Global Ship Lease Inc
Global Ship Lease, Inc., together with its subsidiaries, engages in owning and chartering of containerships under fixed-rate charters to container shipping companies worldwide. As of March 10, 2025, it owned 70 mid-sized and smaller containerships, ranging from 2,207 to 11,040 twenty-foot equivalent unit (TEU), with an aggregate capacity of 404,681 TEU. The company was formerly known as Marathon … Read more
Global Ship Lease Inc (GSL) - Net Assets
Latest net assets as of September 2025: $1.72 Billion USD
Based on the latest financial reports, Global Ship Lease Inc (GSL) has net assets worth $1.72 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.67 Billion) and total liabilities ($950.88 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.72 Billion |
| % of Total Assets | 64.36% |
| Annual Growth Rate | 12.7% |
| 5-Year Change | 214.9% |
| 10-Year Change | 268.85% |
| Growth Volatility | 57.09 |
Global Ship Lease Inc - Net Assets Trend (2006–2024)
This chart illustrates how Global Ship Lease Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Global Ship Lease Inc (2006–2024)
The table below shows the annual net assets of Global Ship Lease Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.46 Billion | +23.56% |
| 2023-12-31 | $1.18 Billion | +22.55% |
| 2022-12-31 | $966.49 Million | +35.64% |
| 2021-12-31 | $712.55 Million | +53.32% |
| 2020-12-31 | $464.74 Million | +14.35% |
| 2019-12-31 | $406.40 Million | +28.46% |
| 2018-12-31 | $316.36 Million | +25.74% |
| 2017-12-31 | $251.60 Million | -23.50% |
| 2016-12-31 | $328.89 Million | -17.11% |
| 2015-12-31 | $396.77 Million | -9.44% |
| 2014-12-31 | $438.14 Million | +9.68% |
| 2013-12-31 | $399.47 Million | +8.97% |
| 2012-12-31 | $366.59 Million | +9.69% |
| 2011-12-31 | $334.20 Million | +2.97% |
| 2010-12-31 | $324.56 Million | -0.91% |
| 2009-12-31 | $327.56 Million | +11.02% |
| 2008-12-31 | $295.04 Million | +237.28% |
| 2007-12-31 | $87.47 Million | -48.54% |
| 2006-12-31 | $170.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Global Ship Lease 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 grown by 29131.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $773.76 Million | 52.87% |
| Common Stock | $355.00K | 0.02% |
| Other Comprehensive Income | $8.62 Million | 0.59% |
| Other Components | $680.74 Million | 46.52% |
| Total Equity | $1.46 Billion | 100.00% |
Global Ship Lease Inc Competitors by Market Cap
The table below lists competitors of Global Ship Lease Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Supermarket Income REIT plc
PINK:SUPIF
|
$1.23 Billion |
|
Shanghai Yuyuan Tourist Mart Co Ltd
SHG:600655
|
$1.23 Billion |
|
Henan Yicheng New Energy Co Ltd
SHE:300080
|
$1.23 Billion |
|
ChipMOS Technologies Inc
NASDAQ:IMOS
|
$1.23 Billion |
|
Anhui Andeli Department Store Co Ltd
SHG:603031
|
$1.23 Billion |
|
Bumi Resources Minerals Tbk
JK:BRMS
|
$1.23 Billion |
|
JYP Entertainment Corporation
KQ:035900
|
$1.23 Billion |
|
Autek China Inc
SHE:300595
|
$1.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Global Ship Lease Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,184,388,000 to 1,463,481,000, a change of 279,093,000 (23.6%).
- Net income of 353,628,000 contributed positively to equity growth.
- Dividend payments of 67,974,000 reduced retained earnings.
- Share repurchases of 4,994,000 reduced equity.
- New share issuances of 445,000 increased equity.
