Nordic American Tankers (NAT) Financials

$2.56 -0.10 (-3.58%)

Closing price 03:59 PM Eastern

Extended Trading

$2.58 +0.02 (+0.78%)

As of 07:18 PM Eastern

Annual Income Statements for Nordic American Tankers

This table shows Nordic American Tankers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	47	99	15	-171	50	-10	-95	-205	-4.46	115	-13
Consolidated Net Income / (Loss)	47	99	15	-171	50	-10	-95	-205	-4.46	115	-13
Net Income / (Loss) Continuing Operations	47	99	15	-171	50	-10	-95	-205	-4.46	117	-15
Total Pre-Tax Income	47	99	15	-171	50	-10	-88	-196	42	117	-15
Total Operating Income	77	128	42	-144	81	32	-39	-176	53	128	-4.78
Total Gross Profit	225	262	169	63	234	175	124	155	231	287	153
Total Revenue	350	392	339	191	355	317	289	297	357	446	353
Operating Revenue	350	392	339	191	355	317	289	297	357	446	353
Total Cost of Revenue	125	130	171	128	121	142	165	142	126	159	199
Operating Cost of Revenue	125	130	171	128	121	142	165	142	126	159	199
Total Operating Expenses	148	134	127	207	152	143	163	330	178	159	158
Selling, General & Admin Expense	92	83	82	83	84	80	93	100	93	76	77
Depreciation Expense	56	51	50	68	68	64	61	101	91	83	81
Impairment Charge	0.00	0.00	0.31	60	0.00	0.00	2.17	129	0.00	0.00	-
Other Special Charges / (Income)	0.00	0.00	-6.01	0.00	0.00	-	6.62	0.00	-5.33	0.00	0.00
Total Other Income / (Expense), net	-31	-29	-27	-27	-31	-42	-49	-21	-11	-11	-9.90
Interest Expense	31	30	27	26	31	38	35	20	11	11	12
Interest & Investment Income	0.73	1.30	0.27	0.00	0.10	0.30	0.33	0.35	0.22	0.11	0.18
Other Income / (Expense), net	-0.67	0.14	0.05	-0.43	0.26	-4.16	-15	-0.64	-0.10	-0.17	2.16
Income Tax Expense	-0.01	0.12	0.02	0.06	0.06	0.07	0.08	0.08	0.10	0.10	0.05
Basic Earnings per Share	$0.22	$0.47	$0.07	($1.05)	$0.34	($0.07)	($0.67)	($1.97)	($0.05)	$1.29	($0.15)
Weighted Average Basic Shares Outstanding	209.23M	208.80M	202.03M	162.55M	149.29M	142.57M	141.97M	103.83M	92.53M	89.18M	85.40M
Diluted Earnings per Share	$0.22	$0.47	$0.07	($1.05)	$0.34	($0.07)	($0.67)	($1.97)	($0.05)	$1.29	($0.15)
Weighted Average Diluted Shares Outstanding	209.90M	208.81M	202.03M	162.55M	149.29M	142.57M	141.97M	103.83M	92.53M	89.18M	85.40M
Weighted Average Basic & Diluted Shares Outstanding	211.75M	208.80M	208.80M	183.69M	151.45M	142.57M	141.97M	103.83M	92.53M	89.18M	85.40M
Cash Dividends to Common per Share	$0.40	-	-	-	-	$0.10	$0.07	$0.53	$1.37	$1.38	$0.61

No quarterly income statements for Nordic American Tankers are available.

