Tsakos Energy Navigation Ltd
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, such as conventional tankers, LNG carriers, and suezmax DP2 shuttle… Read more
Tsakos Energy Navigation Ltd (TEN) - Net Assets
Latest net assets as of September 2025: $1.84 Billion USD
Based on the latest financial reports, Tsakos Energy Navigation Ltd (TEN) has net assets worth $1.84 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 ($3.90 Billion) and total liabilities ($2.06 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.84 Billion |
| % of Total Assets | 47.18% |
| Annual Growth Rate | -1.81% |
| 5-Year Change | 27.89% |
| 10-Year Change | 24.88% |
| Growth Volatility | 112.11 |
Tsakos Energy Navigation Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Tsakos Energy Navigation Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tsakos Energy Navigation Ltd (1996–2024)
The table below shows the annual net assets of Tsakos Energy Navigation Ltd from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.77 Billion | +6.93% |
| 2023-12-31 | $1.65 Billion | +8.52% |
| 2022-12-31 | $1.52 Billion | +17.89% |
| 2021-12-31 | $1.29 Billion | -6.52% |
| 2020-12-31 | $1.38 Billion | -6.15% |
| 2019-12-31 | $1.47 Billion | -2.29% |
| 2018-12-31 | $1.51 Billion | -0.09% |
| 2017-12-31 | $1.51 Billion | +6.40% |
| 2016-12-31 | $1.42 Billion | +0.17% |
| 2015-12-31 | $1.42 Billion | +20.13% |
| 2014-12-31 | $1.18 Billion | +18.07% |
| 2013-12-31 | $997.66 Million | +7.64% |
| 2012-12-31 | $926.84 Million | +0.84% |
| 2011-12-31 | $919.16 Million | -9.88% |
| 2010-12-31 | $1.02 Billion | +11.55% |
| 2009-12-31 | $914.33 Million | -0.09% |
| 2008-12-31 | $915.12 Million | +6.67% |
| 2007-12-31 | $857.93 Million | +13.59% |
| 2006-12-31 | $755.27 Million | +24.39% |
| 2005-12-31 | $607.19 Million | +16.87% |
| 2004-12-31 | $519.52 Million | +541.38% |
| 2003-12-31 | $81.00 Million | +208.00% |
| 2002-12-31 | $-75.00 Million | -184.27% |
| 2001-12-31 | $89.00 Million | -74.13% |
| 2000-12-31 | $344.00 Million | -21.46% |
| 1999-12-31 | $438.00 Million | -85.03% |
| 1998-12-31 | $2.92 Billion | -0.91% |
| 1997-12-31 | $2.95 Billion | +0.07% |
| 1996-12-31 | $2.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tsakos Energy Navigation 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 67365100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $652.65 Million | 37.78% |
| Common Stock | $151.54 Million | 8.77% |
| Other Comprehensive Income | $-904.00K | -0.05% |
| Other Components | $924.42 Million | 53.51% |
| Total Equity | $1.73 Billion | 100.00% |
Tsakos Energy Navigation Ltd Competitors by Market Cap
The table below lists competitors of Tsakos Energy Navigation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Modern Times Group Mtg AB
ST:MTG-B
|
$677.61 Million |
|
North Huajin Chemical Industries Co Ltd
SHE:000059
|
$677.73 Million |
|
Xinhuanet Co Ltd
SHG:603888
|
$677.99 Million |
|
Wereldhave N.V
PINK:WRDEF
|
$678.07 Million |
|
Yipinhong Pharmaceutical Co Ltd Class A
SHE:300723
|
$677.42 Million |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
$677.04 Million |
|
John B Sanfilippo & Son Inc
NASDAQ:JBSS
|
$676.66 Million |
|
American Public Education Inc
NASDAQ:APEI
|
$676.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tsakos Energy Navigation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,618,557,000 to 1,727,708,000, a change of 109,151,000 (6.7%).
- Net income of 176,231,000 contributed positively to equity growth.
- Dividend payments of 71,817,000 reduced retained earnings.
