Nordic American Tankers (NAT) Financials

$5.96 +0.22 (+3.76%)

Closing price 03:59 PM Eastern

Extended Trading

$5.98 +0.02 (+0.32%)

As of 05:51 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	115	-4.46	-205	-95	-10	50	-171	15	99	47	12
Consolidated Net Income / (Loss)	115	-4.46	-205	-95	-10	50	-171	15	99	47	12
Net Income / (Loss) Continuing Operations	117	-4.46	-205	-95	-10	50	-171	15	99	47	12
Total Pre-Tax Income	117	42	-196	-88	-10	50	-171	15	99	47	12
Total Operating Income	128	53	-176	-39	32	81	-144	42	128	77	46
Total Gross Profit	287	231	155	124	175	234	63	169	262	225	182
Total Revenue	446	357	297	289	317	355	191	339	392	350	292
Operating Revenue	446	357	297	289	317	355	191	339	392	350	292
Total Cost of Revenue	159	126	142	165	142	121	128	171	130	125	110
Operating Cost of Revenue	159	126	142	165	142	121	128	171	130	125	110
Total Operating Expenses	159	178	330	163	143	152	207	127	134	148	135
Selling, General & Admin Expense	76	93	100	93	80	84	83	82	83	92	95
Depreciation Expense	83	91	101	61	64	68	68	50	51	56	58
Other Operating Expenses / (Income)	-	-	-	-	0.00	0.00	-4.68	-	0.00	0.00	-0.73
Other Special Charges / (Income)	0.00	-5.33	0.00	6.62	-	0.00	0.00	-6.01	0.00	0.00	-17
Total Other Income / (Expense), net	-11	-11	-21	-49	-42	-31	-27	-27	-29	-31	-34
Interest Expense	11	11	20	35	38	31	26	27	30	31	36
Interest & Investment Income	0.11	0.22	0.35	0.33	0.30	0.10	0.00	0.27	1.30	0.73	1.61
Other Income / (Expense), net	-0.17	-0.10	-0.64	-15	-4.16	0.26	-0.43	0.05	0.14	-0.67	0.12
Income Tax Expense	0.10	0.10	0.08	0.08	0.07	0.06	0.06	0.02	0.12	-0.01	0.05
Basic Earnings per Share	$1.29	($0.05)	($1.97)	($0.67)	($0.07)	$0.34	($1.05)	$0.07	$0.47	$0.22	$0.06
Weighted Average Basic Shares Outstanding	89.18M	92.53M	103.83M	141.97M	142.57M	149.29M	162.55M	202.03M	208.80M	209.23M	211.75M
Diluted Earnings per Share	$1.29	($0.05)	($1.97)	($0.67)	($0.07)	$0.34	($1.05)	$0.07	$0.47	$0.22	$0.06
Weighted Average Diluted Shares Outstanding	89.18M	92.53M	103.83M	141.97M	142.57M	149.29M	162.55M	202.03M	208.81M	209.90M	211.75M
Weighted Average Basic & Diluted Shares Outstanding	89.18M	92.53M	103.83M	141.97M	142.57M	151.45M	183.69M	208.80M	208.80M	211.75M	211.75M
Cash Dividends to Common per Share	$1.38	$1.37	$0.53	$0.07	$0.10	-	-	-	-	$0.40	$0.36