This table details how cash moves in and out of Nordic American Tankers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	10	-30	19	-17	0.39	12	-9.08	-34	52	-66	35
Net Cash From Operating Activities	128	139	24	-44	111	53	-16	32	128	174	54
Net Cash From Continuing Operating Activities	128	139	24	-44	111	53	-16	32	128	174	57
Net Income / (Loss) Continuing Operations	47	99	15	-171	50	-10	-95	-205	-4.46	115	-13
Consolidated Net Income / (Loss)	47	99	15	-171	50	-10	-95	-205	-4.46	115	-13
Depreciation Expense	56	51	50	68	68	64	61	101	91	83	81
Amortization Expense	0.85	1.45	3.59	2.99	4.35	4.29	15	1.39	1.38	1.24	1.23
Non-Cash Adjustments To Reconcile Net Income	-0.62	5.38	-13	54	-21	-9.93	5.76	141	33	-8.34	-5.54
Changes in Operating Assets and Liabilities, net	25	-17	-32	1.70	10	4.88	-2.60	-6.44	6.88	-16	-5.57
Net Cash From Investing Activities	-2.62	-74	-14	-3.47	-17	-2.32	85	-47	-187	-192	-82
Net Cash From Continuing Investing Activities	-2.62	-74	-14	-3.47	-17	-2.32	85	-47	-187	-192	-82
Purchase of Property, Plant & Equipment	-1.75	-0.14	-90	-14	-11	0.00	-0.06	0.00	-0.09	-0.10	-0.28
Acquisitions	-0.87	-74	-5.12	-3.87	-6.85	-2.53	-4.81	-38	-138	-123	-
Divestitures	0.00	0.00	81	14	0.00	0.00	90	0.00	0.00	-	-
Net Cash From Financing Activities	-115	-96	9.01	31	-93	-38	-78	-19	111	-48	59
Net Cash From Continuing Financing Activities	-115	-96	9.01	31	-93	-38	-78	-19	111	-48	59
Repayment of Debt	-12	-45	-94	-40	-68	-335	-78	-68	-0.13	-4.64	0.00
Repurchase of Common Equity	-3.55	-	-	-	-	-	-	-	-	-	-
Payment of Dividends	-88	-90	-23	-9.70	-67	-14	-9.94	-54	-126	-123	-54
Issuance of Common Equity	8.93	0.00	49	80	21	18	0.00	104	120	0.00	113
Other Financing Activities, net	-21	39	77	0.00	-7.63	-7.27	10	0.00	0.00	-	-
Cash Interest Paid	30	29	23	23	27	36	32	19	9.84	9.37	9.70
Cash Income Taxes Paid	0.01	0.02	0.06	0.06	0.07	0.08	0.08	0.10	0.10	0.05	0.09

No quarterly cash flow statements for Nordic American Tankers are available.

This table presents Nordic American Tankers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	818	879	880	851	974	1,031	1,071	1,141	1,350	1,239	1,169
Total Current Assets	99	109	143	107	100	129	113	127	164	118	176
Cash & Equivalents	39	31	60	35	58	49	49	58	82	30	101
Restricted Cash	5.21	2.28	3.72	9.91	4.22	13	0.00	-	-	-	-
Accounts Receivable	23	37	44	20	11	38	38	38	54	66	46
Inventories, net	22	31	25	21	19	22	20	23	21	15	22
Prepaid Expenses	6.23	4.32	5.98	4.85	5.48	3.38	3.83	3.38	4.48	4.37	5.51
Other Current Assets	3.44	2.58	3.48	1.92	1.57	3.34	1.83	4.38	2.49	3.13	2.03
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	719	770	737	744	875	902	958	1,014	1,186	1,121	993
Noncurrent Note & Lease Receivables	0.98	0.58	1.21	-	-	-	-	-	-	-	-
Other Noncurrent Operating Assets	718	770	736	744	875	902	954	1,002	1,151	1,037	918
Total Liabilities & Shareholders' Equity	818	879	880	851	974	1,031	1,071	1,141	1,350	1,239	1,169
Total Liabilities	309	341	340	353	375	435	469	430	479	358	287
Total Current Liabilities	60	70	72	68	40	59	36	25	22	21	24
Short-Term Debt	22	32	40	38	22	24	19	0.00	-	-	-
Accounts Payable	4.26	3.45	6.96	6.55	4.10	8.41	3.58	3.22	4.29	4.25	6.66
Accrued Expenses	12	12	11	15	5.25	12	5.06	11	17	17	17
Dividends Payable	8.47	13	0.00	-	-	-	-	-	-	-	-
Current Deferred Revenue	5.63	-	-	-	-	-	-	-	-	-	-
Other Current Liabilities	7.57	11	14	8.56	8.23	16	8.96	11	-	-	-
Total Noncurrent Liabilities	249	270	267	285	336	376	433	405	457	338	263
Long-Term Debt	248	270	266	283	335	375	418	389	443	325	250
Other Noncurrent Operating Liabilities	0.85	0.72	0.62	1.87	0.73	0.93	0.00	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	509	538	540	498	599	595	602	711	871	881	882
Total Preferred & Common Equity	509	538	540	498	599	595	602	711	871	881	882
Total Common Equity	509	538	540	498	599	595	602	711	871	881	882
Common Stock	200	193	191	141	61	40	125	125	236	116	115
Retained Earnings	-11	-58	-156	-171	0.00	-10	-309	-209	-4.46	0.00	-13
Accumulated Other Comprehensive Income / (Loss)	-1.82	-2.09	-1.81	-1.58	-1.32	-1.40	-1.32	-1.19	-1.04	-0.97	-8.03
Other Equity Adjustments	321	405	507	530	540	567	787	797	640	766	788

