Northern Ocean (Northern Ocean) Cash-to-Debt : 0.09 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Northern Ocean Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Northern Ocean's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.09.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Northern Ocean couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Northern Ocean's Cash-to-Debt or its related term are showing as below:

NTNOF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.08 Max: 0.2
Current: 0.09

During the past 5 years, Northern Ocean's highest Cash to Debt Ratio was 0.20. The lowest was 0.00. And the median was 0.08.

NTNOF's Cash-to-Debt is ranked worse than
82.01% of 1023 companies
in the Oil & Gas industry
Industry Median: 0.47 vs NTNOF: 0.09

Northern Ocean Cash-to-Debt Historical Data

The historical data trend for Northern Ocean's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Northern Ocean Cash-to-Debt Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.12

0.08

0.01

0.14

0.10

Northern Ocean Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.06	0.13	0.04	0.10	0.09

Competitive Comparison of Northern Ocean's Cash-to-Debt

For the Oil & Gas Drilling subindustry, Northern Ocean's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Northern Ocean's Cash-to-Debt Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Northern Ocean's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Northern Ocean's Cash-to-Debt falls into.

Northern Ocean Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Northern Ocean's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	54.35	/	(83.81	+	457.947)
	=	0.10

Northern Ocean's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	50.413	/	(443.956	+	99.916)
	=	0.09

Northern Ocean (OTCPK:NTNOF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Northern Ocean Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Northern Ocean's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Northern Ocean (Northern Ocean) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OTCPK:NTNOF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

NOLo:Sweden NOL:Norway

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 one semi-submersible rig, Deepsea Mira; and one semi-submersible rig currently under construction, Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation and One-time reimbursed costs.

Northern Ocean (Northern Ocean) Headlines

No Headlines