Golden Energy Offshore Services AS Net Assets
Golden Energy Offshore Services AS net assets. Based on the latest financial reports, Golden Energy Offshore Services AS (GEOS) has net assets worth Nkr655.09 Million NOK (≈ $68.93 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr1.18 Billion ≈ $123.93 Million USD) and total liabilities (Nkr522.60 Million ≈ $54.99 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. Also explore Golden Energy Offshore Services AS equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr655.09 Million |
| % of Total Assets | 55.63% |
| Annual Growth Rate | 3.88% |
| 5-Year Change | 200.35% |
| 10-Year Change | 224.95% |
| Growth Volatility | 141.19 |
Net Assets of Golden Energy Offshore Services AS (2014–2025)
Net assets of Golden Energy Offshore Services AS from 2014 to 2025. This chart illustrates how Golden Energy Offshore Services AS's net assets have evolved over time, based on quarterly financial data. See GEOS equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Golden Energy Offshore Services AS (2014–2025)
The table below shows the annual net assets of Golden Energy Offshore Services AS from 2014 to 2025. For live market cap and overall valuation, see Golden Energy Offshore Services AS (GEOS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr231.72 Million ≈ $24.38 Million |
-47.12% |
| 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 |
-- |
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.
Golden Energy Offshore Services AS Net Assets Breakdown (December 2025)
Golden Energy Offshore Services AS net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr232.62 Million | 100.00% |
| Total Equity | Nkr232.62 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 |
|---|---|
|
Isbir Holding AS
IS:ISBIR
|
$46.42 Million |
|
KESM Industries Bhd
KLSE:9334
|
$46.44 Million |
|
Company K Partners Limited
KQ:307930
|
$46.44 Million |
|
Airmate Cayman International Co Ltd
TW:1626
|
$46.45 Million |
|
ATrack Technology
TWO:6465
|
$46.42 Million |
|
Lida Holdings Ltd
TW:4552
|
$46.41 Million |
|
ADAMA Ltd B
SHE:200553
|
$46.40 Million |
|
Euro Sun Mining Inc
TO:ESM
|
$46.40 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 2024 to 2025, total equity changed from 438,245,000 to 232,617,000, a change of -205,628,000 (-46.9%).
- Net loss of 195,447,000 reduced equity.
- Other factors decreased equity by 10,181,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-195.45 Million | -84.02% |
| Other Changes | Nkr-10.18 Million | -4.38% |
| Total Change | Nkr- | -46.92% |
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: 0.67x
- 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 1.00x to 0.67x 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 | Nkr6.25 | x |
| 2015-12-31 | Nkr1.42 | Nkr6.25 | x |
| 2016-12-31 | Nkr2.91 | Nkr6.25 | x |
| 2017-12-31 | Nkr30.04 | Nkr6.25 | x |
| 2018-12-31 | Nkr11.97 | Nkr6.25 | x |
| 2019-12-31 | Nkr8.18 | Nkr6.25 | x |
| 2020-12-31 | Nkr3.03 | Nkr6.25 | x |
| 2021-12-31 | Nkr1.53 | Nkr6.25 | x |
| 2022-12-31 | Nkr1.94 | Nkr6.25 | x |
| 2023-12-31 | Nkr2.94 | Nkr6.25 | x |
| 2024-12-31 | Nkr17.56 | Nkr6.25 | x |
| 2025-12-31 | Nkr9.32 | Nkr6.25 | 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): -84.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -54.59%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 6.29x
- Recent ROE (-84.02%) is below the historical average (-67.38%), suggesting potential challenges in 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 |
| 2025 | -84.02% | -54.59% | 0.24x | 6.29x | Nkr-218.71 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: $514,134,236
- Average return on equity (ROE) among peers: -21.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Energy Offshore Services AS (GEOS) | Nkr655.09 Million | -1.39% | 0.80x | $46.42 Million |
| 2020 Bulkers Ltd (2020) | $151.70 Million | 46.67% | 1.57x | $19.96 Million |
| ADS Maritime Holding Plc (ADS) | $4.63 Million | -4.21% | 0.02x | $18.68 Million |
| American Shipping Company ASA (AMSC) | $175.02 Million | 10.66% | 3.74x | $7.19K |
| Golden Ocean Group Ltd (GOGL) | $884.27 Million | 1.81% | 0.43x | $1.75 Billion |
| Hafnia Ltd (HAFNI) | $1.11 Billion | -4.99% | 1.26x | $4.60 Billion |
| Hoegh Autoliners ASA (HAUTO) | $1.42 Billion | 36.04% | 0.46x | $3.40 Billion |
| Havila Shipping ASA (HAVI) | $502.40 Million | -303.87% | 12.01x | $22.01 Million |
| Himalaya Shipping Ltd (HSHP) | $154.21 Million | 0.98% | 2.89x | $702.96 Million |
| Jinhui Shipping and Transportation Limited (JIN) | $227.31 Million | 21.81% | 0.99x | $76.34 Million |
About Golden Energy Offshore Services AS
Golden Energy Offshore Services ASA, together with its subsidiaries, owns and operates as a fully integrated shipowner and operator of modern, high-specification offshore service vessels for the global oil and gas service industry in the North Sea, the Caribbean, and internationally. The company also owns, operates, and charters out a fleet of offshore service vessels, including Platform Supply V… Read more