Vantage Drilling International
Vantage Drilling International Ltd. operates as an offshore drilling company that provides offshore contract drilling services in the United States and internationally. It operates through two segments, Drilling Services and Managed Services. The company offers contract drilling units, related equipment, and work crews on a dayrate basis to drill oil and gas wells. It also provides operational an… Read more
Vantage Drilling International (VTDRF) - Net Assets
Latest net assets as of September 2025: $313.70 Million USD
Based on the latest financial reports, Vantage Drilling International (VTDRF) has net assets worth $313.70 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 ($475.11 Million) and total liabilities ($161.41 Million). 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 | $313.70 Million |
| % of Total Assets | 66.03% |
| Annual Growth Rate | 2.3% |
| 5-Year Change | -26.69% |
| 10-Year Change | -41.64% |
| Growth Volatility | 66.67 |
Vantage Drilling International - Net Assets Trend (2007–2024)
This chart illustrates how Vantage Drilling International's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Vantage Drilling International (2007–2024)
The table below shows the annual net assets of Vantage Drilling International from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $275.46 Million | +11.66% |
| 2023-12-31 | $246.69 Million | -6.02% |
| 2022-12-31 | $262.50 Million | -1.26% |
| 2021-12-31 | $265.85 Million | -29.25% |
| 2020-12-31 | $375.75 Million | -42.47% |
| 2019-12-31 | $653.09 Million | +1109.52% |
| 2018-12-31 | $-64.69 Million | -184.26% |
| 2017-12-31 | $76.78 Million | -66.11% |
| 2016-12-31 | $226.56 Million | -52.00% |
| 2015-12-31 | $472.01 Million | -15.06% |
| 2014-12-31 | $555.67 Million | +9.94% |
| 2013-12-31 | $505.46 Million | -11.09% |
| 2012-12-31 | $568.49 Million | -18.34% |
| 2011-12-31 | $696.15 Million | -9.61% |
| 2010-12-31 | $770.15 Million | +13.75% |
| 2009-12-31 | $677.06 Million | +36.38% |
| 2008-12-31 | $496.45 Million | +165.31% |
| 2007-12-31 | $187.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vantage Drilling International'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 18888.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $13.00K | 0.00% |
| Other Components | $635.23 Million | 231.38% |
| Total Equity | $274.54 Million | 100.00% |
Vantage Drilling International Competitors by Market Cap
The table below lists competitors of Vantage Drilling International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lyons Bancorp Inc
OTCQX:LYBC
|
$93.62 Million |
|
Golden Long Teng Development Co Ltd
TWO:3188
|
$93.62 Million |
|
Exchange Bank
PINK:EXSR
|
$93.63 Million |
|
Fiera Milano SpA
F:FM3
|
$93.64 Million |
|
Claritev Corporation
NYSE:CTEV
|
$93.54 Million |
|
RS Automation Co.Ltd
KQ:140670
|
$93.52 Million |
|
BayWa AktienGesellschaft Vink.N
F:BYW6
|
$93.47 Million |
|
Sparebanken Ost
OL:SPOG
|
$93.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vantage Drilling International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 245,453,000 to 274,536,000, a change of 29,083,000 (11.8%).
- Net income of 27,814,000 contributed positively to equity growth.
- Dividend payments of 3,272,000 reduced retained earnings.
- Share repurchases of 441,000 reduced equity.
- Other factors increased equity by 4,982,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $27.81 Million | +10.13% |
| Dividends Paid | $3.27 Million | -1.19% |
| Share Repurchases | $441.00K | -0.16% |
| Other Changes | $4.98 Million | +1.81% |
| Total Change | $- | 11.85% |
Book Value vs Market Value Analysis
This analysis compares Vantage Drilling International'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: 0.58x
- 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 decreased from 2.02x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $5.88 | $11.90 | x |
| 2008-12-31 | $8.15 | $11.90 | x |
| 2009-12-31 | $5.49 | $11.90 | x |
| 2010-12-31 | $3.01 | $11.90 | x |
| 2011-12-31 | $2.40 | $11.90 | x |
| 2012-12-31 | $1.96 | $11.90 | x |
| 2013-12-31 | $1.67 | $11.90 | x |
| 2014-12-31 | $1.79 | $11.90 | x |
| 2015-12-31 | $1.46 | $11.90 | x |
| 2016-12-31 | $45.31 | $11.90 | x |
| 2017-12-31 | $15.36 | $11.90 | x |
| 2018-12-31 | $-12.94 | $11.90 | x |
| 2019-12-31 | $114.82 | $11.90 | x |
| 2020-12-31 | $28.56 | $11.90 | x |
| 2021-12-31 | $20.13 | $11.90 | x |
| 2022-12-31 | $19.88 | $11.90 | x |
| 2023-12-31 | $18.57 | $11.90 | x |
| 2024-12-31 | $20.62 | $11.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vantage Drilling International 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): 10.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.62%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.60x
- Recent ROE (10.13%) is above the historical average (-31.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 2.38% | 0.00% | 0.00x | 1.47x | $-14.26 Million |
| 2008 | -9.54% | -5190.71% | 0.00x | 1.34x | $-97.02 Million |
| 2009 | 1.31% | 7.93% | 0.10x | 1.65x | $-58.87 Million |
| 2010 | -6.18% | -17.09% | 0.14x | 2.60x | $-124.59 Million |
| 2011 | -11.48% | -16.47% | 0.23x | 3.05x | $-149.57 Million |
| 2012 | -25.56% | -30.82% | 0.13x | 6.21x | $-202.15 Million |
| 2013 | -16.19% | -11.18% | 0.20x | 7.18x | $-132.37 Million |
| 2014 | 7.56% | 4.80% | 0.25x | 6.35x | $-13.56 Million |
| 2015 | 3.77% | 2.23% | 0.23x | 7.30x | $-28.46 Million |
| 2016 | -272.98% | -339.46% | 0.16x | 5.12x | $-641.12 Million |
| 2017 | -195.10% | -70.37% | 0.20x | 14.11x | $-157.46 Million |
| 2018 | 0.00% | -62.67% | 0.20x | 0.00x | $-135.00 Million |
| 2019 | 69.91% | 59.90% | 0.70x | 1.67x | $390.55 Million |
| 2020 | -73.89% | -218.16% | 0.16x | 2.09x | $-314.21 Million |
| 2021 | -41.75% | -69.59% | 0.23x | 2.65x | $-136.66 Million |
| 2022 | -1.29% | -1.21% | 0.48x | 2.22x | $-29.44 Million |
| 2023 | -6.26% | -5.49% | 0.50x | 2.29x | $-39.92 Million |
| 2024 | 10.13% | 11.62% | 0.55x | 1.60x | $360.40K |
Industry Comparison
This section compares Vantage Drilling International'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 |
|---|---|---|---|---|
| Vantage Drilling International (VTDRF) | $313.70 Million | 2.38% | 0.51x | $93.60 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 |