Northern Ocean Ltd (NOL) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.073x

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 balance sheet independence to measure how much of total assets are equity-financed.

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. Check NOL cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

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
Jain Irrigation Systems Limited NSE:JISLJALEQS	0.032x
Biostar Microtech International Corp TW:2399	-0.047x
DFI Inc TW:2397	0.038x
EPACK Durable Limited NSE:EPACK	-0.218x
The Lovesac Company NASDAQ:LOVE	-0.172x
CCS Supply Chain Management Co Ltd SHG:600180	0.052x
First Savings Financial Group Inc NASDAQ:FSFG	0.544x
Odfjell Technology Ltd OL:OTL	0.083x

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 NOL company net worth.

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

OL:NOL Norway Oil & Gas Drilling

Market Cap

$238.66 Million

Nkr2.27 Billion NOK

Market Cap Rank

#15881 Global

#123 in Norway

Share Price

Nkr7.48

Change (1 day)

+0.27%

52-Week Range

Nkr5.79 - Nkr10.62

All Time High

Nkr33.99