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Net Change in Cash & Equivalents	-66	52	-34	-9.08	12	0.39	-17	19	-30	10	1.12
Net Cash From Operating Activities	174	128	32	-16	53	111	-44	24	139	128	20
Net Cash From Continuing Operating Activities	174	128	32	-16	53	111	-44	24	139	128	20
Net Income / (Loss) Continuing Operations	115	-4.46	-205	-95	-10	50	-171	15	99	47	12
Consolidated Net Income / (Loss)	115	-4.46	-205	-95	-10	50	-171	15	99	47	12
Depreciation Expense	83	91	101	61	64	68	68	50	51	56	58
Amortization Expense	1.24	1.38	1.39	15	4.29	4.35	2.99	3.59	1.45	0.85	0.75
Non-Cash Adjustments To Reconcile Net Income	-8.34	33	141	5.76	-9.93	-21	54	-27	-7.44	-0.62	-34
Changes in Operating Assets and Liabilities, net	-16	6.88	-6.44	-2.60	4.88	10	1.70	-18	-4.67	25	-17
Net Cash From Investing Activities	-192	-187	-47	85	-2.32	-17	-3.47	-14	-74	-2.62	-88
Net Cash From Continuing Investing Activities	-192	-187	-47	85	-2.32	-17	-3.47	-14	-74	-2.62	-88
Purchase of Property, Plant & Equipment	-0.10	-0.09	0.00	-0.06	0.00	-11	-14	-90	-0.14	-1.75	0.00
Acquisitions	-123	-138	-38	-4.81	-2.53	-6.85	-3.87	-5.12	-74	-0.87	-134
Divestitures	-	0.00	0.00	90	0.00	0.00	14	81	0.00	0.00	47
Net Cash From Financing Activities	-48	111	-19	-78	-38	-93	31	9.01	-96	-115	69
Net Cash From Continuing Financing Activities	-48	111	-19	-78	-38	-93	31	9.01	-96	-115	69
Repayment of Debt	-4.64	-0.13	-68	-78	-335	-68	-40	-94	-45	-12	-11
Repurchase of Common Equity	-	-	-	-	-	-	-	0.00	0.00	-3.55	0.00
Payment of Dividends	-123	-126	-54	-9.94	-14	-67	-9.70	-23	-90	-88	-85
Issuance of Debt	80	117	0.00	0.00	300	29	-	-	0.00	0.00	191
Issuance of Common Equity	0.00	120	104	0.00	18	21	80	49	0.00	8.93	0.00
Other Financing Activities, net	-	0.00	0.00	10	-7.27	-7.63	0.00	77	39	-21	-26
Cash Interest Paid	9.37	9.84	19	32	36	27	23	23	29	30	35
Cash Income Taxes Paid	0.05	0.10	0.10	0.08	0.08	0.07	0.06	0.06	0.02	0.01	0.03

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
Total Assets	1,239	1,350	1,141	1,071	1,031	974	851	880	879	818	902
Total Current Assets	118	164	127	113	129	100	107	143	109	99	151
Cash & Equivalents	30	82	58	49	49	58	35	60	31	39	46
Restricted Cash	-	-	-	0.00	13	4.22	9.91	3.72	2.28	5.21	0.00
Accounts Receivable	66	54	38	38	38	11	20	44	37	23	37
Inventories, net	15	21	23	20	22	19	21	25	31	22	20
Prepaid Expenses	4.37	4.48	3.38	3.83	3.38	5.48	4.85	5.98	4.32	6.23	8.40
Other Current Assets	3.13	2.49	4.38	1.83	3.34	1.57	1.92	3.48	2.58	3.44	40
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	1,121	1,186	1,014	958	902	875	744	737	770	719	751
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	1.21	0.58	0.98	0.74
Other Noncurrent Operating Assets	1,037	1,151	1,002	954	902	875	744	736	770	718	751
Total Liabilities & Shareholders' Equity	1,239	1,350	1,141	1,071	1,031	974	851	880	879	818	902
Total Liabilities	358	479	430	469	435	375	353	340	341	309	457
Total Current Liabilities	21	22	25	36	59	40	68	72	70	60	67
Short-Term Debt	-	-	0.00	19	24	22	38	40	32	22	35
Accounts Payable	4.25	4.29	3.22	3.58	8.41	4.10	6.55	6.96	3.45	4.26	2.53
Accrued Expenses	17	17	11	5.06	12	5.25	15	11	12	12	15
Dividends Payable	-	-	-	-	-	-	-	0.00	13	8.47	0.00
Current Deferred Revenue	-	-	-	-	-	-	-	-	3.95	5.63	3.84
Other Current Liabilities	-	-	11	8.96	16	8.23	8.56	14	6.91	7.57	10
Total Noncurrent Liabilities	338	457	405	433	376	336	285	267	270	249	389
Long-Term Debt	325	443	389	418	375	335	283	266	270	248	389
Other Noncurrent Operating Liabilities	-	-	-	0.00	0.93	0.73	1.87	0.62	0.72	0.85	0.48
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	881	871	711	602	595	599	498	540	538	509	446
Total Preferred & Common Equity	881	871	711	602	595	599	498	540	538	509	446
Total Common Equity	881	871	711	602	595	599	498	540	538	509	446
Common Stock	116	236	125	125	40	61	141	191	193	200	200
Retained Earnings	0.00	-4.46	-209	-309	-10	0.00	-171	-156	-58	-11	1.40
Accumulated Other Comprehensive Income / (Loss)	-0.97	-1.04	-1.19	-1.32	-1.40	-1.32	-1.58	-1.81	-2.09	-1.82	-1.16
Other Equity Adjustments	766	640	797	787	567	540	530	507	405	321	245

