OceanPal Inc. (SVRN) Balance Sheet
SVRN balance sheet, 2025
December 31, 2025 · U.S. dollars$165.5M assets = $8.9M liabilities + $156.6M equity
Both columns are drawn to the same scale: what SVRN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SVRN financial health
Descriptive bands, not a rating. Fiscal 2025.
SVRN balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $35.9M2019 | $165.5M2025 | +29.0%/yr | |
| Total liabilities | $1.0M2019 | $8.9M2025 | +43.4%/yr | |
| Shareholders’ equity | $34.9M2019 | $156.6M2025 | +28.5%/yr | |
| Cash & short-term investments | $1,9152019 | $33.2M2025 | +408.7%/yr | |
| Working capital | $9.4M2019 | $109.9M2025 | +$100.5M |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SVRN assets
SVRN liabilities and equity
SVRN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SVRN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $33.2M | $7.2M | $14.8M | $8.5M | $1.7M | $39,638 | $1,915 |
| Cash & equivalents | $33.2M | $7.2M | $14.8M | $8.5M | $1.7M | $39,638 | $1,915 |
| Receivables | $0 | $3.1M | $3.0M | $4.3M | $881,000 | $2.2M | $309,745 |
| Inventory | $0 | $1.6M | $287,000 | $334,000 | $186,000 | $181,973 | $168,774 |
| Other current assets | $85.6M | $2.3M | $2.0M | $1.1M | $460,000 | $1.8M | $9.9M |
| Total current assets | $118.8M | $14.1M | $20.0M | $14.2M | $3.2M | $4.2M | $10.4M |
| Property, plant & equipment (net) | $40.8M | $71.3M | $71.1M | $63.7M | $45.7M | $32.2M | $25.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $3.0M | $1.6M | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.9M | $1.1M | $2.1M | $1.2M | $152,000 | $701,773 | $11,014 |
| Total assets | $165.5M | $89.5M | $94.8M | $79.0M | $49.1M | $37.2M | $35.9M |
| Liabilities | |||||||
| Accounts payable | — | $1.9M | $405,000 | $281,000 | $263,000 | $133,566 | $180,628 |
| Deferred revenue | — | $184,000 | $399,000 | $374,000 | $228,000 | — | $155,877 |
| Total current liabilities | $8.9M | $5.1M | $2.3M | $2.5M | $931,000 | $1.9M | $1.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $655,000 | $0 | $133,566 | $0 |
| Total liabilities | $8.9M | $5.1M | $2.3M | $2.5M | $931,000 | $1.9M | $1.0M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $156.6M | $75,000 | $74,000 | $102,000 | $88,000 | $144.3M | $140.0M |
| Retained earnings (deficit) | — | −$25.9M | −$8.0M | −$2.3M | $65,000 | −$109.0M | −$105.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $140.0M |
| Total shareholders' equity | $156.6M | $84.4M | $92.6M | $76.6M | $48.1M | $35.3M | $34.9M |
| Key figures | |||||||
| Working capital | $109.9M | $9.0M | $17.8M | $11.7M | $2.3M | $2.4M | $9.4M |
| Tangible book value | $156.6M | $84.4M | $92.6M | $76.6M | $48.1M | $35.3M | $34.9M |
| Book value per share | $406.69 | — | — | — | — | — | — |
| Shares outstanding | 385K | — | — | — | — | — | — |
| Current ratio | 13.35 | 2.77 | 8.77 | 5.76 | 3.44 | 2.25 | 10.18 |
| Quick ratio | 3.73 | 2.01 | 7.79 | 5.17 | 2.74 | 1.19 | 0.30 |
| Equity / assets | 94.6% | 94.3% | 97.6% | 96.9% | 98.1% | 94.9% | 97.1% |
| Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $33.2M | $33.2M | $25.8M | $25.8M | $7.2M | $4.3M | $10.8M | $15.4M | $15.5M | $17.6M | $18.4M | $8.5M |
| Cash & equivalents | $33.2M | $33.2M | $25.8M | $25.8M | $7.2M | $4.3M | $10.8M | $15.4M | $15.5M | $17.6M | $18.4M | $8.5M |
| Receivables | $0 | $0 | $1.8M | $1.8M | $3.2M | $0 | $3.8M | $3.0M | $0 | $3.0M | $0 | $4.3M |
| Inventory | $0 | $0 | $170,000 | $170,000 | $1.6M | $0 | $306,000 | $287,000 | $0 | $360,000 | $0 | $334,000 |
| Other current assets | $85.6M | $85.6M | $1.2M | $1.2M | $2.2M | $24.6M | $19.1M | $2.5M | $4.9M | $1.4M | $4.6M | $1.1M |
