Norsk Hydro ASA Stock
Pros and Cons of Norsk Hydro ASA in the next few years
Performance of Norsk Hydro ASA vs. its peers
|Norsk Hydro ASA||-0.750%||-4.006%||3.381%||-24.710%||-23.848%||43.203%||31.358%|
|Norsk Hydro ADR||-3.740%||-0.962%||3.000%||-29.452%||-26.429%||43.855%||29.073%|
|Martin Marietta Materials||0.070%||1.537%||3.097%||28.719%||37.268%||98.227%||155.208%|
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In general, the financials of Norsk Hydro (US symbol: NHYKF), a leading company in the Metals & Mining industry, paint a picture of a company that has experienced steady growth throughout the years. The financial statements provided exhibit increases in assets and revenues, a respectable net income, and a growing cash and cash equivalents balance. Nevertheless, a detailed examination of the financials can provide a better understanding of the company's strengths and weaknesses.
Growth in Assets and Revenue: Norsk Hydro's total assets grew from NOK 164.4 billion in 2020 to NOK 211.4 billion in Q1 2023. This consistent increase in assets signifies the company's ability to generate value for its shareholders. Furthermore, the total revenue of the company has also experienced growth from NOK 138.1 billion in 2020 to NOK 48.5 billion for Q1 2023 alone, indicating a strong demand for the company's products and services.