Globus Maritime Ltd (GLBS) - Net Assets
Based on the latest financial reports, Globus Maritime Ltd (GLBS) has net assets worth $173.78 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 ($289.79 Million) and total liabilities ($116.02 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 how resilient are Globus Maritime Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $173.78 Million |
| % of Total Assets | 59.97% |
| Annual Growth Rate | 2.34% |
| 5-Year Change | 319.06% |
| 10-Year Change | 477.7% |
| Growth Volatility | 105.5 |
Globus Maritime Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Globus Maritime Ltd's net assets have evolved over time, based on quarterly financial data. Also explore GLBS current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Globus Maritime Ltd (2008–2024)
The table below shows the annual net assets of Globus Maritime Ltd from 2008 to 2024. For live valuation and market cap data, see market cap of Globus Maritime Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $176.40 Million | +0.24% |
| 2023-12-31 | $175.97 Million | +3.09% |
| 2022-12-31 | $170.70 Million | +16.58% |
| 2021-12-31 | $146.42 Million | +247.84% |
| 2020-12-31 | $42.09 Million | +326.10% |
| 2019-12-31 | $9.88 Million | -75.93% |
| 2018-12-31 | $41.05 Million | -6.64% |
| 2017-12-31 | $43.97 Million | +111.79% |
| 2016-12-31 | $20.76 Million | -32.01% |
| 2015-12-31 | $30.54 Million | -51.78% |
| 2014-12-31 | $63.32 Million | +4.94% |
| 2013-12-31 | $60.34 Million | +9.35% |
| 2012-12-31 | $55.18 Million | -60.59% |
| 2011-12-31 | $140.02 Million | +18.87% |
| 2010-12-31 | $117.79 Million | +3.82% |
| 2009-12-31 | $113.46 Million | -6.84% |
| 2008-12-31 | $121.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Globus Maritime 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 416.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $82.00K | 0.05% |
| Other Components | $284.41 Million | 161.23% |
| Total Equity | $176.40 Million | 100.00% |
Globus Maritime Ltd Competitors by Market Cap
The table below lists competitors of Globus Maritime Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea SPAC 2
KQ:206400
|
$32.74 Million |
|
Microba Life Sciences Ltd
AU:MAP
|
$32.75 Million |
|
DLP Resources Inc
V:DLP
|
$32.75 Million |
|
Lipum AB
ST:LIPUM
|
$32.76 Million |
|
Havila Shipping ASA
OL:HAVI
|
$32.72 Million |
|
S Connect Co. LTD
KQ:096630
|
$32.70 Million |
|
Berentzen Gruppe AG
XETRA:BEZ
|
$32.69 Million |
|
PIMS Inc.
KQ:347770
|
$32.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Globus Maritime Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 175,970,000 to 176,401,000, a change of 431,000 (0.2%).
- Net income of 431,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $431.00K | +0.24% |
| Total Change | $- | 0.24% |
Book Value vs Market Value Analysis
This analysis compares Globus Maritime 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: 0.26x
- 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 0.00x to 0.26x 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 | $2626.28 | $2.22 | x |
| 2009-12-31 | $63102.34 | $2.22 | x |
| 2010-12-31 | $64365.03 | $2.22 | x |
| 2011-12-31 | $63906.44 | $2.22 | x |
| 2012-12-31 | $21768.05 | $2.22 | x |
| 2013-12-31 | $23634.94 | $2.22 | x |
| 2014-12-31 | $24753.32 | $2.22 | x |
| 2015-12-31 | $11899.84 | $2.22 | x |
| 2016-12-31 | $7975.41 | $2.22 | x |
| 2017-12-31 | $1707.56 | $2.22 | x |
| 2018-12-31 | $1283.94 | $2.22 | x |
| 2019-12-31 | $237.35 | $2.22 | x |
| 2020-12-31 | $43.89 | $2.22 | x |
| 2021-12-31 | $9.89 | $2.22 | x |
| 2022-12-31 | $8.29 | $2.22 | x |
| 2023-12-31 | $8.55 | $2.22 | x |
| 2024-12-31 | $8.57 | $2.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Globus Maritime 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): 0.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.24%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.82x
- Recent ROE (0.24%) is above the historical average (-38.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 35.16% | 43.43% | 0.35x | 2.34x | $30.64 Million |
| 2009 | -8.88% | -19.08% | 0.28x | 1.65x | $-21.42 Million |
| 2010 | 5.10% | 20.80% | 0.13x | 1.85x | $-5.78 Million |
| 2011 | 4.95% | 19.47% | 0.14x | 1.83x | $-7.08 Million |
| 2012 | -150.06% | -257.18% | 0.19x | 3.00x | $-88.32 Million |
| 2013 | 9.41% | 19.29% | 0.19x | 2.58x | $-357.00K |
| 2014 | 5.07% | 12.18% | 0.17x | 2.40x | $-3.12 Million |
| 2015 | -106.09% | -254.79% | 0.11x | 3.76x | $-35.45 Million |
| 2016 | -47.33% | -108.95% | 0.10x | 4.53x | $-11.90 Million |
| 2017 | -14.73% | -44.89% | 0.16x | 2.08x | $-10.87 Million |
| 2018 | -8.69% | -20.56% | 0.20x | 2.11x | $-7.67 Million |
| 2019 | -367.96% | -232.68% | 0.28x | 5.63x | $-37.34 Million |
| 2020 | -41.27% | -147.81% | 0.14x | 2.05x | $-21.58 Million |
| 2021 | 10.21% | 34.46% | 0.23x | 1.27x | $308.20K |
| 2022 | 14.22% | 39.32% | 0.27x | 1.32x | $7.21 Million |
| 2023 | 3.00% | 16.89% | 0.13x | 1.32x | $-12.32 Million |
| 2024 | 0.24% | 1.24% | 0.11x | 1.82x | $-17.21 Million |
Industry Comparison
This section compares Globus Maritime Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $554,738,910
- Average return on equity (ROE) among peers: 7.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Globus Maritime Ltd (GLBS) | $173.78 Million | 35.16% | 0.67x | $32.73 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 |
| C3is Inc. (CISS) | $43.89 Million | 1.26% | 0.02x | $1.91 Million |
| 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 Globus Maritime Ltd
Globus Maritime Limited operates as a dry bulk shipping company that provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of March 20, 2025, the company operated eight dry bulk vessels with a total carrying capacity of 680,622 deadweight to… Read more