H&P DRILLING NORGE AS
Score · fiscal year 2024
41of 100
How to read this: the company is ahead of 29 % of large companies in the same sector in 2024. What does this mean?
Rank: 393 of 586 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 51 and solidity 26 out of 100 among large companies in the same sector in 2024. Methodology
Against the sector
H&P DRILLING NORGE AS is 9 points below the median for large companies in the same sector in 2024.
Median score 50 among 95 companies.
Against large companies in the same sector in 2024: operating margin 6.6% (median 10.7%) and equity ratio 12.4% (median 25.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2,042 MNOK | 2,688 MNOK |
| Operating margin | 6.6% | 10.7% |
| Profit margin | 7.7% | 12.5% |
| Return on assets | 20.4% | 14.7% |
| Equity ratio | 12.4% | 25.9% |
| Debt-to-equity | 7.07 | 2.71 |
| Current ratio | 1.10 | 1.12 |
| Revenue growth | 4.3% | 5.9% |
| Revenue per employee | 2.33 MNOK | 5.39 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 41, H&P DRILLING NORGE AS does better than 29% of large companies in the same sector (95 companies) in 2024.
Score 2023–2025
- H&P DRILLING NORGE AS
- Median: large companies in the same sector
What the numbers say
H&P DRILLING NORGE AS had an operating margin of 6.6% and an equity ratio of 12.4% in 2024, and ranks 393 of 586 in Olje og gass.
From 2023 to 2024: the equity ratio fell from 35.6% to 12.4% and the operating margin rose from 3.3% to 6.6%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 101 MNOK and 1,293 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,293 MNOK |
| EV/EBIT | 8.0 | 1,031 MNOK |
| P/B | 1.0 | 101 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.0% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 51 | weight 30% |
|---|---|---|
| Solidity | 26 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | 48 | weight 15% |
| Consistency | 34 | weight 15% |
Durability: 46 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is H&P DRILLING NORGE AS?
The operating margin was 6.6% in 2024, against a median of 10.7% among large companies in the same sector. Return on assets was 20.4%.
How solid is H&P DRILLING NORGE AS?
The equity ratio was 12.4% in 2024 (median 25.9%). Debt-to-equity was 7.07 (median 2.71).
What is the liquidity of H&P DRILLING NORGE AS like?
The current ratio was 1.10 in 2024 (median 1.12).
How does H&P DRILLING NORGE AS compare in Olje og gass?
H&P DRILLING NORGE AS ranks 393 of 586 in Olje og gass for 2024. Among companies of the same size (large companies) it ranks 68 of 95. Revenue changed by 4.3% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 918357688
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.101)
- Size tier
- large
- Employees
- 877 registered 10 September 2026
- Founded
- 14 November 1973 52 years in operation
- Share capital
- 100.00 MNOK
- Business address
- Espehaugen 37, 5258 BLOMSTERDALEN (BERGEN)
- Municipality
- Bergen rank 9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.kcadeutag.com
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Per Andreas Vangsgaard
- Chair of the board
- Ole Fredrik Maier
- Board member
- Knut Even Lodden
- Board member
- Bjarte Lygre
- Board member
- Thomas Dahl Røsand
- Board member
- Jin Marie Gjøsæter Bakke
- Board member
- Lynsey Claire Van De Laar
- Board member
- Frances Kimberley Anne Willis
- Deputy member
- Jan Inge Olsen
- Deputy member
- Stian Otterlei
- Deputy member
- Jonny Torvestad
- Deputy member
- Ingrid Salamonsen
- Deputy member
- Caroline Hnatow
- Deputy member
- Andrea Elisabeth Shiels
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 51 | 41 | 44 | |
| Rank | 261 | 393 | 345 | |
| Operating margin | 3.3% | 6.6% | 5.2% | |
| Return on assets | 10.5% | 20.4% | 16.3% | |
| Equity ratio | 35.6% | 12.4% | 14.0% | |
| Current ratio | 1.52 | 1.10 | 1.11 | |
| Revenue growth | – | 4.3% | 7.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1,958.3 MNOK | 2,042.5 MNOK | 2,199.7 MNOK |
| Operating profit | 65.4 MNOK | 134.5 MNOK | 114.8 MNOK |
| Profit before tax | 64.6 MNOK | 158.2 MNOK | 109.5 MNOK |
| Net profit | 50.3 MNOK | 129.3 MNOK | 85.3 MNOK |
| Financial expenses | 8.7 MNOK | 7.2 MNOK | 7.1 MNOK |
| Total assets | 699.7 MNOK | 812.2 MNOK | 715.9 MNOK |
| Current assets | 626.7 MNOK | 723.6 MNOK | 638.0 MNOK |
| Equity | 249.4 MNOK | 100.7 MNOK | 100.3 MNOK |
| Retained earnings | 105.8 MNOK | 0.7 MNOK | 0.3 MNOK |
| Total liabilities | 450.3 MNOK | 711.5 MNOK | 615.6 MNOK |
| Current liabilities | 412.5 MNOK | 656.8 MNOK | 572.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6226159.
Further
Similar companies
- ODFJELL INVEST AS index 42, rank 382 · compare
- SAIPEM DRILLING NORWAY AS index 41, rank 388 · compare
- LIME PETROLEUM AS index 40, rank 399 · compare
- SCHLUMBERGER NORGE AS index 40, rank 402 · compare
- EQUINOR NIGERIA AS index 39, rank 407 · compare