Dolphin Drilling AS (DDRIL) - Net Assets
Based on the latest financial reports, Dolphin Drilling AS (DDRIL) has net assets worth Nkr25.30 Million NOK (≈ $2.66 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 (Nkr215.10 Million ≈ $22.63 Million USD) and total liabilities (Nkr189.80 Million ≈ $19.97 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 asset resilience ratio of Dolphin Drilling AS to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr25.30 Million |
| % of Total Assets | 11.76% |
| Annual Growth Rate | -9.61% |
| 5-Year Change | 20.68% |
| 10-Year Change | -94.24% |
| Growth Volatility | 84.66 |
Dolphin Drilling AS - Net Assets Trend (2002–2024)
This chart illustrates how Dolphin Drilling AS's net assets have evolved over time, based on quarterly financial data. Also explore Dolphin Drilling AS asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Dolphin Drilling AS (2002–2024)
The table below shows the annual net assets of Dolphin Drilling AS from 2002 to 2024. For live valuation and market cap data, see Dolphin Drilling AS market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr82.80 Million ≈ $8.71 Million |
-24.29% |
| 2023-12-31 | Nkr109.37 Million ≈ $11.51 Million |
+29.56% |
| 2022-12-31 | Nkr84.42 Million ≈ $8.88 Million |
+351.34% |
| 2021-12-31 | Nkr18.70 Million ≈ $1.97 Million |
-72.74% |
| 2018-12-31 | Nkr68.61 Million ≈ $7.22 Million |
-88.44% |
| 2017-12-31 | Nkr593.31 Million ≈ $62.43 Million |
-30.46% |
| 2016-12-31 | Nkr853.24 Million ≈ $89.79 Million |
-11.63% |
| 2015-12-31 | Nkr965.53 Million ≈ $101.60 Million |
-26.18% |
| 2014-12-31 | Nkr1.31 Billion ≈ $137.63 Million |
-9.01% |
| 2013-12-31 | Nkr1.44 Billion ≈ $151.26 Million |
+1.63% |
| 2012-12-31 | Nkr1.41 Billion ≈ $148.82 Million |
+5.68% |
| 2011-12-31 | Nkr1.34 Billion ≈ $140.83 Million |
+13.38% |
| 2010-12-31 | Nkr1.18 Billion ≈ $124.21 Million |
+20.43% |
| 2009-12-31 | Nkr980.10 Million ≈ $103.13 Million |
+23.53% |
| 2008-12-31 | Nkr793.43 Million ≈ $83.49 Million |
+5.62% |
| 2007-12-31 | Nkr751.22 Million ≈ $79.05 Million |
+18.77% |
| 2006-12-31 | Nkr632.50 Million ≈ $66.56 Million |
+44.56% |
| 2005-12-31 | Nkr437.55 Million ≈ $46.04 Million |
-46.15% |
| 2004-12-31 | Nkr812.46 Million ≈ $85.49 Million |
+8.81% |
| 2003-12-31 | Nkr746.68 Million ≈ $78.57 Million |
-2.42% |
| 2002-12-31 | Nkr765.21 Million ≈ $80.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dolphin Drilling AS'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 20124700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr284.05 Million | 343.05% |
| Total Equity | Nkr82.80 Million | 100.00% |
Dolphin Drilling AS Competitors by Market Cap
The table below lists competitors of Dolphin Drilling AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Murapol S.A.
WAR:MUR
|
$468.24 Million |
|
Focus Minerals Ltd
AU:FML
|
$468.37 Million |
|
Datamatics Global Services Limited
NSE:DATAMATICS
|
$468.42 Million |
|
COSCO SHIPPING Development Co. Ltd.
F:EZ5
|
$468.50 Million |
|
Anglo American PLC
LSE:AAL
|
$468.03 Million |
|
ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SHG:603976
|
$467.96 Million |
|
Sayona Mining Limited American Depository Shares
NASDAQ:ELVR
|
$467.91 Million |
|
VersaBank
NASDAQ:VBNK
|
$467.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dolphin Drilling AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 109,371,000 to 82,800,000, a change of -26,571,000 (-24.3%).
- Net loss of 100,360,000 reduced equity.
- Share repurchases of 37,973,000 reduced equity.
- New share issuances of 37,973,000 increased equity.
- Other comprehensive income decreased equity by 2,428,999.
