Northern Ocean Balance Sheet Health
Financial Health criteria checks 4/6
Northern Ocean has a total shareholder equity of $459.8M and total debt of $513.8M, which brings its debt-to-equity ratio to 111.7%. Its total assets and total liabilities are $1.0B and $574.1M respectively.
Key information
111.7%
Debt to equity ratio
US$513.77m
Debt
| Interest coverage ratio | n/a |
| Cash | US$71.29m |
| Equity | US$459.84m |
| Total liabilities | US$574.10m |
| Total assets | US$1.03b |
Recent financial health updates
Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Sep 01
Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Mar 01Recent updates
Take Care Before Jumping Onto Northern Ocean Ltd. (OB:NOL) Even Though It's 28% Cheaper
Feb 03Not Many Are Piling Into Northern Ocean Ltd. (OB:NOL) Stock Yet As It Plummets 26%
Dec 13Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Sep 01Loss-Making Northern Ocean Ltd. (OB:NOL) Set To Breakeven
May 11Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?
Mar 01Analysts Expect Northern Ocean Ltd. (OB:NOL) To Breakeven Soon
Jan 29How Much Did Northern Ocean's(OB:NOL) Shareholders Earn From Share Price Movements Over The Last Year?
Dec 07Financial Position Analysis
Short Term Liabilities: NOL's short term assets ($105.5M) exceed its short term liabilities ($65.2M).
Long Term Liabilities: NOL's short term assets ($105.5M) do not cover its long term liabilities ($508.9M).
Debt to Equity History and Analysis
Debt Level: NOL's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: NOL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable NOL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NOL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 19:10 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Northern Ocean Ltd. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Steffen Evjen | Danske Bank |
| Truls Olsen | Fearnley Securities |
| Janne Kvernland | Nordea Markets |