| Total current assets | $118.8M | $118.8M | $28.9M | $28.9M | $14.1M | $28.8M | $34.0M | $21.2M | $20.4M | $22.4M | $23.0M | $14.2M |
| Property, plant & equipment (net) | $40.8M | $40.8M | $43.1M | $43.1M | $71.3M | $75.2M | $49.5M | $69.5M | $72.7M | $74.0M | $75.9M | $63.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $4.3M | $0 | $3.0M | $0 | $1.6M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.9M | $5.9M | $1.8M | $6.2M | $1.1M | $2.9M | $1.4M | $3.4M | $4.1M | $1.2M | $1.3M | $1.2M |
| Total assets | $165.5M | $165.5M | $78.2M | $78.2M | $89.5M | $106.9M | $86.4M | $94.1M | $97.2M | $97.6M | $100.2M | $79.0M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | $1.2M | $1.2M | $1.9M | — | $663,000 | $405,000 | — | $464,000 | — | $281,000 |
| Deferred revenue | — | — | $856,000 | $184,000 | $184,000 | — | $459,000 | $399,000 | — | $174,000 | — | $374,000 |
| Total current liabilities | $8.9M | $8.9M | $4.1M | $4.1M | $5.1M | $15.0M | $2.7M | $2.5M | $4.9M | $2.2M | $6.9M | $2.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $409,000 | $0 | $655,000 |
| Total liabilities | $8.9M | $8.9M | $4.1M | $4.1M | $5.1M | $15.0M | $2.7M | $2.5M | $4.9M | $2.6M | $6.9M | $2.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $156.6M | $156.6M | $3,000 | $3,000 | $75,000 | $92.0M | $74,000 | $91.6M | $92.3M | $35,000 | $93.2M | $102,000 |
| Retained earnings (deficit) | — | — | −$36.6M | −$36.6M | −$25.9M | — | −$17.5M | −$8.0M | — | −$2.1M | — | −$2.3M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | $0 | — | $0 |
| Total shareholders' equity | $156.6M | $156.6M | $74.1M | $74.1M | $84.4M | $92.0M | $83.7M | $91.6M | $92.3M | $95.0M | $93.2M | $76.6M |
| Key figures | ||||||||||||
| Working capital | $109.9M | $109.9M | $24.8M | $24.8M | $9.0M | $13.9M | $31.2M | $18.6M | $15.5M | $20.2M | $16.1M | $11.7M |
| Tangible book value | $156.6M | $156.6M | $74.1M | $74.1M | $84.4M | $92.0M | $83.7M | $91.6M | $92.3M | $95.0M | $93.2M | $76.6M |
| Book value per share | $207.39 | $207.39 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 755K | 755K | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 13.35 | 13.35 | 7.05 | 7.05 | 2.77 | 1.93 | 12.38 | 8.42 | 4.17 | 10.19 | 3.31 | 5.76 |
| Quick ratio | 3.73 | 3.73 | 6.72 | 6.72 | 2.03 | 0.28 | 5.31 | 7.32 | 3.17 | 9.38 | 2.65 | 5.17 |
| Equity / assets | 94.6% | 94.6% | 94.7% | 94.7% | 94.3% | 86.0% | 96.8% | 97.3% | 95.0% | 97.3% | 93.1% | 96.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
SVRN financial position
At the end of fiscal 2025 (December 31, 2025), OceanPal had total assets of $165.5 million (up 85.0% from a year earlier), total liabilities of $8.9 million and shareholders' equity of $156.6 million. Its current ratio was 13.35.
Related: SVRN income statement, SVRN cash flow statement, SVRN key metrics. See the SVRN stock overview for the latest quote and news.
SVRN balance sheet FAQ
What are OceanPal's total assets?
OceanPal reported total assets of $165.5 million at the end of fiscal 2025 (December 31, 2025), compared with $89.5 million a year earlier.
How much cash does OceanPal have?
OceanPal held $33.2 million in cash and short-term investments at the end of fiscal 2025.
What is OceanPal's book value?
OceanPal's shareholders' equity (book value) was $156.6 million at the end of fiscal 2025, or $406.69 per share.
What is OceanPal's current ratio?
OceanPal had current assets of $118.8 million and current liabilities of $8.9 million, a current ratio of 13.35 (it can cover its short-term obligations).