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. See Northern Ocean Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Sindoh
KO:029530
|
0.023x |
|
JINMAO PROPERTY SERVICES
F:TZ0
|
N/A |
|
Guanajuato Silver Company Ltd
V:GSVR
|
-0.093x |
|
Rajratan Global Wire Limited
NSE:RAJRATAN
|
-0.077x |
|
RoadMain T Co Ltd
SHG:603860
|
-0.023x |
|
Senao Networks
TWO:3558
|
0.049x |
|
Launch One Acquisition Corp. Class A Ordinary shares
NASDAQ:LPAA
|
0.000x |
|
Firstec
KO:010820
|
0.003x |
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. For the full company profile with market capitalisation and key ratios, see market value of Northern Ocean Ltd.
| 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.