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	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	12/31/2025
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	211,750,663.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	211,750,663.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.43%	-19.81%	-16.87%	-2.73%	9.76%	11.79%	-46.12%	77.60%	15.43%	-10.71%	-16.60%
EBITDA Growth	167.58%	-31.29%	-151.04%	130.56%	323.20%	59.96%	-147.86%	230.42%	88.56%	-26.11%	-21.47%
EBIT Growth	4,992.01%	-58.38%	-431.19%	69.75%	152.13%	192.98%	-277.82%	128.93%	205.46%	-40.14%	-39.38%
NOPAT Growth	3,929.11%	-58.42%	-331.12%	78.02%	182.79%	262.49%	-224.65%	141.34%	205.56%	-39.46%	-40.30%
Net Income Growth	970.63%	-103.89%	-4,499.84%	53.50%	89.14%	583.32%	-442.43%	108.81%	553.67%	-52.75%	-73.69%
EPS Growth	960.00%	-103.88%	-3,840.00%	65.99%	89.55%	585.71%	-408.82%	106.67%	571.43%	-53.19%	-72.73%
Operating Cash Flow Growth	225.23%	-26.72%	-75.16%	-150.73%	428.25%	109.89%	-140.07%	154.28%	477.79%	-8.09%	-84.53%
Free Cash Flow Firm Growth	-50.03%	-700.97%	222.09%	-72.39%	335.97%	57.80%	-72.26%	-45.19%	407.17%	67.31%	-122.78%
Invested Capital Growth	13.77%	9.42%	-15.29%	-4.31%	-5.40%	-4.09%	-15.01%	3.12%	4.57%	-9.34%	10.93%
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	64.41%	64.75%	52.05%	42.91%	55.31%	65.85%	32.87%	49.75%	66.94%	64.36%	62.33%
EBITDA Margin	47.51%	40.71%	-25.00%	7.85%	30.28%	43.33%	-38.49%	28.27%	46.18%	38.21%	35.98%
Operating Margin	28.74%	14.92%	-59.13%	-13.36%	10.08%	22.91%	-75.61%	12.34%	32.65%	22.11%	15.89%
EBIT Margin	28.70%	14.90%	-59.34%	-18.46%	8.77%	22.98%	-75.83%	12.35%	32.69%	21.91%	15.93%
Profit (Net Income) Margin	25.72%	-1.25%	-68.98%	-32.98%	-3.26%	14.11%	-89.67%	4.45%	25.20%	13.34%	4.21%
Tax Burden Percent	97.82%	-10.54%	104.34%	108.85%	100.69%	99.87%	100.03%	99.85%	99.88%	100.02%	99.61%
Interest Burden Percent	91.60%	79.42%	111.41%	164.14%	-36.97%	61.48%	118.20%	36.08%	77.20%	60.85%	26.51%
Effective Tax Rate	0.08%	0.24%	0.00%	0.00%	0.00%	0.13%	0.00%	0.15%	0.12%	-0.02%	0.39%
Return on Invested Capital (ROIC)	12.27%	4.58%	-10.96%	-2.68%	2.34%	8.89%	-12.23%	5.42%	15.94%	9.90%	5.89%
ROIC Less NNEP Spread (ROIC-NNEP)	4.02%	-15.52%	-35.71%	-22.15%	-6.76%	-0.97%	-37.49%	-5.16%	4.87%	-2.02%	-5.18%
Return on Net Nonoperating Assets (RNNOA)	0.74%	-5.08%	-14.95%	-11.83%	-4.06%	-0.51%	-18.99%	-2.51%	2.37%	-0.99%	-3.32%
Return on Equity (ROE)	13.01%	-0.51%	-25.91%	-14.52%	-1.73%	8.38%	-31.23%	2.91%	18.31%	8.91%	2.57%
Cash Return on Invested Capital (CROIC)	-0.62%	-4.42%	5.59%	1.72%	7.88%	13.06%	4.00%	2.35%	11.47%	19.70%	-4.47%
