Northern Ocean Ltd (NOL) — Tangible Net Worth Ratio
Northern Ocean Ltd (NOL) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets (Nkr0.00) from net assets (Nkr395.01 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Northern Ocean Ltd (NOL) net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Northern Ocean Ltd Tangible Net Worth Ratio (2019–2024)
This chart shows how Northern Ocean Ltd's Tangible Net Worth Ratio has changed across 6 annual periods from 2019 to 2024. As of September 2025, the ratio stands at 100.0%, reflecting net assets of Nkr395.01 Million with intangible assets of Nkr0.00 NOK. For live market cap and overall valuation, see market cap of Northern Ocean Ltd.
Annual Tangible Net Worth Ratio for Northern Ocean Ltd (2019–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Northern Ocean Ltd from 2019 to 2024, covering 6 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore reinvestment intensity of Northern Ocean Ltd to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (NOK) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 100.0% | Nkr446.16 Million | Nkr0.00 | Nkr1.03 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | Nkr436.89 Million | Nkr0.00 | Nkr1.06 Billion | ▲ +0.0 pp |
| 2022 | 100.0% | Nkr506.80 Million | Nkr0.00 | Nkr1.05 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | Nkr495.63 Million | Nkr0.00 | Nkr977.55 Million | ▲ +0.0 pp |
| 2020 | 100.0% | Nkr507.07 Million | Nkr0.00 | Nkr1.13 Billion | ▲ +0.0 pp |
| 2019 | 100.0% | Nkr543.12 Million | Nkr0.00 | Nkr1.10 Billion | — |