Sea1 Offshore Inc.
Sea1 Offshore Inc., together with its subsidiaries, owns and operates offshore support vessels for the offshore energy service industry. The company operates through Subsea Vessels; Anchor-Handling Tug Supply (AHTS) Vessels; Platform Supply Vessels (PSVs); Fast Crew & Oil Spill Recovery Vessels; and Other segments. It provides offshore vessel activities, such as anchor handling and towing, platfo… Read more
Sea1 Offshore Inc. (SEA1) - Total Assets
Latest total assets as of June 2025: Nkr803.55 Million NOK
Based on the latest financial reports, Sea1 Offshore Inc. (SEA1) holds total assets worth Nkr803.55 Million NOK 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.
Sea1 Offshore Inc. - Total Assets Trend (2021–2024)
This chart illustrates how Sea1 Offshore Inc.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sea1 Offshore Inc. - Asset Composition Analysis
Current Asset Composition (December 2024)
Sea1 Offshore Inc.'s total assets of Nkr803.55 Million consist of 16.9% current assets and 83.1% non-current assets.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr60.70 Million | 7.4% |
| Accounts Receivable | Nkr40.70 Million | 5.0% |
| Inventory | Nkr5.34 Million | 0.7% |
| Property, Plant & Equipment | Nkr637.44 Million | 77.9% |
| Intangible Assets | Nkr0.00 | 0.0% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2021–2024)
This chart illustrates how Sea1 Offshore 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: Sea1 Offshore Inc.'s current assets represent 16.9% of total assets in 2024, an increase from 13.7% in 2021.
- Cash Position: Cash and equivalents constituted 7.4% of total assets in 2024, down from 8.6% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2021.
- Asset Diversification: The largest asset category is property, plant & equipment at 77.9% of total assets.
Sea1 Offshore Inc. Competitors by Total Assets
Key competitors of Sea1 Offshore Inc. 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 |
Sea1 Offshore 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
Moderate asset utilization - Sea1 Offshore Inc. generates 0.42x 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, Sea1 Offshore Inc. generates $ 21.11 in net profit.
Sea1 Offshore 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 | 1.60 | 1.71 | 1.71 |
| Quick Ratio | 1.60 | 1.71 | 1.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr66.41 Million | Nkr 220.17 Million | Nkr 220.17 Million |
Sea1 Offshore Inc. - Advanced Valuation Insights
This section examines the relationship between Sea1 Offshore 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 | 0.92 |
| Latest Market Cap to Assets Ratio | 0.11 |
| Asset Growth Rate (YoY) | -24.7% |
| Total Assets | Nkr818.48 Million |
| Market Capitalization | $86.26 Million USD |
Valuation Analysis
Below Book Valuation: The market values Sea1 Offshore Inc.'s assets below their book value (0.11 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Sea1 Offshore Inc.'s assets decreased by 24.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Sea1 Offshore Inc. (2021–2024)
The table below shows the annual total assets of Sea1 Offshore Inc. from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr818.48 Million | -24.70% |
| 2023-12-31 | Nkr1.09 Billion | +6.62% |
| 2022-12-31 | Nkr1.02 Billion | -5.04% |
| 2021-12-31 | Nkr1.07 Billion | -- |