Diana Shipping Inc. (DSX) - Net Assets
Based on the latest financial reports, Diana Shipping Inc. (DSX) has net assets worth $499.73 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 ($1.18 Billion) and total liabilities ($684.13 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 DSX asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $499.73 Million |
| % of Total Assets | 42.21% |
| Annual Growth Rate | 14.35% |
| 5-Year Change | 17.85% |
| 10-Year Change | -58.55% |
| Growth Volatility | 95.92 |
Diana Shipping Inc. - Net Assets Trend (2001–2024)
This chart illustrates how Diana Shipping Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore DSX current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Diana Shipping Inc. (2001–2024)
The table below shows the annual net assets of Diana Shipping Inc. from 2001 to 2024. For live valuation and market cap data, see Diana Shipping Inc. (DSX) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $505.06 Million | +3.28% |
| 2023-12-31 | $489.02 Million | +0.35% |
| 2022-12-31 | $487.33 Million | +23.87% |
| 2021-12-31 | $393.40 Million | -8.21% |
| 2020-12-31 | $428.57 Million | -24.82% |
| 2019-12-31 | $570.06 Million | -9.18% |
| 2018-12-31 | $627.68 Million | +0.47% |
| 2017-12-31 | $624.76 Million | -40.87% |
| 2016-12-31 | $1.06 Billion | -13.28% |
| 2015-12-31 | $1.22 Billion | -4.98% |
| 2014-12-31 | $1.28 Billion | +2.30% |
| 2013-12-31 | $1.25 Billion | -1.03% |
| 2012-12-31 | $1.27 Billion | +4.76% |
| 2011-12-31 | $1.21 Billion | +3.33% |
| 2010-12-31 | $1.17 Billion | +17.07% |
| 2009-12-31 | $999.33 Million | +28.87% |
| 2008-12-31 | $775.48 Million | -3.00% |
| 2007-12-31 | $799.47 Million | +120.18% |
| 2006-12-31 | $363.10 Million | +12.01% |
| 2005-12-31 | $324.16 Million | +448.94% |
| 2004-12-31 | $59.05 Million | +21.90% |
| 2003-12-31 | $48.44 Million | +106.29% |
| 2002-12-31 | $23.48 Million | +1.57% |
| 2001-12-31 | $23.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Diana Shipping Inc.'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 63589600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.25 Million | 0.25% |
| Other Comprehensive Income | $312.00K | 0.06% |
| Other Components | $1.14 Billion | 225.60% |
| Total Equity | $505.06 Million | 100.00% |
Diana Shipping Inc. Competitors by Market Cap
The table below lists competitors of Diana Shipping Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Great China Metal Industry Co Ltd
TW:9905
|
$206.12 Million |
|
Future Park Leasehold Property Fund
BK:FUTUREPF
|
$206.33 Million |
|
Acme Electronics
TWO:8121
|
$206.35 Million |
|
Argo Pantes Tbk
JK:ARGO
|
$206.46 Million |
|
CANAAN INC SP.ADR CL.A
F:35J
|
$206.07 Million |
|
Vakif Finansal Kiralama AS
IS:VAKFN
|
$206.06 Million |
|
029 GROUP SE INH O.N.
XETRA:Z29
|
$206.00 Million |
|
China Rare Earth Holdings Limited
F:RAE
|
$205.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Diana Shipping Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 489,021,000 to 505,057,000, a change of 16,036,000 (3.3%).
- Net income of 12,746,000 contributed positively to equity growth.
- Dividend payments of 34,773,000 reduced retained earnings.
- Share repurchases of 24,195,000 reduced equity.
- New share issuances of 24,195,000 increased equity.
- Other comprehensive income increased equity by 4,000.
