Odfjell Drilling Ltd (ODL) - Net Assets

Latest as of December 2025: Nkr1.42 Billion NOK ≈ $149.67 Million USD

Based on the latest financial reports, Odfjell Drilling Ltd (ODL) has net assets worth Nkr1.42 Billion NOK (≈ $149.67 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.67 Billion ≈ $280.72 Million USD) and total liabilities (Nkr1.25 Billion ≈ $131.05 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 Odfjell Drilling Ltd balance sheet assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr1.42 Billion
% of Total Assets	53.32%
Annual Growth Rate	2.34%
5-Year Change	12.62%
10-Year Change	97.79%
Growth Volatility	13.17

Odfjell Drilling Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Odfjell Drilling Ltd's net assets have evolved over time, based on quarterly financial data. Check ODL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Odfjell Drilling Ltd (2011–2025)

The table below shows the annual net assets of Odfjell Drilling Ltd from 2011 to 2025. For live valuation and market cap data, see Odfjell Drilling Ltd stock valuation.

Year	Net Assets	Change
2025-12-31	Nkr1.43 Billion ≈ $150.29 Million	+1.79%
2024-12-31	Nkr1.40 Billion ≈ $147.65 Million	+0.65%
2023-12-31	Nkr1.39 Billion ≈ $146.69 Million	+15.35%
2022-12-31	Nkr1.21 Billion ≈ $127.17 Million	-4.71%
2021-12-31	Nkr1.27 Billion ≈ $133.45 Million	+5.81%
2020-12-31	Nkr1.20 Billion ≈ $126.12 Million	+12.81%
2019-12-31	Nkr1.06 Billion ≈ $111.79 Million	+3.78%
2018-12-31	Nkr1.02 Billion ≈ $107.72 Million	+33.45%
2017-12-31	Nkr767.06 Million ≈ $80.72 Million	+6.23%
2016-12-31	Nkr722.09 Million ≈ $75.98 Million	-23.87%
2015-12-31	Nkr948.44 Million ≈ $99.80 Million	-15.00%
2014-12-31	Nkr1.12 Billion ≈ $117.42 Million	-1.28%
2013-12-31	Nkr1.13 Billion ≈ $118.95 Million	-2.08%
2012-12-31	Nkr1.15 Billion ≈ $121.47 Million	+11.76%
2011-12-31	Nkr1.03 Billion ≈ $108.68 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Odfjell Drilling Ltd'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 59.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	Nkr1.13 Billion	78.97%
Other Components	Nkr300.40 Million	21.03%
Total Equity	Nkr1.43 Billion	100.00%

Odfjell Drilling Ltd Competitors by Market Cap

The table below lists competitors of Odfjell Drilling Ltd ranked by their market capitalization.

Company	Market Cap
The Jammu & Kashmir Bank Limited NSE:J&KBANK	$2.17 Billion
Shell plc LSE:SHEL	$2.17 Billion
Royce Value Closed Fund NYSE:RVT	$2.17 Billion
Shanghai Mechanical & Electrical Industry Co Ltd A SHG:600835	$2.17 Billion
Banco do Nordeste do Brasil S.A SA:BNBR3	$2.17 Billion
Xinxing Ductile Iron Pipes Co Ltd SHE:000778	$2.17 Billion
SMA Solar Technology AG F:S92	$2.17 Billion
Cadeler A/S NYSE:CDLR	$2.17 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Odfjell Drilling Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,403,100,000 to 1,428,200,000, a change of 25,100,000 (1.8%).
Net income of 167,000,000 contributed positively to equity growth.
Dividend payments of 159,500,000 reduced retained earnings.
Other comprehensive income increased equity by 103,700,000.
Other factors decreased equity by 86,100,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr167.00 Million	+11.69%
Dividends Paid	Nkr159.50 Million	-11.17%
Other Comprehensive Income	Nkr103.70 Million	+7.26%
Other Changes	Nkr-86.10 Million	-6.03%
Total Change	Nkr-	1.79%

