Toro Ltd (TORO) - Net Assets
Based on the latest financial reports, Toro Ltd (TORO) has net assets worth $381.33 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 ($388.13 Million) and total liabilities ($6.80 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. Explore cash efficiency ratio of Toro Ltd to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $381.33 Million |
| % of Total Assets | 98.25% |
| Annual Growth Rate | 45.68% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 43.38 |
Toro Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Toro Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see how much is Toro Ltd worth.
Annual Net Assets for Toro Ltd (2021–2024)
The table below shows the annual net assets of Toro Ltd from 2021 to 2024. Read total liabilities of Toro Ltd for a breakdown of total debt and financial obligations.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $321.71 Million | +8.56% |
| 2023-12-31 | $296.34 Million | +110.92% |
| 2022-12-31 | $140.50 Million | +35.05% |
| 2021-12-31 | $104.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Toro 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 14042144900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $140.42 Million | 43.65% |
| Common Stock | $19.09K | 0.01% |
| Other Components | $181.27 Million | 56.35% |
| Total Equity | $321.71 Million | 100.00% |
Toro Ltd Competitors by Market Cap
The table below lists competitors of Toro Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EDAG Engineering Group AG
XETRA:ED4
|
$113.99 Million |
|
Ultra Chip
TWO:3141
|
$114.02 Million |
|
CEA Industries Inc.
NASDAQ:BNC
|
$114.12 Million |
|
Diploma PLC
LSE:DPLM
|
$114.13 Million |
|
Procaps Group SA
NASDAQ:PROC
|
$113.95 Million |
|
IZMO Limited
NSE:IZMO
|
$113.95 Million |
|
ELEMENT 29 RESOURCES INC
F:2IK
|
$113.94 Million |
|
GR Silver Mining Ltd
V:GRSL
|
$113.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Toro Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 296,342,609 to 321,711,626, a change of 25,369,017 (8.6%).
- Net income of 25,207,504 contributed positively to equity growth.
- Dividend payments of 1,400,000 reduced retained earnings.
- Share repurchases of 3,728,008 reduced equity.
- Other factors increased equity by 5,289,521.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $25.21 Million | +7.84% |
| Dividends Paid | $1.40 Million | -0.44% |
| Share Repurchases | $3.73 Million | -1.16% |
| Other Changes | $5.29 Million | +1.64% |
| Total Change | $- | 8.56% |
Book Value vs Market Value Analysis
This analysis compares Toro 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: 0.37x
- 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 0.63x to 0.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $11.00 | $6.90 | x |
| 2022-12-31 | $14.85 | $6.90 | x |
| 2023-12-31 | $16.04 | $6.90 | x |
| 2024-12-31 | $18.49 | $6.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Toro 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): 7.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 112.56%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.01x
- Recent ROE (7.84%) is below the historical average (22.36%), 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 | -1.37% | -4.89% | 0.24x | 1.19x | $-11.83 Million |
| 2022 | 35.54% | 319.27% | 0.10x | 1.12x | $35.88 Million |
| 2023 | 47.46% | 179.23% | 0.25x | 1.04x | $111.00 Million |
| 2024 | 7.84% | 112.56% | 0.07x | 1.01x | $-6.96 Million |
Industry Comparison
This section compares Toro Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $619,992,212
- Average return on equity (ROE) among peers: 1415.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Toro Ltd (TORO) | $381.33 Million | -1.37% | 0.02x | $113.97 Million |
| Antero Midstream Partners LP (AM) | $10.27 Million | 94.57% | 0.69x | $10.11 Billion |
| CBL International Limited Ordinary Shares (BANL) | $8.43 Million | 42.35% | 2.20x | $12.00 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $59.00K | 13772.88% | 3.51x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $60.98 Million | 25.78% | 2.28x | $284.93 Million |
| Cheniere Energy Partners LP (CQP) | $539.00 Million | 219.48% | 34.52x | $30.40 Billion |
| Cheniere Energy Partners LP (CQP) | $1.13 Billion | -36.26% | 8.19x | $25.77 Billion |
| DHT Holdings Inc (DHT) | $191.92 Million | 8.78% | 1.70x | $2.56 Billion |
| Dynagas LNG Partners LP (DLNG) | $367.84 Million | 18.17% | 2.01x | $143.35 Million |
| DT Midstream Inc (DTM) | $4.23 Billion | 7.38% | 0.97x | $12.24 Billion |
| Excelerate Energy Inc (EE) | $-337.30 Million | 0.00% | 0.00x | $1.08 Billion |
About Toro Ltd
Toro Corp., a shipping company, acquires, owns, charters, and operates oceangoing LPG carrier vessels worldwide. It operates through Handysize Tanker and LPG Carrier segments. The company also provides energy seaborne transportation services for LPG. As of December 31, 2024, it operated through a fleet of four LPG carrier vessels and one Handysize tanker vessel with an aggregate cargo carrying ca… Read more