Thalassa Holdings Ltd (THAL) - Net Assets
Based on the latest financial reports, Thalassa Holdings Ltd (THAL) has net assets worth GBX8.81 Million GBX (≈ $1.07K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX9.29 Million ≈ $1.13K USD) and total liabilities (GBX480.38K ≈ $58.45 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 Thalassa Holdings Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX8.81 Million |
| % of Total Assets | 94.83% |
| Annual Growth Rate | 3.73% |
| 5-Year Change | -21.01% |
| 10-Year Change | -60.13% |
| Growth Volatility | 94.14 |
Thalassa Holdings Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Thalassa Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Thalassa Holdings Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Thalassa Holdings Ltd (2008–2025)
The table below shows the annual net assets of Thalassa Holdings Ltd from 2008 to 2025. For live valuation and market cap data, see market cap of Thalassa Holdings Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | GBX8.81 Million ≈ $1.07K |
-15.21% |
| 2024-12-31 | GBX10.39 Million ≈ $1.26K |
+11.87% |
| 2023-12-31 | GBX9.29 Million ≈ $1.13K |
-9.81% |
| 2022-12-31 | GBX10.30 Million ≈ $1.25K |
-7.67% |
| 2021-12-31 | GBX11.15 Million ≈ $1.36K |
-3.13% |
| 2020-12-31 | GBX11.51 Million ≈ $1.40K |
-44.91% |
| 2019-12-31 | GBX20.90 Million ≈ $2.54K |
-13.02% |
| 2018-12-31 | GBX24.03 Million ≈ $2.92K |
+26.68% |
| 2017-12-31 | GBX18.97 Million ≈ $2.31K |
-14.18% |
| 2016-12-31 | GBX22.10 Million ≈ $2.69K |
+24.06% |
| 2015-12-31 | GBX17.81 Million ≈ $2.17K |
-29.59% |
| 2014-12-31 | GBX25.30 Million ≈ $3.08K |
-18.58% |
| 2013-12-31 | GBX31.07 Million ≈ $3.78K |
+388.45% |
| 2012-12-31 | GBX6.36 Million ≈ $773.96 |
+9.64% |
| 2011-12-31 | GBX5.80 Million ≈ $705.89 |
+19.94% |
| 2010-12-31 | GBX4.84 Million ≈ $588.51 |
+9.86% |
| 2009-12-31 | GBX4.40 Million ≈ $535.69 |
-6.86% |
| 2008-12-31 | GBX4.73 Million ≈ $575.12 |
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Equity Component Analysis
This analysis shows how different components contribute to Thalassa Holdings Ltd'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 881129893.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | GBX196.03K | 2.23% |
| Other Comprehensive Income | GBX2.36 Million | 26.74% |
| Other Components | GBX15.26 Million | 173.18% |
| Total Equity | GBX8.81 Million | 100.00% |
Thalassa Holdings Ltd Competitors by Market Cap
The table below lists competitors of Thalassa Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FANDIFI TECHNOLOGY CORP.
F:TQ4
|
$47.99K |
|
Fletcher King Plc
LSE:FLK
|
$48.02K |
|
N4 Pharma PLC
LSE:N4P
|
$48.10K |
|
Chess Depositary Interests 1:1 Deferred Settlement
AU:AIIDA
|
$48.48K |
|
Futura Medical
LSE:FUM
|
$47.39K |
|
Isaac Engineering Co. Ltd.
KQ:351330
|
$46.74K |
|
Heavitree Brewery
LSE:HVT
|
$46.73K |
|
Westminster Group Plc
LSE:WSG
|
$46.68K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thalassa Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,389,796 to 8,809,538, a change of -1,580,258 (-15.2%).
- Net loss of 1,368,414 reduced equity.
- Other comprehensive income increased equity by 2,356,053.
