ISLAND DRILLING COMPANY AS
Score · fiscal year 2023
38of 100
How to read this: the company is ahead of 32 % of companies in the same sector in 2023. What does this mean?
Rank: 384 of 565 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 93 and solidity 0 out of 100 among companies in the same sector in 2023. Methodology
Against the sector
ISLAND DRILLING COMPANY AS is 11 points below the median for companies in the same sector in 2023.
Median score 49 among 565 companies. The size tier was too small, so the company is compared with the whole sector.
Against companies in the same sector in 2023: operating margin 142.9% (median 14.7%) and equity ratio −5.0% (median 36.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | 142.9% | 14.7% |
| Profit margin | 135.7% | 11.6% |
| Return on assets | 33.0% | 5.2% |
| Equity ratio | −5.0% | 36.1% |
| Debt-to-equity | – | 1.08 |
| Current ratio | 0.19 | 0.97 |
| Revenue growth | – | −84.1% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 38, ISLAND DRILLING COMPANY AS does better than 32% of companies in the same sector (566 companies) in 2023.
Score 2023–2025
- ISLAND DRILLING COMPANY AS
- Median: companies in the same sector
What the numbers say
ISLAND DRILLING COMPANY AS had an operating margin of 142.9% and an equity ratio of −5.0% in 2023, and ranks 384 of 565 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 539 MUSD and 856 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 856 MUSD |
| EV/EBIT | 8.0 | 539 MUSD |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −5.0% (median 36.1%).
- critical
Consider strengthening liquidity: current liabilities are 5.1 times current assets.
Based on: Current ratio 0.19 (median 0.97).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Extreme margin: check the figures
- critical Negative equity
- watch Reports in a currency other than NOK
- watch No exchange rate: amounts are left out of comparisons
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 | 93 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 8 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 24 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ISLAND DRILLING COMPANY AS?
The operating margin was 142.9% in 2023, against a median of 14.7% among companies in the same sector. Return on assets was 33.0%.
How solid is ISLAND DRILLING COMPANY AS?
The equity ratio was −5.0% in 2023 (median 36.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of ISLAND DRILLING COMPANY AS like?
The current ratio was 0.19 in 2023 (median 0.97). Current assets did not cover current liabilities.
How does ISLAND DRILLING COMPANY AS compare in Olje og gass?
ISLAND DRILLING COMPANY AS ranks 384 of 565 in Olje og gass for 2023.
From the Central Coordinating Register
- Org. no.
- 918375651
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.101)
- Employees
- 0–4 (not registered)
- Founded
- 2 January 2017 9 years in operation
- Share capital
- 87.37 MNOK
- Business address
- Stålhaugen 9, 6065 ULSTEINVIK
- Municipality
- Ulstein rank 7 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
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
- Roger Simmenes
- Chair of the board
- Morten Ulstein
- Board member
- Trond Mohn
- Auditor
- ERNST & YOUNG AS
- Accountant
- HASUND 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 | 38 | 11 | 7 | |
| Rank | 384 | 563 | 568 | |
| Operating margin | 142.9% | −85.4% | −355.1% | |
| Return on assets | 33.0% | −14.2% | −21.4% | |
| Equity ratio | −5.0% | −22.3% | −48.2% | |
| Current ratio | 0.19 | 0.32 | 0.10 | |
| Revenue growth | – | −23.0% | −65.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 63.1 MUSD | 48.6 MUSD | 16.7 MUSD |
| Operating profit | 90.1 MUSD | −41.5 MUSD | −59.3 MUSD |
| Profit before tax | 85.6 MUSD | −47.6 MUSD | −65.7 MUSD |
| Net profit | 85.6 MUSD | −47.6 MUSD | −65.7 MUSD |
| Financial expenses | 7.7 MUSD | 8.3 MUSD | 9.2 MUSD |
| Total assets | 282.5 MUSD | 277.5 MUSD | 264.7 MUSD |
| Current assets | 22.2 MUSD | 31.3 MUSD | 15.5 MUSD |
| Equity | −14.2 MUSD | −61.8 MUSD | −127.5 MUSD |
| Retained earnings | −55.4 MUSD | −103.0 MUSD | −168.8 MUSD |
| Total liabilities | 296.6 MUSD | 339.3 MUSD | 392.2 MUSD |
| Current liabilities | 113.9 MUSD | 98.8 MUSD | 151.8 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5386073.
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