Northern Ocean Ltd (NOL) — Net Asset Quality Index
Northern Ocean Ltd (NOL) has a Net Asset Quality Index of 37.4% as of September 2025. This metric measures the proportion of total assets financed by shareholders' equity — total assets of Nkr1.06 Billion minus total liabilities of Nkr662.45 Million yields net assets of Nkr395.01 Million. A higher index indicates a stronger, lower-leverage balance sheet. See Northern Ocean Ltd (NOL) liquidity interval to measure how many days the company can operate on defensive assets alone.
Quality Index
Net Assets
Total Assets
Total Liabilities
Northern Ocean Ltd Net Asset Quality Index Over Time (2018–2024)
This chart shows how Northern Ocean Ltd's Net Asset Quality Index has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the index stands at 37.4%, representing net assets of Nkr395.01 Million against total assets of Nkr1.06 Billion NOK. Explore Northern Ocean Ltd cash flow conversion to assess how effectively this company generates cash.
Annual Net Asset Quality Index for Northern Ocean Ltd (2018–2024)
The table below presents the year-by-year Net Asset Quality Index for Northern Ocean Ltd from 2018 to 2024, covering 7 annual filings. Each row shows total assets, total liabilities, net assets, the quality index percentage, and the change in percentage points compared to the prior year. For market capitalisation and the full company profile, see Northern Ocean Ltd (NOL) market capitalisation.
| Year | Quality Index | Net Assets (NOK) | Total Assets | Total Liabilities | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 43.3% | Nkr446.16 Million | Nkr1.03 Billion | Nkr585.40 Million | ▲ +1.9 pp |
| 2023 | 41.4% | Nkr436.89 Million | Nkr1.06 Billion | Nkr618.88 Million | ▼ -6.7 pp |
| 2022 | 48.1% | Nkr506.80 Million | Nkr1.05 Billion | Nkr546.98 Million | ▼ -2.6 pp |
| 2021 | 50.7% | Nkr495.63 Million | Nkr977.55 Million | Nkr481.92 Million | ▲ +6.0 pp |
| 2020 | 44.7% | Nkr507.07 Million | Nkr1.13 Billion | Nkr627.55 Million | ▼ -4.6 pp |
| 2019 | 49.3% | Nkr543.12 Million | Nkr1.10 Billion | Nkr558.03 Million | ▲ +49.4 pp |
| 2018 | -0.1% | Nkr-392.00K | Nkr612.35 Million | Nkr612.74 Million | — |