Nordic American Tankers Balance Sheet Health
Financial Health criteria checks 4/6
Nordic American Tankers has a total shareholder equity of $538.3M and total debt of $301.6M, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are $879.2M and $340.9M respectively. Nordic American Tankers's EBIT is $127.9M making its interest coverage ratio 4.4. It has cash and short-term investments of $31.1M.
Key information
56.0%
Debt to equity ratio
US$301.60m
Debt
Interest coverage ratio | 4.4x |
Cash | US$31.08m |
Equity | US$538.30m |
Total liabilities | US$340.89m |
Total assets | US$879.20m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B3O's short term assets ($108.9M) exceed its short term liabilities ($70.5M).
Long Term Liabilities: B3O's short term assets ($108.9M) do not cover its long term liabilities ($270.4M).
Debt to Equity History and Analysis
Debt Level: B3O's net debt to equity ratio (50.3%) is considered high.
Reducing Debt: B3O's debt to equity ratio has reduced from 72.5% to 56% over the past 5 years.
Debt Coverage: B3O's debt is well covered by operating cash flow (46.2%).
Interest Coverage: B3O's interest payments on its debt are well covered by EBIT (4.4x coverage).