Havila Kystruten AS (HKY) - Net Assets
Based on the latest financial reports, Havila Kystruten AS (HKY) has net assets worth Nkr-1.23 Billion NOK (≈ $-129.69 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 (Nkr4.65 Billion ≈ $489.28 Million USD) and total liabilities (Nkr5.88 Billion ≈ $618.97 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 HKY tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr-1.23 Billion |
| % of Total Assets | -26.51% |
| Annual Growth Rate | N/A |
| 5-Year Change | -243.34% |
| 10-Year Change | N/A |
| Growth Volatility | 156.84 |
Havila Kystruten AS - Net Assets Trend (2018–2024)
This chart illustrates how Havila Kystruten AS's net assets have evolved over time, based on quarterly financial data. See Havila Kystruten AS (HKY) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Havila Kystruten AS (2018–2024)
The table below shows the annual net assets of Havila Kystruten AS from 2018 to 2024. For live valuation and market cap data, see market value of Havila Kystruten AS.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr-322.40 Million ≈ $-33.93 Million |
-169.25% |
| 2023-12-31 | Nkr465.53 Million ≈ $48.99 Million |
-24.05% |
| 2022-12-31 | Nkr612.95 Million ≈ $64.50 Million |
-38.41% |
| 2021-12-31 | Nkr995.28 Million ≈ $104.73 Million |
+342.52% |
| 2020-12-31 | Nkr224.91 Million ≈ $23.67 Million |
-19.98% |
| 2019-12-31 | Nkr281.08 Million ≈ $29.58 Million |
-13.16% |
| 2018-12-31 | Nkr323.66 Million ≈ $34.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Havila Kystruten 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 251408000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr855.99 Million | % |
| Other Components | Nkr1.34 Billion | % |
| Total Equity | Nkr-322.40 Million | 100.00% |
Havila Kystruten AS Competitors by Market Cap
The table below lists competitors of Havila Kystruten AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CastleNet Technology
TWO:8059
|
$107.20 Million |
|
N. Varveris-Moda Bagno S.A
AT:MODA
|
$107.22 Million |
|
Khonburi Sugar Public Company Limited
BK:KBS
|
$107.24 Million |
|
I-Berhad
KLSE:4251
|
$107.25 Million |
|
Xtract One Technologies Inc.
TO:XTRA
|
$107.17 Million |
|
Klil Industries Ltd
TA:KLIL
|
$107.16 Million |
|
M.I.TECH Co.Ltd
KQ:179290
|
$107.15 Million |
|
HyVision System. Inc
KQ:126700
|
$107.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Havila Kystruten AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 465,531,000 to -322,397,000, a change of -787,928,000 (-169.3%).
- Net loss of 787,928,000 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-787.93 Million | -244.4% |
| Total Change | Nkr- | -169.25% |
Book Value vs Market Value Analysis
This analysis compares Havila Kystruten 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | Nkr6.52 | Nkr59.50 | x |
| 2019-12-31 | Nkr5.66 | Nkr59.50 | x |
| 2020-12-31 | Nkr4.53 | Nkr59.50 | x |
| 2021-12-31 | Nkr20.05 | Nkr59.50 | x |
| 2022-12-31 | Nkr5.35 | Nkr59.50 | x |
| 2023-12-31 | Nkr0.54 | Nkr59.50 | x |
| 2024-12-31 | Nkr-0.38 | Nkr59.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Havila Kystruten 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -51.54%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-58.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -15.15% | 0.00% | 0.00x | 3.53x | Nkr-70.69 Million |
| 2020 | -19.01% | 0.00% | 0.00x | 6.11x | Nkr-65.25 Million |
| 2021 | -11.07% | -246.91% | 0.01x | 3.35x | Nkr-209.70 Million |
| 2022 | -110.11% | -203.22% | 0.08x | 6.53x | Nkr-736.22 Million |
| 2023 | -196.11% | -119.47% | 0.16x | 10.21x | Nkr-959.52 Million |
| 2024 | 0.00% | -51.54% | 0.33x | 0.00x | Nkr-755.69 Million |
Industry Comparison
This section compares Havila Kystruten AS's net assets metrics with peer companies in the Travel Services industry.
No peer company data available for comparison.
About Havila Kystruten AS
Havila Kystruten AS operates as a shipping company in Norway. The company offers voyages and onboard travel services, as well as activities. It also sells food, souvenirs, and other products on board the ships. The company was founded in 2017 and is headquartered in Fosnavåg, Norway. Havila Kystruten AS is a subsidiary of Havila Holding AS.