Reach Subsea
Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers subsea services, including engineering solutions and project management for offshore operations; inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection… Read more
Reach Subsea (REACH) - Total Assets
Latest total assets as of September 2025: Nkr3.65 Billion NOK
Based on the latest financial reports, Reach Subsea (REACH) holds total assets worth Nkr3.65 Billion NOK 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.
Reach Subsea - Total Assets Trend (2000–2024)
This chart illustrates how Reach Subsea’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Reach Subsea - Asset Composition Analysis
Current Asset Composition (December 2024)
Reach Subsea's total assets of Nkr3.65 Billion consist of 31.2% current assets and 68.8% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr278.02 Million | 8.6% |
| Accounts Receivable | Nkr692.70 Million | 21.3% |
| Inventory | Nkr18.77 Million | 0.6% |
| Property, Plant & Equipment | Nkr1.94 Billion | 59.7% |
| Intangible Assets | Nkr25.21 Million | 0.8% |
| Goodwill | Nkr109.59 Million | 3.4% |
Asset Composition Trend (2000–2024)
This chart illustrates how Reach Subsea'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: Reach Subsea's current assets represent 31.2% of total assets in 2024, an increase from 0.0% in 2000.
- Cash Position: Cash and equivalents constituted 8.6% of total assets in 2024, up from 3.9% in 2000.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 2000.
- Asset Diversification: The largest asset category is property, plant & equipment at 59.7% of total assets.
Reach Subsea Competitors by Total Assets
Key competitors of Reach Subsea based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Reach Subsea - 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
Strong asset utilization - Reach Subsea generates 0.84x 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, Reach Subsea generates $6.33 in net profit.
Reach Subsea - 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 | 1.14 | 0.73 | 1.73 |
| Quick Ratio | 1.11 | 0.70 | 1.72 |
| Cash Ratio | 0.00 | 0.18 | 0.00 |
| Working Capital | Nkr174.39 Million | Nkr -386.03 Million | Nkr 101.85 Million |
Reach Subsea - Advanced Valuation Insights
This section examines the relationship between Reach Subsea'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 | 1.80 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 20.8% |
| Total Assets | Nkr3.25 Billion |
| Market Capitalization | $50.85 Million USD |
Valuation Analysis
Below Book Valuation: The market values Reach Subsea's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Reach Subsea's assets grew by 20.8% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Reach Subsea (2000–2024)
The table below shows the annual total assets of Reach Subsea from 2000 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr3.25 Billion | +20.83% |
| 2023-12-31 | Nkr2.69 Billion | +182.32% |
| 2022-12-31 | Nkr952.09 Million | +27.53% |
| 2021-12-31 | Nkr746.53 Million | +105.65% |
| 2020-12-31 | Nkr363.01 Million | -18.49% |
| 2019-12-31 | Nkr445.38 Million | -9.90% |
| 2018-12-31 | Nkr494.34 Million | +27.03% |
| 2017-12-31 | Nkr389.16 Million | +30.33% |
| 2016-12-31 | Nkr298.59 Million | -11.99% |
| 2015-12-31 | Nkr339.25 Million | +29.01% |
| 2014-12-31 | Nkr262.96 Million | +24.50% |
| 2013-12-31 | Nkr211.21 Million | +316.83% |
| 2012-12-31 | Nkr50.67 Million | -94.60% |
| 2011-12-31 | Nkr938.41 Million | -32.37% |
| 2010-12-31 | Nkr1.39 Billion | -65.71% |
| 2009-12-31 | Nkr4.05 Billion | +73.76% |
| 2008-12-31 | Nkr2.33 Billion | +22.14% |
| 2007-12-31 | Nkr1.91 Billion | -3.63% |
| 2006-12-31 | Nkr1.98 Billion | +57.51% |
| 2005-12-31 | Nkr1.26 Billion | +94.63% |
| 2004-12-31 | Nkr645.36 Million | +31.42% |
| 2003-12-31 | Nkr491.08 Million | -6.78% |
| 2002-12-31 | Nkr526.77 Million | -16.75% |
| 2001-12-31 | Nkr632.77 Million | -16.11% |
| 2000-12-31 | Nkr754.25 Million | -- |