NTNOF (Northern Ocean) Total Liabilities: $151.8 Mil (As of Mar. 2026)


NTNOF Northern Ocean Ltd NTNOF
44 GF Score
Price $0.82
GF Value $0.61
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Northern Ocean Total Liabilities?

Northern Ocean NTNOF 44 Total Liabilities is $151.8 Mil as of Mar. 2026. GuruFocus rates NTNOF with a GF Score™ of 44/100 and a GF Value™ of $0.61 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Northern Ocean's Total Liabilities for the quarter that ended in Mar. 2026 was $151.8 Mil.

Northern Ocean's quarterly Total Liabilities declined from Sep. 2025 ($662.45 Mil) to Dec. 2025 ($161.97 Mil) and declined from Dec. 2025 ($161.97 Mil) to Mar. 2026 ($151.82 Mil).

Northern Ocean's annual Total Liabilities declined from Dec. 2023 ($618.89 Mil) to Dec. 2024 ($585.40 Mil) and declined from Dec. 2024 ($585.40 Mil) to Dec. 2025 ($161.97 Mil).

Northern Ocean Total Liabilities Historical Data

* Premium members only.

The historical data trend for Northern Ocean's Total Liabilities 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.

Northern Ocean Total Liabilities Chart

Northern Ocean Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Liabilities
Get a 7-Day Free Trial 481.92 546.98 618.89 585.40 161.97

Northern Ocean Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 612.81 648.13 662.45 161.97 151.82
NTNOF
44GF Score
Northern Ocean Ltd NTNOF
Total Liabilities is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Ocean Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Northern Ocean's Total Liabilities for the fiscal year that ended in Dec. 2025 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=159.474+(0+2.495
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=162.0

Total Liabilities=Total Assets (A: Dec. 2025 )-Total Equity (A: Dec. 2025 )
=507.02-345.051
=162.0

Northern Ocean's Total Liabilities for the quarter that ended in Mar. 2026 is calculated as

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=149.356+(0+2.468
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=151.8

Total Liabilities=Total Assets (Q: Mar. 2026 )-Total Equity (Q: Mar. 2026 )
=471.856-320.032
=151.8

* 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.

Frequently Asked Questions Learn more about Total Liabilities →
What does a Total Liabilities of $151.8 Mil mean?
Northern Ocean (NTNOF) has a Total Liabilities of $151.8 Mil as of Mar. 2026. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Northern Ocean and its competitors.
Is Northern Ocean's Total Liabilities too high?
Northern Ocean's current Total Liabilities is $151.8 Mil. 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 Total Liabilities compare to NE and RIG?
Northern Ocean's Total Liabilities of $151.8 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Liabilities for an Oil & Gas company?
A good Total Liabilities depends on the Oil & Gas industry context. However, Total Liabilities 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 Total Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Northern Ocean and its competitors. Northern Ocean's current Total Liabilities is $151.8 Mil. 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 $0.61, compared to a current price of $0.82 — trading 34.4% above its estimated fair value. The current Total Liabilities is $151.8 Mil. 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 Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Northern Ocean (NTNOF), the current Total Liabilities is $151.8 Mil 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 34.4% above its estimated GF Value™ of $0.61. GuruFocus considers Northern Ocean to be Significantly Overvalued.

Key valuation signals for NTNOF:

  • Total Liabilities: $151.8 Mil
  • GF Value™: $0.61 vs. price of $0.82 (34.4% above fair value)
  • GF Score™: 44/100 with 4 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges NOLo:SwedenNOL:Norway
Address 14 Par La Ville Road, Par La Ville Place, PO Box HM 1593, Hamilton, BMU, HM08
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

Total Liabilities is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.82
Price
$0.61
GF Value