Norva24 Group AB
Norva24 Group AB (Publ) provides underground infrastructure maintenance services in Northern Europe. The company offers emptying services, such as emptying septic tanks, sand traps, grease separators, oil, and other masses. It also provides pressure washing services comprising of tank cleaning and high pressure washing. In addition, the company offers pressure testing, leak detection, pipe inspec… Read more
Norva24 Group AB (NORVA) - Total Assets
Latest total assets as of December 2024: Skr5.07 Billion SEK
Based on the latest financial reports, Norva24 Group AB (NORVA) holds total assets worth Skr5.07 Billion SEK as of December 2024.
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.
Norva24 Group AB - Total Assets Trend (2017–2024)
This chart illustrates how Norva24 Group AB’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Norva24 Group AB - Asset Composition Analysis
Current Asset Composition (December 2024)
Norva24 Group AB's total assets of Skr5.07 Billion consist of 22.4% current assets and 77.6% non-current assets.
| Asset Category | Amount (SEK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Skr0.00 | 8.1% |
| Accounts Receivable | Skr480.30 Million | 9.5% |
| Inventory | Skr18.70 Million | 0.4% |
| Property, Plant & Equipment | Skr0.00 | 0.0% |
| Intangible Assets | Skr187.80 Million | 3.7% |
| Goodwill | Skr2.07 Billion | 40.9% |
Asset Composition Trend (2017–2024)
This chart illustrates how Norva24 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Norva24 Group AB's current assets represent 22.4% of total assets in 2024, an increase from 17.7% in 2017.
- Cash Position: Cash and equivalents constituted 8.1% of total assets in 2024, up from 3.8% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 43.0% of total assets, an increase from 42.0% in 2017.
- Asset Diversification: The largest asset category is goodwill at 40.9% of total assets.
Norva24 Group AB Competitors by Total Assets
Key competitors of Norva24 Group AB based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
| No similar companies found. | ||
Norva24 Group 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
Strong asset utilization - Norva24 Group AB generates 0.72x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Norva24 Group AB generates $ 3.49 in net profit.
Norva24 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 | 1.26 | 1.15 | 0.85 |
| Quick Ratio | 1.24 | 1.13 | 0.85 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Skr233.50 Million | Skr 121.40 Million | Skr -84.00 Million |
Norva24 Group AB - Advanced Valuation Insights
This section examines the relationship between Norva24 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 | 3.03 |
| Latest Market Cap to Assets Ratio | 0.10 |
| Asset Growth Rate (YoY) | 20.4% |
| Total Assets | Skr5.07 Billion |
| Market Capitalization | $523.05 Million USD |
Valuation Analysis
Below Book Valuation: The market values Norva24 Group AB's assets below their book value (0.10 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Norva24 Group AB's assets grew by 20.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Norva24 Group AB (2017–2024)
The table below shows the annual total assets of Norva24 Group AB from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Skr5.07 Billion | +20.43% |
| 2023-12-31 | Skr4.21 Billion | +16.59% |
| 2022-12-31 | Skr3.61 Billion | +11.87% |
| 2021-12-31 | Skr3.23 Billion | +26.75% |
| 2020-12-31 | Skr2.54 Billion | +33.25% |
| 2019-12-31 | Skr1.91 Billion | +47.84% |
| 2018-12-31 | Skr1.29 Billion | +0.91% |
| 2017-12-31 | Skr1.28 Billion | -- |