NorAm Drilling AS

NorAm Drilling AS - Current Ratioverified

NORAM.OL

Price:

$45.15

Market Cap:

$205.77M

NorAm Drilling AS specializes in the procurement, ownership, and operation of advanced, AC-powered drilling rigs. These sophisticated units are custom-built for horizontal well development across the United States. The company maintains a fleet of eleven such rigs, which are primarily deployed within the Permian Basin. Established in 2007, NorAm Drilling AS is headquartered in Oslo, Norway, and operates as a subsidiary of Geveran Trading Ltd.

Industry

Oil & Gas Drilling

IPO Date

2022-10-07

Stock Exchange

OSL

Ticker

NORAM.OL

The Current Ratio as of August 2026 (TTM) for NorAm Drilling AS (NORAM.OL) is 1.31

According to NorAm Drilling AS’s latest financial reports and current stock price. The company's current Current Ratio is 1.31. This represents a change of -20.37% compared to the average of 1.65 of the last 4 quarters.

NorAm Drilling AS (NORAM.OL) Historical Current Ratio (quarterly & annually)

How has NORAM.OL Current Ratio performed in the past?

The mean historical Current Ratio of NorAm Drilling AS over the last ten years is 1.64. The current 1.31 Current Ratio has changed 7.91% 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.

Quarterly (TTM)
Annual

Average

1.64

Median

1.41

Minimum

-0.66

Maximum

3.96

NorAm Drilling AS (NORAM.OL) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20251.41-7.25%
20241.5226.91%
20231.2031.30%
20220.91-70.85%
20213.13-20.98%
20203.96-698.33%

NorAm Drilling AS (NORAM.OL) Average Current Ratio

How has NORAM.OL Current Ratio performed in the past?

The current Current Ratio of NorAm Drilling AS (NORAM.OL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.38

5-year avg

1.64

10-year avg

1.64

NorAm Drilling AS (NORAM.OL) Current Ratio vs. Peers

How is NORAM.OL’s Current Ratio compared to its peers?

NorAm Drilling AS’s Current Ratio is less than Prosafe SE (1.51), less than ABL Group ASA (2.29), less than Eidesvik Offshore ASA (1.62), greater than S.D. Standard ETC Plc (0), greater than Questerre Energy Corporation (0.82), less than Petrolia SE (2.57), greater than Reach Subsea ASA (0.70), greater than Deep Value Driller AS (1.26), greater than Northern Ocean Ltd. (0.25), less than Electromagnetic Geoservices ASA (5.40),

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