Nordic American Tankers Balance Sheet Health
Financial Health criteria checks 3/6
Nordic American Tankers has a total shareholder equity of $525.9M and total debt of $285.8M, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are $861.8M and $336.0M respectively. Nordic American Tankers's EBIT is $91.4M making its interest coverage ratio 3.1. It has cash and short-term investments of $40.8M.
Key information
54.3%
Debt to equity ratio
US$285.76m
Debt
| Interest coverage ratio | 3.1x |
| Cash | US$40.76m |
| Equity | US$525.85m |
| Total liabilities | US$335.96m |
| Total assets | US$861.81m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0UC0's short term assets ($117.5M) do not cover its short term liabilities ($147.8M).
Long Term Liabilities: 0UC0's short term assets ($117.5M) do not cover its long term liabilities ($188.1M).
Debt to Equity History and Analysis
Debt Level: 0UC0's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: 0UC0's debt to equity ratio has reduced from 70.2% to 54.3% over the past 5 years.
Debt Coverage: 0UC0's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 0UC0's interest payments on its debt are well covered by EBIT (3.1x coverage).