ENHANCED DRILLING AS
Score · fiscal year 2024
65of 100
How to read this: the company is ahead of 81 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 101 of 586 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 76 and solidity 55 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
ENHANCED DRILLING AS is 19 points above the median for medium-sized companies in the same sector in 2024.
Median score 46 among 167 companies.
Against medium-sized companies in the same sector in 2024: operating margin 26.0% (median 6.2%) and equity ratio 45.1% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 547 MNOK | 262 MNOK |
| Operating margin | 26.0% | 6.2% |
| Profit margin | 23.3% | 8.3% |
| Return on assets | 16.3% | 9.2% |
| Equity ratio | 45.1% | 36.8% |
| Debt-to-equity | 1.22 | 1.32 |
| Current ratio | 2.77 | 1.27 |
| Revenue growth | 7.7% | 14.0% |
| Revenue per employee | 3.60 MNOK | 4.05 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 65, ENHANCED DRILLING AS does better than 81% of medium-sized companies in the same sector (167 companies) in 2024.
Score 2023–2025
- ENHANCED DRILLING AS
- Median: medium-sized companies in the same sector
What the numbers say
ENHANCED DRILLING AS had an operating margin of 26.0% and an equity ratio of 45.1% in 2024, and ranks 101 of 586 in Olje og gass.
From 2023 to 2024: the operating margin rose from 20.0% to 26.0% and the equity ratio rose from 39.7% to 45.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 456 MNOK and 967 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 967 MNOK |
| EV/EBIT | 8.0 | 745 MNOK |
| P/B | 1.0 | 456 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 6.7% 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 | 76 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 82 | weight 15% |
| Growth | 41 | weight 15% |
| Consistency | 70 | weight 15% |
Durability: 65 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ENHANCED DRILLING AS?
The operating margin was 26.0% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 16.3%.
How solid is ENHANCED DRILLING AS?
The equity ratio was 45.1% in 2024 (median 36.8%). Debt-to-equity was 1.22 (median 1.32).
What is the liquidity of ENHANCED DRILLING AS like?
The current ratio was 2.77 in 2024 (median 1.27).
How does ENHANCED DRILLING AS compare in Olje og gass?
ENHANCED DRILLING AS ranks 101 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 33 of 167. Revenue changed by 7.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 978712606
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Size tier
- medium
- Employees
- 152 registered 10 October 2026
- Founded
- 15 April 1997 29 years in operation
- Share capital
- 5.27 MNOK
- Business address
- Smålonane 16, 5353 STRAUME (ØYGARDEN)
- Municipality
- Øygarden rank 1–5 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.enhanced-drilling.com
- LEI
- 5493003FQGX6F4RXTP26 not renewed (lapsed)
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
- Kjetil Lunde
- Board member
- Iain David Farley
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 65 | 65 | 75 | |
| Rank | 124 | 101 | 38 | |
| Operating margin | 20.0% | 26.0% | 31.7% | |
| Return on assets | 13.0% | 16.3% | 24.7% | |
| Equity ratio | 39.7% | 45.1% | 51.2% | |
| Current ratio | 1.78 | 2.77 | 2.70 | |
| Revenue growth | – | 7.7% | 81.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 508.2 MNOK | 547.5 MNOK | 993.2 MNOK |
| Operating profit | 101.9 MNOK | 142.3 MNOK | 314.4 MNOK |
| Profit before tax | 76.3 MNOK | 127.8 MNOK | 251.3 MNOK |
| Net profit | 57.8 MNOK | 96.7 MNOK | 195.9 MNOK |
| Financial expenses | 37.0 MNOK | 37.3 MNOK | 74.2 MNOK |
| Total assets | 870.7 MNOK | 1,012.2 MNOK | 1,317.7 MNOK |
| Current assets | 286.6 MNOK | 447.8 MNOK | 730.0 MNOK |
| Equity | 346.0 MNOK | 456.4 MNOK | 674.2 MNOK |
| Retained earnings | 181.9 MNOK | 278.6 MNOK | 474.2 MNOK |
| Total liabilities | 524.8 MNOK | 555.8 MNOK | 643.6 MNOK |
| Current liabilities | 161.3 MNOK | 161.8 MNOK | 270.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6105909.
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