Northern OceanNTNOF 44 Current Ratio is 0.25 as of Mar. 2026, which is 68% below its 10-year median of 0.78. GuruFocus rates NTNOF with a GF Score™ of 44/100 and a GF Value™ of $0.60 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,016 Oil & Gas companies, Northern Ocean ranks worse than 93.41% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Northern Ocean's current ratio for the quarter that ended in Mar. 2026 was 0.25.
Northern Ocean has a current ratio of 0.25. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Northern Ocean has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Northern Ocean's Current Ratio or its related term are showing as below:
NTNOF'
s Current Ratio Range Over the Past 10 Years
Min: 0.02 Med: 0.78 Max: 3.01
Current: 0.25
During the past 7 years, Northern Ocean's highest Current Ratio was 3.01. The lowest was 0.02. And the median was 0.78.
NTNOF's Current Ratio is ranked worse than 93.41% of 1016
companies
in the Oil & Gas industry
Industry Median: 1.355
vs NTNOF: 0.25
Northern Ocean (OTCPK:NTNOF) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Northern Ocean Current Ratio Related Terms
Northern Ocean Current Ratio Historical Data
* Premium members only.
The historical data trend for Northern Ocean's Current 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 Drilling subindustry, Northern Ocean's Current Ratio, along with its competitors' market caps and Current 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.
Northern Ocean Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Northern Ocean's Current Ratio distribution charts can be found below:
* The bar in red indicates where Northern Ocean's Current 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.
Northern Ocean (NTNOF) has a Current Ratio of 0.25 as of Mar. 2026. This is 68% below median its historical median of 0.78. Over the past decade, Northern Ocean's Current Ratio has ranged from 0.02 to 3.01. According to the industry distribution chart, Northern Ocean ranks #949 out of 1016 companies in the Oil & Gas industry, placing it in the top 93.4%.
Is Northern Ocean's Current Ratio too high?
Northern Ocean's current Current Ratio of 0.25 is 68% below median its 10-year median of 0.78. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 3.01. The Oil & Gas industry median Current Ratio is 1.36. Northern Ocean's value of 0.25 is 81.5% below this industry median. Based on the distribution chart, Northern Ocean ranks #949 out of 1016 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Northern Ocean has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Northern Ocean's Current Ratio compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Northern Ocean ranks #949 out of 1016 companies for Current Ratio. This places Northern Ocean in the lower half of its industry. The industry median Current Ratio is 1.36. Northern Ocean's value of 0.25 is 81.5% below this benchmark. Historically, Northern Ocean's own Current Ratio has ranged from 0.02 to 3.01 over the past decade. While the company's 10-year median is 0.78 vs. the industry median of 1.36, Northern Ocean 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 Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.36, based on 1,016 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Ocean's current Current Ratio of 0.25 is 81.5% 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 Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Ocean's current Current Ratio is 0.25, which is 68% below median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Ocean stock overvalued right now?
Based on GuruFocus' analysis, Northern Ocean (NTNOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.60, compared to a current price of $0.82 — trading 36.7% above its estimated fair value. The current Current Ratio is 0.25, which is 68% below median its 10-year median of 0.78 and 81.5% below the Oil & Gas industry median of 1.36. Northern Ocean's overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Northern Ocean (NTNOF), the current Current Ratio is 0.25 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 Northern Ocean (NTNOF) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Ocean stock appears to be overvalued.
The current stock price of $0.82 is trading 36.7% above its estimated GF Value™ of $0.60.
GuruFocus considers Northern Ocean to be Significantly Overvalued.
Key valuation signals for NTNOF:
Current Ratio: 0.25 (68% below median its 10-year median of 0.78)
GF Value™: $0.60 vs. price of $0.82 (36.7% above fair value)
Industry Position: 81.5% below the Oil & Gas median (#949 of 1016)
No single metric tells the full story. See the NTNOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 a semi-submersible rig, Deepsea Mira. The company earns revenue mainly from drilling contracts for rigs.
44GF Score
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