Martin Jimmerson - NorAm Drilling CEO CFO

NORAM Stock   33.90  0.75  2.16%   

CEO

Martin Jimmerson is CEO CFO of NorAm Drilling AS
Age 60
Phone47 23 11 40 00
Webhttps://www.noramdrilling.com

NorAm Drilling Management Efficiency

The company has return on total asset (ROA) of (0.0141) % which means that it has lost $0.0141 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3646) %, meaning that it generated substantial loss on money invested by shareholders. NorAm Drilling's management efficiency ratios could be used to measure how well NorAm Drilling manages its routine affairs as well as how well it operates its assets and liabilities.
NorAm Drilling AS has accumulated 80 M in total debt. Debt can assist NorAm Drilling until it has trouble settling it off, either with new capital or with free cash flow. So, NorAm Drilling'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 NorAm Drilling AS sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NorAm to invest in growth at high rates of return. When we think about NorAm Drilling's use of debt, we should always consider it together with cash and equity.

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NorAm Drilling AS (NORAM) is traded on Oslo Stock Exchange in Norway and employs 243 people.

Management Performance

NorAm Drilling AS Leadership Team

Elected by the shareholders, the NorAm Drilling's board of directors comprises two types of representatives: NorAm Drilling inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NorAm. The board's role is to monitor NorAm Drilling's management team and ensure that shareholders' interests are well served. NorAm Drilling'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, NorAm Drilling's outside directors are responsible for providing unbiased perspectives on the board's policies.
Martin Jimmerson, CEO CFO
Thomas Taylor, Chief Officer
Marius Furuly, Director Strategy
Phyllis Menard, HR Mang

NorAm Stock Performance Indicators

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Other Information on Investing in NorAm Stock

NorAm Drilling financial ratios help investors to determine whether NorAm 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 NorAm with respect to the benefits of owning NorAm Drilling security.