Scott McReaken - Northern Ocean Chief Officer

All Insiders . Norway . 
Stock . Northern Ocean . Stakeholders . Insider . Scott McReaken
NOL Stock  NOK 8.50  0.05  0.58%   

Insider

Scott McReaken is Chief Officer of Northern Ocean
Age 45
Phone441 295 9500
Webhttps://www.northernocean.no

Northern Ocean Management Efficiency

The company has return on total asset (ROA) of (0.0297) % which means that it has lost $0.0297 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0411) %, meaning that it generated substantial loss on money invested by shareholders. Northern Ocean's management efficiency ratios could be used to measure how well Northern Ocean manages its routine affairs as well as how well it operates its assets and liabilities.
Northern Ocean has accumulated 459.53 M in total debt with debt to equity ratio (D/E) of 1.0, which is about average as compared to similar companies. Northern Ocean has a current ratio of 0.06, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Northern Ocean until it has trouble settling it off, either with new capital or with free cash flow. So, Northern Ocean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Northern Ocean sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Northern to invest in growth at high rates of return. When we think about Northern Ocean's use of debt, we should always consider it together with cash and equity.

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Northern Ocean Ltd., together with its subsidiaries, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda. NORTHERN OCEAN is traded on Oslo Stock Exchange in Norway. Northern Ocean (NOL) is traded on Oslo Stock Exchange in Norway and employs 3 people.

Management Performance

Return On Equity-0.0411
Return On Asset-0.0297

Northern Ocean Leadership Team

Elected by the shareholders, the Northern Ocean's board of directors comprises two types of representatives: Northern Ocean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Northern. The board's role is to monitor Northern Ocean's management team and ensure that shareholders' interests are well served. Northern Ocean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Northern Ocean's outside directors are responsible for providing unbiased perspectives on the board's policies.
Scott McReaken, Chief Officer
Jonas Ytreland, Chief Officer
Michael Ferguson, Director Operations
Olav Sirevag, Chief Officer

Northern Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Northern Ocean a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Return On Equity-0.0411
Return On Asset-0.0297
Profit Margin(0.66) %
Operating Margin(1.68) %
Current Valuation6.03 B
Shares Outstanding181.62 M
Shares Owned By Insiders43.92 %
Shares Owned By Institutions23.22 %
Price To Book0.36 X
Price To Sales46.96 X

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Other Information on Investing in Northern Stock

Northern Ocean financial ratios help investors to determine whether Northern Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Northern with respect to the benefits of owning Northern Ocean security.
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