Northern Ocean Ltd Working Capital to Net Assets Ratio
Northern Ocean Ltd 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. Check tangible equity quality of Northern Ocean Ltd to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Northern Ocean Ltd (2018–2024)
Working capital to net assets ratio of Northern Ocean Ltd from 2018 to 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. See defensive interval ratio of Northern Ocean Ltd to measure how many days the company can operate on defensive assets alone.
Northern Ocean Ltd Working Capital to Net Assets Ratio by Year (2018–2024)
Northern Ocean Ltd working capital to net assets ratio by year from 2018 to 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 the complete balance sheet picture, see NOL total assets.
| 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 | — |