- Other factors decreased equity by 2,567,897.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-1.37 Million | -15.53% |
| Other Comprehensive Income | GBX2.36 Million | +26.74% |
| Other Changes | GBX-2.57 Million | -29.15% |
| Total Change | GBX- | -15.21% |
Book Value vs Market Value Analysis
This analysis compares Thalassa Holdings Ltd'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: 44.43x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 14.12x to 44.43x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | GBX1.66 | GBX23.50 | x |
| 2009-12-31 | GBX0.60 | GBX23.50 | x |
| 2010-12-31 | GBX0.53 | GBX23.50 | x |
| 2011-12-31 | GBX0.59 | GBX23.50 | x |
| 2012-12-31 | GBX0.53 | GBX23.50 | x |
| 2013-12-31 | GBX1.89 | GBX23.50 | x |
| 2014-12-31 | GBX1.01 | GBX23.50 | x |
| 2015-12-31 | GBX0.72 | GBX23.50 | x |
| 2016-12-31 | GBX1.01 | GBX23.50 | x |
| 2017-12-31 | GBX0.87 | GBX23.50 | x |
| 2018-12-31 | GBX1.27 | GBX23.50 | x |
| 2019-12-31 | GBX1.19 | GBX23.50 | x |
| 2020-12-31 | GBX0.82 | GBX23.50 | x |
| 2021-12-31 | GBX1.40 | GBX23.50 | x |
| 2022-12-31 | GBX1.30 | GBX23.50 | x |
| 2023-12-31 | GBX1.17 | GBX23.50 | x |
| 2024-12-31 | GBX1.31 | GBX23.50 | x |
| 2025-12-31 | GBX0.53 | GBX23.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thalassa Holdings Ltd 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): -15.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7708.07%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.05x
- Recent ROE (-15.53%) is below the historical average (-4.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -3.96% | 0.00% | 0.00x | 1.02x | GBX-659.89K |
| 2009 | 2.18% | 23.82% | 0.08x | 1.15x | GBX-344.28K |
| 2010 | 7.32% | 135.27% | 0.05x | 1.11x | GBX-129.65K |
| 2011 | 3.95% | 14.66% | 0.24x | 1.10x | GBX-350.94K |
| 2012 | 11.76% | 8.59% | 1.22x | 1.12x | GBX111.29K |
| 2013 | 8.39% | 14.03% | 0.57x | 1.04x | GBX-499.07K |
| 2014 | -30.90% | -78.40% | 0.35x | 1.12x | GBX-10.35 Million |
| 2015 | -46.46% | -64.99% | 0.60x | 1.19x | GBX-10.06 Million |
| 2016 | 7.22% | 14.07% | 0.45x | 1.15x | GBX-614.26K |
| 2017 | 5.40% | 0.00% | 0.00x | 1.22x | GBX-872.04K |
| 2018 | 23.49% | 224623.03% | 0.00x | 1.07x | GBX3.24 Million |
| 2019 | -13.21% | -2075.80% | 0.00x | 1.39x | GBX-4.74 Million |
| 2020 | 4.31% | 1152.70% | 0.00x | 1.35x | GBX-663.26K |
| 2021 | -17.79% | -1430.87% | 0.01x | 1.61x | GBX-3.10 Million |
| 2022 | -14.08% | -489.89% | 0.02x | 1.28x | GBX-2.48 Million |
| 2023 | -9.60% | -166.44% | 0.04x | 1.34x | GBX-1.82 Million |
| 2024 | -9.76% | 0.00% | -0.02x | 1.06x | GBX-2.05 Million |
| 2025 | -15.53% | -7708.07% | 0.00x | 1.05x | GBX-2.25 Million |
Industry Comparison
This section compares Thalassa Holdings Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $86,729,821
- Average return on equity (ROE) among peers: -5.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thalassa Holdings Ltd (THAL) | GBX8.81 Million | -3.96% | 0.05x | $47.62K |
| Ashtead Technology Holdings PLC (AT) | $75.80 Million | 16.32% | 0.80x | $4.77 Million |
| Gulf Marine Services PLC (GMS) | $382.70 Million | 9.92% | 0.79x | $2.72 Million |
| Getech Group (GTC) | $10.21 Million | 17.76% | 0.72x | $39.89K |
| Hunting PLC (HTG) | $31.17 Million | -1.05% | 0.50x | $8.97 Million |
| Enteq Upstream (NTQ) | $16.71 Million | -46.90% | 0.13x | $6.19K |
| Tan Delta Systems PLC (TAND) | $3.79 Million | -30.79% | 0.15x | $294.00K |
About Thalassa Holdings Ltd
Thalassa Holdings Limited, a holding company, engages in the research and development of autonomous underwater vehicles. The company was incorporated in 2007 and is based in Road Town, the British Virgin Islands.