NORTHERN OCEAN LTD. (4JO) — Working Capital to Net Assets Ratio
NORTHERN OCEAN LTD. (4JO) has a Working Capital to Net Assets ratio of -35.1% as of March 2026. Working capital of €-112.31 Million (current assets of €37.05 Million minus current liabilities of €149.36 Million) is measured against net assets of €320.03 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. For the complete balance sheet picture, see total assets of NORTHERN OCEAN LTD..
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NORTHERN OCEAN LTD. Working Capital to Net Assets (2021–2025)
This chart shows how NORTHERN OCEAN LTD.'s Working Capital to Net Assets ratio has evolved across 5 annual periods from 2021 to 2025. As of March 2026, the ratio stands at -35.1%, reflecting working capital of €-112.31 Million against net assets of €320.03 Million EUR. Explore NORTHERN OCEAN LTD. capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Working Capital to Net Assets for NORTHERN OCEAN LTD. (2021–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for NORTHERN OCEAN LTD. from 2021 to 2025, covering 5 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Read 4JO liabilities breakdown for a breakdown of total debt and financial obligations.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -26.8% | €-92.31 Million | €345.05 Million | €67.17 Million | €159.47 Million | ▼ -34.7 pp |
| 2024 | 8.0% | €35.55 Million | €446.16 Million | €102.50 Million | €66.95 Million | ▲ +13.9 pp |
| 2023 | -6.0% | €-26.04 Million | €436.89 Million | €132.19 Million | €158.22 Million | ▼ -16.9 pp |
| 2022 | 10.9% | €55.45 Million | €506.80 Million | €134.80 Million | €79.36 Million | ▲ +10.1 pp |
| 2021 | 0.9% | €4.31 Million | €495.63 Million | €23.76 Million | €19.46 Million | — |