Performance Shipping Inc
Performance Shipping Inc. provides shipping transportation services through its tanker vessels worldwide. As of December 31, 2024, it operated through a fleet of six Aframax tanker vessels with a combined carrying capacity of 630,519 DWT. The company was incorporated in 2010 and is based in Athens, Greece.
Performance Shipping Inc (PSHG) - Total Assets
Latest total assets as of September 2025: $554.31 Million USD
Based on the latest financial reports, Performance Shipping Inc (PSHG) holds total assets worth $554.31 Million USD as of September 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.
Performance Shipping Inc - Total Assets Trend (2010–2024)
This chart illustrates how Performance Shipping Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Performance Shipping Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Performance Shipping Inc's total assets of $554.31 Million consist of 23.8% current assets and 76.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 21.3% |
| Accounts Receivable | $5.81 Million | 1.8% |
| Inventory | $549.00K | 0.2% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2010–2024)
This chart illustrates how Performance Shipping 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.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Performance Shipping Inc's current assets represent 23.8% of total assets in 2024, an increase from 11.8% in 2010.
- Cash Position: Cash and equivalents constituted 21.3% of total assets in 2024, up from 10.5% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2010.
- Asset Diversification: The largest asset category is accounts receivable at 1.8% of total assets.
Performance Shipping Inc Competitors by Total Assets
Key competitors of Performance Shipping Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shenzhen Yan Tian Port Holdings Co Ltd
SHE:000088
|
China | CN¥24.14 Billion |
|
Zhuhai Port Co Ltd
SHE:000507
|
China | CN¥20.23 Billion |
|
Chang Jiang Shipping Group Phoenix Co Ltd
SHE:000520
|
China | CN¥631.24 Million |
|
Beibuwan Port Co Ltd
SHE:000582
|
China | CN¥37.60 Billion |
|
Eusu Holdings
KO:000700
|
Korea | ₩477.98 Billion |
|
Xiamen Port Development Co Ltd
SHE:000905
|
China | CN¥13.50 Billion |
|
Nanjing Shenghang Shipping Co Ltd
SHE:001205
|
China | CN¥4.57 Billion |
|
Nanjing Port Co Ltd
SHE:002040
|
China | CN¥5.38 Billion |
Performance Shipping Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Performance Shipping Inc generates 0.26x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Performance Shipping Inc generates $ 13.24 in net profit.
Performance Shipping 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 | 7.40 | 5.61 | 10.70 |
| Quick Ratio | 7.35 | 5.56 | 10.70 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $88.41 Million | $ 55.92 Million | $ 29.06 Million |
Performance Shipping Inc - Advanced Valuation Insights
This section examines the relationship between Performance Shipping 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 | 0.08 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | 11.5% |
| Total Assets | $330.39 Million |
| Market Capitalization | $22.68 Million USD |
Valuation Analysis
Below Book Valuation: The market values Performance Shipping Inc's assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Performance Shipping Inc's assets grew by 11.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Performance Shipping Inc (2010–2024)
The table below shows the annual total assets of Performance Shipping Inc from 2010 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $330.39 Million | +11.52% |
| 2023-12-31 | $296.27 Million | +1.12% |
| 2022-12-31 | $292.98 Million | +102.16% |
| 2021-12-31 | $144.92 Million | -8.19% |
| 2020-12-31 | $157.85 Million | +20.90% |
| 2019-12-31 | $130.57 Million | +30.46% |
| 2018-12-31 | $100.09 Million | -56.92% |
| 2017-12-31 | $232.31 Million | -12.84% |
| 2016-12-31 | $266.53 Million | -38.83% |
| 2015-12-31 | $435.72 Million | +6.47% |
| 2014-12-31 | $409.26 Million | +29.22% |
| 2013-12-31 | $316.71 Million | -6.03% |
| 2012-12-31 | $337.05 Million | +60.49% |
| 2011-12-31 | $210.01 Million | +99.35% |
| 2010-12-31 | $105.35 Million | -- |