Golden Energy Offshore Services AS
Golden Energy Offshore Services ASA, together with its subsidiaries, owns and operates supply vessels for the oil and gas, and renewable offshore service industry in the North Sea, the Caribbean, and internationally. The company was incorporated in 2013 and is headquartered in Ålesund, Norway.
Golden Energy Offshore Services AS (GEOUF) - Total Assets
Latest total assets as of September 2025: $1.53 Billion USD
Based on the latest financial reports, Golden Energy Offshore Services AS (GEOUF) holds total assets worth $1.53 Billion USD 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.
Golden Energy Offshore Services AS - Total Assets Trend (2018–2024)
This chart illustrates how Golden Energy Offshore Services AS’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Golden Energy Offshore Services AS - Asset Composition Analysis
Current Asset Composition (December 2024)
Golden Energy Offshore Services AS's total assets of $1.53 Billion consist of 12.2% current assets and 87.8% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.3% |
| Accounts Receivable | $97.58 Million | 6.2% |
| Inventory | $11.06 Million | 0.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $18.55 Million | 1.2% |
Asset Composition Trend (2018–2024)
This chart illustrates how Golden Energy Offshore Services AS'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: Golden Energy Offshore Services AS's current assets represent 12.2% of total assets in 2024, a decrease from 17.9% in 2018.
- Cash Position: Cash and equivalents constituted 2.3% of total assets in 2024, down from 5.6% in 2018.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, an increase from 0.0% in 2018.
- Asset Diversification: The largest asset category is accounts receivable at 6.2% of total assets.
Golden Energy Offshore Services AS Competitors by Total Assets
Key competitors of Golden Energy Offshore Services AS 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 |
Golden Energy Offshore Services AS - 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
Lower asset utilization - Golden Energy Offshore Services AS generates 0.32x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Golden Energy Offshore Services AS is currently not profitable relative to its asset base.
Golden Energy Offshore Services AS - 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 | 0.44 | 0.38 | 0.16 |
| Quick Ratio | 0.41 | 0.37 | 0.16 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-184.65 Million | $ -226.97 Million | $ -277.88 Million |
Golden Energy Offshore Services AS - Advanced Valuation Insights
This section examines the relationship between Golden Energy Offshore Services AS'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 | 1.08 |
| Latest Market Cap to Assets Ratio | 0.02 |
| Asset Growth Rate (YoY) | 1.7% |
| Total Assets | $1.59 Billion |
| Market Capitalization | $28.74 Million USD |
Valuation Analysis
Below Book Valuation: The market values Golden Energy Offshore Services AS's assets below their book value (0.02 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Golden Energy Offshore Services AS's assets grew by 1.7% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Golden Energy Offshore Services AS (2018–2024)
The table below shows the annual total assets of Golden Energy Offshore Services AS from 2018 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.59 Billion | +1.72% |
| 2023-12-31 | $1.56 Billion | +175.90% |
| 2022-12-31 | $565.02 Million | +20.06% |
| 2021-12-31 | $470.62 Million | -0.49% |
| 2020-12-31 | $472.92 Million | -18.30% |
| 2019-12-31 | $578.87 Million | +112.62% |
| 2018-12-31 | $272.26 Million | -- |