- Other factors increased equity by 38,059,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $12.75 Million | +2.52% |
| Dividends Paid | $34.77 Million | -6.88% |
| Share Repurchases | $24.20 Million | -4.79% |
| Share Issuances | $24.20 Million | +4.79% |
| Other Comprehensive Income | $4.00K | +0.0% |
| Other Changes | $38.06 Million | +7.54% |
| Total Change | $- | 3.28% |
Book Value vs Market Value Analysis
This analysis compares Diana Shipping Inc.'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: 0.63x
- 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 0.43x to 0.63x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $6.28 | $2.69 | x |
| 2002-12-31 | $5.46 | $2.69 | x |
| 2003-12-31 | $1.91 | $2.69 | x |
| 2004-12-31 | $2.14 | $2.69 | x |
| 2005-12-31 | $8.58 | $2.69 | x |
| 2006-12-31 | $7.33 | $2.69 | x |
| 2007-12-31 | $12.54 | $2.69 | x |
| 2008-12-31 | $10.40 | $2.69 | x |
| 2009-12-31 | $12.75 | $2.69 | x |
| 2010-12-31 | $14.00 | $2.69 | x |
| 2011-12-31 | $14.90 | $2.69 | x |
| 2012-12-31 | $15.62 | $2.69 | x |
| 2013-12-31 | $15.41 | $2.69 | x |
| 2014-12-31 | $15.77 | $2.69 | x |
| 2015-12-31 | $15.32 | $2.69 | x |
| 2016-12-31 | $13.13 | $2.69 | x |
| 2017-12-31 | $6.53 | $2.69 | x |
| 2018-12-31 | $5.99 | $2.69 | x |
| 2019-12-31 | $5.99 | $2.69 | x |
| 2020-12-31 | $4.98 | $2.69 | x |
| 2021-12-31 | $4.64 | $2.69 | x |
| 2022-12-31 | $5.85 | $2.69 | x |
| 2023-12-31 | $4.80 | $2.69 | x |
| 2024-12-31 | $4.26 | $2.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Diana Shipping Inc. 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): 2.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.59%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.32x
- Recent ROE (2.52%) is below the historical average (6.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -1.70% | -3.45% | 0.14x | 3.61x | $-2.70 Million |
| 2002 | 0.32% | 0.64% | 0.15x | 3.40x | $-2.27 Million |
| 2003 | 19.59% | 37.54% | 0.19x | 2.79x | $4.64 Million |
| 2004 | 101.75% | 94.12% | 0.41x | 2.64x | $54.18 Million |
| 2005 | 20.05% | 63.03% | 0.30x | 1.05x | $32.57 Million |
| 2006 | 16.82% | 52.59% | 0.23x | 1.41x | $24.75 Million |
| 2007 | 16.79% | 70.46% | 0.20x | 1.18x | $54.27 Million |
| 2008 | 28.59% | 65.71% | 0.32x | 1.36x | $144.15 Million |
| 2009 | 12.16% | 50.76% | 0.18x | 1.32x | $21.57 Million |
| 2010 | 11.38% | 46.75% | 0.17x | 1.40x | $15.63 Million |
| 2011 | 8.89% | 41.86% | 0.16x | 1.33x | $-13.39 Million |
| 2012 | 4.31% | 24.48% | 0.13x | 1.38x | $-72.00 Million |
| 2013 | -1.69% | -12.89% | 0.10x | 1.36x | $-146.54 Million |
| 2014 | -0.80% | -5.85% | 0.10x | 1.39x | $-138.49 Million |
| 2015 | -5.31% | -41.03% | 0.09x | 1.51x | $-186.55 Million |
| 2016 | -15.54% | -143.74% | 0.07x | 1.58x | $-269.90 Million |
| 2017 | -81.91% | -316.07% | 0.13x | 2.00x | $-574.19 Million |
| 2018 | 10.73% | 29.77% | 0.19x | 1.89x | $4.57 Million |
| 2019 | -1.85% | -4.77% | 0.21x | 1.88x | $-67.54 Million |
| 2020 | -31.31% | -79.06% | 0.19x | 2.04x | $-177.05 Million |
| 2021 | 14.59% | 26.79% | 0.25x | 2.14x | $18.05 Million |
| 2022 | 24.43% | 41.06% | 0.25x | 2.43x | $70.33 Million |
| 2023 | 10.19% | 19.02% | 0.22x | 2.39x | $941.90K |
| 2024 | 2.52% | 5.59% | 0.19x | 2.32x | $-37.76 Million |
Industry Comparison
This section compares Diana Shipping Inc.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $594,080,504
- Average return on equity (ROE) among peers: 4.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Diana Shipping Inc. (DSX) | $499.73 Million | -1.70% | 1.37x | $206.08 Million |
| Ardmore Shpng (ASC) | $232.36 Million | -1.65% | 0.54x | $552.67 Million |
| BW LPG Limited (BWLP) | $1.25 Billion | 19.48% | 0.93x | $2.23 Billion |
| Capital Clean Energy Carriers Corp. (CCEC) | $573.83 Million | -3.58% | 0.86x | $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) | $1.35 Billion | 0.66% | 1.23x | $2.08 Billion |
| Castor Maritime Inc (CTRM) | $13.20 Million | 8.24% | 1.30x | $19.61 Million |
| Danaos Corporation (DAC) | $690.85 Million | -4.77% | 2.88x | $2.12 Billion |
| Okeanis Eco Tankers Corp. (ECO) | $410.43 Million | 26.52% | 1.64x | $1.68 Billion |
About Diana Shipping Inc.
Diana Shipping Inc. provides shipping transportation services worldwide. It also engages in the ownership and bareboat charter-in of dry bulk carriers. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes. As of March 24, 2025, it operated a fleet of 37 dry bulk vessels, including 4 Newcastlemax, 8 Capesiz… Read more