NORTHERN OCEAN LTD. (4JO) - Total Liabilities
Based on the latest financial reports, NORTHERN OCEAN LTD. (4JO) has total liabilities worth €178.21 Million EUR (≈ $208.34 Million USD) as of June 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. See how many days can NORTHERN OCEAN LTD. fund operations to measure how many days the company can operate on defensive assets alone.
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 4JO FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
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 |
|---|---|---|
|
Export Inv
TA:EXPO
|
Israel | ILA21.88 Billion |
|
Superior Uniform Group Inc
NASDAQ:SGC
|
USA | $213.77 Million |
|
Invivyd Inc.
NASDAQ:IVVD
|
USA | $37.80 Million |
|
Cymechs Inc
KQ:160980
|
Korea | ₩27.33 Billion |
|
Paramount Communications Limited
NSE:PARACABLES
|
India | Rs3.51 Billion |
|
BlackRock Investment Quality Municipal Closed Fund
NYSE:BKN
|
USA | $140.98 Million |
|
Korea Asset In Trust Co Ltd
KO:123890
|
Korea | ₩663.03 Billion |
|
Advanced Process Systems Corporation
KQ:265520
|
Korea | ₩307.14 Billion |
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. For the complete balance sheet picture, see total assets of NORTHERN OCEAN LTD..
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.37 | 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 | 0.56 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.36 | 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