Shelf Drilling Ltd (SHLF) - Total Assets
Based on the latest financial reports, Shelf Drilling Ltd (SHLF) holds total assets worth Nkr2.01 Billion NOK (≈ $211.65 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.
Shelf Drilling Ltd - Total Assets Trend (2014–2024)
This chart illustrates how Shelf Drilling Ltd's total assets have evolved over time, based on quarterly financial data. Also see SHLF market cap overview for the company's overall valuation and market capitalisation.
Shelf Drilling Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Shelf Drilling Ltd's total assets of Nkr2.01 Billion consist of 23.3% current assets and 76.7% non-current assets. Review SHLF total debt and obligations to assess the company's total debt and financial obligations.
| Asset Category | Amount (NOK) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr152.30 Million | 7.3% |
| Accounts Receivable | Nkr209.60 Million | 10.1% |
| Inventory | Nkr0.00 | 0.0% |
| Property, Plant & Equipment | Nkr1.44 Billion | 69.2% |
| Intangible Assets | Nkr0.00 | 0.0% |
| Goodwill | Nkr0.00 | 0.0% |
Asset Composition Trend (2014–2024)
This chart illustrates how Shelf Drilling Ltd'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. See Shelf Drilling Ltd stock quote for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Shelf Drilling Ltd's current assets represent 23.3% of total assets in 2024, a decrease from 27.1% in 2014.
- Cash Position: Cash and equivalents constituted 7.3% of total assets in 2024, up from 5.2% in 2014.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2014.
- Asset Diversification: The largest asset category is property, plant & equipment at 69.2% of total assets.
Shelf Drilling Ltd Competitors by Total Assets
Key competitors of Shelf Drilling Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Valaris Ltd
NYSE:VAL
|
USA | $5.36 Billion |
|
Odfjell Drilling Ltd
OL:ODL
|
Norway | Nkr2.61 Billion |
|
Dolphin Drilling AS
OL:DDRIL
|
Norway | Nkr215.10 Million |
|
Precision Drilling Corporation
TO:PD
|
Canada | CA$2.75 Billion |
|
Ensign Energy Services Inc
TO:ESI
|
Canada | CA$2.68 Billion |
|
PHX Energy Services Corporation
TO:PHX
|
Canada | CA$474.80 Million |
|
ACT Energy Technologies Ltd.
TO:ACX
|
Canada | CA$458.00 Million |
|
Western Energy Services Corp.
TO:WRG
|
Canada | CA$374.09 Million |
Shelf Drilling Ltd - 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 | 1.64 | 1.33 | 2.28 |
| Quick Ratio | 1.64 | 1.33 | 2.28 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | Nkr179.00 Million | Nkr113.30 Million | Nkr143.37 Million |
Shelf Drilling Ltd - Advanced Valuation Insights
This section examines the relationship between Shelf Drilling Ltd'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 | 1.11 |
| Latest Market Cap to Assets Ratio | 0.24 |
| Asset Growth Rate (YoY) | -1.0% |
| Total Assets | Nkr2.08 Billion |
| Market Capitalization | $498.91 Million USD |
Valuation Analysis
Below Book Valuation: The market values Shelf Drilling Ltd's assets below their book value (0.24x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Shelf Drilling Ltd's assets decreased by 1.0% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Shelf Drilling Ltd (2014–2024)
The table below shows the annual total assets of Shelf Drilling Ltd from 2014 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | Nkr2.08 Billion ≈ $218.58 Million |
-1.02% |
| 2023-12-31 | Nkr2.10 Billion ≈ $220.84 Million |
+2.56% |
| 2022-12-31 | Nkr2.05 Billion ≈ $215.33 Million |
+26.51% |
| 2021-12-31 | Nkr1.62 Billion ≈ $170.21 Million |
+6.67% |
| 2020-12-31 | Nkr1.52 Billion ≈ $159.56 Million |
-10.81% |
| 2019-12-31 | Nkr1.70 Billion ≈ $178.89 Million |
+3.29% |
| 2018-12-31 | Nkr1.65 Billion ≈ $173.20 Million |
-2.20% |
| 2017-12-31 | Nkr1.68 Billion ≈ $177.09 Million |
+6.12% |
| 2016-12-31 | Nkr1.59 Billion ≈ $166.89 Million |
+6.88% |
| 2015-12-31 | Nkr1.48 Billion ≈ $156.15 Million |
-14.53% |
| 2014-12-31 | Nkr1.74 Billion ≈ $182.69 Million |
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About Shelf Drilling Ltd
Shelf Drilling, Ltd., together with its subsidiaries, operates as a shallow water offshore drilling contractor in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, West Africa, and the North Sea. The company offers equipment and services for the drilling, completion, maintenance, and decommissioning of oil and natural gas wells, and associated services using the rigs of its… Read more