Himalaya Shipping Ltd. (HSHP) - Net Assets
Based on the latest financial reports, Himalaya Shipping Ltd. (HSHP) has net assets worth $161.70 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($863.90 Million) and total liabilities ($702.20 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 HSHP cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $161.70 Million |
| % of Total Assets | 18.72% |
| Annual Growth Rate | 15.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.25 |
Himalaya Shipping Ltd. - Net Assets Trend (2021–2025)
This chart illustrates how Himalaya Shipping Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Himalaya Shipping Ltd. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Himalaya Shipping Ltd. (2021–2025)
The table below shows the annual net assets of Himalaya Shipping Ltd. from 2021 to 2025. For live valuation and market cap data, see Himalaya Shipping Ltd. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $161.70 Million | +4.51% |
| 2024-12-31 | $154.72 Million | +0.33% |
| 2023-12-31 | $154.21 Million | +70.72% |
| 2022-12-31 | $90.33 Million | -1.71% |
| 2021-12-31 | $91.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Himalaya Shipping 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 3830000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $37.30 Million | 23.07% |
| Common Stock | $46.70 Million | 28.88% |
| Other Components | $77.70 Million | 48.05% |
| Total Equity | $161.70 Million | 100.00% |
Himalaya Shipping Ltd. Competitors by Market Cap
The table below lists competitors of Himalaya Shipping Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Asiantime International Construction Co Ltd
SHE:002811
|
$630.92 Million |
|
LandOcean Energy Services Co
SHE:300157
|
$631.06 Million |
|
Anhui Huamao Textile Co Ltd
SHE:000850
|
$631.06 Million |
|
Wereldhav B-Sicafi
BR:WEHB
|
$631.16 Million |
|
Grenke AG
XETRA:GLJ
|
$630.58 Million |
|
Xiamen Sunrise Wheel Group Co Ltd
SHE:002593
|
$630.50 Million |
|
Zhangjiagang Freetrade Science and Technology Co Ltd
SHG:600794
|
$630.48 Million |
|
Südwestdeutsche Salzwerke AG
F:SSH
|
$630.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Himalaya Shipping Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 154,719,000 to 161,700,000, a change of 6,981,000 (4.5%).
- Net income of 17,700,000 contributed positively to equity growth.
- Dividend payments of 27,690,101 reduced retained earnings.
- Other factors increased equity by 16,971,101.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.70 Million | +10.95% |
| Dividends Paid | $27.69 Million | -17.12% |
| Other Changes | $16.97 Million | +10.5% |
| Total Change | $- | 4.51% |
Book Value vs Market Value Analysis
This analysis compares Himalaya Shipping 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: 4.25x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.98x to 4.25x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $5.02 | $14.95 | x |
| 2022-12-31 | $2.81 | $14.95 | x |
| 2023-12-31 | $3.99 | $14.95 | x |
| 2024-12-31 | $3.52 | $14.95 | x |
| 2025-12-31 | $3.51 | $14.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Himalaya Shipping 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): 10.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.42%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 5.34x
- Recent ROE (10.95%) is above the historical average (4.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -1.06% | 0.00% | 0.00x | 1.04x | $-10.16 Million |
| 2022 | -2.21% | -24.39% | 0.05x | 1.97x | $-11.03 Million |
| 2023 | 0.98% | 4.12% | 0.06x | 3.89x | $-13.91 Million |
| 2024 | 13.60% | 17.03% | 0.14x | 5.69x | $5.57 Million |
| 2025 | 10.95% | 13.42% | 0.15x | 5.34x | $1.53 Million |
Industry Comparison
This section compares Himalaya Shipping Ltd.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $634,604,954
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Himalaya Shipping Ltd. (HSHP) | $161.70 Million | -1.06% | 4.34x | $630.66 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 |
| Diana Shipping Inc. (DSX) | $999.33 Million | 12.16% | 0.32x | $206.08 Million |
| Okeanis Eco Tankers Corp. (ECO) | $410.43 Million | 26.52% | 1.64x | $1.68 Billion |
About Himalaya Shipping Ltd.
Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company serves major commodity trading, commodity and energy transition, and multi-modal transport companies. As of December 31, 2024, it owned and operated through a fleet of 12 Newcastlemax dry bulk vessels, each with capacity in the range of 210,000 dead weight tons. The company was incorporated in 2021 and is based in H… Read more