MODEC Inc
MODEC, Inc., a general contractor, engages in the engineering, procurement, construction, and installation of floating production systems for the offshore oil and gas production industries in Brazil, Guyana, Senegal, Ghana, Ivory Coast, Mexico, and internationally. The company offers floating production storage and offloading units; floating storage and offloading units; FLNGs; tension leg platfo… Read more
MODEC Inc (MDIKF) - Total Assets
Latest total assets as of December 2024: $4.51 Billion USD
Based on the latest financial reports, MODEC Inc (MDIKF) holds total assets worth $4.51 Billion USD as of December 2024.
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.
MODEC Inc - Total Assets Trend (2004–2024)
This chart illustrates how MODEC Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
MODEC Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
MODEC Inc's total assets of $4.51 Billion consist of 53.6% current assets and 46.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 27.9% |
| Accounts Receivable | $954.94 Million | 21.2% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $39.67 Million | 0.9% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2004–2024)
This chart illustrates how MODEC 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: MODEC Inc's current assets represent 53.6% of total assets in 2024, a decrease from 64.2% in 2004.
- Cash Position: Cash and equivalents constituted 27.9% of total assets in 2024, up from 21.1% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, a decrease from 7.0% in 2004.
- Asset Diversification: The largest asset category is accounts receivable at 21.2% of total assets.
MODEC Inc Competitors by Total Assets
Key competitors of MODEC 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 |
MODEC 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
Strong asset utilization - MODEC Inc generates 0.93x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, MODEC Inc generates $ 4.90 in net profit.
MODEC 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 | 0.88 | 0.91 | 0.98 |
| Quick Ratio | 0.88 | 49.41 | 0.96 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-323.96 Million | $ -208.55 Million | $ -48.99 Million |
MODEC Inc - Advanced Valuation Insights
This section examines the relationship between MODEC 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 | 1.13 |
| Latest Market Cap to Assets Ratio | 0.18 |
| Asset Growth Rate (YoY) | 15.7% |
| Total Assets | $4.50 Billion |
| Market Capitalization | $817.40 Million USD |
Valuation Analysis
Below Book Valuation: The market values MODEC Inc's assets below their book value (0.18 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: MODEC Inc's assets grew by 15.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for MODEC Inc (2004–2024)
The table below shows the annual total assets of MODEC Inc from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $4.50 Billion | +15.66% |
| 2023-12-31 | $3.89 Billion | +23.97% |
| 2022-12-31 | $3.14 Billion | -8.45% |
| 2021-12-31 | $3.43 Billion | -1.19% |
| 2020-12-31 | $3.47 Billion | -1.48% |
| 2019-12-31 | $3.52 Billion | +13.09% |
| 2018-12-31 | $3.11 Billion | +9.22% |
| 2017-12-31 | $2.85 Billion | -0.02% |
| 2016-12-31 | $2.85 Billion | -3.15% |
| 2015-12-31 | $2.94 Billion | +0.87% |
| 2014-12-31 | $2.92 Billion | +41.91% |
| 2013-12-31 | $2.06 Billion | +14.68% |
| 2012-12-31 | $1.79 Billion | +11.10% |
| 2011-12-31 | $1.61 Billion | -10.34% |
| 2010-12-31 | $1.80 Billion | -0.56% |
| 2009-12-31 | $1.81 Billion | +15.61% |
| 2008-12-31 | $1.56 Billion | +41.80% |
| 2007-12-31 | $1.10 Billion | +6.51% |
| 2006-12-31 | $1.04 Billion | +16.89% |
| 2005-12-31 | $886.45 Million | +36.73% |
| 2004-12-31 | $648.31 Million | -- |