NorAm Drilling ASOSL:NORAM -2.26%90 Interest Coverage is No Debt (1) as of Mar. 2026, which is 100% below its 10-year median of 50.85. GuruFocus rates OSL:NORAM with a GF Score™ of 90/100 and a GF Value™ of kr33.21 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 728 Oil & Gas companies, NorAm Drilling AS ranks better than 86.95% 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. NorAm Drilling AS's
Operating Income
for the
three
months ended in Mar. 2026 was kr29 Mil. NorAm Drilling AS's Interest Expense for the
three
months ended in Mar. 2026 was kr0 Mil.
NorAm Drilling AS has no debt.
The higher the ratio, the stronger the company's financial strength is.
Good Sign:
NorAm Drilling AS has no debt.
(1) 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.
The historical rank and industry rank for NorAm Drilling AS's Interest Coverage or its related term are showing as below:
OSL:NORAM'
s Interest Coverage Range Over the Past 10 Years
Min: 0.87 Med: 50.85 Max: 511.9
Current: 259.5
OSL:NORAM's Interest Coverage is ranked better than 86.95% of 728
companies
in the Oil & Gas industry
Industry Median: 5.885
vs OSL:NORAM: 259.50
NorAm Drilling AS (OSL:NORAM) Interest Coverage Explanation
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 .
NorAm Drilling AS Interest Coverage Related Terms
NorAm Drilling AS Interest Coverage Historical Data
* Premium members only.
The historical data trend for NorAm Drilling AS'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.
OSL:NORAM vs SLB, BKR, HAL: Interest Coverage Comparison
For the Oil & Gas Equipment & Services subindustry, NorAm Drilling AS'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.
NorAm Drilling AS Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NorAm Drilling AS's Interest Coverage distribution charts can be found below:
* The bar in red indicates where NorAm Drilling AS'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:
* 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 No Debt <sup>(1)</sup> mean?
NorAm Drilling AS (OSL:NORAM) has a Interest Coverage of No Debt (1) as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on NorAm Drilling AS and its competitors. This is 98% below median its historical median of 50.85. Over the past decade, NorAm Drilling AS's Interest Coverage has ranged from 0.87 to 511.90. According to the industry distribution chart, NorAm Drilling AS ranks #95 out of 728 companies in the Oil & Gas industry, placing it in the top 13%.
Is NorAm Drilling AS's Interest Coverage too high?
NorAm Drilling AS's current Interest Coverage of No Debt (1) is 98% below median its 10-year median of 50.85. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 511.90. Based on the distribution chart, NorAm Drilling AS ranks #95 out of 728 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, NorAm Drilling AS has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorAm Drilling AS's Interest Coverage compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, NorAm Drilling AS ranks #95 out of 728 companies for Interest Coverage. This places NorAm Drilling AS in the top 13% of its industry — outperforming the majority of peers. The industry median Interest Coverage is 5.89. Historically, NorAm Drilling AS's own Interest Coverage has ranged from 0.87 to 511.90 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 Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.89, based on 728 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 NorAm Drilling AS 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. NorAm Drilling AS's current Interest Coverage is No Debt (1), which is 98% below median its own 10-year median of 50.85. 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 kr33.21, compared to a current price of kr38.95 — trading 17.3% above its estimated fair value. The current Interest Coverage is No Debt (1), which is 98% below median its 10-year median of 50.85. NorAm Drilling AS's overall GF Score™ is 90/100 with 3 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 NorAm Drilling AS (OSL:NORAM), the current Interest Coverage is No Debt (1) 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 kr38.95 is trading 17.3% above its estimated GF Value™ of kr33.21.
GuruFocus considers NorAm Drilling AS to be Modestly Overvalued.
Key valuation signals for OSL:NORAM:
Interest Coverage: No Debt (1) (98% below median its 10-year median of 50.85)
GF Value™: kr33.21 vs. price of kr38.95 (17.3% 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.
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