ISLAND DRILLING COMPANY AS
Score · fiscal year 2023
37of 100
How to read this: the company is ahead of 28 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 402 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 94 and solidity 0 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
ISLAND DRILLING COMPANY AS is 12 points below the median for medium-sized companies in the same sector in 2023.
Median score 49 among 153 companies.
Against medium-sized companies in the same sector in 2023: operating margin 142.9% (median 7.4%) and equity ratio −5.0% (median 35.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 666 MNOK | 241 MNOK |
| Operating margin | 142.9% | 7.4% |
| Profit margin | 135.7% | 8.0% |
| Return on assets | 33.0% | 8.4% |
| Equity ratio | −5.0% | 35.2% |
| Debt-to-equity | – | 1.33 |
| Current ratio | 0.19 | 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 37, ISLAND DRILLING COMPANY AS does better than 28% of medium-sized companies in the same sector (153 companies) in 2023.
Score 2023–2025
- ISLAND DRILLING COMPANY AS
- Median: medium-sized 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 402 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 35.2%).
- critical
Consider strengthening liquidity: current liabilities are 5.1 times current assets.
Based on: Current ratio 0.19 (median 1.25).
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
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 | 94 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 17 | 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 7.4% among medium-sized 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 35.2%). 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 1.25). Current assets did not cover current liabilities.
How does ISLAND DRILLING COMPANY AS compare in Olje og gass?
ISLAND DRILLING COMPANY AS ranks 402 of 565 in Olje og gass for 2023. Among companies of the same size (medium-sized companies) it ranks 110 of 153.
Group accounts · 2025
1 of 100
Rank 899 of 899 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 (2023) |
|---|---|---|
| Operating margin | −354.3% | – |
| Return on assets | −21.1% | – |
| Equity ratio | −47.1% | – |
| Current ratio | 0.11 | – |
| Revenue growth | −65.4% | – |
Group index in earlier years: 2023: 36 (792 of 1079), 2024: 3 (915 of 916).
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).
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.
- 918375651
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.101)
- Size tier
- medium
- 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 6 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 | 37 | 6 | 3 | |
| Rank | 402 | 571 | 573 | |
| 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). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2023–31 December 2023: 10.5647 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| 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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