Sable Offshore Corp.
Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facili… Read more
Sable Offshore Corp. (SOC) - Total Assets
Latest total assets as of September 2025: $1.65 Billion USD
Based on the latest financial reports, Sable Offshore Corp. (SOC) holds total assets worth $1.65 Billion 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.
Sable Offshore Corp. - Total Assets Trend (2020–2024)
This chart illustrates how Sable Offshore Corp.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sable Offshore Corp. - Asset Composition Analysis
Current Asset Composition (September 2024)
Sable Offshore Corp.'s total assets of $1.65 Billion consist of 22.4% current assets and 77.6% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $300.38 Million | 19.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $15.34 Million | 1.0% |
| Property, Plant & Equipment | $1.21 Billion | 76.5% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2020–2024)
This chart illustrates how Sable Offshore Corp.'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: Sable Offshore Corp.'s current assets represent 22.4% of total assets in 2024, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 19.0% of total assets in 2024, up from 3.0% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2020.
- Asset Diversification: The largest asset category is property, plant & equipment at 76.5% of total assets.
Sable Offshore Corp. Competitors by Total Assets
Key competitors of Sable Offshore Corp. based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828
|
China | CN¥1.85 Billion |
|
Daldrup & Söhne Aktiengesellschaft
F:4DS
|
Germany | €37.46 Million |
|
Velesto Energy Bhd
KLSE:5243
|
Malaysia | RM2.85 Billion |
|
ARCHER
F:8SW
|
Germany | €1.07 Billion |
|
Aban Offshore Limited
NSE:ABAN
|
India | ₹16.43 Billion |
|
ACT Energy Technologies Ltd.
TO:ACX
|
Canada | CA$458.00 Million |
|
Agri-Dynamics Inc
PINK:AGDY
|
USA | $144.28K |
|
AKITA Drilling Ltd
PINK:AKTAF
|
USA | $258.01 Million |
Sable Offshore Corp. - 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 - Sable Offshore Corp. generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Sable Offshore Corp. is currently not profitable relative to its asset base.
Sable Offshore Corp. - 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 | 0.07 | 3.50 | 0.12 |
| Quick Ratio | 0.05 | 3.34 | 0.12 |
| Cash Ratio | 0.04 | 2.93 | 0.00 |
| Working Capital | $-983.68 Million | $ 245.88 Million | $ -176.99K |
Sable Offshore Corp. - Advanced Valuation Insights
This section examines the relationship between Sable Offshore Corp.'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 | 3.70 |
| Latest Market Cap to Assets Ratio | 0.37 |
| Asset Growth Rate (YoY) | 122.5% |
| Total Assets | $1.58 Billion |
| Market Capitalization | $586.10 Million USD |
Valuation Analysis
Below Book Valuation: The market values Sable Offshore Corp.'s assets below their book value (0.37 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Sable Offshore Corp.'s assets grew by 122.5% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Sable Offshore Corp. (2020–2024)
The table below shows the annual total assets of Sable Offshore Corp. from 2020 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-09-30 | $1.58 Billion | +122.49% |
| 2023-09-30 | $711.58 Million | +144.61% |
| 2022-09-30 | $290.91 Million | +0.86% |
| 2021-09-30 | $288.44 Million | +94711.84% |
| 2020-09-30 | $304.22K | -- |