ENHANCED WELL TECHNOLOGIES AS
Score · fiscal year 2023
40of 100
How to read this: the company is ahead of 35 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 371 of 565 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 38 and solidity 73 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
ENHANCED WELL TECHNOLOGIES AS is 9 points below the median for medium-sized companies in the same sector in 2023.
Median score 49 among 153 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 7.4% |
| Profit margin | – | 8.0% |
| Return on assets | 5.5% | 8.4% |
| Equity ratio | 60.6% | 35.2% |
| Debt-to-equity | 0.65 | 1.33 |
| Current ratio | 0.09 | 1.25 |
| Revenue growth | – | 15.0% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 40, ENHANCED WELL TECHNOLOGIES AS does better than 35% of medium-sized companies in the same sector (153 companies) in 2023.
Score 2023–2025
- ENHANCED WELL TECHNOLOGIES AS
- Median: medium-sized companies in the same sector
What the numbers say
ENHANCED WELL TECHNOLOGIES AS had an operating margin of – and an equity ratio of 60.6% in 2023, and ranks 371 of 565 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 118 MNOK and 445 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 118 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 445 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
- critical
Consider strengthening liquidity: current liabilities are 11.5 times current assets.
Based on: Current ratio 0.09 (median 1.25).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.2% of the debt in 2023. The policy rate averaged 3.54 % 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
- watch Revenue not reported
- watch No revenue but large assets
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 | 38 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 23 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ENHANCED WELL TECHNOLOGIES AS?
The operating margin was – in 2023, against a median of 7.4% among medium-sized companies in the same sector. Return on assets was 5.5%.
How solid is ENHANCED WELL TECHNOLOGIES AS?
The equity ratio was 60.6% in 2023 (median 35.2%). Debt-to-equity was 0.65 (median 1.33).
What is the liquidity of ENHANCED WELL TECHNOLOGIES AS like?
The current ratio was 0.09 in 2023 (median 1.25). Current assets did not cover current liabilities.
How does ENHANCED WELL TECHNOLOGIES AS compare in Olje og gass?
ENHANCED WELL TECHNOLOGIES AS ranks 371 of 565 in Olje og gass for 2023. Among companies of the same size (medium-sized companies) it ranks 100 of 153.
Group accounts · 2025
78 of 100
Rank 44 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 25.1% | – |
| Return on assets | 22.2% | – |
| Equity ratio | 50.6% | – |
| Current ratio | 1.69 | – |
| Revenue growth | 64.0% | – |
Group index in earlier years: 2023: 44 (700 of 1176), 2024: 60 (306 of 994).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 922585873
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 13 March 2019 7 years in operation
- Share capital
- 1.11 MNOK
- Business address
- c/o Enhanced Drilling Holding AS, Smålonane 16, 5353 STRAUME (ØYGARDEN)
- Municipality
- Øygarden rank 1–5 of 13 in KOSTRA group 10
- 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
- Kjetil Lunde
- Chair of the board
- Iain David Farley
- Board member
- Kjetil Lunde
- 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 | 40 | 41 | 40 | |
| Rank | 371 | 395 | 398 | |
| Operating margin | – | – | – | |
| Return on assets | 5.5% | 6.3% | 5.3% | |
| Equity ratio | 60.6% | 52.8% | 43.3% | |
| Current ratio | 0.09 | 0.18 | 0.63 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | 0.0 MNOK |
| Operating profit | −5.2 MNOK | −6.2 MNOK | −6.0 MNOK |
| Profit before tax | 13.3 MNOK | 17.6 MNOK | 20.5 MNOK |
| Net profit | 11.8 MNOK | 13.7 MNOK | 16.0 MNOK |
| Financial expenses | 26.7 MNOK | 37.2 MNOK | 38.0 MNOK |
| Total assets | 733.9 MNOK | 868.1 MNOK | 1,095.4 MNOK |
| Current assets | 25.1 MNOK | 15.8 MNOK | 204.0 MNOK |
| Equity | 444.6 MNOK | 458.4 MNOK | 474.4 MNOK |
| Retained earnings | −47.5 MNOK | −33.7 MNOK | −17.7 MNOK |
| Total liabilities | 289.2 MNOK | 409.7 MNOK | 621.0 MNOK |
| Current liabilities | 289.2 MNOK | 87.8 MNOK | 322.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5376535.
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