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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Norse Atlantic ASA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was kr-1,855 Mil. Norse Atlantic ASA's Total Assets for the quarter that ended in Jun. 2026 was kr8,754 Mil.
Therefore, Norse Atlantic ASA's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was -0.21.
The historical rank and industry rank for Norse Atlantic ASA's Equity-to-Asset or its related term are showing as below:
OSL:NORSE'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.32 Med: -0.13 Max: 1
Current: -0.21
During the past 5 years, the highest Equity to Asset Ratio of Norse Atlantic ASA was 1.00. The lowest was -0.32. And the median was -0.13.
OSL:NORSE's Equity-to-Asset is ranked worse than 97.34% of 1014
companies
in the Transportation industry
Industry Median: 0.5
vs OSL:NORSE: -0.21
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Norse Atlantic ASA Equity-to-Asset Related Terms
Norse Atlantic ASA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Norse Atlantic ASA's Equity-to-Asset 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.
OSL:NORSE vs DAL, UAL, LUV: Equity-to-Asset Comparison
For the Airlines subindustry, Norse Atlantic ASA's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Norse Atlantic ASA Equity-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Norse Atlantic ASA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Norse Atlantic ASA's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Norse Atlantic ASA's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Norse Atlantic ASA (OSL:NORSE) has a Equity-to-Asset of -0.21 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Norse Atlantic ASA and its competitors. According to the industry distribution chart, Norse Atlantic ASA ranks #987 out of 1014 companies in the Transportation industry, placing it in the top 97.3%.
Is Norse Atlantic ASA's Equity-to-Asset too high?
Norse Atlantic ASA's current Equity-to-Asset is -0.21. Based on the distribution chart, Norse Atlantic ASA ranks #987 out of 1014 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Norse Atlantic ASA has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Norse Atlantic ASA's Equity-to-Asset compare to DAL and UAL?
According to the Transportation industry distribution chart, Norse Atlantic ASA ranks #987 out of 1014 companies for Equity-to-Asset. This places Norse Atlantic ASA in the lower half of its industry. The industry median Equity-to-Asset is 0.50. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,014 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Norse Atlantic ASA and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Norse Atlantic ASA's current Equity-to-Asset is -0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Norse Atlantic ASA stock overvalued right now?
Based on GuruFocus' analysis, Norse Atlantic ASA (OSL:NORSE) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.71, compared to a current price of kr0.33 — trading 80.8% below its estimated fair value. The current Equity-to-Asset is -0.21. Norse Atlantic ASA's overall GF Score™ is 31/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Norse Atlantic ASA (OSL:NORSE), the current Equity-to-Asset is -0.21 as of Jun. 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 Norse Atlantic ASA (OSL:NORSE) Overvalued in 2026?
Based on GuruFocus' analysis, Norse Atlantic ASA stock appears to be undervalued.
The current stock price of kr0.33 is trading 80.8% below its estimated GF Value™ of kr1.71.
GuruFocus considers Norse Atlantic ASA to be Possible Value Trap.
Key valuation signals for OSL:NORSE:
Equity-to-Asset: -0.21
GF Value™: kr1.71 vs. price of kr0.33 (80.8% below fair value)
No single metric tells the full story. See the OSL:NORSE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Norse Atlantic ASA is an airline offering affordable fares on direct, long-haul flights to popular destinations, along with specialized charter and ACMI services for tailored travel needs and extensive cargo operations. It operates a modern fleet of various fuel-efficient Boeing 787 Dreamliners, serving a network of destinations across North America, Europe, Africa, and Asia. Norse also provides charter flights for third parties, particularly during the lower-demand winter season. The company derives the majority of its revenue from passenger airfare income, followed by ancillary passenger income, lease rentals, charter income, and other sources. Geographically, it generates maximum revenue from the United States, and the rest from the United Kingdom, the Rest of Europe, Norway, and India.
31GF Score
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