EuroDry Ltd Net Assets
EuroDry Ltd net assets. Based on the latest financial reports, EuroDry Ltd (EDRY) has net assets worth $109.44 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($212.47 Million) and total liabilities ($103.03 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. Also explore how fast is EuroDry Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $109.44 Million |
| % of Total Assets | 51.51% |
| Annual Growth Rate | 14.17% |
| 5-Year Change | 29.88% |
| 10-Year Change | N/A |
| Growth Volatility | 34.11 |
Net Assets of EuroDry Ltd (2016–2025)
Net assets of EuroDry Ltd from 2016 to 2025. This chart illustrates how EuroDry Ltd's net assets have evolved over time, based on quarterly financial data. See EDRY net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for EuroDry Ltd (2016–2025)
The table below shows the annual net assets of EuroDry Ltd from 2016 to 2025. For live market cap and overall valuation, see market cap of EuroDry Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $102.51 Million | -2.92% |
| 2024-12-31 | $105.59 Million | -11.59% |
| 2023-12-31 | $119.43 Million | +4.82% |
| 2022-12-31 | $113.94 Million | +44.37% |
| 2021-12-31 | $78.92 Million | +56.16% |
| 2020-12-31 | $50.54 Million | -10.59% |
| 2019-12-31 | $56.53 Million | -9.26% |
| 2018-12-31 | $62.30 Million | +89.57% |
| 2017-12-31 | $32.86 Million | +5.68% |
| 2016-12-31 | $31.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to EuroDry 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 grown by 3520062700.0% over the analyzed period, indicating profitable operations and earnings retention.
EuroDry Ltd Net Assets Breakdown (December 2025)
EuroDry Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $24.69 Million | 26.47% |
| Common Stock | $28.91K | 0.03% |
| Other Components | $68.55 Million | 73.49% |
| Total Equity | $93.27 Million | 100.00% |
EuroDry Ltd Competitors by Market Cap
The table below lists competitors of EuroDry Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haesung Industrial Co. Ltd
KQ:034810
|
$113.26 Million |
|
Kairos Minerals Ltd
AU:KAI
|
$113.27 Million |
|
Centratama Telekomunikasi Ind
JK:CENT
|
$113.29 Million |
|
Standard Life PLC
LSE:SDLF
|
$113.35 Million |
|
Singha Estate Public Company Limited
BK:S-R
|
$113.22 Million |
|
CSC Steel Holdings Bhd
KLSE:5094
|
$113.12 Million |
|
ANJI Technology Co. Ltd
TW:6477
|
$113.10 Million |
|
Quintain Steel Co Ltd
TW:2017
|
$113.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in EuroDry Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 96,737,883 to 93,274,905, a change of -3,462,978 (-3.6%).
- Net loss of 4,264,221 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.26 Million | -4.57% |
| Other Changes | $801.24K | +0.86% |
| Total Change | $- | -3.58% |
Book Value vs Market Value Analysis
This analysis compares EuroDry 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: 1.17x
- 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 2.86x to 1.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $13.79 | $39.51 | x |
| 2017-12-31 | $14.57 | $39.51 | x |
| 2018-12-31 | $27.90 | $39.51 | x |
| 2019-12-31 | $25.11 | $39.51 | x |
| 2020-12-31 | $22.21 | $39.51 | x |
| 2021-12-31 | $30.96 | $39.51 | x |
| 2022-12-31 | $39.43 | $39.51 | x |
| 2023-12-31 | $39.69 | $39.51 | x |
| 2024-12-31 | $35.47 | $39.51 | x |
| 2025-12-31 | $33.85 | $39.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently EuroDry 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): -4.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.16%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 2.27x
- Recent ROE (-4.57%) is below the historical average (1.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -32.61% | -128.71% | 0.09x | 2.79x | $-13.25 Million |
| 2017 | 2.59% | 4.44% | 0.20x | 2.97x | $-2.44 Million |
| 2018 | 1.80% | 4.57% | 0.19x | 2.05x | $-5.11 Million |
| 2019 | 0.03% | 0.06% | 0.23x | 2.08x | $-5.64 Million |
| 2020 | -11.63% | -26.37% | 0.21x | 2.13x | $-10.93 Million |
| 2021 | 39.47% | 48.34% | 0.40x | 2.04x | $23.26 Million |
| 2022 | 29.44% | 47.79% | 0.35x | 1.75x | $22.15 Million |
| 2023 | -2.65% | -6.11% | 0.21x | 2.11x | $-13.88 Million |
| 2024 | -9.98% | -15.81% | 0.28x | 2.27x | $-19.33 Million |
| 2025 | -4.57% | -8.16% | 0.25x | 2.27x | $-13.59 Million |
Industry Comparison
This section compares EuroDry Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $512,623,757
- Average return on equity (ROE) among peers: 20.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| EuroDry Ltd (EDRY) | $109.44 Million | -32.61% | 0.94x | $113.26 Million |
| Ardmore Shpng (ASC) | $347.61 Million | 9.19% | 1.24x | $784.63 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $406.74 Million | 5.95% | 0.73x | $1.23 Billion |
| C3is Inc. (CISS) | $8.75 Million | 41.24% | 0.87x | $270.11K |
| Costamare Bulkers Holdings Limited (CMDB) | $781.77 Million | -4.78% | 0.40x | $431.49 Million |
| Costamare Inc (CMRE) | $2.16 Billion | 16.89% | 0.79x | $1.60 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $13.14 Million |
| Danaos Corporation (DAC) | $440.30 Million | -23.89% | 8.57x | $2.59 Billion |
| Diana Shipping Inc. (DSX) | $59.05 Million | 101.75% | 1.64x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $397.23 Million | 25.51% | 2.17x | $2.42 Billion |
About EuroDry Ltd
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of March 31, 2026, it operated through a fleet of 11 drybulk carriers comprising three Panamax drybulk carriers, two Kamsarma… Read more