Northern Ocean Ltd (NOL) — 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. Check Northern Ocean Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Northern Ocean Ltd Defensive Interval Ratio (2018–2024)
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. Also explore Northern Ocean Ltd equity growth rate to track the company's year-over-year net asset growth rate.
Annual Defensive Interval Ratio for Northern Ocean Ltd (2018–2024)
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 live market cap and the full company financial profile, see Northern Ocean Ltd market cap and net worth.
| 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- | — |