2020 Bulkers Ltd (2020) - Net Assets
Based on the latest financial reports, 2020 Bulkers Ltd (2020) has net assets worth Nkr148.00 Million NOK (≈ $15.57 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 (Nkr263.00 Million ≈ $27.68 Million USD) and total liabilities (Nkr115.00 Million ≈ $12.10 Million USD). 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 2020 Bulkers Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr148.00 Million |
| % of Total Assets | 56.27% |
| Annual Growth Rate | 39.33% |
| 5-Year Change | 6.9% |
| 10-Year Change | N/A |
| Growth Volatility | 123.84 |
2020 Bulkers Ltd - Net Assets Trend (2017–2024)
This chart illustrates how 2020 Bulkers Ltd's net assets have evolved over time, based on quarterly financial data. See 2020 Bulkers Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for 2020 Bulkers Ltd (2017–2024)
The table below shows the annual net assets of 2020 Bulkers Ltd from 2017 to 2024. For live valuation and market cap data, see 2020 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr151.90 Million ≈ $15.98 Million |
-5.65% |
| 2023-12-31 | Nkr161.00 Million ≈ $16.94 Million |
+3.27% |
| 2022-12-31 | Nkr155.90 Million ≈ $16.41 Million |
+2.77% |
| 2021-12-31 | Nkr151.70 Million ≈ $15.96 Million |
+6.76% |
| 2020-12-31 | Nkr142.10 Million ≈ $14.95 Million |
+2.90% |
| 2019-12-31 | Nkr138.10 Million ≈ $14.53 Million |
+102.22% |
| 2018-12-31 | Nkr68.29 Million ≈ $7.19 Million |
+358.38% |
| 2017-12-31 | Nkr14.90 Million ≈ $1.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to 2020 Bulkers 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 11590460000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr115.80 Million | 76.28% |
| Other Components | Nkr36.00 Million | 23.72% |
| Total Equity | Nkr151.80 Million | 100.00% |
2020 Bulkers Ltd Competitors by Market Cap
The table below lists competitors of 2020 Bulkers Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stamper Oil & Gas Corp
V:STMP
|
$9.58 Million |
|
Entero Therapeutics, Inc.
NASDAQ:ENTO
|
$9.58 Million |
|
Scorpion Minerals Ltd
AU:SCN
|
$9.58 Million |
|
CoinSmart Financial Inc
NEO:SMRT
|
$9.59 Million |
|
Fusion Fuel Green PLC
NASDAQ:HTOO
|
$9.56 Million |
|
Prismaflex Intl
PA:ALPRI
|
$9.56 Million |
|
Sama Resources Inc.
V:SME
|
$9.55 Million |
|
Spineguard
PA:ALSGD
|
$9.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 2020 Bulkers Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 161,000,000 to 151,800,000, a change of -9,200,000 (-5.7%).
- Net income of 76,300,000 contributed positively to equity growth.
- Dividend payments of 86,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr76.30 Million | +50.26% |
| Dividends Paid | Nkr86.00 Million | -56.65% |
| Other Changes | Nkr500.00K | +0.33% |
| Total Change | Nkr- | -5.71% |
Book Value vs Market Value Analysis
This analysis compares 2020 Bulkers 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 decreased from 5.92x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | Nkr0.67 | Nkr3.98 | x |
| 2018-12-31 | Nkr3.08 | Nkr3.98 | x |
| 2019-12-31 | Nkr7.30 | Nkr3.98 | x |
| 2020-12-31 | Nkr6.41 | Nkr3.98 | x |
| 2021-12-31 | Nkr6.84 | Nkr3.98 | x |
| 2022-12-31 | Nkr7.02 | Nkr3.98 | x |
| 2023-12-31 | Nkr7.03 | Nkr3.98 | x |
| 2024-12-31 | Nkr6.64 | Nkr3.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 2020 Bulkers 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): 50.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 106.42%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.76x
- Recent ROE (50.26%) is above the historical average (19.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -1.14% | 0.00% | 0.00x | 1.01x | Nkr-7.60 Million |
| 2019 | -0.29% | -4.40% | 0.03x | 2.05x | Nkr-14.21 Million |
| 2020 | 7.81% | 22.70% | 0.12x | 2.78x | Nkr-3.11 Million |
| 2021 | 46.67% | 62.21% | 0.29x | 2.57x | Nkr55.63 Million |
| 2022 | 20.46% | 41.92% | 0.20x | 2.44x | Nkr16.31 Million |
| 2023 | 15.90% | 36.73% | 0.19x | 2.34x | Nkr9.50 Million |
| 2024 | 50.26% | 106.42% | 0.27x | 1.76x | Nkr61.12 Million |
Industry Comparison
This section compares 2020 Bulkers Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $434,743,913
- Average return on equity (ROE) among peers: -12.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 2020 Bulkers Ltd (2020) | Nkr148.00 Million | -1.14% | 0.78x | $9.57 Million |
| ADS Maritime Holding Plc (ADS) | $20.10 Million | 18.41% | 0.59x | $17.49 Million |
| American Shipping Company ASA (AMSC) | $191.66 Million | 5.45% | 0.97x | $7.19K |
| Golden Energy Offshore Services AS (GEOS) | $140.31 Million | -111.35% | 2.37x | $71.78 Million |
| Golden Ocean Group Ltd (GOGL) | $1.37 Billion | -10.06% | 0.99x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $366.79 Million | -50.88% | 2.11x | $3.64 Billion |
| Hoegh Autoliners ASA (HAUTO) | $1.42 Billion | 36.04% | 0.46x | $3.09 Billion |
| Havila Shipping ASA (HAVI) | $-93.50 Million | 0.00% | 0.00x | $35.47 Million |
| Himalaya Shipping Ltd (HSHP) | $91.78 Million | -1.06% | 0.04x | $687.25 Million |
| Jinhui Shipping and Transportation Limited (JIN) | $411.14 Million | -1.73% | 0.31x | $70.36 Million |
About 2020 Bulkers Ltd
2020 Bulkers Ltd. owns and operates large dry bulk vessels worldwide. The company operates six scrubber fitted 208,000 deadweight tonnage Newcastlemax dry bulk vessels. 2020 Bulkers Ltd. was incorporated in 2017 and is based in Hamilton, Bermuda.