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. See Northern Ocean Ltd working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
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. See Northern Ocean Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
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. For the full company profile including market capitalisation, see NOL market cap overview.
| 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 | — |