Castor Maritime Inc
Castor Maritime Inc. operates as a shipping and energy company worldwide. It operates through Dry Bulk, Containership, and Asset Management segments. The company offers seaborne transportation services for dry bulk and containership cargoes; and transportation of commodities, such as iron ore, coal, soybeans, etc. It also provides technical and commercial ship management and energy infrastructure… Read more
Castor Maritime Inc (CTRM) - Net Assets
Latest net assets as of September 2025: $712.05 Million USD
Based on the latest financial reports, Castor Maritime Inc (CTRM) has net assets worth $712.05 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 ($792.45 Million) and total liabilities ($80.40 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $712.05 Million |
| % of Total Assets | 89.85% |
| Annual Growth Rate | 84.8% |
| 5-Year Change | 1094.01% |
| 10-Year Change | N/A |
| Growth Volatility | 194.49 |
Castor Maritime Inc - Net Assets Trend (2017–2024)
This chart illustrates how Castor Maritime Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Castor Maritime Inc (2017–2024)
The table below shows the annual net assets of Castor Maritime Inc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $625.47 Million | +22.47% |
| 2023-12-31 | $510.73 Million | +10.67% |
| 2022-12-31 | $461.50 Million | +34.57% |
| 2021-12-31 | $342.93 Million | +554.66% |
| 2020-12-31 | $52.38 Million | +296.73% |
| 2019-12-31 | $13.20 Million | +39.36% |
| 2018-12-31 | $9.47 Million | +11.55% |
| 2017-12-31 | $8.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Castor Maritime 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 25909.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $228.53 Million | 40.08% |
| Common Stock | $9.66K | 0.00% |
| Other Comprehensive Income | $-1.51 Million | -0.26% |
| Other Components | $343.10 Million | 60.18% |
| Total Equity | $570.13 Million | 100.00% |
Castor Maritime Inc Competitors by Market Cap
The table below lists competitors of Castor Maritime Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Air Busan Co Ltd
KO:298690
|
$20.17 Million |
|
Coheris SA
PA:COH
|
$20.18 Million |
|
STX Green Logis Ltd
KO:465770
|
$20.18 Million |
|
BANK OF JIUJIANG H YC1
F:BJ8
|
$20.18 Million |
|
Odyssey Gold Ltd
AU:ODY
|
$20.17 Million |
|
Blue Gold Limited Class A Ordinary Shares
NASDAQ:BGL
|
$20.16 Million |
|
Best Agrolife Limited
NSE:BESTAGRO
|
$20.16 Million |
|
Blueone Card Inc
PINK:BCRD
|
$20.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Castor Maritime Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 510,729,741 to 570,125,236, a change of 59,395,495 (11.6%).
- Net income of 14,618,996 contributed positively to equity growth.
- Dividend payments of 2,500,000 reduced retained earnings.
- New share issuances of 50,000,000 increased equity.
- Other comprehensive income decreased equity by 1,412,563.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.62 Million | +2.56% |
| Dividends Paid | $2.50 Million | -0.44% |
| Share Issuances | $50.00 Million | +8.77% |
| Other Comprehensive Income | $-1.41 Million | -0.25% |
| Other Changes | $-1.31 Million | -0.23% |
| Total Change | $- | 11.63% |
Book Value vs Market Value Analysis
This analysis compares Castor Maritime 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: 0.14x
- 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.
- The price-to-book ratio has increased from 0.01x to 0.14x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $353.90 | $2.09 | x |
| 2018-12-31 | $394.77 | $2.09 | x |
| 2019-12-31 | $495.96 | $2.09 | x |
| 2020-12-31 | $77.34 | $2.09 | x |
| 2021-12-31 | $40.19 | $2.09 | x |
| 2022-12-31 | $48.78 | $2.09 | x |
| 2023-12-31 | $23.26 | $2.09 | x |
| 2024-12-31 | $14.71 | $2.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Castor Maritime 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): 2.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.07%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.40x
- Recent ROE (2.56%) is below the historical average (9.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 10.34% | 43.54% | 0.23x | 1.03x | $29.28K |
| 2018 | 10.35% | 24.77% | 0.41x | 1.02x | $33.48K |
| 2019 | 8.24% | 18.23% | 0.20x | 2.30x | $-232.25K |
| 2020 | -3.35% | -14.04% | 0.17x | 1.42x | $-6.99 Million |
| 2021 | 15.24% | 39.58% | 0.29x | 1.35x | $17.98 Million |
| 2022 | 25.69% | 78.93% | 0.24x | 1.37x | $72.41 Million |
| 2023 | 7.57% | 39.63% | 0.16x | 1.18x | $-12.43 Million |
| 2024 | 2.56% | 22.07% | 0.08x | 1.40x | $-42.39 Million |
Industry Comparison
This section compares Castor Maritime Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Castor Maritime Inc (CTRM) | $712.05 Million | 10.34% | 0.11x | $20.17 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |