Golden Energy Offshore Services AS
Golden Energy Offshore Services ASA, together with its subsidiaries, owns and operates supply vessels for the oil and gas, and renewable offshore service industry in the North Sea, the Caribbean, and internationally. The company was incorporated in 2013 and is headquartered in Ålesund, Norway.
Golden Energy Offshore Services AS (GEOUF) - Net Assets
Latest net assets as of September 2025: $381.25 Million USD
Based on the latest financial reports, Golden Energy Offshore Services AS (GEOUF) has net assets worth $381.25 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 ($1.53 Billion) and total liabilities ($1.15 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $381.25 Million |
| % of Total Assets | 24.91% |
| Annual Growth Rate | 8.39% |
| 5-Year Change | 211.73% |
| 10-Year Change | N/A |
| Growth Volatility | 153.54 |
Golden Energy Offshore Services AS - Net Assets Trend (2018–2024)
This chart illustrates how Golden Energy Offshore Services AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Golden Energy Offshore Services AS (2018–2024)
The table below shows the annual net assets of Golden Energy Offshore Services AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $437.39 Million | -17.39% |
| 2023-12-31 | $529.49 Million | +390.21% |
| 2022-12-31 | $108.01 Million | +40.00% |
| 2021-12-31 | $77.15 Million | -45.01% |
| 2020-12-31 | $140.31 Million | -50.96% |
| 2019-12-31 | $286.11 Million | +6.08% |
| 2018-12-31 | $269.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golden Energy Offshore Services 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $438.25 Million | 100.00% |
| Total Equity | $438.25 Million | 100.00% |
Golden Energy Offshore Services AS Competitors by Market Cap
The table below lists competitors of Golden Energy Offshore Services AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MIRC Electronics Limited
NSE:MIRCELECTR
|
$28.74 Million |
|
Ohmyhome Limited Ordinary Shares
NASDAQ:OMH
|
$28.74 Million |
|
Universal Textile Co Ltd
TW:1445
|
$28.75 Million |
|
Borosil Scientific
NSE:BOROSCI
|
$28.77 Million |
|
Dogusan Boru Sanayi ve Ticaret AS
IS:DOGUB
|
$28.73 Million |
|
Snet systems Inc
KQ:038680
|
$28.73 Million |
|
1911 Gold Corp
OTCQB:AUMBF
|
$28.73 Million |
|
Syntek Semiconductor Co Ltd
TWO:5302
|
$28.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golden Energy Offshore Services AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 529,486,000 to 438,245,000, a change of -91,241,000 (-17.2%).
- Net loss of 91,567,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-91.57 Million | -20.89% |
| Other Changes | $326.00K | +0.07% |
| Total Change | $- | -17.23% |
Book Value vs Market Value Analysis
This analysis compares Golden Energy Offshore Services 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
- Current price-to-book ratio: 0.09x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $10.82 | $1.60 | x |
| 2019-12-31 | $8.08 | $1.60 | x |
| 2020-12-31 | $3.07 | $1.60 | x |
| 2021-12-31 | $1.69 | $1.60 | x |
| 2022-12-31 | $2.01 | $1.60 | x |
| 2023-12-31 | $1.06 | $1.60 | x |
| 2024-12-31 | $17.56 | $1.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golden Energy Offshore Services 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): -20.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.85%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.62x
- Recent ROE (-20.89%) is above the historical average (-35.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 28.02% | 123.55% | 0.22x | 1.01x | $48.59 Million |
| 2019 | -6.01% | -15.58% | 0.19x | 2.02x | $-45.81 Million |
| 2020 | -111.35% | -223.05% | 0.15x | 3.37x | $-170.27 Million |
| 2021 | -81.86% | -88.72% | 0.15x | 6.10x | $-70.87 Million |
| 2022 | -53.59% | -41.04% | 0.25x | 5.23x | $-68.69 Million |
| 2023 | -1.60% | -4.04% | 0.13x | 2.94x | $-61.43 Million |
| 2024 | -20.89% | -17.85% | 0.32x | 3.62x | $-135.39 Million |
Industry Comparison
This section compares Golden Energy Offshore Services AS's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $6,996,338,635
- Average return on equity (ROE) among peers: 158.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golden Energy Offshore Services AS (GEOUF) | $381.25 Million | 28.02% | 3.01x | $28.74 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| Ardmore Shpng (ASC) | $634.34 Million | 6.47% | 0.24x | $516.76 Million |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |