EURODRY LTD. DL -01 (0LQ) - Net Assets
Based on the latest financial reports, EURODRY LTD. DL -01 (0LQ) has net assets worth €102.51 Million EUR (≈ $119.84 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€212.10 Million ≈ $247.97 Million USD) and total liabilities (€109.59 Million ≈ $128.13 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how large is EURODRY LTD. DL -01's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €102.51 Million |
| % of Total Assets | 48.33% |
| Annual Growth Rate | 6.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 21.41 |
EURODRY LTD. DL -01 - Net Assets Trend (2021–2025)
This chart illustrates how EURODRY LTD. DL -01's net assets have evolved over time, based on quarterly financial data. Check EURODRY LTD. DL -01 tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for EURODRY LTD. DL -01 (2021–2025)
The table below shows the annual net assets of EURODRY LTD. DL -01 from 2021 to 2025. For live valuation and market cap data, see how much is EURODRY LTD. DL -01 worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €102.51 Million ≈ $119.84 Million |
-2.92% |
| 2024-12-31 | €105.59 Million ≈ $123.45 Million |
-11.59% |
| 2023-12-31 | €119.43 Million ≈ $139.62 Million |
+4.82% |
| 2022-12-31 | €113.94 Million ≈ $133.21 Million |
+44.37% |
| 2021-12-31 | €78.92 Million ≈ $92.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to EURODRY LTD. DL -01's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 125.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €24.69 Million | 26.47% |
| Other Components | €68.58 Million | 73.53% |
| Total Equity | €93.27 Million | 100.00% |
EURODRY LTD. DL -01 Competitors by Market Cap
The table below lists competitors of EURODRY LTD. DL -01 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lesico Ltd
TA:LSCO
|
$52.61 Million |
|
Toivo Group Oyj
HE:TOIVO
|
$52.62 Million |
|
Nan Yang Dyeing & Finishing Co Ltd
TW:1410
|
$52.64 Million |
|
ADAMA Ltd B
SHE:200553
|
$52.64 Million |
|
RingNet Co. Ltd
KQ:042500
|
$52.58 Million |
|
Full Wang International Development Co Ltd
TWO:6219
|
$52.56 Million |
|
Reitmans (Canada) Limited
V:RET-A
|
$52.49 Million |
|
Po Valley Energy Ltd
AU:PVE
|
$52.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EURODRY LTD. DL -01's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 96,737,883 to 93,274,905, a change of -3,462,978 (-3.6%).
- Net loss of 4,264,221 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-4.26 Million | -4.57% |
| Other Changes | €801.24K | +0.86% |
| Total Change | €- | -3.58% |
Book Value vs Market Value Analysis
This analysis compares EURODRY LTD. DL -01's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.72x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €27.04 | €19.50 | x |
| 2022-12-31 | €39.25 | €19.50 | x |
| 2023-12-31 | €38.72 | €19.50 | x |
| 2024-12-31 | €34.22 | €19.50 | x |
| 2025-12-31 | €32.27 | €19.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EURODRY LTD. DL -01 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.16%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.27x
- Recent ROE (-4.57%) is below the historical average (9.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 39.47% | 48.34% | 0.40x | 2.04x | €23.26 Million |
| 2022 | 29.44% | 47.79% | 0.35x | 1.75x | €22.15 Million |
| 2023 | -2.65% | -6.11% | 0.21x | 2.11x | €-13.88 Million |
| 2024 | -13.03% | -20.64% | 0.28x | 2.27x | €-22.28 Million |
| 2025 | -4.57% | -8.16% | 0.25x | 2.27x | €-13.59 Million |
Industry Comparison
This section compares EURODRY LTD. DL -01's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $37,539,993,684
- Average return on equity (ROE) among peers: 4.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EURODRY LTD. DL -01 (0LQ) | €102.51 Million | 39.47% | 1.07x | $52.61 Million |
| 2020 Bulkers Ltd. (0FF) | $151.90 Million | 50.23% | 0.76x | $4.56 Million |
| Qingdao Port International Co. Ltd (0QP) | $33.60 Billion | 11.28% | 0.57x | $931.53 Million |
| ZIM Integrated Shipping Services Ltd. (2SV) | $4.03 Billion | 11.90% | 1.73x | $2.63 Billion |
| HAV GROUP ASA (6HH) | $86.50 Million | -42.84% | 5.95x | $41.65 Million |
| MERCANTILE PORTS+LOGI.LTD (9KS0) | $73.63 Million | -28.82% | 0.72x | $178.16K |
| Ardmore Shipping Corporation (A61) | $232.36 Million | -1.65% | 0.54x | $651.21 Million |
| BW LPG Limited (BW9) | $1.25 Billion | 19.48% | 0.93x | $2.25 Billion |
| COSCO SHIPPING Holdings Co. Ltd (C6G) | $243.35 Billion | 9.80% | 0.90x | $5.31 Billion |
| A.P.MOELL-M.B U.ADR 1/200 (DP4H) | $55.09 Billion | 6.94% | 0.50x | $11.30 Billion |
About EURODRY LTD. DL -01
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of April 30, 2025, it operated through a fleet of 12 drybulk carriers comprising four Panamax, two Kamsarmax, five Ultramax, … Read more