Northern Ocean Ltd.

Northern Ocean Ltd.verified

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

The Current Ratio as of December 2025 (TTM) for Northern Ocean Ltd. (NTNOF) is 0.27

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.

Northern Ocean Ltd. (NTNOF) Historical Current Ratio (quarterly & annually)

How has NTNOF Current Ratio performed in the past?

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.

Quarterly (TTM)
Annual

Average

1.04

Median

1.03

Minimum

0.18

Maximum

1.70

Northern Ocean Ltd. (NTNOF) Current Ratio by Quarter and Year

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

Quarterly (TTM)
Annual
YearCurrent RatioChange
20241.5383.25%
20230.84-50.82%
20221.7039.08%
20211.22591.37%
20200.18-76.50%

Northern Ocean Ltd. (NTNOF) Average Current Ratio

How has NTNOF Current Ratio performed in the past?

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. (NTNOF) Current Ratio vs. Peers

How is NTNOF’s Current Ratio compared to its peers?

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),

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