Book Value vs Market Value Analysis

This analysis compares Odfjell Drilling Ltd'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: 14.44x
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 decreased from 17.03x to 14.44x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	Nkr5.05	Nkr86.00	x
2012-12-31	Nkr5.63	Nkr86.00	x
2013-12-31	Nkr5.66	Nkr86.00	x
2014-12-31	Nkr5.62	Nkr86.00	x
2015-12-31	Nkr4.77	Nkr86.00	x
2016-12-31	Nkr3.63	Nkr86.00	x
2017-12-31	Nkr3.86	Nkr86.00	x
2018-12-31	Nkr4.60	Nkr86.00	x
2019-12-31	Nkr4.49	Nkr86.00	x
2020-12-31	Nkr5.06	Nkr86.00	x
2021-12-31	Nkr5.36	Nkr86.00	x
2022-12-31	Nkr5.10	Nkr86.00	x
2023-12-31	Nkr5.89	Nkr86.00	x
2024-12-31	Nkr5.88	Nkr86.00	x
2025-12-31	Nkr5.96	Nkr86.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Odfjell Drilling Ltd 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): 11.69%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 32.50%
• Asset Turnover: 0.19x
• Equity Multiplier: 1.87x
Recent ROE (11.69%) is above the historical average (4.78%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	10.77%	9.96%	0.40x	2.71x	Nkr7.82 Million
2012	9.11%	9.47%	0.39x	2.49x	Nkr-10.00 Million
2013	5.95%	5.63%	0.44x	2.42x	Nkr-45.75 Million
2014	3.81%	4.18%	0.33x	2.77x	Nkr-69.13 Million
2015	-17.13%	-24.72%	0.24x	2.92x	Nkr-257.36 Million
2016	-8.82%	-9.70%	0.29x	3.13x	Nkr-135.90 Million
2017	4.61%	5.25%	0.31x	2.79x	Nkr-41.35 Million
2018	2.67%	3.90%	0.31x	2.22x	Nkr-75.02 Million
2019	3.84%	4.95%	0.31x	2.53x	Nkr-65.42 Million
2020	11.97%	15.38%	0.35x	2.20x	Nkr23.59 Million
2021	5.87%	8.53%	0.35x	1.98x	Nkr-52.42 Million
2022	6.86%	12.76%	0.29x	1.84x	Nkr-37.95 Million
2023	15.93%	30.32%	0.32x	1.66x	Nkr82.70 Million
2024	4.61%	13.46%	0.22x	1.58x	Nkr-75.61 Million
2025	11.69%	32.50%	0.19x	1.87x	Nkr24.18 Million

Industry Comparison

This section compares Odfjell Drilling Ltd's net assets metrics with peer companies in the Oil & Gas Drilling industry.

Industry Context

Industry: Oil & Gas Drilling
Average net assets among peers: $320,917,455
Average return on equity (ROE) among peers: 9.27%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Odfjell Drilling Ltd (ODL)	Nkr1.42 Billion	10.77%	0.88x	$2.17 Billion
Awilco Drilling PLC (AWDR)	$-7.00 Million	0.00%	0.00x	$2.60 Million
Dolphin Drilling AS (DDRIL)	$765.21 Million	-18.30%	0.97x	$468.17 Million
Deep Value Driller AS (DVD)	$8.74 Million	273.41%	11.84x	$199.60 Million
Northern Ocean Ltd (NOL)	$495.63 Million	-13.84%	0.97x	$237.39 Million
Odfjell Technology Ltd (OTL)	$283.38 Million	4.96%	0.21x	$235.46 Million
PARATUS ENERGY SERVICES LTD (PLSV)	$139.00 Million	-154.68%	3.93x	$776.59 Million
Shelf Drilling Ltd (SHLF)	$561.45 Million	-26.63%	2.03x	$498.91 Million

About Odfjell Drilling Ltd

OL:ODL Norway Oil & Gas Drilling

Market Cap

$2.17 Billion

Nkr20.62 Billion NOK

Market Cap Rank

#5810 Global

#39 in Norway

Share Price

Nkr86.00

Change (1 day)

+0.70%

52-Week Range

Nkr70.80 - Nkr111.40

All Time High

Nkr111.40