Havila Shipping ASA (HAVI) - Net Assets

Latest as of September 2025: Nkr362.92 Million NOK ≈ $38.19 Million USD

Based on the latest financial reports, Havila Shipping ASA (HAVI) has net assets worth Nkr362.92 Million NOK (≈ $38.19 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 (Nkr1.54 Billion ≈ $161.78 Million USD) and total liabilities (Nkr1.17 Billion ≈ $123.59 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 Havila Shipping ASA liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr362.92 Million
% of Total Assets 23.61%
Annual Growth Rate 1.5%
5-Year Change 138.57%
10-Year Change -34.88%
Growth Volatility 431.3

Havila Shipping ASA - Net Assets Trend (2004–2024)

This chart illustrates how Havila Shipping ASA's net assets have evolved over time, based on quarterly financial data. Also explore Havila Shipping ASA (HAVI) total assets for the complete picture of this company's asset base.

Annual Net Assets for Havila Shipping ASA (2004–2024)

The table below shows the annual net assets of Havila Shipping ASA from 2004 to 2024. For live valuation and market cap data, see HAVI market cap.

Year Net Assets Change
2024-12-31 Nkr327.17 Million
≈ $34.43 Million		 +1574.87%
2023-12-31 Nkr19.53 Million
≈ $2.06 Million		 +120.89%
2022-12-31 Nkr-93.50 Million
≈ $-9.84 Million		 -586.56%
2021-12-31 Nkr19.22 Million
≈ $2.02 Million		 -85.99%
2020-12-31 Nkr137.14 Million
≈ $14.43 Million		 +113.26%
2019-12-31 Nkr-1.03 Billion
≈ $-108.87 Million		 -45.19%
2018-12-31 Nkr-712.54 Million
≈ $-74.98 Million		 -268.40%
2017-12-31 Nkr423.14 Million
≈ $44.53 Million		 +160.45%
2016-12-31 Nkr-699.94 Million
≈ $-73.65 Million		 -239.32%
2015-12-31 Nkr502.40 Million
≈ $52.87 Million		 -75.15%
2014-12-31 Nkr2.02 Billion
≈ $212.78 Million		 +0.02%
2013-12-31 Nkr2.02 Billion
≈ $212.73 Million		 +0.67%
2012-12-31 Nkr2.01 Billion
≈ $211.32 Million		 +10.99%
2011-12-31 Nkr1.81 Billion
≈ $190.39 Million		 +6.74%
2010-12-31 Nkr1.70 Billion
≈ $178.37 Million		 -0.45%
2009-12-31 Nkr1.70 Billion
≈ $179.18 Million		 +51.25%
2008-12-31 Nkr1.13 Billion
≈ $118.47 Million		 +28.01%
2007-12-31 Nkr879.48 Million
≈ $92.55 Million		 -11.11%
2006-12-31 Nkr989.43 Million
≈ $104.12 Million		 +53.08%
2005-12-31 Nkr646.35 Million
≈ $68.01 Million		 +166.19%
2004-12-31 Nkr242.82 Million
≈ $25.55 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Havila Shipping 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 90932100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock Nkr68.79 Million 21.03%
Other Components Nkr1.17 Billion 356.91%
Total Equity Nkr327.17 Million 100.00%

Havila Shipping ASA Competitors by Market Cap

The table below lists competitors of Havila Shipping ASA ranked by their market capitalization.

Company Market Cap
Globus Maritime Ltd
NASDAQ:GLBS
 $32.73 Million
Korea SPAC 2
KQ:206400
 $32.74 Million
Microba Life Sciences Ltd
AU:MAP
 $32.75 Million
DLP Resources Inc
V:DLP
 $32.75 Million
S Connect Co. LTD
KQ:096630
 $32.70 Million
Berentzen Gruppe AG
XETRA:BEZ
 $32.69 Million
PIMS Inc.
KQ:347770
 $32.68 Million
V-Tac Technology Co Ltd
TWO:6229
 $32.68 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Havila Shipping ASA's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 19,533,000 to 327,170,000, a change of 307,637,000 (1575.0%).
  • Net income of 10,381,000 contributed positively to equity growth.
  • Other comprehensive income decreased equity by 215,000.
  • Other factors increased equity by 297,471,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income Nkr10.38 Million +3.17%
Other Comprehensive Income Nkr-215.00K -0.07%
Other Changes Nkr297.47 Million +90.92%
Total Change Nkr- 1574.96%

