Nordhealth AS (OSL:NORDH) Total Assets : kr1,066.0 Mil (As of Mar. 2024)

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What is Nordhealth AS Total Assets?

Nordhealth AS's Total Assets for the quarter that ended in Mar. 2024 was kr1,066.0 Mil.

During the past 12 months, Nordhealth AS's average Total Assets Growth Rate was -2.10% per year. During the past 3 years, the average Total Assets Growth Rate was 102.50% per year.

During the past 4 years, Nordhealth AS's highest 3-Year average Total Assets Growth Rate was 102.50%. The lowest was 102.50%. And the median was 102.50%.

Total Assets is connected with ROA %. Nordhealth AS's annualized ROA % for the quarter that ended in Mar. 2024 was -10.72%. Total Assets is also linked to Revenue through Asset Turnover. Nordhealth AS's Asset Turnover for the quarter that ended in Mar. 2024 was 0.11.

Nordhealth AS Total Assets Historical Data

The historical data trend for Nordhealth AS'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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Nordhealth AS Total Assets Chart

Nordhealth AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Total Assets

136.62

1,269.81

1,202.52

1,057.66

Nordhealth AS Quarterly Data
	Jun20	Sep20	Dec20	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Assets	Get a 7-Day Free Trial										1,183.63	1,189.70	1,123.54	1,057.66	1,065.95

Nordhealth AS 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.

Nordhealth AS'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 )
	=	952.161	+	105.494
	=	1,057.7

Nordhealth AS'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 )
	=	909.169	+	156.782
	=	1,066.0

Nordhealth AS (OSL:NORDH) Total Assets Explanation

Total Assets is connected with ROA %.

Nordhealth AS'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 )
	=	-113.872	/	( (1057.655	+	1065.951)	/ 2 )
	=	-113.872	/	1061.803
	=	-10.72 %

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.

Nordhealth AS'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 )
=	117.045	/	( (1057.655	+	1065.951)	/ 2 )
=	117.045	/	1061.803
=	0.11

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.

Nordhealth AS Total Assets Related Terms

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Nordhealth AS (OSL:NORDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nordhealth AS (OSL:NORDH) » Definitions » Total Assets

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Traded in Other Exchanges

6E5:Germany

Address

Strandveien 50, Lysaker, Oslo, NOR, 1366

Website

https://www.nordhealth.com

Nordhealth AS is a cloud-based healthcare Software-as-a-Service business. Its flagship products are Provet Cloud and EasyPractice, both leading cloud-based Practice Management Software for veterinarians and therapists, respectively. It builds software that empowers healthcare professionals to improve patient care, increase efficiency and expand their business.

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