NORTHERN OCEAN LTD. (4JO) — Cash Flow-to-Debt Ratio
NORTHERN OCEAN LTD. (4JO) has a Cash Flow-to-Debt Ratio of -0.16x as of June 2026, meaning its operating cash flow of €-28.93 Million could theoretically repay 0% of its total liabilities (€178.21 Million) in one year. Check 4JO cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
NORTHERN OCEAN LTD. Cash Flow-to-Debt Ratio (2021–2025)
Historical debt coverage capacity for NORTHERN OCEAN LTD. across 5 annual periods. See NORTHERN OCEAN LTD. balance sheet quality to measure how much of total assets are equity-financed.
Annual Cash Flow-to-Debt Ratio for NORTHERN OCEAN LTD. (2021–2025)
Year-by-year debt coverage analysis for NORTHERN OCEAN LTD.. For the full cash flow conversion analysis, see 4JO operating cash flow.
| Year | CF-to-Debt Ratio | Operating CF (EUR) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.00x | €-602.00K | €161.97 Million | ▲ +88.8% |
| 2024 | -0.03x | €-19.44 Million | €585.40 Million | ▲ +32.8% |
| 2023 | -0.05x | €-30.59 Million | €618.88 Million | ▲ +48.8% |
| 2022 | -0.10x | €-52.81 Million | €546.98 Million | ▼ -113.4% |
| 2021 | -0.05x | €-21.81 Million | €481.92 Million | — |