NORTHERN OCEAN LTD. (4JO) — Defensive Interval Ratio
NORTHERN OCEAN LTD. (4JO) has a Defensive Interval Ratio of 61 days as of June 2026. Defensive assets of €29.15 Million (cash €-, short-term investments €-, receivables €29.15 Million) cover 61 days of daily cash needs of €481.55K/day. See NORTHERN OCEAN LTD. working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
NORTHERN OCEAN LTD. Defensive Interval Ratio (2021–2025)
This chart shows how NORTHERN OCEAN LTD.'s Defensive Interval Ratio has evolved across 5 annual periods from 2021 to 2025. As of June 2026, the ratio stands at 61 days, meaning defensive assets of €29.15 Million can fund 61 days of operations without new revenue. Read 4JO total debt and obligations for a breakdown of total debt and financial obligations.
Annual Defensive Interval Ratio for NORTHERN OCEAN LTD. (2021–2025)
The table below presents the year-by-year Defensive Interval Ratio for NORTHERN OCEAN LTD. from 2021 to 2025, covering 5 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For the complete balance sheet picture, see NORTHERN OCEAN LTD. balance sheet assets.
| Year | DIR (days) | Defensive Assets (EUR) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 54 days | €23.50 Million | €436.92K/day | €- | €- | ▼ -205 days |
| 2024 | 258 days | €47.41 Million | €183.43K/day | €- | €- | ▲ +163 days |
| 2023 | 95 days | €41.39 Million | €433.49K/day | €- | €- | ▲ +60 days |
| 2022 | 36 days | €7.77 Million | €217.41K/day | €- | €- | ▲ +36 days |
| 2021 | 0 days | €0.00 | €53.31K/day | €- | €- | — |