 6.0% |
| Accounts Receivable | Skr3.11 Million | 0.5% |
| Inventory | Skr0.00 | 0.0% |
| Property, Plant & Equipment | Skr587.00K | 0.1% |
| Intangible Assets | Skr544.92 Million | 93.0% |
| Goodwill | Skr0.00 | 0.0% |
Asset Composition Trend (2013–2024)
This chart illustrates how Minesto 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Minesto AB's current assets represent 6.9% of total assets in 2024, an increase from 2.6% in 2013.
- Cash Position: Cash and equivalents constituted 6.0% of total assets in 2024, up from 1.6% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 92.0% of total assets, an increase from 80.0% in 2013.
- Asset Diversification: The largest asset category is intangible assets at 93.0% of total assets.
Minesto AB Competitors by Total Assets
Key competitors of Minesto AB based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
China | CN¥23.04 Billion |
|
Tianjin Guangyu Development Co Ltd
SHE:000537
|
China | CN¥94.26 Billion |
|
CECEP Solar Energy Co Ltd
SHE:000591
|
China | CN¥52.84 Billion |
|
GEPIC Energy Development Co Ltd
SHE:000791
|
China | CN¥38.52 Billion |
|
Tieling Newcity Investment Holding Ltd
SHE:000809
|
China | CN¥2.91 Billion |
|
Hubei Energy Group Co Ltd
SHE:000883
|
China | CN¥95.95 Billion |
|
Fujian MinDong Electric Power Co Ltd
SHE:000993
|
China | CN¥3.76 Billion |
|
Xinjiang Lixin Energy Co. Ltd. A
SHE:001258
|
China | CN¥16.78 Billion |
Minesto AB - 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 - Minesto AB generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Minesto AB is currently not profitable relative to its asset base.
Minesto 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 | 1.01 | 3.83 | 5.50 |
| Quick Ratio | 1.01 | 4.17 | 5.50 |
| Cash Ratio | 0.87 | 3.48 | 0.00 |
| Working Capital | Skr330.00K | Skr 61.80 Million | Skr 140.53 Million |
Minesto AB - Advanced Valuation Insights
This section examines the relationship between Minesto 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 | 0.28 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 6.2% |
| Total Assets | Skr586.19 Million |
| Market Capitalization | $10.33 Million USD |
Valuation Analysis
Below Book Valuation: The market values Minesto AB's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Minesto AB's assets grew by 6.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Minesto AB (2013–2024)
The table below shows the annual total assets of Minesto AB from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Skr586.19 Million | +6.17% |
| 2023-12-31 | Skr552.14 Million | +13.57% |
| 2022-12-31 | Skr486.18 Million | -13.11% |
| 2021-12-31 | Skr559.50 Million | +30.08% |
| 2020-12-31 | Skr430.14 Million | +0.37% |
| 2019-12-31 | Skr428.57 Million | +32.05% |
| 2018-12-31 | Skr324.55 Million | +14.98% |
| 2017-12-31 | Skr282.27 Million | +29.58% |
| 2016-12-31 | Skr217.83 Million | +0.01% |
| 2015-12-31 | Skr217.81 Million | +136.90% |
| 2014-12-31 | Skr91.94 Million | +31.38% |
| 2013-12-31 | Skr69.98 Million | -- |