Borr Drilling Ltd
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa. The company owns, contracts, and operates jack-up drilling rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling an… Read more
Borr Drilling Ltd (BORR) - Net Assets
Latest net assets as of December 2025: $1.22 Billion USD
Based on the latest financial reports, Borr Drilling Ltd (BORR) has net assets worth $1.22 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.63 Billion) and total liabilities ($2.40 Billion). 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 | $1.22 Billion |
| % of Total Assets | 33.72% |
| Annual Growth Rate | 25.54% |
| 5-Year Change | 37.39% |
| 10-Year Change | N/A |
| Growth Volatility | 266.6 |
Borr Drilling Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Borr Drilling Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Borr Drilling Ltd (2016–2025)
The table below shows the annual net assets of Borr Drilling Ltd from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.22 Billion | +23.08% |
| 2024-12-31 | $993.30 Million | +0.95% |
| 2023-12-31 | $984.00 Million | +9.60% |
| 2022-12-31 | $897.80 Million | +0.89% |
| 2021-12-31 | $889.90 Million | -14.17% |
| 2020-12-31 | $1.04 Billion | -19.88% |
| 2019-12-31 | $1.29 Billion | -15.61% |
| 2018-12-31 | $1.53 Billion | +2.72% |
| 2017-12-31 | $1.49 Billion | +845.81% |
| 2016-12-31 | $157.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Borr Drilling 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 123104500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.60 Million | 2.58% |
| Other Components | $2.42 Billion | 198.17% |
| Total Equity | $1.22 Billion | 100.00% |
Borr Drilling Ltd Competitors by Market Cap
The table below lists competitors of Borr Drilling Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai Mar&Fi
KO:001450
|
$1.19 Billion |
|
Ushio Inc
PINK:UHOIF
|
$1.19 Billion |
|
Vaisala Oyj
PINK:VAIAF
|
$1.19 Billion |
|
Charter Hall Long WALE REIT
PINK:CHLWF
|
$1.19 Billion |
|
Angang Steel Co Ltd Class A
SHE:000898
|
$1.19 Billion |
|
Redwire Corp
NYSE:RDW
|
$1.19 Billion |
|
Bodycote plc
PINK:BYPLF
|
$1.19 Billion |
|
Sanxiang Advanced Materials
SHG:603663
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Borr Drilling Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 993,300,000 to 1,222,600,000, a change of 229,300,000 (23.1%).
- Net income of 45,000,000 contributed positively to equity growth.
- Dividend payments of 4,700,000 reduced retained earnings.
- Share repurchases of 200,000 reduced equity.
- New share issuances of 177,200,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $45.00 Million | +3.68% |
| Dividends Paid | $4.70 Million | -0.38% |
| Share Repurchases | $200.00K | -0.02% |
| Share Issuances | $177.20 Million | +14.49% |
| Other Changes | $12.00 Million | +0.98% |
| Total Change | $- | 23.08% |
Book Value vs Market Value Analysis
This analysis compares Borr Drilling 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: 1.09x
- 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 3.21x to 1.09x 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 | $1.56 | $5.02 | x |
| 2017-12-31 | $56.13 | $5.02 | x |
| 2018-12-31 | $29.78 | $5.02 | x |
| 2019-12-31 | $24.08 | $5.02 | x |
| 2020-12-31 | $13.79 | $5.02 | x |
| 2021-12-31 | $6.61 | $5.02 | x |
| 2022-12-31 | $5.03 | $5.02 | x |
| 2023-12-31 | $3.97 | $5.02 | x |
| 2024-12-31 | $3.90 | $5.02 | x |
| 2025-12-31 | $4.62 | $5.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Borr Drilling 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): 3.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.41%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.97x
- Recent ROE (3.68%) is above the historical average (-11.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -0.48% | 0.00% | 0.00x | 1.00x | $-16.54 Million |
| 2017 | -5.90% | -88000.00% | 0.00x | 1.12x | $-237.09 Million |
| 2018 | -12.44% | -115.52% | 0.06x | 1.90x | $-343.68 Million |
| 2019 | -23.00% | -89.08% | 0.10x | 2.53x | $-426.99 Million |
| 2020 | -30.63% | -103.28% | 0.10x | 3.06x | $-421.28 Million |
| 2021 | -21.69% | -78.68% | 0.08x | 3.46x | $-281.99 Million |
| 2022 | -32.61% | -65.98% | 0.15x | 3.34x | $-382.58 Million |
| 2023 | 2.25% | 2.86% | 0.25x | 3.13x | $-76.30 Million |
| 2024 | 8.27% | 8.12% | 0.30x | 3.44x | $-17.23 Million |
| 2025 | 3.68% | 4.41% | 0.28x | 2.97x | $-77.26 Million |
Industry Comparison
This section compares Borr Drilling Ltd's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $76,631,405
- Average return on equity (ROE) among peers: -8.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Borr Drilling Ltd (BORR) | $1.22 Billion | -0.48% | 1.97x | $1.19 Billion |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| AKITA Drilling Ltd (AKTAF) | $124.93 Million | 16.71% | 0.30x | $37.79 Million |
| Archer Limited (ARHVF) | $556.89 Million | 2.23% | 0.75x | $127.09 Million |
| Awilco Drilling PLC (AWLCF) | $-126.95 Million | 0.00% | 0.00x | $16.95 Million |
| Beard Co (BRCOQ) | $10.00 Million | -4.00% | 0.46x | $0.94 |
| Cathedral Energy Services Ltd (CETEF) | $90.77 Million | -6.37% | 0.50x | $68.91 Million |
| EP3Oil, Inc. (EEEP) | $7.39 Million | -22.45% | 0.56x | $101.31 |
| Enseco Energy Services Corp (ENSRF) | $22.49 Million | 0.00% | 0.05x | $0.97 |
| EnerNorth Industries Inc (ENYNF) | $4.54 Million | -66.24% | 2.35x | $0.92 |