Solstad Offsho (SOFF) - Net Assets

Latest as of June 2025: Nkr342.27 Million NOK ≈ $36.02 Million USD

Based on the latest financial reports, Solstad Offsho (SOFF) has net assets worth Nkr342.27 Million NOK (≈ $36.02 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr872.46 Million ≈ $91.81 Million USD) and total liabilities (Nkr530.19 Million ≈ $55.79 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 Solstad Offsho (SOFF) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr342.27 Million
% of Total Assets	39.23%
Annual Growth Rate	4.26%
5-Year Change	-22.97%
10-Year Change	-10.88%
Growth Volatility	36.11

Solstad Offsho - Net Assets Trend (2000–2024)

This chart illustrates how Solstad Offsho's net assets have evolved over time, based on quarterly financial data. See SOFF defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Solstad Offsho (2000–2024)

The table below shows the annual net assets of Solstad Offsho from 2000 to 2024. For live valuation and market cap data, see Solstad Offsho (SOFF) market capitalisation.

Year	Net Assets	Change
2024-12-31	Nkr3.27 Billion ≈ $343.95 Million	+79.15%
2023-12-31	Nkr1.82 Billion ≈ $192.00 Million	+3.52%
2022-12-31	Nkr1.76 Billion ≈ $185.47 Million	-42.84%
2021-12-31	Nkr3.08 Billion ≈ $324.47 Million	-27.33%
2020-12-31	Nkr4.24 Billion ≈ $446.49 Million	+210.63%
2019-12-31	Nkr-3.84 Billion ≈ $-403.60 Million	-350.87%
2018-12-31	Nkr-850.67 Million ≈ $-89.52 Million	-117.14%
2017-12-31	Nkr4.96 Billion ≈ $522.27 Million	+43.62%
2016-12-31	Nkr3.46 Billion ≈ $363.65 Million	-5.77%
2015-12-31	Nkr3.67 Billion ≈ $385.93 Million	-27.48%
2014-12-31	Nkr5.06 Billion ≈ $532.20 Million	+2.08%
2013-12-31	Nkr4.95 Billion ≈ $521.33 Million	+6.21%
2012-12-31	Nkr4.66 Billion ≈ $490.84 Million	+5.63%
2011-12-31	Nkr4.42 Billion ≈ $464.68 Million	-11.49%
2010-12-31	Nkr4.99 Billion ≈ $525.03 Million	+7.76%
2009-12-31	Nkr4.63 Billion ≈ $487.24 Million	+25.22%
2008-12-31	Nkr3.70 Billion ≈ $389.10 Million	-0.53%
2007-12-31	Nkr3.72 Billion ≈ $391.18 Million	+17.13%
2006-12-31	Nkr3.17 Billion ≈ $333.97 Million	+17.82%
2005-12-31	Nkr2.69 Billion ≈ $283.46 Million	+20.84%
2004-12-31	Nkr2.23 Billion ≈ $234.57 Million	+11.96%
2003-12-31	Nkr1.99 Billion ≈ $209.51 Million	+4.26%
2002-12-31	Nkr1.91 Billion ≈ $200.94 Million	+33.74%
2001-12-31	Nkr1.43 Billion ≈ $150.25 Million	+18.99%
2000-12-31	Nkr1.20 Billion ≈ $126.27 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Solstad Offsho'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	Nkr8.04 Million	0.25%
Other Components	Nkr3.20 Billion	99.75%
Total Equity	Nkr3.21 Billion	100.00%

Solstad Offsho Competitors by Market Cap

The table below lists competitors of Solstad Offsho ranked by their market capitalization.

Company	Market Cap
Noah Holdings Ltd NYSE:NOAH	$694.87 Million
MorningStar Partners, L.P. NYSE:TXO	$695.50 Million
Brookfield Real Assets Income NYSE:RA	$695.66 Million
Hemnet Group AB ST:HEM	$695.70 Million
Alok Industries Limited NSE:ALOKINDS	$694.84 Million
Hubeiyichang Transportation Group Co Ltd SHE:002627	$694.51 Million
SS Innovations International Inc. Common Stock NASDAQ:SSII	$694.46 Million
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co Ltd SHG:688505	$694.38 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,827,231,000 to 3,209,760,000, a change of 1,382,529,000 (75.7%).
Net income of 123,581,947 contributed positively to equity growth.
Other factors increased equity by 1,258,947,053.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	Nkr123.58 Million	+3.85%
Other Changes	Nkr1.26 Billion	+39.22%
Total Change	Nkr-	75.66%

