Rubico Inc. Common Stock (RUBI) - Net Assets
Based on the latest financial reports, Rubico Inc. Common Stock (RUBI) has net assets worth $356.13 Million USD as of September 2020. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($866.47 Million) and total liabilities ($510.34 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 Rubico Inc. Common Stock's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $356.13 Million |
| % of Total Assets | 41.1% |
| Annual Growth Rate | -12.44% |
| 5-Year Change | -69.52% |
| 10-Year Change | N/A |
| Growth Volatility | 359.82 |
Rubico Inc. Common Stock - Net Assets Trend (2014–2024)
This chart illustrates how Rubico Inc. Common Stock's net assets have evolved over time, based on quarterly financial data. Also explore RUBI asset base for the complete picture of this company's asset base.
Annual Net Assets for Rubico Inc. Common Stock (2014–2024)
The table below shows the annual net assets of Rubico Inc. Common Stock from 2014 to 2024. For live valuation and market cap data, see market cap of Rubico Inc. Common Stock.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $34.12 Million | -4.53% |
| 2023-12-31 | $35.73 Million | -34.67% |
| 2022-12-31 | $54.70 Million | +1120.96% |
| 2021-12-31 | $4.48 Million | -96.00% |
| 2019-12-31 | $111.94 Million | -5.15% |
| 2018-12-31 | $118.01 Million | -28.31% |
| 2017-12-31 | $164.61 Million | -45.04% |
| 2016-12-31 | $299.51 Million | +7.70% |
| 2015-12-31 | $278.10 Million | +116.00% |
| 2014-12-31 | $128.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rubico Inc. Common Stock'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 11176100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $31.05 Million | 91.01% |
| Other Components | $3.07 Million | 8.99% |
| Total Equity | $34.12 Million | 100.00% |
Rubico Inc. Common Stock Competitors by Market Cap
The table below lists competitors of Rubico Inc. Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AI Era Corp.
NASDAQ:ABQQD
|
$772.11K |
|
Edible Garden AG Inc
NASDAQ:EDBL
|
$774.55K |
|
EUROPA MET. LTD POST CONS
F:WRE1
|
$776.39K |
|
Corero Network Security plc
LSE:CNS
|
$778.95K |
|
Sentoria Group Bhd
KLSE:5213
|
$770.00K |
|
B Yair Building Corporation 1988 Ltd
TA:BYAR
|
$768.74K |
|
SEALAND CAP. GA. LS-0001
F:7KM
|
$765.46K |
|
Kodal Minerals PLC
LSE:KOD
|
$764.95K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rubico Inc. Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,733,000 to 34,115,000, a change of -1,618,000 (-4.5%).
- Net income of 5,944,000 contributed positively to equity growth.
- Other factors decreased equity by 7,562,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.94 Million | +17.42% |
| Other Changes | $-7.56 Million | -22.17% |
| Total Change | $- | -4.53% |
Book Value vs Market Value Analysis
This analysis compares Rubico Inc. Common Stock'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: 0.05x
- 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 decreased from 0.77x to 0.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $4.56 | $3.51 | x |
| 2015-12-31 | $6.25 | $3.51 | x |
| 2016-12-31 | $6.42 | $3.51 | x |
| 2017-12-31 | $3.37 | $3.51 | x |
| 2018-12-31 | $2.35 | $3.51 | x |
| 2019-12-31 | $2.13 | $3.51 | x |
| 2021-12-31 | $8.78 | $3.51 | x |
| 2022-12-31 | $107.22 | $3.51 | x |
| 2023-12-31 | $70.04 | $3.51 | x |
| 2024-12-31 | $66.87 | $3.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rubico Inc. Common Stock 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): 17.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.56%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 3.32x
- Recent ROE (17.42%) is above the historical average (4.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -14.50% | -14.90% | 0.42x | 2.30x | $-31.55 Million |
| 2015 | 0.15% | 0.17% | 0.46x | 1.93x | $-27.39 Million |
| 2016 | -6.03% | -6.49% | 0.54x | 1.74x | $-48.00 Million |
| 2017 | -94.03% | -99.51% | 0.41x | 2.33x | $-171.24 Million |
| 2018 | -52.39% | -49.58% | 0.35x | 3.05x | $-73.62 Million |
| 2019 | -22.76% | -16.29% | 0.40x | 3.53x | $-36.67 Million |
| 2021 | 174.40% | 45.43% | 0.27x | 14.32x | $7.37 Million |
| 2022 | 19.49% | 43.02% | 0.20x | 2.24x | $5.19 Million |
| 2023 | 18.56% | 27.09% | 0.21x | 3.32x | $3.06 Million |
| 2024 | 17.42% | 24.56% | 0.21x | 3.32x | $2.53 Million |
Industry Comparison
This section compares Rubico Inc. Common Stock'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 |
|---|---|---|---|---|
| Rubico Inc. Common Stock (RUBI) | $356.13 Million | -14.50% | 1.43x | $770.55K |
| 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 Rubico Inc. Common Stock
Rubico Inc. focuses on tanker vessels transporting business. The company is headquartered in Majuro, Marshall Islands. Rubico Inc. operates independently of Top Ships Inc. as of August 1, 2025.