Knot Offshore Partners LP balance sheet

At the end of fiscal 2025, Knot Offshore Partners LP had total assets of $1.68bn and total liabilities of $1.06bn. It held $89.0m in cash against $960m of debt: net debt of $871m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Knot Offshore Partners LP: balance sheet, annual
Fiscal year	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	3	1	29	31	24	28	46	42	44	53	62	48	64	67	89
Receivables	—	0	0	0	0	0	0	—	—	—	—	8	5	6	4
Inventory	—	1	1	1	1	1	2	2	2	3	3	6	4	3	4
Total current assets	—	7	32	36	26	31	56	52	53	66	74	86	90	95	111
Goodwill	—	6	6	6	0	0	0	—	—	—	—	—	—	—	—
Total assets	—	512	660	1,071	1,220	1,292	1,793	1,837	1,738	1,780	1,677	1,734	1,596	1,572	1,685
Accounts payable	—	0	1	2	2	2	5	5	3	4	4	4	10	6	10
Deferred revenue (current)	—	—	—	—	—	—	10	6	7	5	6	2	0	7	6
Total current liabilities	—	55	42	60	66	78	123	128	104	214	116	390	128	287	427
Short-term debt	—	29	29	39	39	59	93	107	83	184	89	370	99	257	381
Long-term debt	—	319	310	563	619	658	934	970	912	846	879	687	858	648	574
Total debt	0	348	350	613	672	746	1,033	1,087	1,003	1,036	975	1,063	963	910	960
Total liabilities	—	415	378	651	699	771	1,064	1,105	1,026	1,083	1,004	1,082	989	961	1,064
Shareholders' equity	67	97	—	—	—	—	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−3	347	321	582	648	718	987	1,046	959	984	912	1,015	899	843	871

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Knot Offshore Partners LP's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Knot Offshore Partners LP.