Nordic American Tankers Limited

NYSE:NAT Stock Report

Market Cap: US$816.4m

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 ratio4.4x
CashUS$31.08m
EquityUS$538.30m
Total liabilitiesUS$340.89m
Total assetsUS$879.20m

Recent financial health updates

Recent updates

Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares

Feb 24
Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares

Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors

Feb 08

Nordic American Tankers - Prime Beneficiary Of Red Sea Chaos - Buy

Jan 02

A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)

Dec 16
A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)

Nordic American: Risk And Reward More Balanced; Downgrade To Hold

Dec 04

Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet

Oct 26
Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet

Nordic American Tankers: Seasonality Likely To Result In Lower Q3 Dividend - Hold

Sep 18

Insight Into Nordic American Tankers Q2-2023 Upcoming Earnings

Jul 31

Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

Jul 25
Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?

The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)

Apr 18
The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)

There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital

Mar 24
There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital

Is Nordic American Tankers (NYSE:NAT) A Risky Investment?

Mar 06
Is Nordic American Tankers (NYSE:NAT) A Risky Investment?

Nordic American Tankers Q4 2022 Earnings Preview

Feb 24

Nordic American Tankers: A Perfect Market To Dispose Of Old Vessels At Massive Gains

Feb 03

Rainbows and Unicorns: Nordic American Tankers Limited (NYSE:NAT) Analysts Just Became A Lot More Optimistic

Dec 03
Rainbows and Unicorns: Nordic American Tankers Limited (NYSE:NAT) Analysts Just Became A Lot More Optimistic

Nordic American Tankers (NYSE:NAT) Is Increasing Its Dividend To $0.05

Nov 13
Nordic American Tankers (NYSE:NAT) Is Increasing Its Dividend To $0.05

Nordic American Tankers boosts dividend by ~67% to $0.05/share

Nov 10

Nordic American Tankers goes ex-dividend tomorrow

Sep 13

Nordic American Tankers (NYSE:NAT) Is Paying Out A Larger Dividend Than Last Year

Sep 02
Nordic American Tankers (NYSE:NAT) Is Paying Out A Larger Dividend Than Last Year

Here's Why Nordic American Tankers (NYSE:NAT) Can Afford Some Debt

Aug 31
Here's Why Nordic American Tankers (NYSE:NAT) Can Afford Some Debt

Nordic American Tankers GAAP EPS of -$0.02 beats by $0.02, revenue of $34.75M beats by $4.57M

Aug 30

Nordic American Tankers: Tanker Markets Heating Up

Jul 20

Nordic American Tankers announces delivery of new vessels and long term contracts for two vessels

Jun 29

Nordic American Tankers: 'F' Earnings Rating

May 19

Nordic American Tankers: More Green Shoots Emerge Right As War Breaks Out

Mar 01

Is There An Opportunity With Nordic American Tankers Limited's (NYSE:NAT) 29% Undervaluation?

Feb 09
Is There An Opportunity With Nordic American Tankers Limited's (NYSE:NAT) 29% Undervaluation?

Nordic American Tankers: Green Shoots Overshadowed By New Omicron Risks

Dec 05

Nordic American Tankers' (NYSE:NAT) Dividend Will Be Reduced To US$0.01

Nov 28
Nordic American Tankers' (NYSE:NAT) Dividend Will Be Reduced To US$0.01

Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?

Nov 19
Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?

Nordic American Tankers: Survival Coming Down To The Wire, May Not Last Another Quarter

Sep 04

Nordic American Tankers' (NYSE:NAT) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Jul 19
Nordic American Tankers' (NYSE:NAT) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Nordic American Tankers: Already Low On Cash Amid Fresh Questions About Long-Term Solvency

Jun 16

Financial Position Analysis

Short Term Liabilities: NAT's short term assets ($108.9M) exceed its short term liabilities ($70.5M).

Long Term Liabilities: NAT's short term assets ($108.9M) do not cover its long term liabilities ($270.4M).


Debt to Equity History and Analysis

Debt Level: NAT's net debt to equity ratio (50.3%) is considered high.

Reducing Debt: NAT's debt to equity ratio has reduced from 72.5% to 56% over the past 5 years.

Debt Coverage: NAT's debt is well covered by operating cash flow (46.2%).

Interest Coverage: NAT's interest payments on its debt are well covered by EBIT (4.4x coverage).


Balance Sheet


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