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

Latest as of March 2026: -0.022x

Based on the latest financial reports, NORTHERN OCEAN LTD. (4JO) has a cash flow conversion efficiency ratio of -0.022x as of March 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 (€-6.91 Million ≈ $-8.08 Million USD) by net assets (€320.03 Million ≈ $374.15 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. View NORTHERN OCEAN LTD. stock price for real-time trading data and today's change.

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. Also see market cap of NORTHERN OCEAN LTD. for the company's overall valuation and market capitalisation.

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. Also see NORTHERN OCEAN LTD. asset portfolio for a full breakdown of the balance sheet.

Company	Cash Flow Conversion Efficiency
HARIM Co. Ltd KQ:136480	0.021x
Kwong Lung Enterprise Co Ltd TWO:8916	0.073x
Nova Minerals Ltd AU:NVA	-0.028x
Scottish Mortgage Investment Trust plc LSE:SMT	-0.002x
Mulia Boga Raya PT JK:KEJU	0.038x
STILLFRONT GRP AB SK-07 F:1YS0	0.110x
Orient Group Inc SHG:600811	0.011x
Doosan Co Ltd KO:000157	0.010x

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. Review 4JO free cash flow debt coverage to assess the company's free cash flow relative to its total liabilities.

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

$228.29 Million

€195.27 Million EUR

Market Cap Rank

#16812 Global

#1584 in Germany

Share Price

€0.64

Change (1 day)

+0.00%

52-Week Range

€0.48 - €0.87

All Time High

€2.23