Nordic Financials ASAOSL:NOFIN +1.09%32 Current Ratio is 17.42 as of Mar. 2026, which is 674% above its 10-year median of 2.25. GuruFocus rates OSL:NOFIN with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 446 Utilities - Independent Power Producers companies, Nordic Financials ASA ranks better than 97.31% 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. Nordic Financials ASA's current ratio for the quarter that ended in Mar. 2026 was 17.42.
Nordic Financials ASA has a current ratio of 17.42. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Nordic Financials ASA's Current Ratio or its related term are showing as below:
OSL:NOFIN'
s Current Ratio Range Over the Past 10 Years
Min: 0.58 Med: 2.25 Max: 49.89
Current: 17.42
During the past 13 years, Nordic Financials ASA's highest Current Ratio was 49.89. The lowest was 0.58. And the median was 2.25.
OSL:NOFIN's Current Ratio is ranked better than 97.31% of 446
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.36
vs OSL:NOFIN: 17.42
Nordic Financials ASA (OSL:NOFIN) 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.
Nordic Financials ASA Current Ratio Related Terms
Nordic Financials ASA Current Ratio Historical Data
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The historical data trend for Nordic Financials ASA'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.
Nordic Financials ASA Current Ratio Competitor Comparison
For the Utilities - Renewable subindustry, Nordic Financials ASA'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.
Nordic Financials ASA Current Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Nordic Financials ASA's Current Ratio distribution charts can be found below:
* The bar in red indicates where Nordic Financials ASA'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.
Nordic Financials ASA (OSL:NOFIN) has a Current Ratio of 17.42 as of Mar. 2026. This is 674% above median its historical median of 2.25. Over the past decade, Nordic Financials ASA's Current Ratio has ranged from 0.58 to 49.89. According to the industry distribution chart, Nordic Financials ASA ranks #12 out of 446 companies in the Utilities - Independent Power Producers industry, placing it in the top 2.7%.
Is Nordic Financials ASA's Current Ratio too high?
Nordic Financials ASA's current Current Ratio of 17.42 is 674% above median its 10-year median of 2.25. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 49.89. The Utilities - Independent Power Producers industry median Current Ratio is 1.36. Nordic Financials ASA's value of 17.42 is 1180.9% above this industry median. Based on the distribution chart, Nordic Financials ASA ranks #12 out of 446 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Nordic Financials ASA has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Nordic Financials ASA's Current Ratio compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Nordic Financials ASA ranks #12 out of 446 companies for Current Ratio. This places Nordic Financials ASA in the top 3% of its industry — outperforming the majority of peers. The industry median Current Ratio is 1.36. Nordic Financials ASA's value of 17.42 is 1180.9% above this benchmark. Historically, Nordic Financials ASA's own Current Ratio has ranged from 0.58 to 49.89 over the past decade. While the company's 10-year median is 2.25 vs. the industry median of 1.36, Nordic Financials ASA has consistently been above 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 Utilities - Independent Power Producers company?
The median Current Ratio among Utilities - Independent Power Producers companies is 1.36, based on 446 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. Nordic Financials ASA's current Current Ratio of 17.42 is 1180.9% above 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 Utilities - Independent Power Producers 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. Nordic Financials ASA's current Current Ratio is 17.42, which is 674% above median its own 10-year median of 2.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Financials ASA stock overvalued right now?
Nordic Financials ASA (OSL:NOFIN) has a current Current Ratio of 17.42. The current Current Ratio is 17.42, which is 674% above median its 10-year median of 2.25 and 1180.9% above the Utilities - Independent Power Producers industry median of 1.36. Nordic Financials ASA's overall GF Score™ is 32/100 with 1 warning sign 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 Nordic Financials ASA (OSL:NOFIN), the current Current Ratio is 17.42 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.
Nordic Financials ASA is a Norway-based investment company engaged in the investment business. The company operates through a single operating segment, the investment business, and focuses on creating long-term shareholder value through investments in companies where it can take an active ownership role.
32GF Score
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