Belships
Belships ASA owns and operates dry bulk ships worldwide. It operates through Belships and Lighthouse Navigation segments. The company operates a fleet of 38 modern Supra/Ultramax bulk carriers, including newbuildings. It also provides technical, crewing, port agency, and logistical services. The company was founded in 1918 and is headquartered in Oslo, Norway. As of March 7, 2025, Belships ASA wa… Read more
Belships (BELCO) - Total Assets
Latest total assets as of December 2024: Nkr823.59 Million NOK
Based on the latest financial reports, Belships (BELCO) holds total assets worth Nkr823.59 Million NOK as of December 2024.
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.
Belships - Total Assets Trend (2016–2024)
This chart illustrates how Belships’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Belships - Asset Composition Analysis
Current Asset Composition (December 2024)
Belships's total assets of Nkr823.59 Million consist of 16.9% current assets and 83.1% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr0.00 | 12.2% |
| Accounts Receivable | Nkr0.00 | 0.0% |
| Inventory | Nkr6.33 Million | 0.8% |
| Property, Plant & Equipment | Nkr0.00 | 0.0% |
| Intangible Assets | Nkr0.00 | 0.0% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how Belships'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: Belships's current assets represent 16.9% of total assets in 2024, an increase from 8.6% in 2016.
- Cash Position: Cash and equivalents constituted 12.2% of total assets in 2024, up from 4.5% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is inventory at 0.8% of total assets.
Belships Competitors by Total Assets
Key competitors of Belships based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Costamare Bulkers Holdings Limited
NYSE:CMDB
|
USA | $1.09 Billion |
|
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 |
Belships - 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
Moderate asset utilization - Belships generates 0.50x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Belships generates $7.06 in net profit.
Belships - 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 | 2.30 | 2.26 | 1.81 |
| Quick Ratio | 2.19 | 2.15 | 1.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr78.57 Million | Nkr 104.35 Million | Nkr 23.93 Million |
Belships - Advanced Valuation Insights
This section examines the relationship between Belships'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 | 1.96 |
| Latest Market Cap to Assets Ratio | 0.49 |
| Asset Growth Rate (YoY) | -11.7% |
| Total Assets | Nkr823.59 Million |
| Market Capitalization | $399.83 Million USD |
Valuation Analysis
Below Book Valuation: The market values Belships's assets below their book value (0.49 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Belships's assets decreased by 11.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Belships (2016–2024)
The table below shows the annual total assets of Belships from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr823.59 Million | -11.71% |
| 2023-12-31 | Nkr932.86 Million | -6.74% |
| 2022-12-31 | Nkr1.00 Billion | +25.41% |
| 2021-12-31 | Nkr797.63 Million | +71.73% |
| 2020-12-31 | Nkr464.48 Million | +16.81% |
| 2019-12-31 | Nkr397.64 Million | +35.43% |
| 2018-12-31 | Nkr293.61 Million | +187.49% |
| 2017-12-31 | Nkr102.13 Million | -3.30% |
| 2016-12-31 | Nkr105.61 Million | -- |