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 (NOL) total reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
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. For the full cash flow conversion analysis, see Northern Ocean Ltd operating cash flow efficiency.
Annual Financial Flexibility Index for Northern Ocean Ltd (2018–2024)
Year-by-year free cash flow to debt coverage for Northern Ocean Ltd. Explore Northern Ocean Ltd debt service capacity to assess how comfortably operating cash covers total debt obligations.
| 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 | — |