NorAm Drilling AS (TM9) — Working Capital to Net Assets Ratio
NorAm Drilling AS (TM9) has a Working Capital to Net Assets ratio of 12.7% as of December 2025. Working capital of €7.11 Million (current assets of €24.40 Million minus current liabilities of €17.30 Million) is measured against net assets of €56.14 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See NorAm Drilling AS (TM9) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
NorAm Drilling AS Working Capital to Net Assets (2019–2025)
This chart shows how NorAm Drilling AS's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 12.7%, reflecting working capital of €7.11 Million against net assets of €56.14 Million EUR. For the complete balance sheet picture, see NorAm Drilling AS total assets.
Annual Working Capital to Net Assets for NorAm Drilling AS (2019–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for NorAm Drilling AS from 2019 to 2025, covering 7 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 NorAm Drilling AS balance sheet liabilities 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 | 12.7% | €7.11 Million | €56.14 Million | €24.40 Million | €17.30 Million | ▲ +8.2 pp |
| 2024 | 4.5% | €2.40 Million | €53.47 Million | €22.38 Million | €19.97 Million | ▼ -1.2 pp |
| 2023 | 5.7% | €4.11 Million | €71.84 Million | €24.80 Million | €20.69 Million | ▲ +9.1 pp |
| 2022 | -3.4% | €-2.79 Million | €82.03 Million | €29.24 Million | €32.03 Million | ▼ -43.7 pp |
| 2021 | 40.3% | €13.60 Million | €33.73 Million | €19.98 Million | €6.38 Million | ▲ +3.9 pp |
| 2020 | 36.4% | €16.41 Million | €45.06 Million | €21.95 Million | €5.54 Million | ▲ +16.6 pp |
| 2019 | 19.8% | €11.60 Million | €58.64 Million | €23.55 Million | €11.95 Million | — |