NTNOF
Price:
$0.6
Market Cap:
$181.93M
Northern Ocean Ltd., a drilling contractor, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda.
Industry
Oil & Gas Drilling
IPO Date
2023-04-24
Stock Exchange
OTC
Ticker
NTNOF
According to Northern Ocean Ltd.’s latest financial reports and current stock price. The company's current Current Ratio is 0.27. This represents a change of -77.56% compared to the average of 1.19 of the last 4 quarters.
The mean historical Current Ratio of Northern Ocean Ltd. over the last ten years is 1.04. The current 0.27 Current Ratio has changed 2.48% with respect to the historical average. Over the past ten years (40 quarters), NTNOF's Current Ratio was at its highest in in the June 2024 quarter at 3.01. The Current Ratio was at its lowest in in the June 2019 quarter at 0.
Average
1.04
Median
1.03
Minimum
0.18
Maximum
1.70
Discovering the peaks and valleys of Northern Ocean Ltd. 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 = 591.37%
Maximum Annual Current Ratio = 1.70
Minimum Annual Increase = -76.50%
Minimum Annual Current Ratio = 0.18
| Year | Current Ratio | Change |
|---|---|---|
| 2024 | 1.53 | 83.25% |
| 2023 | 0.84 | -50.82% |
| 2022 | 1.70 | 39.08% |
| 2021 | 1.22 | 591.37% |
| 2020 | 0.18 | -76.50% |
The current Current Ratio of Northern Ocean Ltd. (NTNOF) 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
1.36
5-year avg
1.09
10-year avg
1.04
Northern Ocean Ltd.’s Current Ratio is less than Archer Limited (1.19), less than Vantage Drilling International (1.88), less than Tullow Oil plc (0.55), less than Orrön Energy AB (publ) (3.69), less than Calfrac Well Services Ltd. (0.94), less than Pardee Resources Company (8.40), less than Pine Cliff Energy Ltd. (0.47), less than Capricorn Energy PLC (2.42), less than Cavvy Energy Ltd. (0.69), less than NG Energy International Corp. (0.76),
| Company | Current Ratio | Market cap |
|---|---|---|
| 1.19 | $198.99M | |
| 1.88 | $159.54M | |
| 0.55 | $137.18M | |
| 3.69 | $145.81M | |
| 0.94 | $204.39M | |
| 8.40 | $192.07M | |
| 0.47 | $229.15M | |
| 2.42 | $168.04M | |
| 0.69 | $192.68M | |
| 0.76 | $187.83M |
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