Transocean Ltd (RIG) - Net Assets
Based on the latest financial reports, Transocean Ltd (RIG) has net assets worth $8.19 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.15 Billion) and total liabilities ($6.96 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 tangible equity quality of Transocean Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $8.19 Billion |
| % of Total Assets | 54.07% |
| Annual Growth Rate | 13.97% |
| 5-Year Change | -27.65% |
| 10-Year Change | -48.7% |
| Growth Volatility | 76.95 |
Transocean Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Transocean Ltd's net assets have evolved over time, based on quarterly financial data. See Transocean Ltd (RIG) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Transocean Ltd (1992–2025)
The table below shows the annual net assets of Transocean Ltd from 1992 to 2025. For live valuation and market cap data, see Transocean Ltd (RIG) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $8.11 Billion | -21.17% |
| 2024-12-31 | $10.29 Billion | -1.26% |
| 2023-12-31 | $10.42 Billion | -3.48% |
| 2022-12-31 | $10.79 Billion | -3.69% |
| 2021-12-31 | $11.21 Billion | -2.00% |
| 2020-12-31 | $11.44 Billion | -3.64% |
| 2019-12-31 | $11.87 Billion | -9.51% |
| 2018-12-31 | $13.11 Billion | +3.17% |
| 2017-12-31 | $12.71 Billion | -19.58% |
| 2016-12-31 | $15.80 Billion | +6.73% |
| 2015-12-31 | $14.81 Billion | +5.91% |
| 2014-12-31 | $13.98 Billion | -16.20% |
| 2013-12-31 | $16.68 Billion | +6.07% |
| 2012-12-31 | $15.73 Billion | -0.49% |
| 2011-12-31 | $15.81 Billion | -26.05% |
| 2010-12-31 | $21.38 Billion | +3.97% |
| 2009-12-31 | $20.56 Billion | +24.40% |
| 2008-12-31 | $16.53 Billion | +31.47% |
| 2007-12-31 | $12.57 Billion | +83.79% |
| 2006-12-31 | $6.84 Billion | -14.34% |
| 2005-12-31 | $7.99 Billion | +7.96% |
| 2004-12-31 | $7.40 Billion | +2.84% |
| 2003-12-31 | $7.19 Billion | +0.72% |
| 2002-12-31 | $7.14 Billion | -34.54% |
| 2001-12-31 | $10.91 Billion | +172.48% |
| 2000-12-31 | $4.00 Billion | +2.40% |
| 1999-12-31 | $3.91 Billion | +97.62% |
| 1998-12-31 | $1.98 Billion | +20.99% |
| 1997-12-31 | $1.64 Billion | +0.47% |
| 1996-12-31 | $1.63 Billion | +9.78% |
| 1995-12-31 | $1.48 Billion | +361.76% |
| 1994-12-31 | $321.10 Million | +2.16% |
| 1993-12-31 | $314.30 Million | +189.68% |
| 1992-12-31 | $108.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Transocean 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 12658.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $110.00 Million | 1.36% |
| Other Comprehensive Income | $-146.00 Million | -1.80% |
| Other Components | $15.60 Billion | 192.45% |
| Total Equity | $8.11 Billion | 100.00% |
Transocean Ltd Competitors by Market Cap
The table below lists competitors of Transocean Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maxis Bhd
KLSE:6012
|
$6.51 Billion |
|
ConAgra Foods Inc
NYSE:CAG
|
$6.51 Billion |
|
Rayonier Inc
NYSE:RYN
|
$6.51 Billion |
|
Fraport AG
XETRA:FRA
|
$6.51 Billion |
|
ISS A/S
CO:ISS
|
$6.51 Billion |
|
XP Inc
F:XP9
|
$6.51 Billion |
|
Compass Inc
NYSE:COMP
|
$6.51 Billion |
|
Covivio SA
PA:COV
|
$6.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Transocean Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,284,000,000 to 8,108,000,000, a change of -2,176,000,000 (-21.2%).
- Net loss of 2,915,000,000 reduced equity.
- Share repurchases of 421,000,000 reduced equity.
- New share issuances of 421,000,000 increased equity.
- Other comprehensive income decreased equity by 8,000,000.
