NORAM DRILLING AS
Score · fiscal year 2024
41of 100
How to read this: the company is ahead of 34 % of companies in the same sector in 2024. What does this mean?
Rank: 387 of 586 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 21 and solidity 77 out of 100 among companies in the same sector in 2024. Methodology
Against the sector
NORAM DRILLING AS is 7 points below the median for companies in the same sector in 2024.
Median score 48 among 586 companies. The size tier was too small, so the company is compared with the whole sector.
Against companies in the same sector in 2024: operating margin −589.1% (median 5.1%) and equity ratio 87.7% (median 34.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | −589.1% | 5.1% |
| Profit margin | 3,320.9% | 9.8% |
| Return on assets | 2.6% | 4.2% |
| Equity ratio | 87.7% | 34.8% |
| Debt-to-equity | 0.14 | 1.15 |
| Current ratio | 0.09 | 1.01 |
| Revenue growth | 0.0% | −0.1% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 41, NORAM DRILLING AS does better than 34% of companies in the same sector (587 companies) in 2024.
Score 2023–2025
- NORAM DRILLING AS
- Median: companies in the same sector
What the numbers say
NORAM DRILLING AS had an operating margin of −589.1% and an equity ratio of 87.7% in 2024, and ranks 387 of 586 in Olje og gass.
From 2023 to 2024: the operating margin rose from −880.9% to −589.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 15 MUSD and 130 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 15 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 130 MUSD |
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 10.8 times current assets.
Based on: Current ratio 0.09 (median 1.01).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −589.1% (median 5.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Extreme margin: check the figures
- 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 | 21 | weight 30% |
|---|---|---|
| Solidity | 77 | weight 25% |
| Liquidity | 7 | weight 15% |
| Growth | 39 | weight 15% |
| Consistency | 57 | weight 15% |
Durability: 42 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORAM DRILLING AS?
The operating margin was −589.1% in 2024, against a median of 5.1% among companies in the same sector. Return on assets was 2.6%.
How solid is NORAM DRILLING AS?
The equity ratio was 87.7% in 2024 (median 34.8%). Debt-to-equity was 0.14 (median 1.15).
What is the liquidity of NORAM DRILLING AS like?
The current ratio was 0.09 in 2024 (median 1.01). Current assets did not cover current liabilities.
How does NORAM DRILLING AS compare in Olje og gass?
NORAM DRILLING AS ranks 387 of 586 in Olje og gass for 2024. Revenue changed by 0.0% from the year before.
Group accounts · 2025
61 of 100
Rank 215 of 737 groups with group accounts. Groups are ranked only against each other, not against single companies.
The group accounts are in USD. We show ratios, not amounts.
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 13.7% | – |
| Return on assets | 18.9% | – |
| Equity ratio | 67.6% | – |
| Current ratio | 1.12 | – |
| Revenue growth | −1.9% | – |
Group index in earlier years: 2023: 63 (239 of 848), 2024: 49 (389 of 735).
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.
- 990947619
- Legal form
- AS
- Sector
- Olje og gass (09.101)
- Employees
- 0–4 (not registered)
- Founded
- 19 February 2007 19 years in operation
- Share capital
- 86.72 MNOK
- Business address
- Bryggegata 3, 0250 OSLO
- Municipality
- Oslo rank 23–283 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.globalrig.no
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
- Chair of the board
- Ole Bjarte Hjertaker
- Board member
- Marius Wenneck Rønnevik
- Board member
- Christopher James Baker
- Auditor
- KPMG AS
- Accountant
- AMESTO ACCOUNTHOUSE BERGEN AS
- Accountant
- AMESTO ACCOUNTHOUSE 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 | 42 | 41 | 41 | |
| Rank | 350 | 387 | 380 | |
| Operating margin | −880.9% | −589.1% | −622.7% | |
| Return on assets | 3.6% | 2.6% | 2.1% | |
| Equity ratio | 90.1% | 87.7% | 89.0% | |
| Current ratio | 0.00 | 0.09 | 0.09 | |
| Revenue growth | – | 0.0% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MUSD | 0.1 MUSD | 0.1 MUSD |
| Operating profit | −1.0 MUSD | −0.6 MUSD | −0.7 MUSD |
| Profit before tax | 5.6 MUSD | 3.7 MUSD | 2.6 MUSD |
| Net profit | 2.2 MUSD | 1.5 MUSD | 3.4 MUSD |
| Financial expenses | 0.4 MUSD | 0.2 MUSD | 0.2 MUSD |
| Total assets | 164.9 MUSD | 147.6 MUSD | 130.5 MUSD |
| Current assets | 0.0 MUSD | 1.2 MUSD | 1.1 MUSD |
| Equity | 148.6 MUSD | 129.5 MUSD | 116.2 MUSD |
| Retained earnings | 28.4 MUSD | 30.0 MUSD | 33.4 MUSD |
| Total liabilities | 16.3 MUSD | 18.1 MUSD | 14.3 MUSD |
| Current liabilities | 11.9 MUSD | 13.2 MUSD | 11.8 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6310301.
Further
Similar companies
- TECHDOF BRASIL AS index 42, rank 378
- PANDION ENERGY AS index 41, rank 380
- DNO IRAQ AS index 41, rank 385
- SEA1 OFFSHORE REDERI AS index 41, rank 386
- DNO NORGE AS index 40, rank 390