Northern OceanNTNOF 44 Interest Coverage is 0 (At Loss) as of Mar. 2026. 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 731 Oil & Gas companies, Northern Ocean ranks worse than 136798.77% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Northern Ocean's
Operating Income
for the
three
months ended in Mar. 2026 was $-22.4 Mil. Northern Ocean's Interest Expense for the
three
months ended in Mar. 2026 was $-2.7 Mil.
did not have earnings to cover the interest expense.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Northern Ocean's Interest Coverage or its related term are showing as below:
NTNOF's Interest Coverage is not ranked *
in the Oil & Gas industry.
Industry Median: 5.89 * Ranked among companies with meaningful Interest Coverage only.
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Northern Ocean Interest Coverage Related Terms
Northern Ocean Interest Coverage Historical Data
* Premium members only.
The historical data trend for Northern Ocean's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NTNOF vs NE, RIG, VAL: Interest Coverage Comparison
For the Oil & Gas Drilling subindustry, Northern Ocean's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Northern Ocean's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Northern Ocean's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Northern Ocean did not have earnings to cover the interest expense.
* 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.
What does a Interest Coverage of 0 (At Loss) mean?
Northern Ocean (NTNOF) has a Interest Coverage of 0 (At Loss) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Northern Ocean and its competitors. According to the industry distribution chart, Northern Ocean ranks #999999 out of 731 companies in the Oil & Gas industry.
Is Northern Ocean's Interest Coverage too high?
Northern Ocean's current Interest Coverage is 0 (At Loss). Based on the distribution chart, Northern Ocean ranks #999999 out of 731 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 Interest Coverage compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Northern Ocean ranks #999999 out of 731 companies for Interest Coverage. This places Northern Ocean in the lower half of its industry. The industry median Interest Coverage is 5.89. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 731 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Northern Ocean and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Ocean's current Interest Coverage is 0 (At Loss). 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 Interest Coverage is 0 (At Loss). 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Northern Ocean (NTNOF), the current Interest Coverage is 0 (At Loss) 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:
Interest Coverage: 0 (At Loss)
GF Value™: $0.60 vs. price of $0.82 (36.7% above fair value)
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
Get the complete analysis for NTNOF
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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