Operating Return on Assets (OROA)	10.62%	4.11%	-14.16%	-4.82%	2.65%	8.13%	-15.87%	4.84%	14.56%	9.03%	5.40%
Return on Assets (ROA)	9.52%	-0.34%	-16.46%	-8.62%	-0.99%	4.99%	-18.77%	1.74%	11.22%	5.50%	1.43%
Return on Common Equity (ROCE)	13.01%	-0.51%	-25.91%	-14.52%	-1.73%	8.38%	-31.23%	2.91%	18.31%	8.91%	2.57%
Return on Equity Simple (ROE_SIMPLE)	13.02%	-0.51%	-28.83%	-15.83%	-1.74%	8.35%	-34.39%	2.80%	18.34%	9.17%	0.00%
Net Operating Profit after Tax (NOPAT)	128	53	-123	-27	22	81	-101	42	128	77	46
NOPAT Margin	28.71%	14.89%	-41.39%	-9.35%	7.05%	22.88%	-52.92%	12.32%	32.61%	22.11%	15.83%
Net Nonoperating Expense Percent (NNEP)	8.25%	20.10%	24.75%	19.47%	9.10%	9.85%	25.25%	10.58%	11.08%	11.93%	11.08%
Return On Investment Capital (ROIC_SIMPLE)	10.62%	4.05%	-11.18%	-2.60%	2.25%	8.49%	-12.34%	4.94%	15.21%	9.93%	5.31%
Cost of Revenue to Revenue	35.59%	35.25%	47.95%	57.09%	44.69%	34.15%	67.13%	50.25%	33.06%	35.64%	37.67%
SG&A Expenses to Revenue	17.14%	25.90%	33.73%	32.23%	25.07%	23.82%	43.59%	24.23%	21.16%	26.20%	32.60%
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	35.67%	49.83%	111.18%	56.27%	45.23%	42.95%	108.48%	37.41%	34.29%	42.26%	46.44%
Earnings before Interest and Taxes (EBIT)	128	53	-176	-53	28	81	-145	42	128	77	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	212	146	-74	23	96	154	-74	96	181	134	105
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.77	0.47	0.21	0.29	0.76	0.53	0.38	0.80	1.43	1.00	1.59
Price to Tangible Book Value (P/TBV)	0.78	0.48	0.21	0.29	0.76	0.53	0.38	0.80	1.43	1.00	1.59
Price to Revenue (P/Rev)	1.52	1.14	0.49	0.61	1.43	0.89	1.00	1.28	1.96	1.46	2.42
Price to Earnings (P/E)	5.89	0.00	0.00	0.00	0.00	6.32	0.00	28.70	7.78	10.92	57.57
Dividend Yield	18.22%	30.06%	36.78%	12.85%	3.13%	20.97%	4.78%	4.66%	13.33%	16.39%	11.99%
Earnings Yield	16.97%	0.00%	0.00%	0.00%	0.00%	15.84%	0.00%	3.48%	12.86%	9.15%	1.74%
Enterprise Value to Invested Capital (EV/IC)	0.82	0.62	0.45	0.57	0.85	0.68	0.61	0.86	1.26	0.99	1.32
Enterprise Value to Revenue (EV/Rev)	2.03	2.10	1.57	1.94	2.49	1.72	2.44	1.99	2.64	2.10	3.72
Enterprise Value to EBITDA (EV/EBITDA)	4.28	5.16	0.00	24.66	8.22	3.97	0.00	7.05	5.73	5.50	10.34
Enterprise Value to EBIT (EV/EBIT)	7.08	14.10	0.00	0.00	28.40	7.49	0.00	16.15	8.09	9.59	23.35
Enterprise Value to NOPAT (EV/NOPAT)	7.07	14.11	0.00	0.00	35.30	7.53	0.00	16.19	8.11	9.50	23.50
Enterprise Value to Operating Cash Flow (EV/OCF)	5.19	5.87	14.66	0.00	14.94	5.50	0.00	28.04	7.43	5.73	54.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	7.41	32.30	10.46	5.12	14.11	37.34	11.27	4.78	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.51	0.55	0.73	0.67	0.60	0.64	0.57	0.56	0.53	0.95
