Northern Ocean Ltd Asset Resilience Ratio
Northern Ocean Ltd asset resilience ratio. Northern Ocean Ltd (NOL) has an Asset Resilience Ratio of 5.54% as of March 2025. The Asset Resilience Ratio measures the percentage of a company's total assets that are held in liquid form (cash and short-term investments). This metric indicates how well-positioned the company is to handle unexpected financial challenges, economic downturns, or strategic opportunities without requiring external financing. See Northern Ocean Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio of Northern Ocean Ltd (2018–2024)
Asset resilience ratio of Northern Ocean Ltd from 2018 to 2024. This chart shows how Northern Ocean Ltd's Asset Resilience Ratio has changed over time. Read how much debt does Northern Ocean Ltd carry for a breakdown of total debt and financial obligations.
Liquid Assets Composition Over Time
This chart breaks down Northern Ocean Ltd's liquid assets into cash & equivalents and short-term investments, showing how the composition has evolved over time. For the complete balance sheet picture, see Northern Ocean Ltd total assets.
Current Liquid Assets Breakdown
| Component | Amount | % of Total Assets |
|---|---|---|
| Cash & Equivalents | Nkr58.00 Million | 5.54% |
| Short-term Investments | Nkr0.00 | 0% |
| Total Liquid Assets | Nkr58.00 Million | 5.54% |
Asset Resilience Insights
- Limited Liquidity: Northern Ocean Ltd maintains only 5.54% of assets in liquid form.
- This low level may indicate efficient asset utilization but could pose risks during economic downturns.
- The company primarily holds liquidity in cash and equivalents rather than short-term investments.
Northern Ocean Ltd Industry Peers by Asset Resilience Ratio
Compare Northern Ocean Ltd's asset resilience ratio with other companies in the same industry.
| Company | Industry | Asset Resilience Ratio |
|---|---|---|
|
PARATUS ENERGY SERVICES LTD
OL:PLSV |
Oil & Gas Drilling | 18.83% |
|
Western Energy Services Corp.
TO:WRG |
Oil & Gas Drilling | 0.70% |
|
Stampede Drilling Inc
V:SDI |
Oil & Gas Drilling | 17.84% |
|
Precision Drilling Corporation
TO:PD |
Oil & Gas Drilling | 39.70% |
|
PHX Energy Services Corporation
TO:PHX |
Oil & Gas Drilling | 1.81% |
|
Sinopec Oilfield Service Corp
SHG:600871 |
Oil & Gas Drilling | 0.06% |
|
XinJiang Beiken Energy Engineering Stock Co Ltd
SHE:002828 |
Oil & Gas Drilling | 10.37% |
|
Nabors Industries Ltd
F:NBI1 |
Oil & Gas Drilling | 0.00% |
Northern Ocean Ltd Asset Resilience Ratio by Year (2018–2024)
Northern Ocean Ltd asset resilience ratio by year from 2018 to 2024. The table below shows the annual Asset Resilience Ratio data for Northern Ocean Ltd.
| Year | Asset Resilience Ratio (%) | Liquid Assets | Total Assets | Change |
|---|---|---|---|---|
| 2024-12-31 | 4.14% | Nkr42.75 Million ≈ $4.50 Million |
Nkr1.03 Billion ≈ $108.55 Million |
-1.00pp |
| 2023-12-31 | 5.15% | Nkr54.35 Million ≈ $5.72 Million |
Nkr1.06 Billion ≈ $111.10 Million |
-1.26pp |
| 2022-12-31 | 6.40% | Nkr67.49 Million ≈ $7.10 Million |
Nkr1.05 Billion ≈ $110.89 Million |
+5.85pp |
| 2021-12-31 | 0.56% | Nkr5.46 Million ≈ $574.65K |
Nkr977.55 Million ≈ $102.87 Million |
-2.74pp |
| 2020-12-31 | 3.30% | Nkr37.47 Million ≈ $3.94 Million |
Nkr1.13 Billion ≈ $119.40 Million |
-1.59pp |
| 2019-12-31 | 4.89% | Nkr53.90 Million ≈ $5.67 Million |
Nkr1.10 Billion ≈ $115.87 Million |
+2.47pp |
| 2018-12-31 | 2.43% | Nkr14.85 Million ≈ $1.56 Million |
Nkr612.35 Million ≈ $64.44 Million |
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About Northern Ocean Ltd
Northern Ocean Ltd. provides offshore contract drilling services for the oil and gas industry worldwide. The company owns and operates two semi-submersible rigs. It also invests in power generation solutions. The company was incorporated in 2017 and is based in Hamilton, Bermuda. Northern Ocean Ltd. is a subsidiary of Hemen Holding Limited.