Northern Ocean Operating Margin vs. Total Debt
| NOL Stock | NOK 7.46 0.28 3.62% |
For Northern Ocean profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Northern Ocean to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Northern Ocean utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Northern Ocean's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Northern Ocean over time as well as its relative position and ranking within its peers.
Northern |
Northern Ocean Total Debt vs. Operating Margin Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Northern Ocean's current stock value. Our valuation model uses many indicators to compare Northern Ocean value to that of its competitors to determine the firm's financial worth. Northern Ocean is rated below average in operating margin category among its peers. It is rated below average in total debt category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Northern Ocean's earnings, one of the primary drivers of an investment's value.Northern Total Debt vs. Operating Margin
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Northern Ocean |
| = | (1.68) % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Northern Ocean |
| = | 459.53 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Northern Total Debt vs Competition
Northern Ocean is rated below average in total debt category among its peers. Total debt of Oil & Gas Drilling industry is now estimated at about 5.43 Billion. Northern Ocean holds roughly 459.53 Million in total debt claiming about 8% of all equities under Oil & Gas Drilling industry.
Northern Ocean Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Northern Ocean, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Northern Ocean will eventually generate negative long term returns. The profitability progress is the general direction of Northern Ocean's change in net profit over the period of time. It can combine multiple indicators of Northern Ocean, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Northern Ocean Ltd., together with its subsidiaries, provides offshore contract drilling services for the oil and gas industry worldwide. The company was incorporated in 2017 and is based in Hamilton, Bermuda. NORTHERN OCEAN is traded on Oslo Stock Exchange in Norway.
Northern Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Northern Ocean. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Northern Ocean position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Northern Ocean's important profitability drivers and their relationship over time.
Use Northern Ocean in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Northern Ocean position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Northern Ocean will appreciate offsetting losses from the drop in the long position's value.Northern Ocean Pair Trading
Northern Ocean Pair Trading Analysis
The ability to find closely correlated positions to Northern Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Northern Ocean when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Northern Ocean - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Northern Ocean to buy it.
The correlation of Northern Ocean is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Northern Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Northern Ocean moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Northern Ocean can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Northern Ocean position
In addition to having Northern Ocean in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Other Information on Investing in Northern Stock
To fully project Northern Ocean's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Northern Ocean at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Northern Ocean's income statement, its balance sheet, and the statement of cash flows.