NorAm Drilling ASOSL:NORAM +1.97%87 Current Ratio is 1.31 as of Mar. 2026, which is 19% below its 10-year median of 1.62. GuruFocus rates OSL:NORAM with a GF Score™ of 87/100 and a GF Value™ of kr33.77 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,013 Oil & Gas companies, NorAm Drilling AS ranks worse than 50.74% 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. NorAm Drilling AS's current ratio for the quarter that ended in Mar. 2026 was 1.31.
NorAm Drilling AS has a current ratio of 1.31. It generally indicates good short-term financial strength.
The historical rank and industry rank for NorAm Drilling AS's Current Ratio or its related term are showing as below:
OSL:NORAM'
s Current Ratio Range Over the Past 10 Years
Min: 0.25 Med: 1.62 Max: 3.96
Current: 1.31
During the past 7 years, NorAm Drilling AS's highest Current Ratio was 3.96. The lowest was 0.25. And the median was 1.62.
OSL:NORAM's Current Ratio is ranked worse than 50.74% of 1013
companies
in the Oil & Gas industry
Industry Median: 1.34
vs OSL:NORAM: 1.31
NorAm Drilling AS (OSL:NORAM) 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.
NorAm Drilling AS Current Ratio Related Terms
NorAm Drilling AS Current Ratio Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS'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.
OSL:NORAM vs SLB, BKR, HAL: Current Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS'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.
NorAm Drilling AS Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Current Ratio distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS'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.
NorAm Drilling AS (OSL:NORAM) has a Current Ratio of 1.31 as of Mar. 2026. This is 19% below median its historical median of 1.62. Over the past decade, NorAm Drilling AS's Current Ratio has ranged from 0.25 to 3.96. According to the industry distribution chart, NorAm Drilling AS ranks #514 out of 1013 companies in the Oil & Gas industry, placing it in the top 50.7%.
Is NorAm Drilling AS's Current Ratio too high?
NorAm Drilling AS's current Current Ratio of 1.31 is 19% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 3.96. The Oil & Gas industry median Current Ratio is 1.34. NorAm Drilling AS's value of 1.31 is 2.2% below this industry median. Based on the distribution chart, NorAm Drilling AS ranks #514 out of 1013 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, NorAm Drilling AS has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Current Ratio compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #514 out of 1013 companies for Current Ratio. This places NorAm Drilling AS in the lower half of its industry. The industry median Current Ratio is 1.34. NorAm Drilling AS's value of 1.31 is 2.2% below this benchmark. Historically, NorAm Drilling AS's own Current Ratio has ranged from 0.25 to 3.96 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 1.34, 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 Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.34, based on 1,013 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. NorAm Drilling AS's current Current Ratio of 1.31 is 2.2% 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 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current Current Ratio is 1.31, which is 19% below median its own 10-year median of 1.62. 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 kr33.77, compared to a current price of kr38.85 — trading 15% above its estimated fair value. The current Current Ratio is 1.31, which is 19% below median its 10-year median of 1.62 and 2.2% below the Oil & Gas industry median of 1.34. NorAm Drilling AS's overall GF Score™ is 87/100 with 3 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 NorAm Drilling AS (OSL:NORAM), the current Current Ratio is 1.31 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 kr38.85 is trading 15% above its estimated GF Value™ of kr33.77.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Current Ratio: 1.31 (19% below median its 10-year median of 1.62)
GF Value™: kr33.77 vs. price of kr38.85 (15% above fair value)
Industry Position: 2.2% below the Oil & Gas median (#514 of 1013)
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.
87GF Score
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