Norcod AS (FRA:NO9) Accounts Payable: €6.62 Mil (As of Mar. 2026)

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FRA:NO9 Norcod AS FRA:NO9
48 GF Score
Price €0.97
GF Value €0.56
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Norcod AS Accounts Payable?

Norcod AS FRA:NO9 -5.56% 48 Accounts Payable is €6.62 Mil as of Mar. 2026. GuruFocus rates FRA:NO9 with a GF Score™ of 48/100 and a GF Value™ of €0.56 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Norcod AS's Accounts Payable for the quarter that ended in Mar. 2026 was €6.62 Mil.

Norcod AS's quarterly Accounts Payable declined from Sep. 2025 (€6.42 Mil) to Dec. 2025 (€4.37 Mil) but then increased from Dec. 2025 (€4.37 Mil) to Mar. 2026 (€6.62 Mil).

Norcod AS's annual Accounts Payable declined from Dec. 2023 (€11.81 Mil) to Dec. 2024 (€10.21 Mil) and declined from Dec. 2024 (€10.21 Mil) to Dec. 2025 (€4.37 Mil).

Norcod AS Accounts Payable Historical Data

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The historical data trend for Norcod AS's Accounts Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Norcod AS Accounts Payable Chart

Norcod AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Payable
Get a 7-Day Free Trial 8.69 10.92 11.81 10.21 4.37

Norcod AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.45 3.99 6.42 4.37 6.62
FRA:NO9
48GF Score
Norcod AS FRA:NO9
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Norcod AS Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of €6.62 Mil mean?
Norcod AS (FRA:NO9) has a Accounts Payable of €6.62 Mil as of Mar. 2026. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Norcod AS and its competitors.
Is Norcod AS's Accounts Payable too high?
Norcod AS's current Accounts Payable is €6.62 Mil. Overall, Norcod AS has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Norcod AS's Accounts Payable compare to ADM and BG?
Norcod AS's Accounts Payable of €6.62 Mil can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Consumer Packaged Goods company?
A good Accounts Payable depends on the Consumer Packaged Goods industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Norcod AS and its competitors. Norcod AS's current Accounts Payable is €6.62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norcod AS stock overvalued right now?
Based on GuruFocus' analysis, Norcod AS (FRA:NO9) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.56, compared to a current price of €0.97 — trading 72.9% above its estimated fair value. The current Accounts Payable is €6.62 Mil. Norcod AS's overall GF Score™ is 48/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Norcod AS (FRA:NO9), the current Accounts Payable is €6.62 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Norcod AS (FRA:NO9) Overvalued in 2026?

Based on GuruFocus' analysis, Norcod AS stock appears to be overvalued. The current stock price of €0.97 is trading 72.9% above its estimated GF Value™ of €0.56. GuruFocus considers Norcod AS to be Significantly Overvalued.

Key valuation signals for FRA:NO9:

  • Accounts Payable: €6.62 Mil
  • GF Value™: €0.56 vs. price of €0.97 (72.9% above fair value)
  • GF Score™: 48/100 with 7 warning signs

No single metric tells the full story. See the FRA:NO9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Norcod AS Business Description

Other Exchanges NCOD:Norway
Address Thomas Angells Gate 22, Trondheim, NOR, 7011
Norcod AS is engaged in the business of commercial farming and selling Atlantic cod in marine facilities. The company serves customers world-wide. Its production is based in its natural cold-water habitat along the coast of Central and Northern Norway. The company's operating revenue is derived mainly from the sale of cod. The company has two operating segments: Farming, Includes activities related to fish farming operations from juvenile to harvest-ready biomass and sale of cod and liver in Norway and for export through the sales agent Sirena Group; and Harvesting, Includes harvesting activities, where farming generates maximum revenue.
48GF Score

Get the complete analysis for FRA:NO9

Accounts Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.97
Price
€0.56
GF Value