C3is Inc. (CISS) - Net Assets
Based on the latest financial reports, C3is Inc. (CISS) has net assets worth $78.97 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($90.24 Million) and total liabilities ($11.27 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 CISS asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $78.97 Million |
| % of Total Assets | 87.51% |
| Annual Growth Rate | 101.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 176.34 |
C3is Inc. - Net Assets Trend (2021–2024)
This chart illustrates how C3is Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore CISS asset base for the complete picture of this company's asset base.
Annual Net Assets for C3is Inc. (2021–2024)
The table below shows the annual net assets of C3is Inc. from 2021 to 2024. For live valuation and market cap data, see market cap of C3is Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $71.36 Million | +28.48% |
| 2023-12-31 | $55.54 Million | +26.54% |
| 2022-12-31 | $43.89 Million | +401.59% |
| 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 decreased by 92.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $257.05K | 0.36% |
| Common Stock | $7.07K | 0.01% |
| Other Components | $71.10 Million | 99.63% |
| Total Equity | $71.36 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 |
|---|---|
|
Visual International Holdings Ltd
JSE:VIS
|
$1.92 Million |
|
Kwesst Micro Systems Inc
V:KWE
|
$1.92 Million |
|
Metronic Global Bhd
KLSE:0043
|
$1.92 Million |
|
Asdion Bhd
KLSE:0068
|
$1.92 Million |
|
Hedera Group publ AB
ST:HEGR
|
$1.91 Million |
|
Globavend Holdings Limited Ordinary Shares
NASDAQ:GVH
|
$1.91 Million |
|
Binakarya Jaya Abadi Tbk PT
JK:BIKA
|
$1.91 Million |
|
Scancell Hldgs Plc
LSE:SCLP
|
$1.91 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 2023 to 2024, total equity changed from 55,543,849 to 71,361,255, a change of 15,817,406 (28.5%).
- Net loss of 2,748,367 reduced equity.
- Dividend payments of 762,500 reduced retained earnings.
- New share issuances of 13,147,990 increased equity.
- Other comprehensive income increased equity by 87,424.
- Other factors increased equity by 6,092,859.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.75 Million | -3.85% |
| Dividends Paid | $762.50K | -1.07% |
| Share Issuances | $13.15 Million | +18.42% |
| Other Comprehensive Income | $87.42K | +0.12% |
| Other Changes | $6.09 Million | +8.54% |
| Total Change | $- | 28.48% |
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 | $4264.64 | $3.30 | x |
| 2022-12-31 | $3769.36 | $3.30 | x |
| 2023-12-31 | $5730.31 | $3.30 | x |
| 2024-12-31 | $227.02 | $3.30 | 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): -3.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.50%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.41x
- Recent ROE (-3.85%) is below the historical average (13.84%), 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 | 1.26% | 16.78% | 0.07x | 1.02x | $-3.84 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 |
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: $611,499,432
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| C3is Inc. (CISS) | $78.97 Million | 41.24% | 0.14x | $1.91 Million |
| Ardmore Shpng (ASC) | $61.60 Million | -4.83% | 1.61x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.38 Billion | 13.35% | 0.71x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $239.76 Million | 7.33% | 2.16x | $1.19 Billion |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -5.39% | 0.40x | $402.68 Million |
| Costamare Inc (CMRE) | $1.36 Billion | 4.95% | 1.25x | $1.99 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $20.00 Million |
| Danaos Corporation (DAC) | $548.71 Million | 15.29% | 4.44x | $2.12 Billion |
| Diana Shipping Inc. (DSX) | $775.48 Million | 28.59% | 0.36x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $341.69 Million | 3.33% | 2.25x | $1.68 Billion |
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