Northern Ocean Ltd. (OSL:NOL)

Northern Ocean Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	58	42.75	54.35	67.49	5.46	37.47
Short-Term Investments	0.04	0.04	0.04	0.04	1.19	-
Cash & Short-Term Investments	58.04	42.79	54.39	67.53	6.65	37.47
Cash Growth	15.04%	-21.33%	-19.46%	915.78%	-82.26%	-30.47%
Accounts Receivable	36.74	54.97	47.91	19.16	-	18.35
Other Receivables	1.61	0.6	0.62	3.91	4.51	4.24
Receivables	38.34	55.57	48.53	23.07	4.51	22.59
Inventory	0.92	0.34	-	0.49	-	-
Restricted Cash	0.15	0.14	0.14	5.43	10.15	0.16
Other Current Assets	5.55	3.67	29.13	38.29	2.45	0.69
Total Current Assets	103.01	102.5	132.19	134.8	23.76	60.91
Property, Plant & Equipment	933.77	929.07	923.59	917.71	953.76	1,071
Long-Term Deferred Tax Assets	11.06	-	-	-	0.04	2.97
Long-Term Deferred Charges	-	-	-	1.27	-	-
Total Assets	1,048	1,032	1,056	1,054	977.55	1,135
Accounts Payable	8.44	12.59	5.17	7.66	2.33	4.95
Accrued Expenses	27.21	17.57	43.48	27.33	4.21	7.38
Current Portion of Long-Term Debt	22.44	14.95	83.7	19.97	10	190
Current Portion of Leases	0.07	0.12	0.11	0.2	-	-
Current Unearned Revenue	6.82	3.97	14.74	22.22	1.92	17.91
Other Current Liabilities	12.05	17.76	11.02	1.98	1	124.53
Total Current Liabilities	77.02	66.95	158.22	79.36	19.46	344.77
Long-Term Debt	516.93	515.85	457.95	461.23	459.53	277.55
Long-Term Leases	-	-	-	0.16	-	-
Long-Term Unearned Revenue	18.87	2.61	2.72	6.24	2.93	5.23
Total Liabilities	612.81	585.4	618.89	546.98	481.92	627.55
Common Stock	151.61	151.61	91.34	90.81	63.8	63.8
Additional Paid-In Capital	580.42	580.21	565.61	565.18	488.33	488.33
Retained Earnings	-296.85	-285.6	-219.95	-149.05	-56.16	-45.13
Comprehensive Income & Other	-0.16	-0.05	-0.11	-0.15	-0.35	0.07
Shareholders' Equity	435.03	446.16	436.9	506.8	495.63	507.08
Total Liabilities & Equity	1,048	1,032	1,056	1,054	977.55	1,135
Total Debt	539.43	530.91	541.76	481.56	469.53	467.55
Net Cash (Debt)	-481.4	-488.13	-487.37	-414.03	-462.88	-430.08
Net Cash Per Share	-1.55	-1.72	-2.67	-3.58	-7.25	-6.74
Filing Date Shares Outstanding	303.22	303.22	182.68	181.62	103.8	63.8
Total Common Shares Outstanding	303.22	303.22	182.68	181.62	63.8	63.8
Working Capital	25.99	35.55	-26.04	55.45	4.31	-283.86
Book Value Per Share	1.43	1.47	2.39	2.79	7.77	7.95
Tangible Book Value	435.03	446.16	436.9	506.8	495.63	507.08
Tangible Book Value Per Share	1.43	1.47	2.39	2.79	7.77	7.95
Machinery	1,121	1,104	1,067	1,033	1,029	1,103
Order Backlog	-	415	-	-	-	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.