Northern Ocean Ltd (NOL) - Total Liabilities
Based on the latest financial reports, Northern Ocean Ltd (NOL) has total liabilities worth Nkr662.45 Million NOK (≈ $69.71 Million USD) as of September 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. Check how resilient are Northern Ocean Ltd's assets to evaluate the company's liquid asset resilience ratio.
Northern Ocean Ltd - Total Liabilities Trend (2018–2024)
This chart illustrates how Northern Ocean Ltd's total liabilities have evolved over time, based on quarterly financial data. For the complete balance sheet picture, see Northern Ocean Ltd asset portfolio.
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 |
|---|---|---|
|
W-SCOPE CHUNGJU PLANT LTD (PROPOSE
KQ:393890
|
Korea | ₩1.05 Trillion |
|
Advanced Information Technology Public Company Limited
BK:AIT
|
Thailand | ฿2.60 Billion |
|
Solstice Minerals Ltd
AU:SLS
|
Australia | AU$835.60K |
|
Alfas Solar Enerji Sanayi ve Ticaret A.S.
IS:ALFAS
|
Turkey | TL6.48 Billion |
|
Zalaris ASA
OL:ZAL
|
Norway | Nkr1.04 Billion |
|
UEM Edgenta Bhd
KLSE:1368
|
Malaysia | RM1.68 Billion |
|
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
|
Brazil | R$1.17 Billion |
|
KoMiCo Ltd
KQ:183300
|
Korea | ₩583.17 Billion |
Liability Composition Analysis (2018–2024)
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 net asset quality index to measure how much of total assets are equity-financed.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.26 | 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 | 1.68 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.63 | 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 (2018–2024)
The table below shows the annual total liabilities of Northern Ocean Ltd from 2018 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-12-31 | Nkr585.40 Million ≈ $61.60 Million |
-5.41% |
| 2023-12-31 | Nkr618.88 Million ≈ $65.12 Million |
+13.15% |
| 2022-12-31 | Nkr546.98 Million ≈ $57.56 Million |
+13.50% |
| 2021-12-31 | Nkr481.92 Million ≈ $50.71 Million |
-23.21% |
| 2020-12-31 | Nkr627.55 Million ≈ $66.04 Million |
+12.46% |
| 2019-12-31 | Nkr558.03 Million ≈ $58.72 Million |
-8.93% |
| 2018-12-31 | Nkr612.74 Million ≈ $64.48 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 two semi-submersible rigs. It also invests in power generation solutions. The company was incorporated in 2017 and is based in Hamilton, Bermuda. Northern Ocean Ltd. is a subsidiary of Hemen Holding Limited.