Golar LNG Limited (G2O) - Net Assets
Based on the latest financial reports, Golar LNG Limited (G2O) has net assets worth €2.29 Billion EUR (≈ $2.67 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.77 Billion ≈ $5.58 Billion USD) and total liabilities (€2.49 Billion ≈ $2.91 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 tangible equity quality of Golar LNG Limited to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.29 Billion |
| % of Total Assets | 47.91% |
| Annual Growth Rate | 2.51% |
| 5-Year Change | 45.26% |
| 10-Year Change | 23.65% |
| Growth Volatility | 16.89 |
Golar LNG Limited - Net Assets Trend (2013–2024)
This chart illustrates how Golar LNG Limited's net assets have evolved over time, based on quarterly financial data. See Golar LNG Limited (G2O) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Golar LNG Limited (2013–2024)
The table below shows the annual net assets of Golar LNG Limited from 2013 to 2024. For live valuation and market cap data, see G2O stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €2.37 Billion ≈ $2.77 Billion |
-8.95% |
| 2023-12-31 | €2.60 Billion ≈ $3.04 Billion |
-10.27% |
| 2022-12-31 | €2.90 Billion ≈ $3.39 Billion |
+33.23% |
| 2021-12-31 | €2.18 Billion ≈ $2.54 Billion |
+33.45% |
| 2020-12-31 | €1.63 Billion ≈ $1.91 Billion |
-6.84% |
| 2019-12-31 | €1.75 Billion ≈ $2.05 Billion |
-4.11% |
| 2018-12-31 | €1.83 Billion ≈ $2.13 Billion |
+1.64% |
| 2017-12-31 | €1.80 Billion ≈ $2.10 Billion |
-5.94% |
| 2016-12-31 | €1.91 Billion ≈ $2.23 Billion |
-0.33% |
| 2015-12-31 | €1.92 Billion ≈ $2.24 Billion |
-14.36% |
| 2014-12-31 | €2.24 Billion ≈ $2.62 Billion |
+24.02% |
| 2013-12-31 | €1.80 Billion ≈ $2.11 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Golar LNG Limited'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 decreased by 98.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €10.27 Million | 0.51% |
| Other Components | €2.00 Billion | 99.49% |
| Total Equity | €2.01 Billion | 100.00% |
Golar LNG Limited Competitors by Market Cap
The table below lists competitors of Golar LNG Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AUTO1 Group SE
F:AG1
|
$3.88 Billion |
|
BNK Financial Group Inc
KO:138930
|
$3.88 Billion |
|
Independence Realty Trust Inc
NYSE:IRT
|
$3.88 Billion |
|
Xinhu Zhongbao Co Ltd
SHG:600208
|
$3.88 Billion |
|
Howard Hughes Holdings Inc.
NYSE:HHH
|
$3.88 Billion |
|
Hilton Grand Vacations Inc
NYSE:HGV
|
$3.88 Billion |
|
China Film Co Ltd
SHG:600977
|
$3.88 Billion |
|
Skeena Resources Ltd
TO:SKE
|
$3.88 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golar LNG Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,067,669,000 to 2,014,151,000, a change of -53,518,000 (-2.6%).
- Net income of 50,839,000 contributed positively to equity growth.
- Dividend payments of 115,352,000 reduced retained earnings.
- Share repurchases of 14,180,000 reduced equity.
- Other factors increased equity by 25,175,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €50.84 Million | +2.52% |
| Dividends Paid | €115.35 Million | -5.73% |
| Share Repurchases | €14.18 Million | -0.7% |
| Other Changes | €25.18 Million | +1.25% |
| Total Change | €- | -2.59% |
Book Value vs Market Value Analysis
This analysis compares Golar LNG Limited'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: 2.27x
- 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 2.58x to 2.27x 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 | €16.96 | €43.80 | x |
| 2018-12-31 | €17.23 | €43.80 | x |
| 2019-12-31 | €14.79 | €43.80 | x |
| 2020-12-31 | €11.76 | €43.80 | x |
| 2021-12-31 | €15.98 | €43.80 | x |
| 2022-12-31 | €23.32 | €43.80 | x |
| 2023-12-31 | €19.77 | €43.80 | x |
| 2024-12-31 | €19.27 | €43.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golar LNG Limited 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): 2.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.53%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.17x
- Recent ROE (2.52%) is above the historical average (-1.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 7.52% | 135.95% | 0.04x | 1.48x | €-44.70 Million |
| 2014 | -2.15% | -45.23% | 0.03x | 1.74x | €-271.59 Million |
| 2015 | -9.03% | -166.69% | 0.02x | 2.25x | €-360.68 Million |
| 2016 | -10.01% | -232.42% | 0.02x | 2.28x | €-372.86 Million |
| 2017 | -10.48% | -125.20% | 0.03x | 2.78x | €-351.23 Million |
| 2018 | -13.26% | -53.74% | 0.09x | 2.75x | €-405.94 Million |
| 2019 | -14.15% | -47.23% | 0.10x | 3.09x | €-361.78 Million |
| 2020 | -21.05% | -62.06% | 0.10x | 3.36x | €-401.53 Million |
| 2021 | 23.86% | 91.35% | 0.09x | 2.86x | €239.74 Million |
| 2022 | 31.51% | 294.23% | 0.06x | 1.71x | €537.75 Million |
| 2023 | -2.26% | -15.68% | 0.07x | 1.98x | €-253.56 Million |
| 2024 | 2.52% | 19.53% | 0.06x | 2.17x | €-150.58 Million |
Industry Comparison
This section compares Golar LNG Limited's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $4,026,363,188
- Average return on equity (ROE) among peers: -2.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golar LNG Limited (G2O) | €2.29 Billion | 7.52% | 1.09x | $3.88 Billion |
| FLEX LNG Ltd (0QQA) | $806.63 Million | 14.59% | 2.31x | $1.26 Billion |
| NAVIGATOR HLDGS LTD (1NV) | $1.25 Billion | 6.87% | 0.75x | $1.20 Billion |
| BROOGE ENERGY DL-0001 (3SF) | $56.77 Million | -85.14% | 7.56x | $243.29 Million |
| HENGYANG PETROCHEM (5HY.SG) (5HY) | $552.92 Million | -4.26% | 0.00x | $14.27 Million |
| Nordic American Tankers Limited (B3O) | $538.30 Million | 18.34% | 0.63x | $1.04 Billion |
| FRONTLINE PLC DL 1 (HF6) | $1.64 Billion | -0.91% | 1.50x | $7.11 Billion |
| COSCO SHIPPING Energy Transportation Co. Ltd (HIFH) | $27.42 Billion | 7.01% | 1.12x | $2.68 Billion |
| Scorpio Tankers Inc. (S0QA) | $2.55 Billion | 21.42% | 0.66x | $3.59 Billion |
| Tsakos Energy Navigation Limited (TK41) | $1.42 Billion | 3.94% | 1.31x | $1.11 Billion |
About Golar LNG Limited
Golar LNG Limited designs, converts, owns, and operates marine infrastructure for the liquefaction of natural gas. The company operates through three segments: FLNG, Corporate and Other, and Shipping. It engages in the regasification, storage, and offloading of liquefied natural gas (LNG); operation of floating liquefaction natural gas (FLNG) vessels or projects; transportation of LNG carriers; a… Read more