Long-Term Debt to Equity	0.37	0.51	0.55	0.69	0.63	0.56	0.57	0.49	0.50	0.49	0.87
Financial Leverage	0.18	0.33	0.42	0.53	0.60	0.53	0.51	0.49	0.49	0.49	0.64
Leverage Ratio	1.37	1.48	1.57	1.68	1.76	1.68	1.66	1.67	1.63	1.62	1.80
Compound Leverage Factor	1.25	1.17	1.75	2.77	-0.65	1.03	1.97	0.60	1.26	0.99	0.48
Debt to Total Capital	26.93%	33.70%	35.35%	42.03%	40.12%	37.32%	39.18%	36.21%	35.91%	34.64%	48.77%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.80%	2.37%	2.31%	4.58%	4.69%	3.80%	2.77%	4.07%
Long-Term Debt to Total Capital	26.93%	33.70%	35.35%	40.23%	37.75%	35.01%	34.60%	31.52%	32.11%	31.87%	44.70%
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	73.07%	66.30%	64.65%	57.97%	59.88%	62.68%	60.82%	63.79%	64.09%	65.36%	51.23%
Debt to EBITDA	1.53	3.04	-5.24	19.23	4.15	2.32	-4.36	3.20	1.67	2.02	4.04
Net Debt to EBITDA	1.09	2.36	-4.29	16.87	3.50	1.92	-3.76	2.54	1.48	1.69	3.60
Long-Term Debt to EBITDA	1.53	3.04	-5.24	18.41	3.91	2.18	-3.85	2.78	1.49	1.86	3.70
Debt to NOPAT	2.54	8.32	-3.16	-16.15	17.82	4.40	-3.17	7.33	2.36	3.49	9.19
Net Debt to NOPAT	1.80	6.47	-2.59	-14.17	15.03	3.63	-2.73	5.82	2.10	2.91	8.19
Long-Term Debt to NOPAT	2.54	8.32	-3.16	-15.46	16.77	4.12	-2.80	6.38	2.11	3.21	8.42
Altman Z-Score	1.93	1.03	-0.19	0.01	1.09	1.22	-0.24	1.16	2.24	1.77	1.53
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	5.67	7.61	5.01	3.11	2.19	2.51	1.58	1.97	1.55	1.65	2.24
Quick Ratio	4.59	6.31	3.80	2.40	1.48	1.73	0.81	1.44	0.97	1.04	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.42	-51	63	17	76	119	33	18	92	154	-35
Operating Cash Flow to CapEx	0.00%	146,880.46%	0.00%	-26,838.33%	0.00%	987.66%	-320.79%	26.73%	96,836.81%	7,323.31%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.59	-4.60	3.07	0.50	1.97	3.79	1.25	0.67	3.01	5.00	-0.98
Operating Cash Flow to Interest Expense	16.07	11.44	1.55	-0.47	1.38	3.52	-1.69	0.89	4.57	4.17	0.55
Operating Cash Flow Less CapEx to Interest Expense	16.09	11.43	1.55	-0.47	1.38	3.17	-2.21	-2.45	4.57	4.11	0.55
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.37	0.28	0.24	0.26	0.30	0.35	0.21	0.39	0.45	0.41	0.34
Accounts Receivable Turnover	7.96	5.98	6.50	7.66	8.42	14.56	12.39	10.55	9.56	11.61	9.82
Inventory Turnover	8.56	7.05	6.48	7.61	6.63	5.78	6.37	7.37	4.58	4.69	5.25
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	29.08	29.50	37.93	48.58	23.67	19.37	24.08	25.24	24.89	32.36	32.39
Days Sales Outstanding (DSO)	45.84	61.08	56.17	47.64	43.36	25.06	29.47	34.60	38.18	31.44	37.16
Days Inventory Outstanding (DIO)	42.64	51.76	56.33	47.97	55.05	63.12	57.31	49.56	79.78	77.77	69.53
