Aqualis ASA (AQUA) - Net Assets
Based on the latest financial reports, Aqualis ASA (AQUA) has net assets worth Nkr91.42 Million NOK (≈ $9.62 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr193.18 Million ≈ $20.33 Million USD) and total liabilities (Nkr101.77 Million ≈ $10.71 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. See Aqualis ASA balance sheet independence to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr91.42 Million |
| % of Total Assets | 47.32% |
| Annual Growth Rate | 17.95% |
| 5-Year Change | 33.73% |
| 10-Year Change | 170.3% |
| Growth Volatility | 75.26 |
Aqualis ASA - Net Assets Trend (2013–2025)
This chart illustrates how Aqualis ASA's net assets have evolved over time, based on quarterly financial data. Also explore net asset momentum of Aqualis ASA to track the company's year-over-year net asset growth rate.
Annual Net Assets for Aqualis ASA (2013–2025)
The table below shows the annual net assets of Aqualis ASA from 2013 to 2025. For live market cap and overall valuation, see how much is Aqualis ASA worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr89.42 Million ≈ $9.41 Million |
-10.08% |
| 2024-12-31 | Nkr99.45 Million ≈ $10.46 Million |
-1.60% |
| 2023-12-31 | Nkr101.06 Million ≈ $10.63 Million |
+47.69% |
| 2022-12-31 | Nkr68.43 Million ≈ $7.20 Million |
+2.34% |
| 2021-12-31 | Nkr66.86 Million ≈ $7.04 Million |
+2.37% |
| 2020-12-31 | Nkr65.32 Million ≈ $6.87 Million |
+37.91% |
| 2019-12-31 | Nkr47.36 Million ≈ $4.98 Million |
+85.34% |
| 2018-12-31 | Nkr25.55 Million ≈ $2.69 Million |
-10.18% |
| 2017-12-31 | Nkr28.45 Million ≈ $2.99 Million |
-14.00% |
| 2016-12-31 | Nkr33.08 Million ≈ $3.48 Million |
-12.16% |
| 2015-12-31 | Nkr37.66 Million ≈ $3.96 Million |
-15.27% |
| 2014-12-31 | Nkr44.45 Million ≈ $4.68 Million |
+260.30% |
| 2013-12-31 | Nkr12.34 Million ≈ $1.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Aqualis ASA'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 50.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Nkr6.07 Million | 6.79% |
| Other Components | Nkr83.26 Million | 93.21% |
| Total Equity | Nkr89.32 Million | 100.00% |
Aqualis ASA Competitors by Market Cap
The table below lists competitors of Aqualis ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gateway Mining Ltd
AU:GML
|
$123.27 Million |
|
Orion Office Reit Inc
NYSE:ONL
|
$123.32 Million |
|
Schwager
SN:SCHWAGER
|
$123.34 Million |
|
Shriram Properties Limited
NSE:SHRIRAMPPS
|
$123.34 Million |
|
Pioneer Floating Rate Trust
NYSE:PHD
|
$123.13 Million |
|
Uttam Sugar Mills Limited
NSE:UTTAMSUGAR
|
$122.93 Million |
|
Fidelix Co. Ltd
KQ:032580
|
$122.91 Million |
|
Acusensus Ltd
AU:ACE
|
$122.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aqualis ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 99,092,000 to 89,322,000, a change of -9,770,000 (-9.9%).
- Net loss of 5,617,000 reduced equity.
- Dividend payments of 11,796,000 reduced retained earnings.
- New share issuances of 1,452,000 increased equity.
- Other factors increased equity by 6,191,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-5.62 Million | -6.29% |
| Dividends Paid | Nkr11.80 Million | -13.21% |
| Share Issuances | Nkr1.45 Million | +1.63% |
| Other Changes | Nkr6.19 Million | +6.93% |
| Total Change | Nkr- | -9.86% |
Book Value vs Market Value Analysis
This analysis compares Aqualis ASA'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: 13.13x
- 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 decreased from 18.47x to 13.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | Nkr0.48 | Nkr8.80 | x |
| 2014-12-31 | Nkr1.72 | Nkr8.80 | x |
| 2015-12-31 | Nkr0.87 | Nkr8.80 | x |
| 2016-12-31 | Nkr0.78 | Nkr8.80 | x |
| 2017-12-31 | Nkr0.67 | Nkr8.80 | x |
| 2018-12-31 | Nkr0.60 | Nkr8.80 | x |
| 2019-12-31 | Nkr0.85 | Nkr8.80 | x |
| 2020-12-31 | Nkr1.15 | Nkr8.80 | x |
| 2021-12-31 | Nkr0.62 | Nkr8.80 | x |
| 2022-12-31 | Nkr0.66 | Nkr8.80 | x |
| 2023-12-31 | Nkr0.82 | Nkr8.80 | x |
| 2024-12-31 | Nkr0.76 | Nkr8.80 | x |
| 2025-12-31 | Nkr0.67 | Nkr8.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aqualis ASA 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): -6.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.59%
- • Asset Turnover: 1.81x
- • Equity Multiplier: 2.20x
- Recent ROE (-6.29%) is below the historical average (-0.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -20.73% | -17.05% | 0.75x | 1.61x | Nkr-3.79 Million |
| 2014 | -0.56% | -0.78% | 0.62x | 1.16x | Nkr-4.69 Million |
| 2015 | -5.84% | -5.36% | 0.89x | 1.23x | Nkr-5.96 Million |
| 2016 | -11.71% | -14.05% | 0.73x | 1.15x | Nkr-7.18 Million |
| 2017 | -22.77% | -20.80% | 0.92x | 1.19x | Nkr-9.32 Million |
| 2018 | 9.48% | 6.69% | 1.18x | 1.20x | Nkr-133.50K |
| 2019 | 19.08% | 16.44% | 0.86x | 1.34x | Nkr4.30 Million |
| 2020 | 2.34% | 1.96% | 0.65x | 1.84x | Nkr-4.95 Million |
| 2021 | 4.82% | 2.14% | 1.31x | 1.72x | Nkr-3.46 Million |
| 2022 | 9.02% | 3.69% | 1.32x | 1.85x | Nkr-674.60K |
| 2023 | 8.33% | 3.34% | 1.39x | 1.79x | Nkr-1.68 Million |
| 2024 | 4.40% | 1.41% | 1.67x | 1.87x | Nkr-5.55 Million |
| 2025 | -6.29% | -1.59% | 1.81x | 2.20x | Nkr-14.55 Million |
Industry Comparison
This section compares Aqualis ASA's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $25,555,000
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aqualis ASA (AQUA) | Nkr91.42 Million | -20.73% | 1.11x | $123.17 Million |
| ABL Group ASA (ABL) | $25.55 Million | 9.48% | 0.20x | $125.41 Million |
About Aqualis ASA
Aqualis ASA, an investment holding company, provides marine, offshore, and renewables consultancy services to the energy, shipping, and insurance industries worldwide. Its renewable energy consultancy services include research and development, market studies, bid advisory, environmental and electrical engineering, wind and site analysis, metocean advisory, turbine and foundations engineering, geo… Read more