No quarterly balance sheets for Nordic American Tankers are available.

This table displays calculated financial ratios and metrics derived from Nordic American Tankers' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-10.71%	15.43%	77.60%	-46.12%	11.79%	9.76%	-2.73%	-16.87%	-19.81%	26.43%	44.69%
EBITDA Growth	-26.11%	88.56%	230.42%	-147.86%	59.96%	323.20%	130.56%	-151.04%	-31.29%	167.58%	530.22%
EBIT Growth	-40.14%	205.46%	128.93%	-277.82%	192.98%	152.13%	69.75%	-431.19%	-58.38%	4,992.01%	97.22%
NOPAT Growth	-39.46%	205.56%	141.34%	-224.65%	262.49%	182.79%	78.02%	-331.12%	-58.42%	3,929.11%	94.90%
Net Income Growth	-52.75%	553.67%	108.81%	-442.43%	583.32%	89.14%	53.50%	-4,499.84%	-103.89%	970.63%	87.51%
EPS Growth	-53.19%	571.43%	106.67%	-408.82%	585.71%	89.55%	65.99%	-3,840.00%	-103.88%	960.00%	90.85%
Operating Cash Flow Growth	-8.09%	477.79%	154.28%	-140.07%	109.89%	428.25%	-150.73%	-75.16%	-26.72%	225.23%	213.45%
Free Cash Flow Firm Growth	67.31%	407.17%	-45.19%	-72.26%	57.80%	335.97%	-72.39%	222.09%	-700.97%	-50.03%	88.55%
Invested Capital Growth	-9.34%	4.57%	3.12%	-15.01%	-4.09%	-5.40%	-4.31%	-15.29%	9.42%	13.77%	0.10%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.36%	66.94%	49.75%	32.87%	65.85%	55.31%	42.91%	52.05%	64.75%	64.41%	43.43%
EBITDA Margin	38.21%	46.18%	28.27%	-38.49%	43.33%	30.28%	7.85%	-25.00%	40.71%	47.51%	22.45%
Operating Margin	22.11%	32.65%	12.34%	-75.61%	22.91%	10.08%	-13.36%	-59.13%	14.92%	28.74%	-1.35%
EBIT Margin	21.91%	32.69%	12.35%	-75.83%	22.98%	8.77%	-18.46%	-59.34%	14.90%	28.70%	-0.74%
Profit (Net Income) Margin	13.34%	25.20%	4.45%	-89.67%	14.11%	-3.26%	-32.98%	-68.98%	-1.25%	25.72%	-3.73%
Tax Burden Percent	100.02%	99.88%	99.85%	100.03%	99.87%	100.69%	108.85%	104.34%	-10.54%	97.82%	89.70%
Interest Burden Percent	60.85%	77.20%	36.08%	118.20%	61.48%	-36.97%	164.14%	111.41%	79.42%	91.60%	561.30%
Effective Tax Rate	-0.02%	0.12%	0.15%	0.00%	0.13%	0.00%	0.00%	0.00%	0.24%	0.08%	0.00%
Return on Invested Capital (ROIC)	9.90%	15.94%	5.42%	-12.23%	8.89%	2.34%	-2.68%	-10.96%	4.58%	12.27%	-0.34%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.02%	4.87%	-5.16%	-37.49%	-0.97%	-6.76%	-22.15%	-35.71%	-15.52%	4.02%	-9.51%
Return on Net Nonoperating Assets (RNNOA)	-0.99%	2.37%	-2.51%	-18.99%	-0.51%	-4.06%	-11.83%	-14.95%	-5.08%	0.74%	-1.17%
Return on Equity (ROE)	8.91%	18.31%	2.91%	-31.23%	8.38%	-1.73%	-14.52%	-25.91%	-0.51%	13.01%	-1.52%
Cash Return on Invested Capital (CROIC)	19.70%	11.47%	2.35%	4.00%	13.06%	7.88%	1.72%	5.59%	-4.42%	-0.62%	-0.44%
Operating Return on Assets (OROA)	9.03%	14.56%	4.84%	-15.87%	8.13%	2.65%	-4.82%	-14.16%	4.11%	10.62%	-0.23%
Return on Assets (ROA)	5.50%	11.22%	1.74%	-18.77%	4.99%	-0.99%	-8.62%	-16.46%	-0.34%	9.52%	-1.14%
Return on Common Equity (ROCE)	8.91%	18.31%	2.91%	-31.23%	8.38%	-1.73%	-14.52%	-25.91%	-0.51%	13.01%	-1.52%