- Other comprehensive income decreased equity by 10,716,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $353.63 Million | +24.16% |
| Dividends Paid | $67.97 Million | -4.64% |
| Share Repurchases | $4.99 Million | -0.34% |
| Share Issuances | $445.00K | +0.03% |
| Other Comprehensive Income | $-10.72 Million | -0.73% |
| Other Changes | $8.70 Million | +0.59% |
| Total Change | $- | 23.56% |
Book Value vs Market Value Analysis
This analysis compares Global Ship Lease 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: 0.92x
- 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 0.00x to 0.92x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $13599.68 | $37.82 | x |
| 2007-12-31 | $6998.00 | $37.82 | x |
| 2008-12-31 | $57.28 | $37.82 | x |
| 2009-12-31 | $48.38 | $37.82 | x |
| 2010-12-31 | $47.80 | $37.82 | x |
| 2011-12-31 | $56.35 | $37.82 | x |
| 2012-12-31 | $61.57 | $37.82 | x |
| 2013-12-31 | $66.90 | $37.82 | x |
| 2014-12-31 | $73.29 | $37.82 | x |
| 2015-12-31 | $57.51 | $37.82 | x |
| 2016-12-31 | $47.61 | $37.82 | x |
| 2017-12-31 | $36.34 | $37.82 | x |
| 2018-12-31 | $42.52 | $37.82 | x |
| 2019-12-31 | $33.43 | $37.82 | x |
| 2020-12-31 | $25.82 | $37.82 | x |
| 2021-12-31 | $20.07 | $37.82 | x |
| 2022-12-31 | $25.98 | $37.82 | x |
| 2023-12-31 | $32.96 | $37.82 | x |
| 2024-12-31 | $41.13 | $37.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Global Ship Lease 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): 24.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.12%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.62x
- Recent ROE (24.16%) is above the historical average (5.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.22% | 10.91% | 0.87x | 2.03x | $15.68 Million |
| 2007 | 19.18% | 5.01% | 0.50x | 7.71x | $8.03 Million |
| 2008 | -12.39% | -37.66% | 0.10x | 3.28x | $-66.06 Million |
| 2009 | 12.94% | 28.49% | 0.14x | 3.14x | $9.62 Million |
| 2010 | -1.22% | -2.50% | 0.16x | 3.02x | $-36.43 Million |
| 2011 | 2.71% | 5.80% | 0.17x | 2.81x | $-24.35 Million |
| 2012 | 8.71% | 20.84% | 0.17x | 2.47x | $-4.73 Million |
| 2013 | 8.14% | 22.71% | 0.17x | 2.15x | $-7.43 Million |
| 2014 | 1.39% | 4.41% | 0.16x | 2.02x | $-37.70 Million |
| 2015 | -7.28% | -17.51% | 0.18x | 2.28x | $-68.55 Million |
| 2016 | -19.79% | -39.09% | 0.21x | 2.36x | $-97.98 Million |
| 2017 | -29.52% | -46.71% | 0.24x | 2.68x | $-99.43 Million |
| 2018 | -18.13% | -36.52% | 0.13x | 3.90x | $-89.00 Million |
| 2019 | 9.80% | 15.26% | 0.19x | 3.33x | $-802.20K |
| 2020 | 8.94% | 14.72% | 0.22x | 2.74x | $-4.91 Million |
| 2021 | 24.07% | 42.60% | 0.20x | 2.80x | $100.24 Million |
| 2022 | 30.31% | 48.46% | 0.29x | 2.18x | $196.28 Million |
| 2023 | 25.71% | 45.67% | 0.31x | 1.83x | $186.06 Million |
| 2024 | 24.16% | 50.12% | 0.30x | 1.62x | $207.28 Million |
Industry Comparison
This section compares Global Ship Lease Inc's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,395,502,135
- Average return on equity (ROE) among peers: 27.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Global Ship Lease Inc (GSL) | $1.72 Billion | 19.22% | 0.55x | $1.23 Billion |
| Algoma Central Corporation (AGMJF) | $561.09 Million | 7.47% | 0.66x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $28.84 Billion | -0.29% | 0.92x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $42.23 Billion | 11.88% | 0.63x | $12.49 Billion |
| Ardmore Shpng (ASC) | $635.42 Million | 20.93% | 0.11x | $521.51 Million |
| American Shipping Company ASA (ASCJF) | $72.80 Million | 42.46% | 11.81x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $12.57 Million | 60.31% | 2.60x | $9.80 |
| Braemar Shipping Services Plc (BSEAF) | $100.17 Million | 0.19% | 0.55x | $79.62 Million |
| BW LPG Limited (BWLP) | $983.62 Million | -6.82% | 1.30x | $1.15 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $517.33 Million | 16.20% | 1.31x | $178.04 Million |