Nordic American Tankers (NAT) Financials

$2.66 +0.07 (+2.50%)

Closing price 05/5/2025 03:59 PM Eastern

Extended Trading

$2.68 +0.01 (+0.38%)

As of 04:14 AM 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-13	115	-4.46	-205	-95	-10	50	-171	15	99	47
Consolidated Net Income / (Loss)	-13	115	-4.46	-205	-95	-10	50	-171	15	99	47
Net Income / (Loss) Continuing Operations	-15	117	-4.46	-205	-95	-10	50	-171	15	99	47
Total Pre-Tax Income	-15	117	42	-196	-88	-10	50	-171	15	99	47
Total Operating Income	-4.78	128	53	-176	-39	32	81	-144	42	128	77
Total Gross Profit	153	287	231	155	124	175	234	63	169	262	225
Total Revenue	353	446	357	297	289	317	355	191	339	392	350
Operating Revenue	353	446	357	297	289	317	355	191	339	392	350
Total Cost of Revenue	199	159	126	142	165	142	121	128	171	130	125
Operating Cost of Revenue	199	159	126	142	165	142	121	128	171	130	125
Total Operating Expenses	158	159	178	330	163	143	152	207	127	134	148
Selling, General & Admin Expense	77	76	93	100	93	80	84	83	82	83	92
Depreciation Expense	81	83	91	101	61	64	68	68	50	51	56
Impairment Charge	-	0.00	0.00	129	2.17	0.00	0.00	60	0.31	0.00	0.00
Other Special Charges / (Income)	0.00	0.00	-5.33	0.00	6.62	-	0.00	0.00	-6.01	0.00	0.00
Total Other Income / (Expense), net	-9.90	-11	-11	-21	-49	-42	-31	-27	-27	-29	-31
Interest Expense	12	11	11	20	35	38	31	26	27	30	31
Interest & Investment Income	0.18	0.11	0.22	0.35	0.33	0.30	0.10	0.00	0.27	1.30	0.73
Other Income / (Expense), net	2.16	-0.17	-0.10	-0.64	-15	-4.16	0.26	-0.43	0.05	0.14	-0.67
Income Tax Expense	0.05	0.10	0.10	0.08	0.08	0.07	0.06	0.06	0.02	0.12	-0.01
Basic Earnings per Share	($0.15)	$1.29	($0.05)	($1.97)	($0.67)	($0.07)	$0.34	($1.05)	$0.07	$0.47	$0.22
Weighted Average Basic Shares Outstanding	85.40M	89.18M	92.53M	103.83M	141.97M	142.57M	149.29M	162.55M	202.03M	208.80M	209.23M
Diluted Earnings per Share	($0.15)	$1.29	($0.05)	($1.97)	($0.67)	($0.07)	$0.34	($1.05)	$0.07	$0.47	$0.22
Weighted Average Diluted Shares Outstanding	85.40M	89.18M	92.53M	103.83M	141.97M	142.57M	149.29M	162.55M	202.03M	208.81M	209.90M
Weighted Average Basic & Diluted Shares Outstanding	85.40M	89.18M	92.53M	103.83M	141.97M	142.57M	151.45M	183.69M	208.80M	208.80M	211.75M
Cash Dividends to Common per Share	$0.61	$1.38	$1.37	$0.53	$0.07	$0.10	-	-	-	-	$0.40

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

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

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

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 financial year end?

According to the most recent income statement we have on file, Nordic American Tankers' fiscal year ends in December. Their fiscal 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. See where experts think Nordic American Tankers is headed by visiting Nordic American Tankers' forecast page.

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 5/6/2025 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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