Return on Equity Simple (ROE_SIMPLE)	9.17%	18.34%	2.80%	-34.39%	8.35%	-1.74%	-15.83%	-28.83%	-0.51%	13.02%	-1.49%
Net Operating Profit after Tax (NOPAT)	77	128	42	-101	81	22	-27	-123	53	128	-3.34
NOPAT Margin	22.11%	32.61%	12.32%	-52.92%	22.88%	7.05%	-9.35%	-41.39%	14.89%	28.71%	-0.95%
Net Nonoperating Expense Percent (NNEP)	11.93%	11.08%	10.58%	25.25%	9.85%	9.10%	19.47%	24.75%	20.10%	8.25%	9.17%
Return On Investment Capital (ROIC_SIMPLE)	9.93%	15.21%	4.94%	-12.34%	8.49%	2.25%	-2.60%	-11.18%	4.05%	10.62%	-0.30%
Cost of Revenue to Revenue	35.64%	33.06%	50.25%	67.13%	34.15%	44.69%	57.09%	47.95%	35.25%	35.59%	56.57%
SG&A Expenses to Revenue	26.20%	21.16%	24.23%	43.59%	23.82%	25.07%	32.23%	33.73%	25.90%	17.14%	21.94%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	42.26%	34.29%	37.41%	108.48%	42.95%	45.23%	56.27%	111.18%	49.83%	35.67%	44.79%
Earnings before Interest and Taxes (EBIT)	77	128	42	-145	81	28	-53	-176	53	128	-2.62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	134	181	96	-74	154	96	23	-74	146	212	79
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.00	1.43	0.80	0.38	0.53	0.76	0.29	0.21	0.47	0.77	0.38
Price to Tangible Book Value (P/TBV)	1.00	1.43	0.80	0.38	0.53	0.76	0.29	0.21	0.48	0.78	0.39
Price to Revenue (P/Rev)	1.46	1.96	1.28	1.00	0.89	1.43	0.61	0.49	1.14	1.52	0.95
Price to Earnings (P/E)	10.92	7.78	28.70	0.00	6.32	0.00	0.00	0.00	0.00	5.89	0.00
Dividend Yield	16.39%	13.33%	4.66%	4.78%	20.97%	3.13%	12.85%	36.78%	30.06%	18.22%	20.94%
Earnings Yield	9.15%	12.86%	3.48%	0.00%	15.84%	0.00%	0.00%	0.00%	0.00%	16.97%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.99	1.26	0.86	0.61	0.68	0.85	0.57	0.45	0.62	0.82	0.44
Enterprise Value to Revenue (EV/Rev)	2.10	2.64	1.99	2.44	1.72	2.49	1.94	1.57	2.10	2.03	1.22
Enterprise Value to EBITDA (EV/EBITDA)	5.50	5.73	7.05	0.00	3.97	8.22	24.66	0.00	5.16	4.28	5.42
Enterprise Value to EBIT (EV/EBIT)	9.59	8.09	16.15	0.00	7.49	28.40	0.00	0.00	14.10	7.08	0.00
Enterprise Value to NOPAT (EV/NOPAT)	9.50	8.11	16.19	0.00	7.53	35.30	0.00	0.00	14.11	7.07	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	5.73	7.43	28.04	0.00	5.50	14.94	0.00	14.66	5.87	5.19	8.00
Enterprise Value to Free Cash Flow (EV/FCFF)	4.78	11.27	37.34	14.11	5.12	10.46	32.30	7.41	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.53	0.56	0.57	0.64	0.60	0.67	0.73	0.55	0.51	0.37	0.28
Long-Term Debt to Equity	0.49	0.50	0.49	0.57	0.56	0.63	0.69	0.55	0.51	0.37	0.28
Financial Leverage	0.49	0.49	0.49	0.51	0.53	0.60	0.53	0.42	0.33	0.18	0.12
Leverage Ratio	1.62	1.63	1.67	1.66	1.68	1.76	1.68	1.57	1.48	1.37	1.33
Compound Leverage Factor	0.99	1.26	0.60	1.97	1.03	-0.65	2.77	1.75	1.17	1.25	7.45
Debt to Total Capital	34.64%	35.91%	36.21%	39.18%	37.32%	40.12%	42.03%	35.35%	33.70%	26.93%	22.08%
