Okea ASA (OKEA) - Net Assets
Based on the latest financial reports, Okea ASA (OKEA) has net assets worth Nkr95.40 Million NOK (≈ $10.04 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr2.06 Billion ≈ $216.62 Million USD) and total liabilities (Nkr1.96 Billion ≈ $206.58 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 Okea ASA tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr95.40 Million |
| % of Total Assets | 4.63% |
| Annual Growth Rate | 12.44% |
| 5-Year Change | -96.65% |
| 10-Year Change | -84.31% |
| Growth Volatility | 586.47 |
Okea ASA - Net Assets Trend (2015–2025)
This chart illustrates how Okea ASA's net assets have evolved over time, based on quarterly financial data. See Okea ASA defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Okea ASA (2015–2025)
The table below shows the annual net assets of Okea ASA from 2015 to 2025. For live valuation and market cap data, see OKEA stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr57.20 Million ≈ $6.02 Million |
-94.85% |
| 2024-12-31 | Nkr1.11 Billion ≈ $116.91 Million |
+53.11% |
| 2023-12-31 | Nkr725.64 Million ≈ $76.36 Million |
-65.08% |
| 2022-12-31 | Nkr2.08 Billion ≈ $218.67 Million |
+21.61% |
| 2021-12-31 | Nkr1.71 Billion ≈ $179.81 Million |
+57.82% |
| 2020-12-31 | Nkr1.08 Billion ≈ $113.93 Million |
-35.61% |
| 2019-12-31 | Nkr1.68 Billion ≈ $176.93 Million |
+15.46% |
| 2018-12-31 | Nkr1.46 Billion ≈ $153.25 Million |
+207.35% |
| 2017-12-31 | Nkr473.83 Million ≈ $49.86 Million |
+30.00% |
| 2016-12-31 | Nkr364.48 Million ≈ $38.35 Million |
+1958.49% |
| 2015-12-31 | Nkr17.71 Million ≈ $1.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Okea 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 7216200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Nkr1.23 Million | 2.15% |
| Other Components | Nkr132.43 Million | 231.52% |
| Total Equity | Nkr57.20 Million | 100.00% |
Okea ASA Competitors by Market Cap
The table below lists competitors of Okea ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing InterAct Technology Co Ltd
SHE:300419
|
$377.24 Million |
|
Cedar Development Co Ltd
SHE:002485
|
$377.32 Million |
|
Guangzhou Devotion Therm Tech
SHE:300335
|
$377.63 Million |
|
Beijing Seeyon Internet Software Cp
SHG:688369
|
$377.66 Million |
|
Hefei Jingsong Intelligent Technology Co. Ltd. A
SHG:688251
|
$377.16 Million |
|
Visco Vision Inc.
TW:6782
|
$377.12 Million |
|
Beijing YJK Building Software Co.Ltd.
SHE:300935
|
$377.06 Million |
|
Hong Tai Electric Industrial Co Ltd
TW:1612
|
$376.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Okea ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,111,022,000 to 57,199,000, a change of -1,053,823,000 (-94.9%).
- Net loss of 54,667,000 reduced equity.
- Other comprehensive income decreased equity by 19,139,999.
- Other factors decreased equity by 980,016,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-54.67 Million | -95.57% |
| Other Comprehensive Income | Nkr-19.14 Million | -33.46% |
| Other Changes | Nkr-980.02 Million | -1713.34% |
| Total Change | Nkr- | -94.85% |
Book Value vs Market Value Analysis
This analysis compares Okea 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: 62.67x
- 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 73.82x to 62.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | Nkr0.47 | Nkr34.50 | x |
| 2016-12-31 | Nkr9.62 | Nkr34.50 | x |
| 2017-12-31 | Nkr12.51 | Nkr34.50 | x |
| 2018-12-31 | Nkr38.44 | Nkr34.50 | x |
| 2019-12-31 | Nkr18.11 | Nkr34.50 | x |
| 2020-12-31 | Nkr10.57 | Nkr34.50 | x |
| 2021-12-31 | Nkr16.60 | Nkr34.50 | x |
| 2022-12-31 | Nkr19.99 | Nkr34.50 | x |
| 2023-12-31 | Nkr6.98 | Nkr34.50 | x |
| 2024-12-31 | Nkr10.69 | Nkr34.50 | x |
| 2025-12-31 | Nkr0.55 | Nkr34.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Okea 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): -95.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.98%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 31.74x
- Recent ROE (-95.57%) is below the historical average (-18.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -24.25% | -214700.00% | 0.00x | 1.21x | Nkr-6.06 Million |
| 2016 | -1.55% | -1145.55% | 0.00x | 1.94x | Nkr-42.11 Million |
| 2017 | -2.47% | -30.48% | 0.02x | 3.87x | Nkr-59.10 Million |
| 2018 | 9.63% | 4.17% | 0.34x | 6.88x | Nkr-5.33 Million |
| 2019 | -4.23% | -2.42% | 0.27x | 6.53x | Nkr-239.27 Million |
| 2020 | -55.67% | -36.48% | 0.17x | 9.03x | Nkr-711.00 Million |
| 2021 | 35.31% | 15.96% | 0.31x | 7.24x | Nkr432.43 Million |
| 2022 | 32.22% | 10.46% | 0.41x | 7.52x | Nkr461.81 Million |
| 2023 | -128.90% | -10.70% | 0.47x | 25.49x | Nkr-1.01 Billion |
| 2024 | 34.50% | 3.49% | 0.56x | 17.81x | Nkr272.18 Million |
| 2025 | -95.57% | -6.98% | 0.43x | 31.74x | Nkr-60.39 Million |
Industry Comparison
This section compares Okea ASA's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $559,735,719
- Average return on equity (ROE) among peers: 32.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Okea ASA (OKEA) | Nkr95.40 Million | -24.25% | 20.58x | $377.24 Million |
| Aker BP ASA (AKRBP) | $2.34 Billion | 35.35% | 5.18x | $21.15 Billion |
| BlueNord ASA (BNOR) | $532.20 Million | -10.00% | 4.88x | $1.44 Billion |
| BW Energy Ltd (BWE) | $861.60 Million | 19.25% | 1.29x | $1.44 Billion |
| Dno ASA (DNO) | $445.55 Million | 41.46% | 1.08x | $1.79 Billion |
| Interoil Exploration and Production ASA (IOX) | $-46.98 Million | 0.00% | 0.00x | $3.94 Million |
| Panoro Energy ASA (PEN) | $46.31 Million | -15.35% | 1.70x | $401.14 Million |
| Petronor E&P Ltd (PNOR) | $22.30 Million | -6.56% | 2.54x | $167.18 Million |
| Var Energi ASA (VAR) | $832.51 Million | 39.29% | 25.27x | $11.32 Billion |
| Zenith Energy Ltd (ZENA) | $2.24 Million | 188.22% | 9.77x | $47.61 Million |
About Okea ASA
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf. The company was incorporated in 2015 and is headquartered in Trondheim, Norway.