Singapore Airlines Ltd
Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, Europe, South West Pacific, the Americas, West Asia and Africa, and internationally. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments. The company offers engineering service… Read more
Singapore Airlines Ltd (SINGY) - Net Assets
Latest net assets as of September 2025: $15.94 Billion USD
Based on the latest financial reports, Singapore Airlines Ltd (SINGY) has net assets worth $15.94 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($40.66 Billion) and total liabilities ($24.72 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 | $15.94 Billion |
| % of Total Assets | 39.2% |
| Annual Growth Rate | 2.05% |
| 5-Year Change | -1.28% |
| 10-Year Change | 22.36% |
| Growth Volatility | 18.41 |
Singapore Airlines Ltd - Net Assets Trend (2002–2025)
This chart illustrates how Singapore Airlines 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 Singapore Airlines Ltd (2002–2025)
The table below shows the annual net assets of Singapore Airlines Ltd from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $16.07 Billion | -4.03% |
| 2024-03-31 | $16.74 Billion | -17.31% |
| 2023-03-31 | $20.25 Billion | -11.19% |
| 2022-03-31 | $22.80 Billion | +40.07% |
| 2021-03-31 | $16.28 Billion | +67.25% |
| 2020-03-31 | $9.73 Billion | -28.87% |
| 2019-03-31 | $13.68 Billion | +3.44% |
| 2018-03-31 | $13.23 Billion | -1.80% |
| 2017-03-31 | $13.47 Billion | +2.57% |
| 2016-03-31 | $13.13 Billion | +1.57% |
| 2015-03-31 | $12.93 Billion | -4.75% |
| 2014-03-31 | $13.57 Billion | +1.29% |
| 2013-03-31 | $13.40 Billion | +1.63% |
| 2012-03-31 | $13.19 Billion | -9.07% |
| 2011-03-31 | $14.50 Billion | +5.48% |
| 2010-03-31 | $13.75 Billion | -5.11% |
| 2009-03-31 | $14.49 Billion | -7.28% |
| 2008-03-31 | $15.63 Billion | +0.55% |
| 2007-03-31 | $15.54 Billion | +12.09% |
| 2006-03-31 | $13.87 Billion | +9.66% |
| 2005-03-31 | $12.65 Billion | +7.53% |
| 2004-03-31 | $11.76 Billion | +7.13% |
| 2003-03-31 | $10.98 Billion | +8.94% |
| 2002-03-31 | $10.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Singapore Airlines 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 847310000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.47 Billion | 54.12% |
| Common Stock | $7.18 Billion | 45.87% |
| Other Comprehensive Income | $28.70 Million | 0.18% |
| Total Equity | $15.66 Billion | 100.00% |
Singapore Airlines Ltd Competitors by Market Cap
The table below lists competitors of Singapore Airlines Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Domino’s Pizza Inc
NYSE:DPZ
|
$15.65 Billion |
|
Muyuan Foodstuff Co Ltd
SHE:002714
|
$15.65 Billion |
|
Fortive Corp
NYSE:FTV
|
$15.66 Billion |
|
Swisscom AG
PINK:SWZCF
|
$15.68 Billion |
|
Hyundai Mobis Co.,Ltd
KO:012330
|
$15.58 Billion |
|
W P Carey Inc
NYSE:WPC
|
$15.57 Billion |
|
GDERF
OTCGREY:GDERF
|
$15.56 Billion |
|
Reliance Steel & Aluminum Co
NYSE:RS
|
$15.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Singapore Airlines Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 16,337,900,000 to 15,656,200,000, a change of -681,700,000 (-4.2%).
- Net income of 2,778,000,000 contributed positively to equity growth.
- Dividend payments of 1,428,800,000 reduced retained earnings.
- Share repurchases of 30,300,000 reduced equity.
- Other comprehensive income decreased equity by 9,166,300,000.