- Other comprehensive income decreased equity by 3,389,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $176.23 Million | +10.2% |
| Dividends Paid | $71.82 Million | -4.16% |
| Other Comprehensive Income | $-3.39 Million | -0.2% |
| Other Changes | $8.13 Million | +0.47% |
| Total Change | $- | 6.74% |
Book Value vs Market Value Analysis
This analysis compares Tsakos Energy Navigation 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: 0.60x
- 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 0.45x to 0.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $77.53 | $34.86 | x |
| 1997-12-31 | $74.00 | $34.86 | x |
| 1998-12-31 | $74.16 | $34.86 | x |
| 1999-12-31 | $12.54 | $34.86 | x |
| 2000-12-31 | $9.45 | $34.86 | x |
| 2001-12-31 | $1.95 | $34.86 | x |
| 2002-12-31 | $-2.26 | $34.86 | x |
| 2003-12-31 | $1.39 | $34.86 | x |
| 2004-12-31 | $11.76 | $34.86 | x |
| 2005-12-31 | $13.40 | $34.86 | x |
| 2006-12-31 | $16.15 | $34.86 | x |
| 2007-12-31 | $18.65 | $34.86 | x |
| 2008-12-31 | $19.62 | $34.86 | x |
| 2009-12-31 | $122.09 | $34.86 | x |
| 2010-12-31 | $16.66 | $34.86 | x |
| 2011-12-31 | $14.91 | $34.86 | x |
| 2012-12-31 | $15.13 | $34.86 | x |
| 2013-12-31 | $16.01 | $34.86 | x |
| 2014-12-31 | $18.88 | $34.86 | x |
| 2015-12-31 | $23.31 | $34.86 | x |
| 2016-12-31 | $82.75 | $34.86 | x |
| 2017-12-31 | $88.19 | $34.86 | x |
| 2018-12-31 | $85.79 | $34.86 | x |
| 2019-12-31 | $28.82 | $34.86 | x |
| 2020-12-31 | $26.88 | $34.86 | x |
| 2021-12-31 | $63.14 | $34.86 | x |
| 2022-12-31 | $52.22 | $34.86 | x |
| 2023-12-31 | $54.86 | $34.86 | x |
| 2024-12-31 | $58.56 | $34.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tsakos Energy Navigation 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): 10.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.92%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.15x
- Recent ROE (10.20%) is above the historical average (-3.13%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 15.50% | 6.17% | 0.88x | 2.87x | $145.40 Million |
| 1997 | 12.46% | 4.30% | 0.88x | 3.30x | $62.20 Million |
| 1998 | 10.18% | 3.35% | 0.87x | 3.51x | $4.60 Million |
| 1999 | -100.24% | -12.90% | 1.11x | 6.97x | $-465.20 Million |
| 2000 | -12.73% | -1.18% | 1.23x | 8.75x | $-75.00 Million |
| 2001 | -175.68% | -3.86% | 1.25x | 36.23x | $-137.40 Million |
| 2002 | 0.00% | -5.41% | 1.38x | 0.00x | $-177.60 Million |
| 2003 | 46.55% | 0.72% | 1.35x | 48.19x | $21.20 Million |
| 2004 | 2.50% | 0.31% | 4.49x | 1.81x | $-38.95 Million |
| 2005 | 9.55% | 1.31% | 4.08x | 1.79x | $-2.72 Million |
| 2006 | 6.75% | 1.09% | 2.38x | 2.61x | $-24.53 Million |
| 2007 | -0.59% | -0.08% | 2.62x | 2.76x | $-90.45 Million |
| 2008 | -45.57% | -7.01% | 2.27x | 2.86x | $-506.07 Million |
| 2009 | 3.16% | 6.45% | 0.17x | 2.81x | $-62.15 Million |
| 2010 | 3.84% | 0.66% | 2.20x | 2.66x | $-62.62 Million |
| 2011 | 17.12% | 2.18% | 2.84x | 2.76x | $65.29 Million |
| 2012 | 29.74% | 3.73% | 3.00x | 2.65x | $182.55 Million |
| 2013 | 18.55% | 2.30% | 3.21x | 2.52x | $84.35 Million |
| 2014 | 19.37% | 2.68% | 3.12x | 2.31x | $109.35 Million |
| 2015 | 17.60% | 3.01% | 2.83x | 2.07x | $106.65 Million |
| 2016 | 3.97% | 11.58% | 0.15x | 2.33x | $-84.73 Million |
| 2017 | 0.51% | 1.44% | 0.16x | 2.26x | $-141.81 Million |
| 2018 | -6.64% | -18.72% | 0.17x | 2.14x | $-248.68 Million |
| 2019 | 1.04% | 2.53% | 0.19x | 2.17x | $-130.01 Million |
| 2020 | 1.77% | 3.73% | 0.21x | 2.30x | $-111.37 Million |
| 2021 | -12.20% | -27.72% | 0.19x | 2.33x | $-275.48 Million |
| 2022 | 13.88% | 23.74% | 0.26x | 2.25x | $57.04 Million |
| 2023 | 18.55% | 33.74% | 0.26x | 2.08x | $138.33 Million |
| 2024 | 10.20% | 21.92% | 0.22x | 2.15x | $3.46 Million |
Industry Comparison
This section compares Tsakos Energy Navigation Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,230,397,219
- Average return on equity (ROE) among peers: 2202.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tsakos Energy Navigation Ltd (TEN) | $1.84 Billion | 15.50% | 1.12x | $677.53 Million |
| Antero Midstream Partners LP (AM) | $142.86 Million | 0.00% | 0.21x | $7.58 Billion |
| AltaGas Ltd (ATGFF) | $2.83 Billion | 7.11% | 1.57x | $8.06 Billion |
| ATGPF (ATGPF) | $7.86 Billion | 8.56% | 1.98x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $603.79 Million | 27.09% | 0.91x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $12.11 Million | 30.42% | 1.11x | $3.17 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $863.00K | 22418.66% | 0.16x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $78.49 Million | 16.31% | 4.83x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $1.10 Million | -405.25% | 0.17x | $2.85 Million |
| Cool Company Ltd (CLCO) | $715.51 Million | 11.75% | 1.88x | $145.96 Million |