NORTHERN OCEAN LTD. (4JO) - Total Liabilities
Based on the latest financial reports, NORTHERN OCEAN LTD. (4JO) has total liabilities worth €151.82 Million EUR (≈ $177.50 Million USD) as of March 2026. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. For the complete balance sheet picture, see NORTHERN OCEAN LTD. asset portfolio.
NORTHERN OCEAN LTD. - Total Liabilities Trend (2021–2025)
This chart illustrates how NORTHERN OCEAN LTD.'s total liabilities have evolved over time, based on quarterly financial data. See working capital position of NORTHERN OCEAN LTD. to evaluate short-term liquidity relative to the company's equity base.
NORTHERN OCEAN LTD. Competitors by Total Liabilities
The table below lists competitors of NORTHERN OCEAN LTD. ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Scottish Mortgage Investment Trust plc
LSE:SMT
|
UK | GBX1.62 Billion |
|
Nova Minerals Ltd
AU:NVA
|
Australia | AU$30.55 Million |
|
Kwong Lung Enterprise Co Ltd
TWO:8916
|
Taiwan | NT$5.16 Billion |
|
HARIM Co. Ltd
KQ:136480
|
Korea | ₩503.59 Billion |
|
Mulia Boga Raya PT
JK:KEJU
|
Indonesia | Rp269.90 Billion |
|
STILLFRONT GRP AB SK-07
F:1YS0
|
Germany | €7.04 Billion |
|
Orient Group Inc
SHG:600811
|
China | CN¥19.23 Billion |
|
Doosan Co Ltd
KO:000157
|
Korea | ₩20.11 Trillion |
Liability Composition Analysis (2021–2025)
This chart breaks down NORTHERN OCEAN LTD.'s total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. See NORTHERN OCEAN LTD. defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.25 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 0.47 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.32 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how NORTHERN OCEAN LTD.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for NORTHERN OCEAN LTD. (2021–2025)
The table below shows the annual total liabilities of NORTHERN OCEAN LTD. from 2021 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | €161.97 Million ≈ $189.36 Million |
-72.33% |
| 2024-12-31 | €585.40 Million ≈ $684.40 Million |
-5.41% |
| 2023-12-31 | €618.88 Million ≈ $723.54 Million |
+13.15% |
| 2022-12-31 | €546.98 Million ≈ $639.48 Million |
+13.50% |
| 2021-12-31 | €481.92 Million ≈ $563.42 Million |
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About NORTHERN OCEAN LTD.
Northern Ocean Ltd. provides offshore contract drilling services for the oil and gas industry worldwide. The company owns and operates one semi-submersible rig. It also invests in power generation solutions. The company offers integrated drilling services, including rig preparation, mobilization, demobilization, and add-on services. The company was incorporated in 2017 and is based in Hamilton, B… Read more