C3is Inc. (CISS) - Net Assets
Based on the latest financial reports, C3is Inc. (CISS) has net assets worth $95.10 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($98.49 Million) and total liabilities ($3.39 Million). 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 C3is Inc. (CISS) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $95.10 Million |
| % of Total Assets | 96.56% |
| Annual Growth Rate | 81.56% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 134.16 |
C3is Inc. - Net Assets Trend (2021–2025)
This chart illustrates how C3is Inc.'s net assets have evolved over time, based on quarterly financial data. See C3is Inc. liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for C3is Inc. (2021–2025)
The table below shows the annual net assets of C3is Inc. from 2021 to 2025. For live valuation and market cap data, see market cap of C3is Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $95.10 Million | +33.27% |
| 2024-12-31 | $71.36 Million | +28.48% |
| 2023-12-31 | $55.54 Million | +42.81% |
| 2022-12-31 | $38.89 Million | +344.45% |
| 2021-12-31 | $8.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to C3is Inc.'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 24.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.49 Million | 4.72% |
| Common Stock | $6.60K | 0.01% |
| Other Components | $90.61 Million | 95.28% |
| Total Equity | $95.10 Million | 100.00% |
C3is Inc. Competitors by Market Cap
The table below lists competitors of C3is Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Liberty Tripadvisor Holdings Inc
NASDAQ:LTRPB
|
$1.21 Million |
|
Canada Carbon Inc.
V:CCB
|
$1.21 Million |
|
Tracsis Plc
LSE:TRCS
|
$1.21 Million |
|
Biomotion Sciences Ordinary Shares
NASDAQ:SLXN
|
$1.22 Million |
|
Insplorion AB
ST:INSP
|
$1.20 Million |
|
FNP Technologies SA
PA:MLFNP
|
$1.20 Million |
|
Residential Secure Income plc
LSE:RESI
|
$1.20 Million |
|
Composite Alliance Group Inc
V:CAG
|
$1.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in C3is Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 71,361,255 to 95,099,614, a change of 23,738,359 (33.3%).
- Net income of 10,473,210 contributed positively to equity growth.
- Dividend payments of 568,750 reduced retained earnings.
- New share issuances of 11,000,000 increased equity.
- Other factors increased equity by 2,833,899.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $10.47 Million | +11.01% |
| Dividends Paid | $568.75K | -0.6% |
| Share Issuances | $11.00 Million | +11.57% |
| Other Changes | $2.83 Million | +2.98% |
| Total Change | $- | 33.27% |
Book Value vs Market Value Analysis
This analysis compares C3is Inc.'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: 0.01x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $4262.64 | $2.22 | x |
| 2022-12-31 | $18346.32 | $2.22 | x |
| 2023-12-31 | $9543.62 | $2.22 | x |
| 2024-12-31 | $227.03 | $2.22 | x |
| 2025-12-31 | $272.14 | $2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently C3is Inc. 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): 11.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.13%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.04x
- Recent ROE (11.01%) is below the historical average (13.31%), 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 | 41.24% | 57.53% | 0.38x | 1.87x | $2.73 Million |
| 2022 | 1.42% | 16.78% | 0.08x | 1.02x | $-3.34 Million |
| 2023 | 16.73% | 32.33% | 0.30x | 1.72x | $3.74 Million |
| 2024 | -3.85% | -6.50% | 0.42x | 1.41x | $-9.88 Million |
| 2025 | 11.01% | 30.13% | 0.35x | 1.04x | $963.25K |
Industry Comparison
This section compares C3is Inc.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $441,711,190
- Average return on equity (ROE) among peers: 9.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| C3is Inc. (CISS) | $95.10 Million | 41.24% | 0.04x | $1.20 Million |
| Ardmore Shpng (ASC) | $574.44 Million | 20.33% | 0.20x | $677.32 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $193.93 Million | 19.22% | 3.01x | $1.23 Billion |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $402.36 Million |
| Costamare Inc (CMRE) | $802.64 Million | 14.34% | 2.38x | $1.85 Billion |
| Castor Maritime Inc (CTRM) | $8.49 Million | 10.34% | 0.03x | $19.42 Million |
| Danaos Corporation (DAC) | $565.85 Million | 17.86% | 1.29x | $2.31 Billion |
| Diana Shipping Inc. (DSX) | $627.68 Million | 10.73% | 0.89x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $358.29 Million | -0.25% | 1.66x | $1.68 Billion |
| EuroDry Ltd (EDRY) | $62.30 Million | 1.80% | 1.05x | $64.11 Million |
About C3is Inc.
C3is Inc. offers international seaborne transportation services. The company provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. It owns and operates three drybulk carriers, which transport major bulks, such as iron ore, coal, and grains, as well as minor b… Read more