Borr Drilling Ltd (BORR) - Net Assets
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. Check Borr Drilling Ltd (BORR) tangible net worth to evaluate the tangible quality of the company's equity base.
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. See BORR days of operational coverage to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see BORR stock market capitalisation.
| 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 |
|---|---|
|
Ipsos SA
PA:IPS
|
$1.30 Billion |
|
Advtech
JSE:ADH
|
$1.30 Billion |
|
Zhejiang Jiahua Energy Chemical Industry Co Ltd
SHG:600273
|
$1.30 Billion |
|
Laurentian Bank Of Canada
TO:LB
|
$1.30 Billion |
|
Yantai China Pet Foods Co Ltd
SHE:002891
|
$1.30 Billion |
|
Superior Plus Corp
TO:SPB
|
$1.30 Billion |
|
Universal Corporation
NYSE:UVV
|
$1.30 Billion |
|
Loma Negra Compania Industrial Argentina SA ADR
NYSE:LOMA
|
$1.30 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: 0.91x
- 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 2.70x to 0.91x 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 | $4.22 | x |
| 2017-12-31 | $56.13 | $4.22 | x |
| 2018-12-31 | $29.81 | $4.22 | x |
| 2019-12-31 | $24.08 | $4.22 | x |
| 2020-12-31 | $13.79 | $4.22 | x |
| 2021-12-31 | $6.61 | $4.22 | x |
| 2022-12-31 | $5.03 | $4.22 | x |
| 2023-12-31 | $3.97 | $4.22 | x |
| 2024-12-31 | $3.90 | $4.22 | x |
| 2025-12-31 | $4.62 | $4.22 | 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 (-11.25%), 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 | -12.42% | -115.52% | 0.06x | 1.90x | $-343.85 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: $3,957,603,418
- Average return on equity (ROE) among peers: 6.67%
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 | $1.30 Billion |
| Helmerich and Payne Inc (HP) | $493.30 Million | 2.19% | 0.19x | $3.49 Billion |
| Nabors Industries Ltd. (NBR) | $1.81 Billion | 7.60% | 0.74x | $1.29 Billion |
| Noble Corporation plc (NE) | $7.42 Billion | 6.73% | 0.73x | $6.65 Billion |
| Patterson-UTI Energy Inc (PTEN) | $302.81 Million | 7.84% | 0.36x | $3.81 Billion |
| Transocean Ltd (RIG) | $10.79 Billion | -5.75% | 0.89x | $5.93 Billion |
| Seadrill Limited (SDRL) | $10.39 Billion | 38.24% | 1.53x | $2.68 Billion |
| Sable Offshore Corp. (SOC) | $23.34K | -7.10% | 12.03x | $586.10 Million |
| Valaris Ltd (VAL) | $454.00 Million | 3.63% | 0.52x | $5.44 Billion |
About Borr Drilling Ltd
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for… Read more