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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	28.12	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	28.15	42.79	54.39	67.53	6.65	37.47
Cash Growth	-62.92%	-21.33%	-19.46%	915.78%	-82.26%	-30.47%
Accounts Receivable	48.1	54.97	47.91	19.16	-	18.35
Other Receivables	3.44	0.6	0.62	3.91	4.51	4.24
Receivables	51.54	55.57	48.53	23.07	4.51	22.59
Inventory	-	0.34	-	0.49	-	-
Restricted Cash	0.18	0.14	0.14	5.43	10.15	0.16
Other Current Assets	22.41	3.67	29.13	38.29	2.45	0.69
Total Current Assets	102.27	102.5	132.19	134.8	23.76	60.91
Property, Plant & Equipment	937.26	929.07	923.59	917.71	953.76	1,071
Long-Term Deferred Tax Assets	28.46	-	-	-	0.04	2.97
Long-Term Deferred Charges	-	-	-	1.27	-	-
Total Assets	1,068	1,032	1,056	1,054	977.55	1,135
Accounts Payable	20.25	12.59	5.17	7.66	2.33	4.95
Accrued Expenses	41.1	17.57	43.48	27.33	4.21	7.38
Current Portion of Long-Term Debt	299.31	14.95	83.7	19.97	10	190
Current Portion of Leases	0.04	0.12	0.11	0.2	-	-
Current Unearned Revenue	9.69	3.97	14.74	22.22	1.92	17.91
Other Current Liabilities	13.04	17.76	11.02	1.98	1	124.53
Total Current Liabilities	383.43	66.95	158.22	79.36	19.46	344.77
Long-Term Debt	248.73	515.85	457.95	461.23	459.53	277.55
Long-Term Leases	-	-	-	0.16	-	-
Long-Term Unearned Revenue	15.96	2.61	2.72	6.24	2.93	5.23
Total Liabilities	648.13	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	580.63	580.21	565.61	565.18	488.33	488.33
Retained Earnings	-311.91	-285.6	-219.95	-149.05	-56.16	-45.13
Comprehensive Income & Other	-0.47	-0.05	-0.11	-0.15	-0.35	0.07
Shareholders' Equity	419.86	446.16	436.9	506.8	495.63	507.08
Total Liabilities & Equity	1,068	1,032	1,056	1,054	977.55	1,135
Total Debt	548.08	530.91	541.76	481.56	469.53	467.55
Net Cash (Debt)	-519.93	-488.13	-487.37	-414.03	-462.88	-430.08
Net Cash Per Share	-1.58	-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	-281.16	35.55	-26.04	55.45	4.31	-283.86
Book Value Per Share	1.38	1.47	2.39	2.79	7.77	7.95
Tangible Book Value	419.86	446.16	436.9	506.8	495.63	507.08
Tangible Book Value Per Share	1.38	1.47	2.39	2.79	7.77	7.95
Machinery	1,138	1,104	1,067	1,033	1,029	1,103
Order Backlog	-	415	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.