Northern Ocean Ltd (NOL) — Financial Flexibility Index
Northern Ocean Ltd (NOL) has a Financial Flexibility Index of 0.05x as of September 2025. Free cash flow of Nkr34.52 Million (operating CF Nkr28.84 Million minus capex Nkr5.69 Million) represents 0% of total liabilities (Nkr662.45 Million). Check Northern Ocean Ltd strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Northern Ocean Ltd Financial Flexibility Index (2018–2024)
Historical Financial Flexibility Index trend for Northern Ocean Ltd across 7 annual periods. See how liquid is Northern Ocean Ltd's working capital to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Northern Ocean Ltd (2018–2024)
Year-by-year free cash flow to debt coverage for Northern Ocean Ltd. For the full company profile including market capitalisation, see Northern Ocean Ltd (NOL) market capitalisation.
| Year | Flexibility Index | Free Cash Flow (NOK) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.06x | Nkr35.97 Million | Nkr-19.44 Million | Nkr585.40 Million | ▲ +107.0% |
| 2023 | 0.03x | Nkr18.37 Million | Nkr-30.59 Million | Nkr618.88 Million | ▲ +133.7% |
| 2022 | -0.09x | Nkr-48.14 Million | Nkr-52.81 Million | Nkr546.98 Million | ▼ -96.3% |
| 2021 | -0.04x | Nkr-21.60 Million | Nkr-21.81 Million | Nkr481.92 Million | ▼ -150.4% |
| 2020 | 0.09x | Nkr55.78 Million | Nkr14.49 Million | Nkr627.55 Million | ▼ -77.0% |
| 2019 | 0.39x | Nkr215.34 Million | Nkr-15.42 Million | Nkr558.03 Million | ▲ +29.8% |
| 2018 | 0.30x | Nkr182.16 Million | Nkr-326.00K | Nkr612.74 Million | — |