Philly Shipyard ASA (PHLY) - Total Assets
Based on the latest financial reports, Philly Shipyard ASA (PHLY) holds total assets worth Nkr12.00 Million NOK (≈ $1.26 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 PHLY debt coverage from operations to assess how comfortably operating cash covers total debt obligations.
Philly Shipyard ASA - Total Assets Trend (2016–2024)
This chart illustrates how Philly Shipyard ASA's total assets have evolved over time, based on quarterly financial data. See Philly Shipyard ASA book value and equity for net asset value and shareholders' equity analysis.
Philly Shipyard ASA - Asset Composition Analysis
Current Asset Composition (December 2024)
Philly Shipyard ASA's total assets of Nkr12.00 Million consist of 89.8% current assets and 10.2% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr88.04 Million | 89.7% |
| Accounts Receivable | Nkr0.00 | 0.0% |
| Inventory | Nkr0.00 | 0.0% |
| 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 Philly Shipyard ASA'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 Philly Shipyard ASA market capitalisation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Philly Shipyard ASA's current assets represent 89.8% of total assets in 2024, an increase from 64.6% in 2016.
- Cash Position: Cash and equivalents constituted 89.7% of total assets in 2024, up from 16.9% 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 cash and equivalents at 89.7% of total assets.
Philly Shipyard ASA Competitors by Total Assets
Key competitors of Philly Shipyard ASA based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
China CSSC Holdings Ltd
SHG:600150
|
China | CN¥418.46 Billion |
|
Thales S.A.
PA:HO
|
France | €38.89 Billion |
|
Yangzijiang Shipbuilding (Holdings) Ltd
F:B8O
|
Germany | €58.33 Billion |
|
Kuang Chi Technologies Co Ltd
SHE:002625
|
China | CN¥11.38 Billion |
|
Cosco Shipping Development Co Ltd
SHG:601866
|
China | CN¥135.82 Billion |
|
Inner Mongolia First Machinery Group Co Ltd
SHG:600967
|
China | CN¥22.51 Billion |
|
Exail Technologies S.A.
PA:EXA
|
France | €898.33 Million |
|
Xian Xice Testing Technology Co. Ltd. A
SHE:301306
|
China | CN¥1.57 Billion |
Philly Shipyard ASA - 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 | 19.00 | 0.00 | 1.51 |
| Quick Ratio | 19.00 | 0.00 | 1.51 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr1.80 Million | Nkr-281.70 Million | Nkr34.70 Million |
Philly Shipyard ASA - Advanced Valuation Insights
This section examines the relationship between Philly Shipyard ASA'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 | 0.42 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | -66.7% |
| Total Assets | Nkr98.12 Million |
| Market Capitalization | $5.48 Million USD |
Valuation Analysis
Below Book Valuation: The market values Philly Shipyard ASA's assets below their book value (0.06x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Philly Shipyard ASA's assets decreased by 66.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Philly Shipyard ASA (2016–2024)
The table below shows the annual total assets of Philly Shipyard ASA from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr98.12 Million ≈ $10.32 Million |
-66.68% |
| 2023-12-31 | Nkr294.46 Million ≈ $30.99 Million |
-15.99% |
| 2022-12-31 | Nkr350.50 Million ≈ $36.88 Million |
-19.79% |
| 2021-12-31 | Nkr437.00 Million ≈ $45.98 Million |
+83.83% |
| 2020-12-31 | Nkr237.72 Million ≈ $25.02 Million |
+46.93% |
| 2019-12-31 | Nkr161.80 Million ≈ $17.03 Million |
-14.84% |
| 2018-12-31 | Nkr189.99 Million ≈ $19.99 Million |
-24.90% |
| 2017-12-31 | Nkr252.99 Million ≈ $26.62 Million |
-38.11% |
| 2016-12-31 | Nkr408.79 Million ≈ $43.02 Million |
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About Philly Shipyard ASA
Philly Shipyard ASA is in the process of liquidation, operates a commercial shipyard that builds and repairs vessels for the United States Jones Act market and government. It owns a shipbuilding facility, which provides ocean-going merchant vessels, including containerships, product tankers, aframax tankers, and national security multi-mission vessels. Philly Shipyard ASA was formerly known as Ak… Read more