Northern Ocean (OSTO:NOLO) Tax Rate % : -3.17% (As of Dec. 2024)

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What is Northern Ocean Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Northern Ocean's Tax Expense for the three months ended in Dec. 2024 was kr5 Mil. Northern Ocean's Pre-Tax Income for the three months ended in Dec. 2024 was kr-150 Mil. Therefore, Northern Ocean's Tax Rate % for the quarter that ended in Dec. 2024 was -3.17%.

Northern Ocean Tax Rate % Historical Data

The historical data trend for Northern Ocean's Tax Rate % 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.

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Northern Ocean Tax Rate % Chart

Northern Ocean Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Tax Rate %

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4.83

4.28

-0.42

-4.05

-3.79

Northern Ocean Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Tax Rate %	Get a 7-Day Free Trial															-6.00	-12.57	-14.63	-0.26	-3.17

Northern Ocean Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Northern Ocean's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2024 )	/	Pre-Tax Income (A: Dec. 2024 )
	=	26.929	/	-709.769
	=	-3.79 %

Northern Ocean's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2024 )	/	Pre-Tax Income (Q: Dec. 2024 )
	=	4.769	/	-150.353
	=	-3.17 %

Northern Ocean Tax Rate % Related Terms

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Northern Ocean Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Northern Ocean Ltd (OSTO:NOLo) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

NOL:Norway 4JO:Germany

Address

14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08

Website

https://www.northernocean.no

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 two semi-submersible rigs, Deepsea Mira and Deepsea Bollsta. The company earns revenue from Drilling, Mobilization and demobilization, Contract preparation and One-time reimbursed costs.

Northern Ocean Headlines

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