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NorAm Drilling ASOSL:NORAM +0.60%88 Cash Ratio is 0.41 as of Mar. 2026, which is 40% below its 10-year median of 0.68. GuruFocus rates OSL:NORAM with a GF Score™ of 88/100 and a GF Value™ of kr33.62 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 963 Oil & Gas companies, NorAm Drilling AS ranks worse than 51.61% on this metric.
NorAm Drilling AS has a Cash Ratio of 0.41. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for NorAm Drilling AS's Cash Ratio or its related term are showing as below:
OSL:NORAM'
s Cash Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.68 Max: 2.95
Current: 0.41
During the past 7 years, NorAm Drilling AS's highest Cash Ratio was 2.95. The lowest was 0.11. And the median was 0.68.
OSL:NORAM's Cash Ratio is ranked worse than 51.61% of 963
companies
in the Oil & Gas industry
Industry Median: 0.44
vs OSL:NORAM: 0.41
NorAm Drilling AS (OSL:NORAM) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
NorAm Drilling AS Cash Ratio Related Terms
NorAm Drilling AS Cash Ratio Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS's Cash Ratio 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.
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NorAm Drilling AS Cash Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Cash Ratio distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's Cash Ratio falls into.
* 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.
NorAm Drilling AS (OSL:NORAM) has a Cash Ratio of 0.41 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on NorAm Drilling AS and its competitors. This is 40% below median its historical median of 0.68. Over the past decade, NorAm Drilling AS's Cash Ratio has ranged from 0.11 to 2.95. According to the industry distribution chart, NorAm Drilling AS ranks #497 out of 963 companies in the Oil & Gas industry, placing it in the top 51.6%.
Is NorAm Drilling AS's Cash Ratio too high?
NorAm Drilling AS's current Cash Ratio of 0.41 is 40% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 2.95. The Oil & Gas industry median Cash Ratio is 0.44. NorAm Drilling AS's value of 0.41 is 6.8% below this industry median. Based on the distribution chart, NorAm Drilling AS ranks #497 out of 963 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, NorAm Drilling AS has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Cash Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #497 out of 963 companies for Cash Ratio. This places NorAm Drilling AS in the lower half of its industry. The industry median Cash Ratio is 0.44. NorAm Drilling AS's value of 0.41 is 6.8% below this benchmark. Historically, NorAm Drilling AS's own Cash Ratio has ranged from 0.11 to 2.95 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.44, NorAm Drilling AS has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for an Oil & Gas company?
The median Cash Ratio among Oil & Gas companies is 0.44, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NorAm Drilling AS's current Cash Ratio of 0.41 is 6.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median Cash Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current Cash Ratio is 0.41, which is 40% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorAm Drilling AS stock overvalued right now?
Based on GuruFocus' analysis, NorAm Drilling AS (OSL:NORAM) is currently considered Modestly Overvalued. The stock's GF Value™ is kr33.62, compared to a current price of kr42.00 — trading 24.9% above its estimated fair value. The current Cash Ratio is 0.41, which is 40% below median its 10-year median of 0.68 and 6.8% below the Oil & Gas industry median of 0.44. NorAm Drilling AS's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current Cash Ratio is 0.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NorAm Drilling AS (OSL:NORAM) Overvalued in 2026?
Based on GuruFocus' analysis, NorAm Drilling AS stock appears to be overvalued.
The current stock price of kr42.00 is trading 24.9% above its estimated GF Value™ of kr33.62.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Cash Ratio: 0.41 (40% below median its 10-year median of 0.68)
GF Value™: kr33.62 vs. price of kr42.00 (24.9% above fair value)
Industry Position: 6.8% below the Oil & Gas median (#497 of 963)
No single metric tells the full story. See the OSL:NORAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NorAm Drilling AS owns and operates a quality rig portfolio of super spec developed high-end AC driven rigs tailored for the drilling of horizontal wells in the USA land drilling market. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. The group's operating segments are NorAm Drilling Company, which derives maximum revenue, and NorAm Drilling AS.
88GF Score
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