NORTHERN OCEAN LTD. (4JO) - Cash Flow Conversion Efficiency

Latest as of June 2026: -0.091x

Based on the latest financial reports, NORTHERN OCEAN LTD. (4JO) has a cash flow conversion efficiency ratio of -0.091x as of June 2026. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€-28.93 Million ≈ $-33.82 Million USD) by net assets (€318.65 Million ≈ $372.54 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. Also see 4JO market cap for the company's overall valuation and market capitalisation.

NORTHERN OCEAN LTD. - Cash Flow Conversion Efficiency Trend (2021–2025)

This chart illustrates how NORTHERN OCEAN LTD.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. View today's stock price for NORTHERN OCEAN LTD. for real-time trading data and today's change.

NORTHERN OCEAN LTD. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of NORTHERN OCEAN LTD. ranked by their cash flow conversion efficiency. Review 4JO free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.

Company	Cash Flow Conversion Efficiency
Cymechs Inc KQ:160980	0.045x
Invivyd Inc. NASDAQ:IVVD	-0.237x
Superior Uniform Group Inc NASDAQ:SGC	0.049x
Export Inv TA:EXPO	0.037x
Paramount Communications Limited NSE:PARACABLES	-0.072x
BlackRock Investment Quality Municipal Closed Fund NYSE:BKN	0.019x
Korea Asset In Trust Co Ltd KO:123890	0.070x
Advanced Process Systems Corporation KQ:265520	0.033x

Annual Cash Flow Conversion Efficiency for NORTHERN OCEAN LTD. (2021–2025)

The table below shows the annual cash flow conversion efficiency of NORTHERN OCEAN LTD. from 2021 to 2025. Also see 4JO current and non-current assets for a full breakdown of the balance sheet.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€345.05 Million ≈ $403.40 Million	€-602.00K ≈ $-703.80K	-0.002x	+96.00%
2024-12-31	€446.16 Million ≈ $521.61 Million	€-19.44 Million ≈ $-22.73 Million	-0.044x	+37.78%
2023-12-31	€436.89 Million ≈ $510.78 Million	€-30.59 Million ≈ $-35.77 Million	-0.070x	+32.80%
2022-12-31	€506.80 Million ≈ $592.50 Million	€-52.81 Million ≈ $-61.75 Million	-0.104x	-136.83%
2021-12-31	€495.63 Million ≈ $579.45 Million	€-21.81 Million ≈ $-25.50 Million	-0.044x	--

About NORTHERN OCEAN LTD.

F:4JO Germany Oil & Gas Drilling

Market Cap

$203.48 Million

€174.05 Million EUR

Market Cap Rank

#16592 Global

#1571 in Germany

Share Price

€0.57

Change (1 day)

-0.69%

52-Week Range

€0.48 - €0.87

All Time High

€2.23