Days Payable Outstanding (DPO)	12.55	12.37	9.62	7.51	15.42	18.85	15.15	14.46	14.66	11.28	11.27
Cash Conversion Cycle (CCC)	75.92	100.46	102.88	88.10	83.00	69.34	71.63	69.69	103.29	97.93	95.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,111	1,215	1,029	985	932	894	760	783	819	743	824
Invested Capital Turnover	0.43	0.31	0.26	0.29	0.33	0.39	0.23	0.44	0.49	0.45	0.37
Increase / (Decrease) in Invested Capital	134	105	-186	-44	-53	-38	-134	24	36	-76	81
Enterprise Value (EV)	905	751	465	560	790	611	466	677	1,036	735	1,085
Market Capitalization	676	406	147	177	454	316	190	433	768	510	706
Book Value per Share	$9.88	$9.77	$6.97	$4.24	$4.19	$4.07	$3.29	$2.94	$2.58	$2.44	$2.10
Tangible Book Value per Share	$9.66	$9.55	$6.97	$4.24	$4.19	$4.07	$3.29	$2.94	$2.58	$2.44	$2.10
Total Capital	1,205	1,314	1,100	1,039	994	956	819	847	840	779	870
Total Debt	325	443	389	437	399	357	321	307	302	270	424
Total Long-Term Debt	325	443	389	418	375	335	283	267	270	248	389
Net Debt	230	344	318	383	336	295	276	243	268	225	378
Capital Expenditures (CapEx)	-0.23	0.09	0.00	0.06	0.00	11	14	90	0.14	1.75	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	67	60	43	46	31	20	32	47	37	16	73
Debt-free Net Working Capital (DFNWC)	97	142	102	95	94	82	77	110	70	61	119
Net Working Capital (NWC)	97	142	102	77	70	60	39	70	38	39	83
Net Nonoperating Expense (NNE)	13	58	82	68	33	31	70	27	29	31	34
Net Nonoperating Obligations (NNO)	230	344	318	383	336	295	261	243	281	234	378
Total Depreciation and Amortization (D&A)	84	92	102	76	68	72	71	54	53	57	58
Debt-free, Cash-free Net Working Capital to Revenue	15.13%	16.79%	14.57%	15.92%	9.90%	5.60%	16.94%	13.75%	9.44%	4.62%	25.02%
Debt-free Net Working Capital to Revenue	21.83%	39.78%	34.21%	32.99%	29.59%	23.11%	40.30%	32.40%	17.96%	17.31%	40.75%
Net Working Capital to Revenue	21.83%	39.78%	34.21%	26.52%	22.18%	16.88%	20.65%	20.70%	9.81%	11.15%	28.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.29	$0.00	($1.97)	($0.67)	($0.07)	$0.34	($1.05)	$0.07	$0.47	$0.22	$0.06
Adjusted Weighted Average Basic Shares Outstanding	89.18M	0.00	141.97M	141.97M	147.23M	149.29M	162.55M	202.03M	208.80M	209.23M	211.75M
Adjusted Diluted Earnings per Share	$1.29	$0.00	($1.97)	($0.67)	($0.07)	$0.34	($1.05)	$0.07	$0.47	$0.22	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	89.18M	0.00	141.97M	141.97M	147.23M	149.29M	162.55M	202.03M	208.81M	209.90M	211.75M
Adjusted Basic & Diluted Earnings per Share	$1.29	$0.00	($1.97)	($0.67)	($0.07)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	89.18M	0.00	103.83M	141.97M	142.57M	151.45M	183.69M	208.80M	208.80M	211.75M	211.75M
Normalized Net Operating Profit after Tax (NOPAT)	128	48	-32	-21	22	81	-59	36	128	54	30
