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. Check Northern Ocean Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Liquid Assets
Total Assets
Resilience Assessment
Asset Resilience Ratio Trend (2018–2024)
This chart shows how Northern Ocean Ltd's Asset Resilience Ratio has changed over time. See NOL equity to assets ratio to measure how much of total assets are equity-financed.
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 market capitalisation and broader financial context, see Northern Ocean Ltd market capitalisation.
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 |
|---|---|---|
|
Noble Corporation plc
NYSE:NE |
Oil & Gas Drilling | 6.26% |
|
Odfjell Drilling Ltd
OL:ODL |
Oil & Gas Drilling | 0.07% |
|
Western Energy Services Corp.
TO:WRG |
Oil & Gas Drilling | 0.70% |
|
Precision Drilling Corporation
TO:PD |
Oil & Gas Drilling | 39.70% |
|
PHX Energy Services Corporation
TO:PHX |
Oil & Gas Drilling | 1.81% |
|
Stampede Drilling Inc
V:SDI |
Oil & Gas Drilling | 17.84% |
|
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% |
Annual Asset Resilience Ratio for Northern Ocean Ltd (2018–2024)
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.