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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for NorAm Drilling AS's Debt-to-Equity or its related term are showing as below:
During the past 7 years, the highest Debt-to-Equity Ratio of NorAm Drilling AS was 3.09. The lowest was 1.36. And the median was 2.07.
OSL:NORAM's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.465 * Ranked among companies with meaningful Debt-to-Equity only.
NorAm Drilling AS (OSL:NORAM) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
NorAm Drilling AS Debt-to-Equity Related Terms
NorAm Drilling AS Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS's Debt-to-Equity 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: Debt-to-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS's Debt-to-Equity 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 Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NorAm Drilling AS and its competitors. Over the past decade, NorAm Drilling AS's Debt-to-Equity has ranged from 1.36 to 3.09. According to the industry distribution chart, NorAm Drilling AS ranks #999999 out of 796 companies in the Oil & Gas industry.
Is NorAm Drilling AS's Debt-to-Equity too high?
NorAm Drilling AS's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 3.09. Based on the distribution chart, NorAm Drilling AS ranks #999999 out of 796 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Debt-to-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #999999 out of 796 companies for Debt-to-Equity. This places NorAm Drilling AS in the lower half of its industry. The industry median Debt-to-Equity is 0.47. Historically, NorAm Drilling AS's own Debt-to-Equity has ranged from 1.36 to 3.09 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NorAm Drilling AS and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorAm Drilling AS's current Debt-to-Equity is 0.00. 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 kr33.66, compared to a current price of kr41.85 — trading 24.3% above its estimated fair value. The current Debt-to-Equity is 0.00. NorAm Drilling AS's overall GF Score™ is 89/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For NorAm Drilling AS (OSL:NORAM), the current Debt-to-Equity is 0.00 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 kr41.85 is trading 24.3% above its estimated GF Value™ of kr33.66.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Debt-to-Equity: 0.00
GF Value™: kr33.66 vs. price of kr41.85 (24.3% above fair value)
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.
89GF Score
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