- Other factors increased equity by 76,217,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-100.36 Million | -121.21% |
| Share Repurchases | Nkr37.97 Million | -45.86% |
| Share Issuances | Nkr37.97 Million | +45.86% |
| Other Comprehensive Income | Nkr-2.43 Million | -2.93% |
| Other Changes | Nkr76.22 Million | +92.05% |
| Total Change | Nkr- | -24.29% |
Book Value vs Market Value Analysis
This analysis compares Dolphin Drilling AS'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: 11.10x
- 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 0.24x to 11.10x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | Nkr13.30 | Nkr3.15 | x |
| 2003-12-31 | Nkr13.06 | Nkr3.15 | x |
| 2004-12-31 | Nkr14.13 | Nkr3.15 | x |
| 2005-12-31 | Nkr7.24 | Nkr3.15 | x |
| 2006-12-31 | Nkr9.62 | Nkr3.15 | x |
| 2007-12-31 | Nkr11.28 | Nkr3.15 | x |
| 2008-12-31 | Nkr11.89 | Nkr3.15 | x |
| 2009-12-31 | Nkr14.77 | Nkr3.15 | x |
| 2010-12-31 | Nkr17.80 | Nkr3.15 | x |
| 2011-12-31 | Nkr20.18 | Nkr3.15 | x |
| 2012-12-31 | Nkr21.32 | Nkr3.15 | x |
| 2013-12-31 | Nkr21.69 | Nkr3.15 | x |
| 2014-12-31 | Nkr19.74 | Nkr3.15 | x |
| 2015-12-31 | Nkr14.57 | Nkr3.15 | x |
| 2016-12-31 | Nkr12.88 | Nkr3.15 | x |
| 2017-12-31 | Nkr8.95 | Nkr3.15 | x |
| 2018-12-31 | Nkr1.04 | Nkr3.15 | x |
| 2021-12-31 | Nkr0.29 | Nkr3.15 | x |
| 2022-12-31 | Nkr1.38 | Nkr3.15 | x |
| 2023-12-31 | Nkr0.65 | Nkr3.15 | x |
| 2024-12-31 | Nkr0.28 | Nkr3.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dolphin Drilling AS 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): -121.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -103.61%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.86x
- Recent ROE (-121.21%) is below the historical average (-59.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -18.30% | -38.35% | 0.24x | 1.97x | Nkr-216.54 Million |
| 2003 | -9.32% | -27.36% | 0.18x | 1.86x | Nkr-144.29 Million |
| 2004 | 3.84% | 8.09% | 0.26x | 1.81x | Nkr-50.09 Million |
| 2005 | -0.53% | -0.54% | 0.40x | 2.45x | Nkr-46.08 Million |
| 2006 | 24.73% | 24.06% | 0.49x | 2.09x | Nkr93.18 Million |
| 2007 | 34.05% | 32.54% | 0.47x | 2.25x | Nkr180.65 Million |
| 2008 | 37.92% | 36.23% | 0.35x | 3.02x | Nkr221.39 Million |
| 2009 | 48.57% | 41.73% | 0.48x | 2.45x | Nkr377.41 Million |
| 2010 | 27.91% | 32.15% | 0.45x | 1.95x | Nkr211.19 Million |
| 2011 | 26.16% | 32.26% | 0.44x | 1.86x | Nkr216.06 Million |
| 2012 | 23.05% | 26.44% | 0.43x | 2.00x | Nkr184.37 Million |
| 2013 | 19.89% | 24.77% | 0.38x | 2.13x | Nkr142.20 Million |
| 2014 | 8.97% | 9.91% | 0.34x | 2.65x | Nkr-13.44 Million |
| 2015 | -36.34% | -31.43% | 0.43x | 2.67x | Nkr-447.43 Million |
| 2016 | -12.27% | -12.68% | 0.44x | 2.22x | Nkr-189.98 Million |
| 2017 | -43.27% | -91.99% | 0.17x | 2.77x | Nkr-316.07 Million |
| 2018 | -734.93% | -692.92% | 0.08x | 13.78x | Nkr-511.09 Million |
| 2021 | -416.49% | -64.40% | 0.80x | 8.10x | Nkr-79.77 Million |
| 2022 | -81.03% | -325.64% | 0.16x | 1.58x | Nkr-76.84 Million |
| 2023 | -40.20% | -59.82% | 0.44x | 1.52x | Nkr-54.90 Million |
| 2024 | -121.21% | -103.61% | 0.41x | 2.86x | Nkr-108.64 Million |
Industry Comparison
This section compares Dolphin Drilling AS's net assets metrics with peer companies in the Oil & Gas Drilling industry.
Industry Context
- Industry: Oil & Gas Drilling
- Average net assets among peers: $682,428,222
- Average return on equity (ROE) among peers: 35.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dolphin Drilling AS (DDRIL) | Nkr25.30 Million | -18.30% | 7.50x | $468.17 Million |
| Awilco Drilling PLC (AWDR) | $231.21 Million | 12.18% | 0.44x | $2.60 Million |
| Deep Value Driller AS (DVD) | $8.74 Million | 273.41% | 11.84x | $200.09 Million |
| Northern Ocean Ltd (NOL) | $436.89 Million | -16.23% | 1.42x | $277.59 Million |
| Odfjell Drilling Ltd (ODL) | $1.06 Billion | 3.84% | 1.53x | $2.51 Billion |
| Odfjell Technology Ltd (OTL) | $2.64 Billion | 4.93% | 0.24x | $290.69 Million |
| PARATUS ENERGY SERVICES LTD (PLSV) | $181.00 Million | 6.63% | 5.49x | $880.19 Million |
| Shelf Drilling Ltd (SHLF) | $213.67 Million | -36.80% | 6.57x | $498.91 Million |
About Dolphin Drilling AS
Dolphin Drilling AS provides drilling services to the offshore oil and gas industry in the United Kingdom, India, Norway, and Nigeria. The company was founded in 1965 and is based in Sandnes, Norway.