NorAm Drilling AS
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.
NorAm Drilling AS (TM9) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2023: 0.159x
Based on the latest financial reports, NorAm Drilling AS (TM9) has a cash flow conversion efficiency ratio of 0.159x as of June 2023.
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 (€14.13 Million) by net assets (€88.86 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
NorAm Drilling AS - Cash Flow Conversion Efficiency Trend (2019–2022)
This chart illustrates how NorAm Drilling AS's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
NorAm Drilling AS Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of NorAm Drilling AS ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
ANTARES VISION SPA O.N.
F:2YK
|
N/A |
|
DRTECH Corporation
KQ:214680
|
-0.050x |
|
Able C&C
KO:078520
|
0.077x |
|
Ching Feng Home Fashions Co Ltd
TW:9935
|
0.079x |
|
Arqit Quantum Inc.
NASDAQ:ARQQ
|
-0.603x |
|
Ram Ratna Wires Limited
NSE:RAMRAT
|
0.019x |
|
Petrus Resources Ltd
PINK:PTRUF
|
0.040x |
|
Cita Mineral Investindo Tbk PT
JK:CITA
|
0.043x |
Annual Cash Flow Conversion Efficiency for NorAm Drilling AS (2019–2022)
The table below shows the annual cash flow conversion efficiency of NorAm Drilling AS from 2019 to 2022.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2022-12-31 | €82.03 Million | €16.05 Million | 0.196x | +436.48% |
| 2021-12-31 | €33.73 Million | €-1.96 Million | -0.058x | -142.65% |
| 2020-12-31 | €45.06 Million | €6.14 Million | 0.136x | -55.38% |
| 2019-12-31 | €58.64 Million | €17.92 Million | 0.306x | -- |