NorAm Drilling AS (TM9) - Cash Flow Conversion Efficiency
Based on the latest financial reports, NorAm Drilling AS (TM9) has a cash flow conversion efficiency ratio of 0.094x as of December 2025. 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 (€5.27 Million ≈ $6.16 Million USD) by net assets (€56.14 Million ≈ $65.64 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 TM9 market cap overview for the company's overall valuation and market capitalisation.
NorAm Drilling AS - Cash Flow Conversion Efficiency Trend (2019–2025)
This chart illustrates how NorAm Drilling AS's cash flow conversion efficiency has evolved over time, based on yearly financial data.
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. Explore earnings quality score of NorAm Drilling AS to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
coocon Corp.
KQ:294570
|
0.069x |
|
Chlitina Holding Ltd
TW:4137
|
0.037x |
|
Malayan Flour Mills Bhd
KLSE:3662
|
0.098x |
|
Can2 Termik AS
IS:CANTE
|
0.020x |
|
AIRA Capital Public Company Limited
BK:AIRA
|
0.109x |
|
PAMT CORP
NASDAQ:PAMT
|
-0.028x |
|
Draganfly Inc
NASDAQ:DPRO
|
-0.092x |
|
Pizza Pizza Royalty Corp.
TO:PZA
|
0.025x |
Annual Cash Flow Conversion Efficiency for NorAm Drilling AS (2019–2025)
The table below shows the annual cash flow conversion efficiency of NorAm Drilling AS from 2019 to 2025. View TM9 share price today for real-time trading data and today's change.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-12-31 | €56.14 Million ≈ $65.64 Million |
€21.97 Million ≈ $25.68 Million |
0.391x | -2.71% |
| 2024-12-31 | €53.47 Million ≈ $62.51 Million |
€21.50 Million ≈ $25.14 Million |
0.402x | -37.90% |
| 2023-12-31 | €71.84 Million ≈ $83.99 Million |
€46.52 Million ≈ $54.39 Million |
0.648x | +231.00% |
| 2022-12-31 | €82.03 Million ≈ $95.91 Million |
€16.05 Million ≈ $18.76 Million |
0.196x | +436.48% |
| 2021-12-31 | €33.73 Million ≈ $39.43 Million |
€-1.96 Million ≈ $-2.29 Million |
-0.058x | -142.65% |
| 2020-12-31 | €45.06 Million ≈ $52.68 Million |
€6.14 Million ≈ $7.18 Million |
0.136x | -55.38% |
| 2019-12-31 | €58.64 Million ≈ $68.56 Million |
€17.92 Million ≈ $20.95 Million |
0.306x | -- |
About 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.