Shelf Drilling Ltd
Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and the North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of its… Read more
Shelf Drilling Ltd (SHLLF) - Net Assets
Latest net assets as of June 2025: $455.70 Million USD
Based on the latest financial reports, Shelf Drilling Ltd (SHLLF) has net assets worth $455.70 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 ($2.01 Billion) and total liabilities ($1.56 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 | $455.70 Million |
| % of Total Assets | 22.66% |
| Annual Growth Rate | -3.16% |
| 5-Year Change | 48.22% |
| 10-Year Change | 4.27% |
| Growth Volatility | 36.41 |
Shelf Drilling Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Shelf Drilling Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shelf Drilling Ltd (2014–2024)
The table below shows the annual net assets of Shelf Drilling Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $428.30 Million | +6.46% |
| 2023-12-31 | $402.30 Million | +27.52% |
| 2022-12-31 | $315.49 Million | +47.65% |
| 2021-12-31 | $213.67 Million | -26.06% |
| 2020-12-31 | $288.96 Million | -48.53% |
| 2019-12-31 | $561.45 Million | -5.04% |
| 2018-12-31 | $591.26 Million | -12.44% |
| 2017-12-31 | $675.22 Million | +77.95% |
| 2016-12-31 | $379.45 Million | -7.63% |
| 2015-12-31 | $410.78 Million | -30.43% |
| 2014-12-31 | $590.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shelf 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 decreased by 692.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.60 Million | 0.61% |
| Other Components | $1.17 Billion | 274.27% |
| Total Equity | $428.30 Million | 100.00% |
Shelf Drilling Ltd Competitors by Market Cap
The table below lists competitors of Shelf Drilling Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
COWINTECH Co. Ltd
KQ:282880
|
$77.27 Million |
|
TUL Corporation
TWO:6150
|
$77.27 Million |
|
Power Metals Corp
OTCQB:PWRMF
|
$77.30 Million |
|
3-D Matrix Ltd
PINK:DMTRF
|
$77.30 Million |
|
President Bakery Public Company Limited
BK:PB
|
$77.26 Million |
|
Crimson Wine
OTCQB:CWGL
|
$77.26 Million |
|
Kintor Pharmaceutical Limited
PINK:KNTPF
|
$77.25 Million |
|
Arbor Technology
TWO:3594
|
$77.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shelf Drilling Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 332,000,000 to 428,300,000, a change of 96,300,000 (29.0%).
- Net income of 81,400,000 contributed positively to equity growth.
- Other factors increased equity by 14,900,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $81.40 Million | +19.01% |
| Other Changes | $14.90 Million | +3.48% |
| Total Change | $- | 29.01% |
Book Value vs Market Value Analysis
This analysis compares Shelf 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: 0.27x
- 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.
- The price-to-book ratio has increased from 0.07x to 0.27x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $7.23 | $0.50 | x |
| 2015-12-31 | $5.03 | $0.50 | x |
| 2016-12-31 | $4.65 | $0.50 | x |
| 2017-12-31 | $8.27 | $0.50 | x |
| 2018-12-31 | $6.09 | $0.50 | x |
| 2019-12-31 | $4.37 | $0.50 | x |
| 2020-12-31 | $2.12 | $0.50 | x |
| 2021-12-31 | $1.56 | $0.50 | x |
| 2022-12-31 | $1.50 | $0.50 | x |
| 2023-12-31 | $1.68 | $0.50 | x |
| 2024-12-31 | $1.84 | $0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shelf 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): 19.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.26%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 4.85x
- Recent ROE (19.01%) is above the historical average (-18.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 38.29% | 17.86% | 0.73x | 2.94x | $167.02 Million |
| 2015 | -43.82% | -17.45% | 0.69x | 3.61x | $-221.08 Million |
| 2016 | -7.86% | -4.36% | 0.43x | 4.18x | $-67.78 Million |
| 2017 | -10.55% | -12.45% | 0.34x | 2.49x | $-138.73 Million |
| 2018 | -23.04% | -22.21% | 0.37x | 2.78x | $-195.37 Million |
| 2019 | -26.63% | -25.95% | 0.34x | 3.03x | $-205.68 Million |
| 2020 | -95.12% | -46.97% | 0.39x | 5.25x | $-303.76 Million |
| 2021 | -36.80% | -14.93% | 0.33x | 7.57x | $-100.00 Million |
| 2022 | -10.28% | -3.48% | 0.34x | 8.69x | $-47.77 Million |
| 2023 | -2.29% | -0.84% | 0.43x | 6.32x | $-40.80 Million |
| 2024 | 19.01% | 8.26% | 0.47x | 4.85x | $38.57 Million |
Industry Comparison
This section compares Shelf 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: $168,298,265
- Average return on equity (ROE) among peers: -7.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shelf Drilling Ltd (SHLLF) | $455.70 Million | 38.29% | 3.41x | $77.26 Million |
| Agri-Dynamics Inc (AGDY) | $-371.31K | 0.00% | 0.00x | $39.23 |
| AKITA Drilling Ltd (AKTAF) | $124.93 Million | 16.71% | 0.30x | $37.79 Million |
| Archer Limited (ARHVF) | $556.89 Million | 2.23% | 0.75x | $127.09 Million |
| Awilco Drilling PLC (AWLCF) | $-126.95 Million | 0.00% | 0.00x | $16.95 Million |
| Borr Drilling Ltd (BORR) | $993.30 Million | 8.27% | 2.44x | $1.19 Billion |
| Beard Co (BRCOQ) | $10.00 Million | -4.00% | 0.46x | $0.94 |
| Cathedral Energy Services Ltd (CETEF) | $90.77 Million | -6.37% | 0.50x | $68.91 Million |
| EP3Oil, Inc. (EEEP) | $7.39 Million | -22.45% | 0.56x | $101.31 |
| Enseco Energy Services Corp (ENSRF) | $22.49 Million | 0.00% | 0.05x | $0.97 |
| EnerNorth Industries Inc (ENYNF) | $4.54 Million | -66.24% | 2.35x | $0.92 |