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 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
Xponential Fitness Inc NYSE:XPOF	-0.029x
Praetorian Acquisition Corp. Class A Ordinary Shares NASDAQ:PTOR	N/A
CERRO DE PASCO RES F:N8HP	-0.043x
Xinjiang Youhao Group Co Ltd SHG:600778	0.262x
Bioteque TWO:4107	0.057x
Aldel Financial II Inc. Class A Ordinary Shares NASDAQ:ALDF	0.010x
Deutsche Real Estate AG F:DRE2	0.004x
Mangalam Cement Limited NSE:MANGLMCEM	0.019x

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

OL:NOL Norway Oil & Gas Drilling

Market Cap

$253.34 Million

Nkr2.41 Billion NOK

Market Cap Rank

#15694 Global

#120 in Norway

Share Price

Nkr7.94

Change (1 day)

+2.58%

52-Week Range

Nkr5.70 - Nkr10.62

All Time High

Nkr33.99