Nuvve Holding (Nuvve Holding) Total Assets : $23.54 Mil (As of Mar. 2024)

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What is Nuvve Holding Total Assets?

Nuvve Holding's Total Assets for the quarter that ended in Mar. 2024 was $23.54 Mil.

During the past 12 months, Nuvve Holding's average Total Assets Growth Rate was -25.60% per year. During the past 3 years, the average Total Assets Growth Rate was 58.50% per year.

During the past 4 years, Nuvve Holding's highest 3-Year average Total Assets Growth Rate was 58.50%. The lowest was 58.50%. And the median was 58.50%.

Total Assets is connected with ROA %. Nuvve Holding's annualized ROA % for the quarter that ended in Mar. 2024 was -120.73%. Total Assets is also linked to Revenue through Asset Turnover. Nuvve Holding's Asset Turnover for the quarter that ended in Mar. 2024 was 0.03.

Nuvve Holding Total Assets Historical Data

The historical data trend for Nuvve Holding'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.

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Nuvve Holding Total Assets Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

7.16

52.92

41.20

20.95

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial												36.37	33.29	34.46	20.95	23.54

Nuvve Holding 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.

Nuvve Holding'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 )
	=	6.99	+	13.96
	=	20.95

Nuvve Holding's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	6.08	+	17.456
	=	23.54

Nuvve Holding (NAS:NVVEW) Total Assets Explanation

Total Assets is connected with ROA %.

Nuvve Holding's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-26.856	/	( (20.951	+	23.537)	/ 2 )
	=	-26.856	/	22.244
	=	-120.73 %

Note: The Net Income data used here is four times the quarterly (Mar. 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.

Nuvve Holding's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	0.696	/	( (20.951	+	23.537)	/ 2 )
=	0.696	/	22.244
=	0.03

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.

Nuvve Holding Total Assets Related Terms

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Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVEW) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

NVVE:USA

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.