First Ship Lease Trust
First Ship Lease Trust, a business trust, owns a fleet of vessels in various shipping sub-sectors in Asia, Europe, and internationally. The company is involved in leasing and chartering vessels on long-term bareboat charters to the international shipping industry; and on short-term time charters, or in pools or spot markets. As of December 31, 2021, it operated 11 vessels, which included eight sm… Read more
First Ship Lease Trust (FSLUF) - Total Assets
Latest total assets as of December 2025: $43.94 Million USD
Based on the latest financial reports, First Ship Lease Trust (FSLUF) holds total assets worth $43.94 Million USD as of December 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.
First Ship Lease Trust - Total Assets Trend (2014–2025)
This chart illustrates how First Ship Lease Trust’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First Ship Lease Trust - Asset Composition Analysis
Current Asset Composition (December 2025)
First Ship Lease Trust's total assets of $43.94 Million consist of 48.8% current assets and 51.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 47.4% |
| Accounts Receivable | $614.00K | 1.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2014–2025)
This chart illustrates how First Ship Lease Trust'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: First Ship Lease Trust's current assets represent 48.8% of total assets in 2025, an increase from 6.3% in 2014.
- Cash Position: Cash and equivalents constituted 47.4% of total assets in 2025, up from 5.5% 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 accounts receivable at 1.4% of total assets.
First Ship Lease Trust Competitors by Total Assets
Key competitors of First Ship Lease Trust based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bohai Leasing Co Ltd
SHE:000415
|
China | CN¥286.33 Billion |
|
Lotte Rental Co Ltd
KO:089860
|
Korea | ₩7.39 Trillion |
|
AJ Networks Co Ltd
KO:095570
|
Korea | ₩1.74 Trillion |
|
Redde Northgate PLC
F:21W
|
Germany | €2.50 Billion |
|
Cuckoo Homesys Co Ltd
KO:284740
|
Korea | ₩1.49 Trillion |
|
China Development Bank Financial Leasing Co. Ltd
F:2C6
|
Germany | €417.73 Billion |
|
Shaanxi Construction Machinery Co Ltd
SHG:600984
|
China | CN¥15.56 Billion |
|
Zhejiang Huatie Constr Safety
SHG:603300
|
China | CN¥26.42 Billion |
First Ship Lease Trust - 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 - First Ship Lease Trust generates 0.14x 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, First Ship Lease Trust generates $ 15.61 in net profit.
First Ship Lease Trust - 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 | 40.32 | 4.61 | 1.36 |
| Quick Ratio | 40.32 | 4.61 | 1.36 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $20.92 Million | $ 12.50 Million | $ 6.76 Million |
First Ship Lease Trust - Advanced Valuation Insights
This section examines the relationship between First Ship Lease Trust'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 | 0.35 |
| Latest Market Cap to Assets Ratio | 0.39 |
| Asset Growth Rate (YoY) | 3.0% |
| Total Assets | $43.94 Million |
| Market Capitalization | $17.02 Million USD |
Valuation Analysis
Below Book Valuation: The market values First Ship Lease Trust's assets below their book value (0.39 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: First Ship Lease Trust's assets grew by 3.0% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First Ship Lease Trust (2014–2025)
The table below shows the annual total assets of First Ship Lease Trust from 2014 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $43.94 Million | +3.00% |
| 2024-12-31 | $42.66 Million | -35.10% |
| 2023-12-31 | $65.73 Million | +0.41% |
| 2022-12-31 | $65.47 Million | -21.76% |
| 2021-12-31 | $83.67 Million | -48.30% |
| 2020-12-31 | $161.84 Million | -41.19% |
| 2019-12-31 | $275.20 Million | +4.57% |
| 2018-12-31 | $263.17 Million | -20.50% |
| 2017-12-31 | $331.04 Million | -30.22% |
| 2016-12-31 | $474.43 Million | -15.31% |
| 2015-12-31 | $560.21 Million | -5.83% |
| 2014-12-31 | $594.92 Million | -- |