Book Value vs Market Value Analysis

This analysis compares Solstad Offsho'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: 2.06x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.00x to 2.06x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2002-12-31	Nkr41353.87	Nkr60.80	x
2003-12-31	Nkr48878.06	Nkr60.80	x
2004-12-31	Nkr43287.87	Nkr60.80	x
2005-12-31	Nkr64286.97	Nkr60.80	x
2006-12-31	Nkr82624.63	Nkr60.80	x
2007-12-31	Nkr96267.69	Nkr60.80	x
2008-12-31	Nkr95846.78	Nkr60.80	x
2009-12-31	Nkr120914.37	Nkr60.80	x
2010-12-31	Nkr119682.23	Nkr60.80	x
2011-12-31	Nkr115211.01	Nkr60.80	x
2012-12-31	Nkr120191.35	Nkr60.80	x
2013-12-31	Nkr128504.28	Nkr60.80	x
2014-12-31	Nkr132176.21	Nkr60.80	x
2015-12-31	Nkr97749.10	Nkr60.80	x
2016-12-31	Nkr76938.41	Nkr60.80	x
2017-12-31	Nkr16912.18	Nkr60.80	x
2018-12-31	Nkr-2927.68	Nkr60.80	x
2019-12-31	Nkr-13171.69	Nkr60.80	x
2020-12-31	Nkr16981.79	Nkr60.80	x
2021-12-31	Nkr98.26	Nkr60.80	x
2022-12-31	Nkr22.80	Nkr60.80	x
2023-12-31	Nkr16.82	Nkr60.80	x
2024-12-31	Nkr29.55	Nkr60.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Solstad Offsho 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): 3.85%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 45.59%
• Asset Turnover: 0.03x
• Equity Multiplier: 2.80x
Recent ROE (3.85%) is below the historical average (6.96%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	13.22%	23.73%	0.27x	2.03x	Nkr37.30 Million
2001	23.76%	37.59%	0.25x	2.54x	Nkr190.21 Million
2002	22.14%	32.32%	0.22x	3.12x	Nkr179.06 Million
2003	10.53%	18.47%	0.20x	2.87x	Nkr9.16 Million
2004	6.81%	12.92%	0.16x	3.27x	Nkr-52.53 Million
2005	10.62%	20.08%	0.18x	2.86x	Nkr15.21 Million
2006	27.41%	48.46%	0.22x	2.63x	Nkr550.05 Million
2007	18.48%	32.28%	0.20x	2.80x	Nkr312.14 Million
2008	0.73%	1.22%	0.22x	2.79x	Nkr-339.65 Million
2009	22.50%	41.21%	0.21x	2.66x	Nkr576.61 Million
2010	0.42%	0.73%	0.17x	3.41x	Nkr-437.46 Million
2011	-9.08%	-13.36%	0.19x	3.55x	Nkr-854.30 Million
2012	8.00%	11.45%	0.22x	3.12x	Nkr-94.02 Million
2013	9.81%	14.05%	0.23x	3.00x	Nkr-9.37 Million
2014	2.95%	4.06%	0.21x	3.45x	Nkr-363.00 Million
2015	-41.80%	-44.58%	0.22x	4.29x	Nkr-1.96 Billion
2016	-24.60%	-35.08%	0.11x	6.33x	Nkr-1.22 Billion
2017	-6.36%	-8.65%	0.10x	7.32x	Nkr-806.82 Million
2018	0.00%	-125.35%	0.15x	0.00x	Nkr-5.77 Billion
2019	0.00%	-62.39%	0.17x	0.00x	Nkr-2.75 Billion
2020	171.29%	149.48%	0.19x	6.17x	Nkr6.82 Billion
2021	-35.70%	-21.50%	0.21x	8.08x	Nkr-1.41 Billion
2022	-63.15%	-17.12%	0.25x	14.76x	Nkr-1.29 Billion
2023	2.13%	5.74%	0.03x	10.75x	Nkr-143.83 Million
2024	3.85%	45.59%	0.03x	2.80x	Nkr-197.39 Million

Industry Comparison

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

Industry Context

Industry: Marine Shipping
Average net assets among peers: $398,098,882
Average return on equity (ROE) among peers: -11.63%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Solstad Offsho (SOFF)	Nkr342.27 Million	13.22%	1.55x	$694.85 Million
2020 Bulkers Ltd (2020)	$68.29 Million	-1.14%	0.01x	$9.57 Million
ADS Maritime Holding Plc (ADS)	$20.10 Million	18.41%	0.59x	$17.49 Million
American Shipping Company ASA (AMSC)	$191.66 Million	5.45%	0.97x	$7.19K
Golden Energy Offshore Services AS (GEOS)	$140.31 Million	-111.35%	2.37x	$71.78 Million
Golden Ocean Group Ltd (GOGL)	$1.37 Billion	-10.06%	0.99x	$1.75 Billion
Hafnia Ltd (HAFNI)	$366.79 Million	-50.88%	2.11x	$3.64 Billion
Hoegh Autoliners ASA (HAUTO)	$1.42 Billion	36.04%	0.46x	$3.09 Billion
Havila Shipping ASA (HAVI)	$-93.50 Million	0.00%	0.00x	$35.47 Million
Himalaya Shipping Ltd (HSHP)	$91.78 Million	-1.06%	0.04x	$687.25 Million
Jinhui Shipping and Transportation Limited (JIN)	$411.14 Million	-1.73%	0.31x	$70.36 Million

About Solstad Offsho

OL:SOFF Norway Marine Shipping

Market Cap

$694.85 Million

Nkr6.60 Billion NOK

Market Cap Rank

#10808 Global

#77 in Norway

Share Price

Nkr60.80

Change (1 day)

-3.80%

52-Week Range

Nkr38.95 - Nkr70.00

All Time High

Nkr3092.82