Book Value vs Market Value Analysis

This analysis compares Havila Shipping 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: 0.95x
  • 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 2.59x to 0.95x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 Nkr0.44 Nkr1.13 x
2005-12-31 Nkr677.51 Nkr1.13 x
2006-12-31 Nkr899.88 Nkr1.13 x
2007-12-31 Nkr754.80 Nkr1.13 x
2008-12-31 Nkr965.26 Nkr1.13 x
2009-12-31 Nkr1476.11 Nkr1.13 x
2010-12-31 Nkr1469.96 Nkr1.13 x
2011-12-31 Nkr1372.87 Nkr1.13 x
2012-12-31 Nkr1285.27 Nkr1.13 x
2013-12-31 Nkr937.36 Nkr1.13 x
2014-12-31 Nkr935.69 Nkr1.13 x
2015-12-31 Nkr232.48 Nkr1.13 x
2016-12-31 Nkr-323.89 Nkr1.13 x
2017-12-31 Nkr27.46 Nkr1.13 x
2018-12-31 Nkr-32.41 Nkr1.13 x
2019-12-31 Nkr-43.51 Nkr1.13 x
2020-12-31 Nkr5.77 Nkr1.13 x
2021-12-31 Nkr0.03 Nkr1.13 x
2022-12-31 Nkr-0.16 Nkr1.13 x
2023-12-31 Nkr0.03 Nkr1.13 x
2024-12-31 Nkr1.19 Nkr1.13 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Havila Shipping 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): 3.17%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.88%
  • • Asset Turnover: 0.37x
  • • Equity Multiplier: 4.61x
  • Recent ROE (3.17%) is below the historical average (87.47%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 15.51% 16.44% 0.29x 3.27x Nkr13.39 Million
2005 23.12% 29.85% 0.22x 3.55x Nkr84.78 Million
2006 29.85% 44.19% 0.24x 2.77x Nkr196.43 Million
2007 27.24% 44.51% 0.15x 3.98x Nkr148.68 Million
2008 27.81% 37.85% 0.18x 3.98x Nkr196.51 Million
2009 31.85% 59.62% 0.16x 3.26x Nkr368.57 Million
2010 -0.54% -0.88% 0.15x 3.98x Nkr-177.01 Million
2011 -6.99% -9.89% 0.16x 4.39x Nkr-307.39 Million
2012 0.01% 0.02% 0.15x 4.32x Nkr-200.61 Million
2013 0.67% 0.94% 0.17x 4.13x Nkr-188.68 Million
2014 0.18% 0.21% 0.20x 4.14x Nkr-198.62 Million
2015 -303.87% -98.90% 0.24x 13.01x Nkr-1.58 Billion
2016 0.00% -113.28% 0.19x 0.00x Nkr-1.13 Billion
2017 183.07% 135.52% 0.12x 11.34x Nkr732.32 Million
2018 0.00% -200.53% 0.16x 0.00x Nkr-1.07 Billion
2019 0.00% -45.26% 0.20x 0.00x Nkr-217.14 Million
2020 886.17% 183.11% 0.29x 16.90x Nkr1.20 Billion
2021 341.76% 12.74% 0.26x 101.78x Nkr63.75 Million
2022 0.00% -17.11% 0.33x 0.00x Nkr-103.35 Million
2023 577.85% 16.97% 0.46x 73.73x Nkr110.92 Million
2024 3.17% 1.88% 0.37x 4.61x Nkr-22.34 Million

Industry Comparison

This section compares Havila Shipping ASA's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

  • Industry: Marine Shipping
  • Average net assets among peers: $464,044,692
  • Average return on equity (ROE) among peers: 10.26%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Havila Shipping ASA (HAVI) Nkr362.92 Million 15.51% 3.24x $32.72 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 Energy Offshore Services AS (GEOS) $269.72 Million 28.02% 0.01x $58.11 Million
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
Himalaya Shipping Ltd (HSHP) $90.69 Million -2.21% 0.97x $623.43 Million

About Havila Shipping ASA

OL:HAVI Norway Marine Shipping
Market Cap
$32.72 Million
Nkr310.94 Million NOK
Market Cap Rank
#23430 Global
#219 in Norway
Share Price
Nkr1.13
Change (1 day)
-5.44%
52-Week Range
Nkr0.79 - Nkr1.78
All Time High
Nkr505.00
Categories
Companies in Norway Marine Shipping
About

Havila Shipping ASA, together with its subsidiaries, engages in the shipping business. It operates and manages offshore service vessels primarily in Norway, the United Kingdom, Denmark, Belgium, the Netherlands, Iceland, Tunisia, the Marshall Islands, and the United States. The company operates a fleet of vessels, including anchor handling vessels, platform supply vessels, rescue recovery vessel,… Read more