NorAm Drilling AS (TM9) - Total Liabilities
Based on the latest financial reports, NorAm Drilling AS (TM9) has total liabilities worth €20.14 Million EUR (≈ $23.54 Million USD) as of December 2025. 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 NorAm Drilling AS (TM9) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
NorAm Drilling AS - Total Liabilities Trend (2019–2025)
This chart illustrates how NorAm Drilling AS's total liabilities have evolved over time, based on quarterly financial data. For the complete balance sheet picture, see NorAm Drilling AS asset portfolio.
NorAm Drilling AS Competitors by Total Liabilities
The table below lists competitors of NorAm Drilling AS ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Can2 Termik AS
IS:CANTE
|
Turkey | TL4.08 Billion |
|
Malayan Flour Mills Bhd
KLSE:3662
|
Malaysia | RM922.77 Million |
|
Chlitina Holding Ltd
TW:4137
|
Taiwan | NT$5.07 Billion |
|
coocon Corp.
KQ:294570
|
Korea | ₩155.48 Billion |
|
AIRA Capital Public Company Limited
BK:AIRA
|
Thailand | ฿5.21 Billion |
|
PAMT CORP
NASDAQ:PAMT
|
USA | $487.43 Million |
|
Draganfly Inc
NASDAQ:DPRO
|
USA | $5.16 Million |
|
Pizza Pizza Royalty Corp.
TO:PZA
|
Canada | CA$75.61 Million |
Liability Composition Analysis (2019–2025)
This chart breaks down NorAm Drilling AS'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 how leveraged is NorAm Drilling AS's balance sheet to measure how much of total assets are equity-financed.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 1.41 | 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 | 0.36 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.26 | 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 NorAm Drilling AS's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for NorAm Drilling AS (2019–2025)
The table below shows the annual total liabilities of NorAm Drilling AS from 2019 to 2025.
| Year | Total Liabilities | Change |
|---|---|---|
| 2025-12-31 | €20.14 Million ≈ $23.54 Million |
-20.11% |
| 2024-12-31 | €25.21 Million ≈ $29.47 Million |
-1.44% |
| 2023-12-31 | €25.57 Million ≈ $29.90 Million |
-24.27% |
| 2022-12-31 | €33.77 Million ≈ $39.48 Million |
-61.77% |
| 2021-12-31 | €88.34 Million ≈ $103.28 Million |
-5.93% |
| 2020-12-31 | €93.91 Million ≈ $109.79 Million |
-3.69% |
| 2019-12-31 | €97.51 Million ≈ $114.00 Million |
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About NorAm Drilling AS
NorAm Drilling AS, together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States. The company owns and operates a fleet of rigs located in the Permian Basin. NorAm Drilling AS was incorporated in 2007 and is headquartered in Oslo, Norway.