Northern Ocean (OSTO:NOLO) Accounts Payable & Accrued Expense : kr317 Mil (As of Mar. 2025)

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What is Northern Ocean Accounts Payable & Accrued Expense?

Northern Ocean's quarterly accounts payable & accrued expense increased from Sep. 2024 (kr390 Mil) to Dec. 2024 (kr403 Mil) but then declined from Dec. 2024 (kr403 Mil) to Mar. 2025 (kr317 Mil).

Northern Ocean's annual accounts payable & accrued expense increased from Dec. 2022 (kr169 Mil) to Dec. 2023 (kr364 Mil) and increased from Dec. 2023 (kr364 Mil) to Dec. 2024 (kr403 Mil).

Northern Ocean Accounts Payable & Accrued Expense Historical Data

The historical data trend for Northern Ocean's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northern Ocean Accounts Payable & Accrued Expense Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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1,132.97

59.17

168.94

363.67

402.96

Northern Ocean Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															344.36	251.00	389.56	402.96	317.37

Northern Ocean Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Northern Ocean Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OSTO:NOLo) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

NOL:Norway 4JO:Germany

Address

14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website

https://www.northernocean.no

Northern Ocean Ltd is an international offshore drilling contractor for the oil and gas industry. The company acquires and operates modern drilling assets and is engaged in offshore contract drilling in benign and harsh environments, including ultra-deep-water environments. It owns two semi-submersible rigs, Deepsea Mira and Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation, and One-time reimbursed costs.

Northern Ocean Headlines

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