Golden Energy Offshore Services AS (GEOS) - Net Assets
Based on the latest financial reports, Golden Energy Offshore Services AS (GEOS) has net assets worth Nkr381.25 Million NOK (≈ $40.12 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 (Nkr1.53 Billion ≈ $161.04 Million USD) and total liabilities (Nkr1.15 Billion ≈ $120.92 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 financial resilience of Golden Energy Offshore Services AS to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr381.25 Million |
| % of Total Assets | 24.91% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | 212.34% |
| 10-Year Change | 1159.47% |
| Growth Volatility | 144.38 |
Golden Energy Offshore Services AS - Net Assets Trend (2014–2024)
This chart illustrates how Golden Energy Offshore Services AS's net assets have evolved over time, based on quarterly financial data. Also explore GEOS total asset value for the complete picture of this company's asset base.
Annual Net Assets for Golden Energy Offshore Services AS (2014–2024)
The table below shows the annual net assets of Golden Energy Offshore Services AS from 2014 to 2024. For live valuation and market cap data, see Golden Energy Offshore Services AS (GEOS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr438.25 Million ≈ $46.12 Million |
-17.23% |
| 2023-12-31 | Nkr529.49 Million ≈ $55.72 Million |
+390.21% |
| 2022-12-31 | Nkr108.01 Million ≈ $11.37 Million |
+40.00% |
| 2021-12-31 | Nkr77.15 Million ≈ $8.12 Million |
-45.01% |
| 2020-12-31 | Nkr140.31 Million ≈ $14.76 Million |
-50.96% |
| 2019-12-31 | Nkr286.11 Million ≈ $30.11 Million |
+6.08% |
| 2018-12-31 | Nkr269.72 Million ≈ $28.38 Million |
+266.83% |
| 2017-12-31 | Nkr73.53 Million ≈ $7.74 Million |
+3.11% |
| 2016-12-31 | Nkr71.31 Million ≈ $7.50 Million |
+104.94% |
| 2015-12-31 | Nkr34.80 Million ≈ $3.66 Million |
-77.17% |
| 2014-12-31 | Nkr152.40 Million ≈ $16.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Golden Energy Offshore Services 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 grown by 212503100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr501.69 Million | 114.48% |
| Total Equity | Nkr438.25 Million | 100.00% |
Golden Energy Offshore Services AS Competitors by Market Cap
The table below lists competitors of Golden Energy Offshore Services AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HRS Co. Ltd
KQ:036640
|
$58.13 Million |
|
Sheh Fung Screws Co Ltd
TWO:2065
|
$58.13 Million |
|
Hyundai Industrial Co. Ltd
KQ:170030
|
$58.13 Million |
|
Fiducial Office Solutions
PA:SACI
|
$58.14 Million |
|
Makmur Berkah Amanda Pt
JK:AMAN
|
$58.10 Million |
|
NSTS Bancorp Inc
NASDAQ:NSTS
|
$58.10 Million |
|
PW Consolidated Bhd
KLSE:7134
|
$58.09 Million |
|
ADVENICA AB
F:65R
|
$58.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Energy Offshore Services AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 529,486,000 to 438,245,000, a change of -91,241,000 (-17.2%).
- Net loss of 91,567,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-91.57 Million | -20.89% |
| Other Changes | Nkr326.00K | +0.07% |
| Total Change | Nkr- | -17.23% |
Book Value vs Market Value Analysis
This analysis compares Golden Energy Offshore Services 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: 0.48x
- 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 1.37x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | Nkr6.23 | Nkr8.50 | x |
| 2015-12-31 | Nkr1.42 | Nkr8.50 | x |
| 2016-12-31 | Nkr2.91 | Nkr8.50 | x |
| 2017-12-31 | Nkr30.04 | Nkr8.50 | x |
| 2018-12-31 | Nkr11.97 | Nkr8.50 | x |
| 2019-12-31 | Nkr8.18 | Nkr8.50 | x |
| 2020-12-31 | Nkr3.03 | Nkr8.50 | x |
| 2021-12-31 | Nkr1.53 | Nkr8.50 | x |
| 2022-12-31 | Nkr1.94 | Nkr8.50 | x |
| 2023-12-31 | Nkr2.94 | Nkr8.50 | x |
| 2024-12-31 | Nkr17.56 | Nkr8.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Energy Offshore Services 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): -20.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.86%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.62x
- Recent ROE (-20.89%) is above the historical average (-65.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -1.39% | -3.35% | 0.12x | 3.51x | Nkr-17.37 Million |
| 2015 | -337.99% | -113.15% | 0.26x | 11.70x | Nkr-121.09 Million |
| 2016 | -140.83% | -112.24% | 0.30x | 4.12x | Nkr-107.56 Million |
| 2017 | 3.02% | 2.55% | 0.29x | 4.01x | Nkr-5.14 Million |
| 2018 | 28.02% | 123.55% | 0.22x | 1.01x | Nkr48.59 Million |
| 2019 | -6.01% | -15.58% | 0.19x | 2.02x | Nkr-45.81 Million |
| 2020 | -111.35% | -223.05% | 0.15x | 3.37x | Nkr-170.27 Million |
| 2021 | -81.86% | -88.72% | 0.15x | 6.10x | Nkr-70.87 Million |
| 2022 | -53.59% | -41.04% | 0.25x | 5.23x | Nkr-68.69 Million |
| 2023 | -1.60% | -4.04% | 0.13x | 2.94x | Nkr-61.43 Million |
| 2024 | -20.89% | -17.86% | 0.32x | 3.62x | Nkr-135.39 Million |
Industry Comparison
This section compares Golden Energy Offshore Services AS's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $622,413,572
- Average return on equity (ROE) among peers: 7.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Energy Offshore Services AS (GEOS) | Nkr381.25 Million | -1.39% | 3.01x | $58.11 Million |
| 2020 Bulkers Ltd (2020) | $161.00 Million | 15.90% | 1.34x | $7.25 Million |
| ADS Maritime Holding Plc (ADS) | $16.51 Million | 28.72% | 0.69x | $18.68 Million |
| American Shipping Company ASA (AMSC) | $224.24 Million | 6.56% | 3.04x | $7.19K |
| BW LPG Ltd (BWLPG) | $1.94 Billion | 18.29% | 0.71x | $2.96 Billion |
| Golden Ocean Group Ltd (GOGL) | $277.69 Million | -19.24% | 0.43x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $397.82 Million | 0.74% | 2.07x | $4.30 Billion |
| Hoegh Autoliners ASA (HAUTO) | $801.24 Million | 15.57% | 1.06x | $2.66 Billion |
| Havila Shipping ASA (HAVI) | $1.70 Billion | -0.53% | 2.94x | $32.72 Million |
| Himalaya Shipping Ltd (HSHP) | $90.69 Million | -2.21% | 0.97x | $623.43 Million |
About Golden Energy Offshore Services AS
Golden Energy Offshore Services ASA, together with its subsidiaries, owns and operates supply vessels for the oil and gas, and renewable offshore service industry in the North Sea, the Caribbean, and internationally. The company was incorporated in 2013 and is headquartered in Ålesund, Norway.