Northern Ocean Ltd (NOL) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Northern Ocean Ltd (NOL) has a cash flow conversion efficiency ratio of 0.073x as of September 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 (Nkr28.84 Million ≈ $3.03 Million USD) by net assets (Nkr395.01 Million ≈ $41.57 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 market cap of Northern Ocean Ltd for the company's overall valuation and market capitalisation.
Northern Ocean Ltd - Cash Flow Conversion Efficiency Trend (2018–2024)
This chart illustrates how Northern Ocean Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.
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. Explore how high is Northern Ocean Ltd's earnings quality to measure how well operating cash flow supports reported net income.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Aeluma, Inc
NASDAQ:ALMU
|
-0.014x |
|
Grupa Azoty Zaklady Azotowe Pulawy SA
WAR:ZAP
|
0.283x |
|
Metals Acquisition Corp. II
NYSE:MTAL
|
-0.001x |
|
Kaldalón hf.
IC:KALD
|
N/A |
|
Shanghai Hongda New Material Co Ltd
SHE:002211
|
0.026x |
|
Cybin Inc. Common Stock
NYSE MKT:HELP
|
-0.117x |
|
Eaton Vance California MBF
NYSE MKT:EVM
|
0.036x |
|
Mold-Tek Packaging Limited
NSE:MOLDTKPAC
|
0.064x |
Annual Cash Flow Conversion Efficiency for Northern Ocean Ltd (2018–2024)
The table below shows the annual cash flow conversion efficiency of Northern Ocean Ltd from 2018 to 2024. View NOL share price today for real-time trading data and today's change.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Nkr446.16 Million ≈ $46.95 Million |
Nkr-19.44 Million ≈ $-2.05 Million |
-0.044x | +37.78% |
| 2023-12-31 | Nkr436.89 Million ≈ $45.97 Million |
Nkr-30.59 Million ≈ $-3.22 Million |
-0.070x | +32.80% |
| 2022-12-31 | Nkr506.80 Million ≈ $53.33 Million |
Nkr-52.81 Million ≈ $-5.56 Million |
-0.104x | -136.83% |
| 2021-12-31 | Nkr495.63 Million ≈ $52.15 Million |
Nkr-21.81 Million ≈ $-2.29 Million |
-0.044x | -253.93% |
| 2020-12-31 | Nkr507.07 Million ≈ $53.36 Million |
Nkr14.49 Million ≈ $1.53 Million |
0.029x | +200.68% |
| 2019-12-31 | Nkr543.12 Million ≈ $57.15 Million |
Nkr-15.42 Million ≈ $-1.62 Million |
-0.028x | -103.41% |
| 2018-12-31 | Nkr-392.00K ≈ $-41.25K |
Nkr-326.00K ≈ $-34.30K |
0.832x | -- |
About Northern Ocean Ltd
Northern Ocean Ltd. provides offshore contract drilling services for the oil and gas industry worldwide. The company owns and operates two semi-submersible rigs. It also invests in power generation solutions. The company was incorporated in 2017 and is based in Hamilton, Bermuda. Northern Ocean Ltd. is a subsidiary of Hemen Holding Limited.