- Other factors increased equity by 7,165,700,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.78 Billion | +17.74% |
| Dividends Paid | $1.43 Billion | -9.13% |
| Share Repurchases | $30.30 Million | -0.19% |
| Other Comprehensive Income | $-9.17 Billion | -58.55% |
| Other Changes | $7.17 Billion | +45.77% |
| Total Change | $- | -4.17% |
Book Value vs Market Value Analysis
This analysis compares Singapore Airlines 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: 1.06x
- 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 0.89x to 1.06x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | $11.40 | $10.13 | x |
| 2003-03-31 | $12.39 | $10.13 | x |
| 2004-03-31 | $13.25 | $10.13 | x |
| 2005-03-31 | $14.27 | $10.13 | x |
| 2006-03-31 | $15.50 | $10.13 | x |
| 2007-03-31 | $17.07 | $10.13 | x |
| 2008-03-31 | $17.32 | $10.13 | x |
| 2009-03-31 | $16.50 | $10.13 | x |
| 2010-03-31 | $15.86 | $10.13 | x |
| 2011-03-31 | $16.57 | $10.13 | x |
| 2012-03-31 | $15.09 | $10.13 | x |
| 2013-03-31 | $15.62 | $10.13 | x |
| 2014-03-31 | $15.85 | $10.13 | x |
| 2015-03-31 | $14.93 | $10.13 | x |
| 2016-03-31 | $15.35 | $10.13 | x |
| 2017-03-31 | $15.53 | $10.13 | x |
| 2018-03-31 | $15.28 | $10.13 | x |
| 2019-03-31 | $15.75 | $10.13 | x |
| 2020-03-31 | $11.08 | $10.13 | x |
| 2021-03-31 | $8.61 | $10.13 | x |
| 2022-03-31 | $15.10 | $10.13 | x |
| 2023-03-31 | $13.36 | $10.13 | x |
| 2024-03-31 | $7.44 | $10.13 | x |
| 2025-03-31 | $9.53 | $10.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Singapore Airlines 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): 17.74%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.22%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.75x
- Recent ROE (17.74%) is above the historical average (5.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.42% | 6.73% | 0.50x | 1.89x | $-352.96 Million |
| 2003 | 9.94% | 10.13% | 0.55x | 1.79x | $-6.08 Million |
| 2004 | 7.41% | 8.70% | 0.49x | 1.75x | $-296.21 Million |
| 2005 | 10.96% | 11.26% | 0.55x | 1.76x | $118.17 Million |
| 2006 | 9.21% | 9.30% | 0.57x | 1.73x | $-106.36 Million |
| 2007 | 14.10% | 14.69% | 0.56x | 1.72x | $618.80 Million |
| 2008 | 13.55% | 12.83% | 0.60x | 1.75x | $536.88 Million |
| 2009 | 7.62% | 6.64% | 0.64x | 1.78x | $-331.56 Million |
| 2010 | 1.60% | 1.70% | 0.57x | 1.67x | $-1.13 Billion |
| 2011 | 7.69% | 7.52% | 0.59x | 1.73x | $-328.44 Million |
| 2012 | 2.61% | 2.26% | 0.67x | 1.71x | $-953.44 Million |
| 2013 | 2.89% | 2.51% | 0.67x | 1.71x | $-930.05 Million |
| 2014 | 2.72% | 2.36% | 0.67x | 1.71x | $-964.22 Million |
| 2015 | 2.95% | 2.36% | 0.65x | 1.92x | $-878.46 Million |
| 2016 | 6.31% | 5.28% | 0.63x | 1.89x | $-471.07 Million |
| 2017 | 2.75% | 2.42% | 0.60x | 1.90x | $-947.90 Million |
| 2018 | 10.12% | 8.23% | 0.61x | 2.02x | $15.57 Million |
| 2019 | 5.14% | 4.18% | 0.53x | 2.31x | $-645.98 Million |
| 2020 | -2.28% | -1.33% | 0.47x | 3.62x | $-1.14 Billion |
| 2021 | -26.85% | -111.92% | 0.10x | 2.36x | $-5.86 Billion |
| 2022 | -4.29% | -12.63% | 0.15x | 2.22x | $-3.20 Billion |
| 2023 | 10.86% | 12.13% | 0.35x | 2.53x | $170.97 Million |
| 2024 | 16.37% | 14.07% | 0.43x | 2.71x | $1.04 Billion |
| 2025 | 17.74% | 14.22% | 0.45x | 2.75x | $1.21 Billion |
Industry Comparison
This section compares Singapore Airlines Ltd's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $87,156,709,242
- Average return on equity (ROE) among peers: 21.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Singapore Airlines Ltd (SINGY) | $15.94 Billion | 6.42% | 1.55x | $15.61 Billion |
| American Airlines Group (AAL) | $3.79 Billion | 70.70% | 12.55x | $6.80 Billion |
| Air Canada (ACDVF) | $2.39 Billion | 72.03% | 12.07x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-899.91 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $1.30 Billion | 61.11% | 16.69x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $499.36 Million | 26.02% | 4.76x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $1.61 Billion | -30.93% | 4.93x | $418.10 Million |
| Air China Limited (AICAF) | $66.60 Billion | 10.17% | 2.21x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $1.05 Billion | -4.25% | 3.00x | $1.17 Billion |
| Alaska Air Group Inc (ALK) | $345.30 Million | 2.98% | 2.51x | $4.42 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |