NorAm Drilling AS Cash Flow Conversion Efficiency
NorAm Drilling AS 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.
Cash Flow Conversion Efficiency of NorAm Drilling AS (2019–2025)
Cash flow conversion efficiency of NorAm Drilling AS from 2019 to 2025. This chart illustrates how NorAm Drilling AS's cash flow conversion efficiency has evolved over time, based on yearly financial data. View NorAm Drilling AS (TM9) stock price for real-time trading data and today's change.
NorAm Drilling AS Cash Flow Conversion Ratio Explained
NorAm Drilling AS cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
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. Also see TM9 stock market capitalisation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Greenx Metals Ltd
AU:GRX
|
-0.223x |
|
CAMP4 THERAPEUTICS CORPORATION
NASDAQ:CAMP
|
-0.355x |
|
SNS
KLSE:0259
|
0.114x |
|
Youlchon Chem
KO:008730
|
0.029x |
|
AIRA Capital Public Company Limited
BK:AIRA
|
0.109x |
|
Quang Viet Enterprise Co Ltd
TW:4438
|
-0.156x |
|
PAMT CORP
NASDAQ:PAMT
|
-0.028x |
|
Zwack Unicum Likoripari es Kereskedelmi Nyrt.
BUD:ZWACK
|
0.356x |
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. Review TM9 free cash flow generation to assess how much free cash flow the company generates relative to operating cash flow.
| 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.