Northern Ocean Ltd Defensive Interval Ratio
Northern Ocean Ltd defensive interval ratio. Northern Ocean Ltd (NOL) has a Defensive Interval Ratio of 18 days as of September 2025. Defensive assets of Nkr19.36 Million (cash Nkr-, short-term investments Nkr-, receivables Nkr19.36 Million) cover 18 days of daily cash needs of Nkr1.08 Million/day. See NOL working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Defensive Interval Ratio of Northern Ocean Ltd (2018–2024)
Defensive interval ratio of Northern Ocean Ltd from 2018 to 2024. This chart shows how Northern Ocean Ltd's Defensive Interval Ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at 18 days, meaning defensive assets of Nkr19.36 Million can fund 18 days of operations without new revenue. Check NOL financial resilience to evaluate the company's liquid asset resilience ratio.
Northern Ocean Ltd Defensive Interval Ratio by Year (2018–2024)
Northern Ocean Ltd defensive interval ratio by year from 2018 to 2024. The table below presents the year-by-year Defensive Interval Ratio for Northern Ocean Ltd from 2018 to 2024, covering 7 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 (NOL) total assets.
| Year | DIR (days) | Defensive Assets (NOK) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2024 | 492 days | Nkr90.16 Million | Nkr183.43K/day | Nkr42.75 Million | Nkr- | ▲ +271 days |
| 2023 | 221 days | Nkr95.74 Million | Nkr433.49K/day | Nkr54.35 Million | Nkr- | ▼ -125 days |
| 2022 | 346 days | Nkr75.26 Million | Nkr217.41K/day | Nkr67.49 Million | Nkr- | ▲ +159 days |
| 2021 | 187 days | Nkr9.97 Million | Nkr53.31K/day | Nkr5.46 Million | Nkr- | ▲ +124 days |
| 2020 | 64 days | Nkr60.06 Million | Nkr944.57K/day | Nkr37.47 Million | Nkr- | ▼ -210 days |
| 2019 | 273 days | Nkr95.30 Million | Nkr348.90K/day | Nkr53.90 Million | Nkr- | ▲ +258 days |
| 2018 | 15 days | Nkr17.10 Million | Nkr1.16 Million/day | Nkr14.85 Million | Nkr- | — |