Normalized NOPAT Margin	28.71%	13.40%	-10.89%	-7.22%	7.05%	22.88%	-30.83%	10.64%	32.61%	15.47%	10.15%
Pre Tax Income Margin	26.29%	11.83%	-66.11%	-30.30%	-3.24%	14.13%	-89.63%	4.46%	25.23%	13.33%	4.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.79	4.77	-8.62	-1.54	0.72	2.59	-5.49	1.55	4.20	2.49	1.30
NOPAT to Interest Expense	11.79	4.76	-6.01	-0.78	0.58	2.58	-3.83	1.55	4.19	2.52	1.29
EBIT Less CapEx to Interest Expense	11.81	4.76	-8.62	-1.55	0.72	2.23	-6.02	-1.79	4.19	2.44	1.30
NOPAT Less CapEx to Interest Expense	11.81	4.76	-6.01	-0.78	0.58	2.22	-4.36	-1.79	4.18	2.46	1.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	107.37%	-2,819.79%	-26.46%	-10.43%	-137.70%	134.40%	-5.66%	150.20%	90.96%	188.01%	690.25%
Augmented Payout Ratio	107.37%	-2,819.79%	-26.46%	-10.43%	-137.70%	134.40%	-5.66%	150.20%	90.96%	195.62%	690.25%

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

Financials Breakdown Chart

Frequently Asked Questions About Nordic American Tankers' Financials

When does Nordic American Tankers' 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 2025 ended on December 31, 2025.

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 $12.27 million in 2025, falling from $114.63 million in 2015. The previous period was $46.64 million in 2024. Check out Nordic American Tankers' forecast to explore projected trends and price targets.

What is Nordic American Tankers' operating income?

Nordic American Tankers' total operating income in 2025 was $46.35 million, based on the following breakdown:

Total Gross Profit: $181.81 million
Total Operating Expenses: $135.47 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 $445.74 million in 2015 to $291.69 million in 2025, a change of -34.6%.

How much debt does Nordic American Tankers have?

Nordic American Tankers' total liabilities were at $456.64 million at the end of 2025, a 47.9% increase from 2024, and a 27.4% increase since 2015.

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 $82.17 million in 2016, and is currently $45.86 million as of their latest financial filing in 2025.

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 9.88 in 2015 to 2.10 in 2025, a change of -78.7%.

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Financial statements for NYSE:NAT last updated on 5/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Nordic American Tankers (NAT) Financials

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Nordic American Tankers (NAT) Financials

Annual Income Statements for Nordic American Tankers

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