NORTHERN OCEAN LTD. (4JO) — Defensive Interval Ratio
NORTHERN OCEAN LTD. (4JO) has a Defensive Interval Ratio of 4 days as of March 2026. Defensive assets of €1.81 Million (cash €-, short-term investments €-, receivables €1.81 Million) cover 4 days of daily cash needs of €409.19K/day. For the complete balance sheet picture, see 4JO current and non-current assets.
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 March 2026, the ratio stands at 4 days, meaning defensive assets of €1.81 Million can fund 4 days of operations without new revenue. Read 4JO total liabilities 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.
| 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 | €- | €- | — |