Northern Ocean Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct '25 Oct 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	294	206	197	176	49	99
Market Cap Growth	37.24%	4.41%	11.95%	258.02%	-50.33%	-72.01%
Enterprise Value	818	616	741	651	507	558
Last Close Price	0.60	0.66	1.32	-	-	-
PS Ratio	1.32	0.81	0.91	8.13	0.85	1.13
PB Ratio	0.75	0.46	0.45	0.35	0.10	0.20
P/TBV Ratio	0.75	0.46	0.45	0.35	0.10	0.20
P/OCF Ratio	166.45	-	-	-	-	6.83
EV/Sales Ratio	3.47	2.44	3.41	30.05	8.73	6.39
EV/EBITDA Ratio	15.35	15.51	38.37	-	-	94.71
Debt / Equity Ratio	1.37	1.19	1.24	0.95	0.95	0.92
Debt / EBITDA Ratio	10.69	13.37	28.06	-	-	79.29
Net Debt / Equity Ratio	1.26	1.09	1.12	0.82	0.93	0.85
Net Debt / EBITDA Ratio	9.82	12.29	25.25	-17.43	-62.95	72.93
Net Debt / FCF Ratio	-9.26	-6.52	-6.13	-7.20	-21.03	-16.05
Asset Turnover	0.21	0.24	0.21	0.02	0.06	0.08
Quick Ratio	0.18	1.47	0.65	1.14	0.57	0.17
Current Ratio	0.26	1.53	0.84	1.70	1.22	0.18
Return on Equity (ROE)	-15.45%	-14.87%	-15.03%	-18.53%	-2.20%	-6.95%
Return on Assets (ROA)	-0.38%	-0.61%	-1.40%	-3.94%	-2.96%	-1.32%
Return on Capital Employed (ROCE)	-1.00%	-1.10%	-2.60%	-6.60%	-5.20%	-3.00%
Earnings Yield	-22.42%	-31.91%	-35.97%	-52.76%	-22.42%	-36.88%
FCF Yield	-18.23%	-36.37%	-40.37%	-32.66%	-44.77%	-27.07%
Buyback Yield / Dilution	-67.32%	-55.11%	-58.02%	-81.02%	-0.02%	-1247.22%

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