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) by net assets (Nkr395.01 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
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. Explore and compare other companies by cash flow conversion efficiency.
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 |
|---|---|
|
Jiin Yeeh Ding Enterprise Co Ltd
TWO:8390
|
0.035x |
|
Circassia Group Plc
F:82C
|
0.037x |
|
Hudson Technologies Inc
NASDAQ:HDSN
|
0.033x |
|
Suzhou Iron Technology Co. Ltd. A
SHG:688329
|
0.051x |
|
Kangstem Biotech Co. Ltd
KQ:217730
|
-0.059x |
|
Oncoclinicas do Brasil
SA:ONCO3
|
0.127x |
|
RMR Group Inc
NASDAQ:RMR
|
0.026x |
|
White Gold Corp
V:WGO
|
0.001x |
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.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Nkr446.16 Million | Nkr-19.44 Million | -0.044x | +37.78% |
| 2023-12-31 | Nkr436.89 Million | Nkr-30.59 Million | -0.070x | +32.80% |
| 2022-12-31 | Nkr506.80 Million | Nkr-52.81 Million | -0.104x | -136.83% |
| 2021-12-31 | Nkr495.63 Million | Nkr-21.81 Million | -0.044x | -253.93% |
| 2020-12-31 | Nkr507.07 Million | Nkr14.49 Million | 0.029x | +200.68% |
| 2019-12-31 | Nkr543.12 Million | Nkr-15.42 Million | -0.028x | -103.41% |
| 2018-12-31 | Nkr-392.00K | Nkr-326.00K | 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.