- Other factors increased equity by 747,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-2.92 Billion | -35.95% |
| Share Repurchases | $421.00 Million | -5.19% |
| Share Issuances | $421.00 Million | +5.19% |
| Other Comprehensive Income | $-8.00 Million | -0.1% |
| Other Changes | $747.00 Million | +9.21% |
| Total Change | $- | -21.16% |
Book Value vs Market Value Analysis
This analysis compares Transocean 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: 0.69x
- 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 1.97x to 0.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | $2.96 | $5.83 | x |
| 1993-12-31 | $6.54 | $5.83 | x |
| 1994-12-31 | $5.67 | $5.83 | x |
| 1995-12-31 | $26.09 | $5.83 | x |
| 1996-12-31 | $22.64 | $5.83 | x |
| 1997-12-31 | $14.92 | $5.83 | x |
| 1998-12-31 | $18.05 | $5.83 | x |
| 1999-12-31 | $35.66 | $5.83 | x |
| 2000-12-31 | $18.91 | $5.83 | x |
| 2001-12-31 | $34.55 | $5.83 | x |
| 2002-12-31 | $22.37 | $5.83 | x |
| 2003-12-31 | $22.38 | $5.83 | x |
| 2004-12-31 | $23.05 | $5.83 | x |
| 2005-12-31 | $23.97 | $5.83 | x |
| 2006-12-31 | $29.98 | $5.83 | x |
| 2007-12-31 | $56.60 | $5.83 | x |
| 2008-12-31 | $51.48 | $5.83 | x |
| 2009-12-31 | $64.02 | $5.83 | x |
| 2010-12-31 | $66.82 | $5.83 | x |
| 2011-12-31 | $48.76 | $5.83 | x |
| 2012-12-31 | $44.23 | $5.83 | x |
| 2013-12-31 | $46.36 | $5.83 | x |
| 2014-12-31 | $37.77 | $5.83 | x |
| 2015-12-31 | $39.94 | $5.83 | x |
| 2016-12-31 | $43.06 | $5.83 | x |
| 2017-12-31 | $32.50 | $5.83 | x |
| 2018-12-31 | $28.01 | $5.83 | x |
| 2019-12-31 | $19.38 | $5.83 | x |
| 2020-12-31 | $18.59 | $5.83 | x |
| 2021-12-31 | $17.59 | $5.83 | x |
| 2022-12-31 | $15.44 | $5.83 | x |
| 2023-12-31 | $13.56 | $5.83 | x |
| 2024-12-31 | $11.12 | $5.83 | x |
| 2025-12-31 | $8.45 | $5.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Transocean 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): -35.95%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.52%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.93x
- Recent ROE (-35.95%) is below the historical average (0.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 0.09% | 0.05% | 0.49x | 3.93x | $-10.75 Million |
| 1993 | 5.50% | 6.38% | 0.57x | 1.50x | $-14.13 Million |
| 1994 | 44.04% | 8.15% | 3.52x | 1.54x | $109.29 Million |
| 1995 | 13.01% | 11.00% | 0.50x | 2.37x | $44.63 Million |
| 1996 | 4.79% | 14.76% | 0.22x | 1.50x | $-84.73 Million |
| 1997 | 15.93% | 29.22% | 0.20x | 2.71x | $96.92 Million |
| 1998 | 17.26% | 31.32% | 0.34x | 1.64x | $143.72 Million |
| 1999 | 1.49% | 8.96% | 0.11x | 1.57x | $-332.91 Million |
| 2000 | 2.71% | 8.82% | 0.19x | 1.59x | $-291.91 Million |
| 2001 | 2.32% | 8.96% | 0.17x | 1.56x | $-838.43 Million |
| 2002 | -52.26% | -139.57% | 0.21x | 1.77x | $-4.45 Billion |
| 2003 | 0.27% | 0.79% | 0.21x | 1.62x | $-700.06 Million |
| 2004 | 2.06% | 5.82% | 0.24x | 1.46x | $-587.06 Million |
| 2005 | 8.97% | 24.76% | 0.28x | 1.31x | $-82.17 Million |
| 2006 | 20.26% | 35.68% | 0.34x | 1.68x | $701.40 Million |
| 2007 | 24.92% | 49.10% | 0.19x | 2.73x | $1.87 Billion |
| 2008 | 24.39% | 31.81% | 0.36x | 2.13x | $2.38 Billion |
| 2009 | 15.48% | 27.53% | 0.32x | 1.77x | $1.13 Billion |
| 2010 | 4.33% | 11.65% | 0.22x | 1.72x | $-1.21 Billion |
| 2011 | -36.65% | -71.68% | 0.23x | 2.23x | $-7.32 Billion |
| 2012 | -1.39% | -2.45% | 0.26x | 2.18x | $-1.79 Billion |
| 2013 | 8.43% | 15.21% | 0.28x | 1.95x | $-262.10 Million |
| 2014 | -13.45% | -20.02% | 0.32x | 2.08x | $-3.21 Billion |
| 2015 | 5.97% | 11.71% | 0.28x | 1.82x | $-584.80 Million |
| 2016 | 4.92% | 18.70% | 0.15x | 1.70x | $-802.20 Million |
| 2017 | -24.61% | -105.18% | 0.13x | 1.76x | $-4.40 Billion |
| 2018 | -15.23% | -66.14% | 0.12x | 1.96x | $-3.31 Billion |
| 2019 | -10.58% | -40.64% | 0.13x | 2.03x | $-2.44 Billion |
| 2020 | -4.96% | -17.99% | 0.14x | 1.91x | $-1.71 Billion |
| 2021 | -5.28% | -23.16% | 0.12x | 1.85x | $-1.71 Billion |
| 2022 | -5.75% | -24.12% | 0.13x | 1.89x | $-1.70 Billion |
| 2023 | -9.16% | -33.69% | 0.14x | 1.94x | $-2.00 Billion |
| 2024 | -4.98% | -14.53% | 0.18x | 1.88x | $-1.54 Billion |
| 2025 | -35.95% | -73.52% | 0.25x | 1.93x | $-3.73 Billion |
Industry Comparison
This section compares Transocean 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: $2,732,765,918
- Average return on equity (ROE) among peers: 8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Transocean Ltd (RIG) | $8.19 Billion | 0.09% | 0.85x | $6.51 Billion |
| Borr Drilling Ltd (BORR) | $993.30 Million | 8.27% | 2.44x | $1.42 Billion |
| Helmerich and Payne Inc (HP) | $493.30 Million | 2.19% | 0.19x | $3.70 Billion |
| Nabors Industries Ltd. (NBR) | $1.81 Billion | 7.60% | 0.74x | $1.41 Billion |
| Noble Corporation plc (NE) | $7.42 Billion | 6.73% | 0.73x | $7.20 Billion |
| Patterson-UTI Energy Inc (PTEN) | $302.81 Million | 7.84% | 0.36x | $4.05 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 | $6.00 Billion |
About Transocean Ltd
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmers… Read more