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Nord Insuretech Group AB (NGM:NORDIG) Total Assets : kr99.70 Mil (As of Jun. 2024)


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What is Nord Insuretech Group AB Total Assets?

Nord Insuretech Group AB's Total Assets for the quarter that ended in Jun. 2024 was kr99.70 Mil.

During the past 12 months, Nord Insuretech Group AB's average Total Assets Growth Rate was 76.20% per year. During the past 3 years, the average Total Assets Growth Rate was 45.00% per year.

During the past 6 years, Nord Insuretech Group AB's highest 3-Year average Total Assets Growth Rate was 45.00%. The lowest was -50.30%. And the median was -2.65%.

Total Assets is connected with ROA %. Nord Insuretech Group AB's annualized ROA % for the quarter that ended in Jun. 2024 was -37.59%. Total Assets is also linked to Revenue through Asset Turnover. Nord Insuretech Group AB's Asset Turnover for the quarter that ended in Jun. 2024 was 0.02.

Nord Insuretech Group AB Total Assets Historical Data

The historical data trend for Nord Insuretech Group AB's Total Assets 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.

* Premium members only.

Nord Insuretech Group AB Total Assets Chart

Nord Insuretech Group AB Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 347.81 38.88 50.03 43.16 113.99

Nord Insuretech Group AB Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.96 43.16 56.50 113.99 99.70

Nord Insuretech Group AB Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Nord Insuretech Group AB's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=42.865+71.126
=113.99

Nord Insuretech Group AB's Total Assets for the quarter that ended in Jun. 2024 is calculated as

Total Assets=Total Equity (Q: Jun. 2024 )+Total Liabilities (Q: Jun. 2024 )
=20.892+78.806
=99.70

* 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.

Nord Insuretech Group AB  (NGM:NORDIG) Total Assets Explanation

Total Assets is connected with ROA %.

Nord Insuretech Group AB's annualized ROA % for the quarter that ended in Jun. 2024 is

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-40.16/( (113.991+99.698)/ 2 )
=-40.16/106.8445
=-37.59 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Nord Insuretech Group AB's Asset Turnover for the quarter that ended in Jun. 2024 is

Asset Turnover
=Revenue (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=2.31/( (113.991+99.698)/ 2 )
=2.31/106.8445
=0.02

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Nord Insuretech Group AB Total Assets Related Terms

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Nord Insuretech Group AB Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Nord Insuretech Group AB (NGM:NORDIG) » Definitions » Total Assets
Comparable Companies
Traded in Other Exchanges
N/A
Address
Industrigatan 4A, Stockholm, SWE, 112 46
Website
https://www.nordinsuretechgroup.se
Nord Insuretech Group AB is a operator of digital platform. It delivers next-generation integrated insurance in the Nordic region. The company distributes its services through partners who can then sell various insurance products to end customers through the company's digital platform.

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