NORAM.OL
Price:
$32.9
Market Cap:
$141.27M
NorAm Drilling AS invests in, owns and operates advanced high-end AC driven rigs tailored for the drilling of horizontal wells in the United States. It owns and operates fleet of eleven rigs located in the Permian Basin. The company was founded in 2007 and is headquartered in Oslo, Norway. NorAm Drilling AS is a subsidiary of Geveran Trading Ltd.
Industry
Oil & Gas Equipment & Services
IPO Date
2022-10-07
Stock Exchange
OSL
Ticker
NORAM.OL
According to NorAm Drilling AS’s latest financial reports and current stock price. The company's current Current Ratio is 1.98. This represents a change of 20.09% compared to the average of 1.65 of the last 4 quarters.
The mean historical Current Ratio of NorAm Drilling AS over the last ten years is 1.68. The current 1.98 Current Ratio has changed 11.72% with respect to the historical average. Over the past ten years (40 quarters), NORAM.OL's Current Ratio was at its highest in in the June 2024 quarter at 1.99. The Current Ratio was at its lowest in in the September 2022 quarter at 0.34.
Average
1.68
Median
1.36
Minimum
-0.66
Maximum
3.96
Discovering the peaks and valleys of NorAm Drilling AS Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.
Maximum Annual Increase = 31.30%
Maximum Annual Current Ratio = 3.96
Minimum Annual Increase = -698.33%
Minimum Annual Current Ratio = -0.66
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.52 | 26.91% |
| 2023 | 1.20 | 31.30% |
| 2022 | 0.91 | -70.85% |
| 2021 | 3.13 | -20.98% |
| 2020 | 3.96 | -698.33% |
The current Current Ratio of NorAm Drilling AS (NORAM.OL) is greater than its 3-year, less than than its 5-year, and greater than its 10-year historical averages
3-year avg
1.21
5-year avg
2.15
10-year avg
1.68
NorAm Drilling AS’s Current Ratio is greater than Prosafe SE (0.19), greater than ABL Group ASA (1.37), greater than Eidesvik Offshore ASA (1.27), less than S.D. Standard ETC Plc (119.91), less than Questerre Energy Corporation (2.12), less than Petrolia SE (2.66), greater than Reach Subsea ASA (0.85), less than Deep Value Driller AS (17.67), greater than Northern Ocean Ltd. (0.27), less than Electromagnetic Geoservices ASA (2.93),
| Company | Current Ratio | Market cap |
|---|---|---|
| 0.19 | $1.36B | |
| 1.37 | $1.15B | |
| 1.27 | $897.69M | |
| 119.91 | $970.29M | |
| 2.12 | $934.16M | |
| 2.66 | $272.74M | |
| 0.85 | $2.14B | |
| 17.67 | $2.03B | |
| 0.27 | $2.60B | |
| 2.93 | $35.36M |
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