Short-Term Debt to Total Capital	2.77%	3.80%	4.69%	4.58%	2.31%	2.37%	1.80%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	31.87%	32.11%	31.52%	34.60%	35.01%	37.75%	40.23%	35.35%	33.70%	26.93%	22.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	65.36%	64.09%	63.79%	60.82%	62.68%	59.88%	57.97%	64.65%	66.30%	73.07%	77.92%
Debt to EBITDA	2.02	1.67	3.20	-4.36	2.32	4.15	19.23	-5.24	3.04	1.53	3.16
Net Debt to EBITDA	1.69	1.48	2.54	-3.76	1.92	3.50	16.87	-4.29	2.36	1.09	1.19
Long-Term Debt to EBITDA	1.86	1.49	2.78	-3.85	2.18	3.91	18.41	-5.24	3.04	1.53	3.16
Debt to NOPAT	3.49	2.36	7.33	-3.17	4.40	17.82	-16.15	-3.16	8.32	2.54	-74.79
Net Debt to NOPAT	2.91	2.10	5.82	-2.73	3.63	15.03	-14.17	-2.59	6.47	1.80	-28.13
Long-Term Debt to NOPAT	3.21	2.11	6.38	-2.80	4.12	16.77	-15.46	-3.16	8.32	2.54	-74.79
Altman Z-Score	1.77	2.24	1.16	-0.24	1.22	1.09	0.01	-0.19	1.03	1.93	1.14
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.55	1.97	1.58	2.51	2.19	3.11	5.01	7.61	5.67	7.34
Quick Ratio	1.04	0.97	1.44	0.81	1.73	1.48	2.40	3.80	6.31	4.59	6.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	154	92	18	33	119	76	17	63	-51	-6.42	-4.28
Operating Cash Flow to CapEx	7,323.31%	96,836.81%	26.73%	-320.79%	987.66%	0.00%	-26,838.33%	0.00%	146,880.46%	0.00%	19,082.21%
Free Cash Flow to Firm to Interest Expense	5.00	3.01	0.67	1.25	3.79	1.97	0.50	3.07	-4.60	-0.59	-0.35
Operating Cash Flow to Interest Expense	4.17	4.57	0.89	-1.69	3.52	1.38	-0.47	1.55	11.44	16.07	4.38
Operating Cash Flow Less CapEx to Interest Expense	4.11	4.57	-2.45	-2.21	3.17	1.38	-0.47	1.55	11.43	16.09	4.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.41	0.45	0.39	0.21	0.35	0.30	0.26	0.24	0.28	0.37	0.31
Accounts Receivable Turnover	11.61	9.56	10.55	12.39	14.56	8.42	7.66	6.50	5.98	7.96	8.84
Inventory Turnover	4.69	4.58	7.37	6.37	5.78	6.63	7.61	6.48	7.05	8.56	8.58
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	32.36	24.89	25.24	24.08	19.37	23.67	48.58	37.93	29.50	29.08	30.42
Days Sales Outstanding (DSO)	31.44	38.18	34.60	29.47	25.06	43.36	47.64	56.17	61.08	45.84	41.28
Days Inventory Outstanding (DIO)	77.77	79.78	49.56	57.31	63.12	55.05	47.97	56.33	51.76	42.64	42.56
Days Payable Outstanding (DPO)	11.28	14.66	14.46	15.15	18.85	15.42	7.51	9.62	12.37	12.55	12.00
Cash Conversion Cycle (CCC)	97.93	103.29	69.69	71.63	69.34	83.00	88.10	102.88	100.46	75.92	71.84
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	743	819	783	760	894	932	985	1,029	1,215	1,111	976
Invested Capital Turnover	0.45	0.49	0.44	0.23	0.39	0.33	0.29	0.26	0.31	0.43	0.36
Increase / (Decrease) in Invested Capital	-76	36	24	-134	-38	-53	-44	-186	105	134	0.94
Enterprise Value (EV)	735	1,036	677	466	611	790	560	465	751	905	429
Market Capitalization	510	768	433	190	316	454	177	147	406	676	335
Book Value per Share	$2.44	$2.58	$2.94	$3.29	$4.07	$4.19	$4.24	$6.97	$9.77	$9.88	$11.70
Tangible Book Value per Share	$2.44	$2.58	$2.94	$3.29	$4.07	$4.19	$4.24	$6.97	$9.55	$9.66	$11.45
