Northern Ocean Ltd (NOL) — Working Capital to Net Assets Ratio
Northern Ocean Ltd (NOL) has a Working Capital to Net Assets ratio of -73.4% as of September 2025. Working capital of Nkr-289.74 Million (current assets of Nkr103.95 Million minus current liabilities of Nkr393.69 Million) is measured against net assets of Nkr395.01 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Northern Ocean Ltd's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northern Ocean Ltd Working Capital to Net Assets (2018–2024)
This chart shows how Northern Ocean Ltd's Working Capital to Net Assets ratio has evolved across 7 annual periods from 2018 to 2024. As of September 2025, the ratio stands at -73.4%, reflecting working capital of Nkr-289.74 Million against net assets of Nkr395.01 Million NOK. Check how tangible is Northern Ocean Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Northern Ocean Ltd (2018–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northern Ocean Ltd from 2018 to 2024, 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. For live market cap and the full company profile, see Northern Ocean Ltd (NOL) total market value.
| Year | WC/NA Ratio | Working Capital (NOK) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2024 | 8.0% | Nkr35.55 Million | Nkr446.16 Million | Nkr102.50 Million | Nkr66.95 Million | ▲ +13.9 pp |
| 2023 | -6.0% | Nkr-26.04 Million | Nkr436.89 Million | Nkr132.19 Million | Nkr158.22 Million | ▼ -16.9 pp |
| 2022 | 10.9% | Nkr55.45 Million | Nkr506.80 Million | Nkr134.80 Million | Nkr79.36 Million | ▲ +10.1 pp |
| 2021 | 0.9% | Nkr4.31 Million | Nkr495.63 Million | Nkr23.76 Million | Nkr19.46 Million | ▲ +56.8 pp |
| 2020 | -56.0% | Nkr-283.86 Million | Nkr507.07 Million | Nkr60.91 Million | Nkr344.77 Million | ▼ -50.2 pp |
| 2019 | -5.8% | Nkr-31.60 Million | Nkr543.12 Million | Nkr95.75 Million | Nkr127.35 Million | ▼ -103986.7 pp |
| 2018 | 103980.9% | Nkr-407.61 Million | Nkr-392.00K | Nkr17.41 Million | Nkr425.02 Million | — |