NORAM DRILLING AS
Score · fiscal year 2025
42of 100
How to read this: the company is ahead of 39 % of small companies in the same sector in 2025. What does this mean?
Rank: 373 of 583 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 28 and solidity 72 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NORAM DRILLING AS is 7 points below the median for small companies in the same sector in 2025.
Median score 49 among 326 companies.
Against small companies in the same sector in 2025: operating margin −622.7% (median 1.7%) and equity ratio 89.0% (median 53.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −622.7% | 1.7% |
| Profit margin | 2,379.1% | 9.0% |
| Return on assets | 2.1% | 2.8% |
| Equity ratio | 89.0% | 53.5% |
| Debt-to-equity | 0.12 | 0.43 |
| Current ratio | 0.09 | 1.75 |
| Revenue growth | 0.0% | 0.7% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 42, NORAM DRILLING AS does better than 39% of small companies in the same sector (330 companies) in 2025.
Score 2023–2025
- NORAM DRILLING AS
- Median: small companies in the same sector
NORAM DRILLING AS has a score of 42 for 2025, rank 373 of 583 in the sector.
Strongest: Solidity: percentile 72 against peers, equity ratio 89.0% against a median of 53.5%.
Weakest: Liquidity: percentile 8 against peers, current ratio 0.09 against a median of 1.75. Profitability: percentile 28 against peers, operating margin −622.7% against a median of 1.7%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 11.0 times current assets. Based on: current ratio 0.09 (median 1.75).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −622.7% (median 1.7%).
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
NORAM DRILLING AS had an operating margin of −622.7% and an equity ratio of 89.0% in 2025, and ranks 373 of 583 in Olje og gass.
From 2024 to 2025: the operating margin fell from −589.1% to −622.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 34 MUSD and 116 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 34 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 116 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 11.0 times current assets.
Based on: Current ratio 0.09 (median 1.75).
- 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 −622.7% (median 1.7%).
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
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 | 28 | weight 30% |
|---|---|---|
| Solidity | 72 | weight 25% |
| Liquidity | 8 | weight 15% |
| Growth | 48 | weight 15% |
| Consistency | 49 | weight 15% |
Durability: 42 (average over 3 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 −622.7% in 2025, against a median of 1.7% among small companies in the same sector. Return on assets was 2.1%.
How solid is NORAM DRILLING AS?
The equity ratio was 89.0% in 2025 (median 53.5%). Debt-to-equity was 0.12 (median 0.43).
What is the liquidity of NORAM DRILLING AS like?
The current ratio was 0.09 in 2025 (median 1.75). Current assets did not cover current liabilities.
How does NORAM DRILLING AS compare in Olje og gass?
NORAM DRILLING AS ranks 373 of 583 in Olje og gass for 2025. Among companies of the same size (small companies) it ranks 203 of 330. Revenue changed by 0.0% from the year before.
Group accounts · 2025
61 of 100
Rank 257 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 (2025) |
|---|---|---|
| Operating margin | 13.7% | −622.7% |
| Return on assets | 18.9% | 2.1% |
| Equity ratio | 67.6% | 89.0% |
| Current ratio | 1.12 | 0.09 |
| Revenue growth | −1.9% | 0.0% |
Group index in earlier years: 2023: 66 (270 of 1079), 2024: 50 (468 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).
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)
- Size tier
- small
- 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 106–282 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 | 41 | 42 | 42 | |
| Rank | 361 | 379 | 373 | |
| 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). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (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 | 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 7209890.
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