Equinor ASA (DNQA) - Net Assets
Based on the latest financial reports, Equinor ASA (DNQA) has net assets worth €43.64 Billion EUR (≈ $51.02 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€141.15 Billion ≈ $165.02 Billion USD) and total liabilities (€97.51 Billion ≈ $114.00 Billion 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. Check DNQA tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €43.64 Billion |
| % of Total Assets | 30.92% |
| Annual Growth Rate | 1.6% |
| 5-Year Change | 3.77% |
| 10-Year Change | N/A |
| Growth Volatility | 16.62 |
Equinor ASA - Net Assets Trend (2016–2025)
This chart illustrates how Equinor ASA's net assets have evolved over time, based on quarterly financial data. See Equinor ASA (DNQA) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Equinor ASA (2016–2025)
The table below shows the annual net assets of Equinor ASA from 2016 to 2025. For live valuation and market cap data, see DNQA stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €40.50 Billion ≈ $47.35 Billion |
-4.44% |
| 2024-12-31 | €42.38 Billion ≈ $49.55 Billion |
-12.62% |
| 2023-12-31 | €48.50 Billion ≈ $56.70 Billion |
-10.17% |
| 2022-12-31 | €53.99 Billion ≈ $63.12 Billion |
+38.35% |
| 2021-12-31 | €39.02 Billion ≈ $45.62 Billion |
+15.14% |
| 2020-12-31 | €33.89 Billion ≈ $39.62 Billion |
-17.66% |
| 2019-12-31 | €41.16 Billion ≈ $48.12 Billion |
-4.26% |
| 2018-12-31 | €42.99 Billion ≈ $50.26 Billion |
+7.78% |
| 2017-12-31 | €39.88 Billion ≈ $46.63 Billion |
+13.64% |
| 2016-12-31 | €35.10 Billion ≈ $41.03 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Equinor ASA'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 47.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €48.03 Billion | 118.81% |
| Total Equity | €40.42 Billion | 100.00% |
Equinor ASA Competitors by Market Cap
The table below lists competitors of Equinor ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ciena Corp
NYSE:CIEN
|
$77.50 Billion |
|
NetEase Inc
NASDAQ:NTES
|
$77.58 Billion |
|
Suncor Energy Inc
TO:SU
|
$77.86 Billion |
|
Lloyds Banking Group plc
MX:LYGN
|
$78.00 Billion |
|
FedEx Corporation
NYSE:FDX
|
$77.42 Billion |
|
Christian Dior SE
PA:CDI
|
$77.07 Billion |
|
BAE SYSTEMS ADR/4 LS-025
F:BSPA
|
$76.97 Billion |
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$76.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Equinor ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 42,342,000,000 to 40,424,000,000, a change of -1,918,000,000 (-4.5%).
- Net income of 5,043,000,000 contributed positively to equity growth.
- Dividend payments of 4,791,000,000 reduced retained earnings.
- Share repurchases of 5,916,000,000 reduced equity.
- Other factors increased equity by 3,746,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €5.04 Billion | +12.48% |
| Dividends Paid | €4.79 Billion | -11.85% |
| Share Repurchases | €5.92 Billion | -14.63% |
| Other Changes | €3.75 Billion | +9.27% |
| Total Change | €- | -4.53% |
Book Value vs Market Value Analysis
This analysis compares Equinor ASA'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: 2.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.73x to 2.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €11.99 | €32.70 | x |
| 2018-12-31 | €12.91 | €32.70 | x |
| 2019-12-31 | €12.45 | €32.70 | x |
| 2020-12-31 | €10.43 | €32.70 | x |
| 2021-12-31 | €12.07 | €32.70 | x |
| 2022-12-31 | €17.29 | €32.70 | x |
| 2023-12-31 | €16.47 | €32.70 | x |
| 2024-12-31 | €15.52 | €32.70 | x |
| 2025-12-31 | €16.17 | €32.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Equinor ASA 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): 12.48%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.77%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 3.26x
- Recent ROE (12.48%) is below the historical average (14.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -8.33% | -6.40% | 0.44x | 2.98x | €-6.43 Billion |
| 2017 | 11.52% | 7.53% | 0.55x | 2.79x | €603.90 Million |
| 2018 | 17.54% | 9.59% | 0.70x | 2.62x | €3.24 Billion |
| 2019 | 4.48% | 2.93% | 0.53x | 2.87x | €-2.27 Billion |
| 2020 | -16.27% | -12.04% | 0.38x | 3.60x | €-8.90 Billion |
| 2021 | 21.95% | 9.65% | 0.60x | 3.77x | €4.66 Billion |
| 2022 | 53.25% | 19.29% | 0.94x | 2.93x | €23.35 Billion |
| 2023 | 24.51% | 11.12% | 0.74x | 2.96x | €7.04 Billion |
| 2024 | 20.80% | 8.59% | 0.78x | 3.10x | €4.57 Billion |
| 2025 | 12.48% | 4.77% | 0.80x | 3.26x | €1.00 Billion |
Industry Comparison
This section compares Equinor ASA's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $5,408,874,079,073
- Average return on equity (ROE) among peers: 4.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Equinor ASA (DNQA) | €43.64 Billion | -8.33% | 2.23x | $77.48 Billion |
| BP PLC (BPE) | $82.99 Billion | -3.00% | 2.47x | $46.36K |
| China Petroleum & Chemical Corporation (CHU) | $788.16 Billion | 4.13% | 0.84x | $13.45 Billion |
| Ecopetrol S.A (ECHA) | $43.56 Trillion | 5.62% | 1.76x | $26.40 Billion |
| Eni S.p.A (ENI1) | $52.79 Billion | 4.94% | 1.60x | $68.82 Billion |
| SHELL PLC WI ADR/2 (L3H) | $175.32 Billion | 10.17% | 1.11x | $190.34 Billion |
| PTT Public Company Limited (NVA3) | $1.30 Trillion | 7.14% | 0.91x | $26.62 Billion |
| OMV AG ADR 1 (OMVI) | $22.57 Billion | 4.77% | 1.05x | $18.00 Billion |
| PetroChina Company Limited (PC6) | $1.41 Trillion | 3.73% | 0.72x | $28.44 Billion |
| PTT Public Company Limited (PTOG) | $1.29 Trillion | 2.94% | 0.98x | $10.29K |
About Equinor ASA
Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments. The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfol… Read more