Oceanpal Inc (OP) - Total Assets
Based on the latest financial reports, Oceanpal Inc (OP) holds total assets worth $78.17 Million USD as of June 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Explore cash flow to debt ratio of Oceanpal Inc to assess how comfortably operating cash covers total debt obligations.
Oceanpal Inc - Total Assets Trend (2019–2024)
This chart illustrates how Oceanpal Inc's total assets have evolved over time, based on quarterly financial data. See Oceanpal Inc (OP) net assets for net asset value and shareholders' equity analysis.
Oceanpal Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Oceanpal Inc's total assets of $78.17 Million consist of 15.8% current assets and 84.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 8.0% |
| Accounts Receivable | $3.06 Million | 3.4% |
| Inventory | $1.60 Million | 1.8% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Oceanpal Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see OP market cap overview.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Oceanpal Inc's current assets represent 15.8% of total assets in 2024, a decrease from 29.0% in 2019.
- Cash Position: Cash and equivalents constituted 8.0% of total assets in 2024, up from 0.0% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 3.4% of total assets.
Oceanpal Inc Competitors by Total Assets
Key competitors of Oceanpal Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Vapores
SN:VAPORES
|
Chile | CL$7.20 Billion |
|
Bohai Ferry Co Ltd
SHG:603167
|
China | CN¥4.19 Billion |
|
Chang Jiang Shipping Group Phoenix Co Ltd
SHE:000520
|
China | CN¥695.80 Million |
|
Euroseas Ltd
NASDAQ:ESEA
|
USA | $700.46 Million |
|
Jinzhou Port Co Ltd A
SHG:600190
|
China | CN¥9.87 Billion |
|
Pelayaran Nelly Dwi Putri Tbk
JK:NELY
|
Indonesia | Rp1.26 Trillion |
|
ADS Maritime Holding Plc
OL:ADS
|
Norway | Nkr21.94 Million |
|
PERFORMANCE SHIPP.
F:DS2
|
Germany | €559.85 Million |
Oceanpal Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 7.05 | 12.38 | 2.25 |
| Quick Ratio | 7.01 | 12.27 | 2.15 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $24.82 Million | $31.21 Million | $2.35 Million |
Oceanpal Inc - Advanced Valuation Insights
This section examines the relationship between Oceanpal Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.51 |
| Latest Market Cap to Assets Ratio | 0.48 |
| Asset Growth Rate (YoY) | -5.7% |
| Total Assets | $89.46 Million |
| Market Capitalization | $42.95 Million USD |
Valuation Analysis
Below Book Valuation: The market values Oceanpal Inc's assets below their book value (0.48x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Oceanpal Inc's assets decreased by 5.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Oceanpal Inc (2019–2024)
The table below shows the annual total assets of Oceanpal Inc from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $89.46 Million | -5.68% |
| 2023-12-31 | $94.84 Million | +20.03% |
| 2022-12-31 | $79.02 Million | +61.00% |
| 2021-12-31 | $49.08 Million | +31.98% |
| 2020-12-31 | $37.19 Million | +3.63% |
| 2019-12-31 | $35.89 Million | -- |
About Oceanpal Inc
OceanPal Inc. provides ocean-going transportation services worldwide. It owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal, and grains, as well as minor bulks, including steel products, cement, and fertilizers. As of December 31, 2023, the company's fleet consists of three Panamax dry bulk carriers with a total cargo carrying capacity of approximately 223,546 … Read more