Total Capital	779	840	847	819	956	994	1,039	1,100	1,314	1,205	1,132
Total Debt	270	302	307	321	357	399	437	389	443	325	250
Total Long-Term Debt	248	270	267	283	335	375	418	389	443	325	250
Net Debt	225	268	243	276	295	336	383	318	344	230	94
Capital Expenditures (CapEx)	1.75	0.14	90	14	11	0.00	0.06	0.00	0.09	-0.23	0.28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	16	37	47	32	20	31	46	43	60	67	52
Debt-free Net Working Capital (DFNWC)	61	70	110	77	82	94	95	102	142	97	152
Net Working Capital (NWC)	39	38	70	39	60	70	77	102	142	97	152
Net Nonoperating Expense (NNE)	31	29	27	70	31	33	68	82	58	13	9.82
Net Nonoperating Obligations (NNO)	234	281	243	261	295	336	383	318	344	230	94
Total Depreciation and Amortization (D&A)	57	53	54	71	72	68	76	102	92	84	82
Debt-free, Cash-free Net Working Capital to Revenue	4.62%	9.44%	13.75%	16.94%	5.60%	9.90%	15.92%	14.57%	16.79%	15.13%	14.67%
Debt-free Net Working Capital to Revenue	17.31%	17.96%	32.40%	40.30%	23.11%	29.59%	32.99%	34.21%	39.78%	21.83%	43.25%
Net Working Capital to Revenue	11.15%	9.81%	20.70%	20.65%	16.88%	22.18%	26.52%	34.21%	39.78%	21.83%	43.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.47	$0.07	($1.05)	$0.34	($0.07)	($0.67)	($1.97)	$0.00	$1.29	($0.15)
Adjusted Weighted Average Basic Shares Outstanding	209.23M	208.80M	202.03M	162.55M	149.29M	147.23M	141.97M	141.97M	0.00	89.18M	89.18M
Adjusted Diluted Earnings per Share	$0.22	$0.47	$0.07	($1.05)	$0.34	($0.07)	($0.67)	($1.97)	$0.00	$1.29	($0.15)
Adjusted Weighted Average Diluted Shares Outstanding	209.90M	208.81M	202.03M	162.55M	149.29M	147.23M	141.97M	141.97M	0.00	89.18M	89.18M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	($0.07)	($0.67)	($1.97)	$0.00	$1.29	($0.15)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	211.75M	208.80M	208.80M	183.69M	151.45M	142.57M	141.97M	103.83M	0.00	89.18M	85.40M
Normalized Net Operating Profit after Tax (NOPAT)	54	128	36	-59	81	22	-21	-32	48	128	-3.34
Normalized NOPAT Margin	15.47%	32.61%	10.64%	-30.83%	22.88%	7.05%	-7.22%	-10.89%	13.40%	28.71%	-0.95%
Pre Tax Income Margin	13.33%	25.23%	4.46%	-89.63%	14.13%	-3.24%	-30.30%	-66.11%	11.83%	26.29%	-4.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.49	4.20	1.55	-5.49	2.59	0.72	-1.54	-8.62	4.77	11.79	-0.21
NOPAT to Interest Expense	2.52	4.19	1.55	-3.83	2.58	0.58	-0.78	-6.01	4.76	11.79	-0.27
EBIT Less CapEx to Interest Expense	2.44	4.19	-1.79	-6.02	2.23	0.72	-1.55	-8.62	4.76	11.81	-0.24
NOPAT Less CapEx to Interest Expense	2.46	4.18	-1.79	-4.36	2.22	0.58	-0.78	-6.01	4.76	11.81	-0.30
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	188.01%	90.96%	150.20%	-5.66%	134.40%	-137.70%	-10.43%	-26.46%	-2,819.79%	107.37%	-410.67%
Augmented Payout Ratio	195.62%	90.96%	150.20%	-5.66%	134.40%	-137.70%	-10.43%	-26.46%	-2,819.79%	107.37%	-410.67%

No quarterly metrics and ratios for Nordic American Tankers are available.

Frequently Asked Questions About Nordic American Tankers' Financials

When does Nordic American Tankers's fiscal year end?

According to the most recent income statement we have on file, Nordic American Tankers' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Nordic American Tankers' net income changed over the last 10 years?

Nordic American Tankers' net income appears to be on a downward trend, with a most recent value of $46.64 million in 2024, falling from -$13.17 million in 2014. The previous period was $98.71 million in 2023. View Nordic American Tankers' forecast to see where analysts expect Nordic American Tankers to go next.

What is Nordic American Tankers's operating income?

Nordic American Tankers's total operating income in 2024 was $77.31 million, based on the following breakdown:

Total Gross Profit: $225.10 million
Total Operating Expenses: $147.79 million

How has Nordic American Tankers revenue changed over the last 10 years?

Over the last 10 years, Nordic American Tankers' total revenue changed from $352.55 million in 2014 to $349.74 million in 2024, a change of -0.8%.

How much debt does Nordic American Tankers have?

Nordic American Tankers' total liabilities were at $308.77 million at the end of 2024, a 9.4% decrease from 2023, and a 7.6% increase since 2014.

How much cash does Nordic American Tankers have?

In the past 10 years, Nordic American Tankers' cash and equivalents has ranged from $29.89 million in 2015 to $100.74 million in 2014, and is currently $39.18 million as of their latest financial filing in 2024.

How has Nordic American Tankers' book value per share changed over the last 10 years?

Over the last 10 years, Nordic American Tankers' book value per share changed from 11.70 in 2014 to 2.44 in 2024, a change of -79.2%.

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This page (NYSE:NAT) was last updated on 5/29/2025 by MarketBeat.com Staff

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Nordic American Tankers (NAT) Financials

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Nordic American Tankers (NAT) Financials

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