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
These 4 Measures Indicate That Nordic American Tankers (NYSE:NAT) Is Using Debt Extensively
Jul 29
Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet
Oct 26Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?
Jul 25Is Nordic American Tankers (NYSE:NAT) A Risky Investment?
Mar 06Here's Why Nordic American Tankers (NYSE:NAT) Can Afford Some Debt
Aug 31Recent updates
Nordic American Tankers: When Double-Digit Dividend Yields Are Not Enough (Rating Downgrade)
Sep 13Nordic American Tankers Q2: Good Quarter But Little Reason For Excitement, Hold
Sep 02Nordic American: No Catalysts To Get Constructive
Aug 11These 4 Measures Indicate That Nordic American Tankers (NYSE:NAT) Is Using Debt Extensively
Jul 29Some Shareholders Feeling Restless Over Nordic American Tankers Limited's (NYSE:NAT) P/S Ratio
May 30Nordic American Tankers: Bet On A Strong Suezmax Market For Dividend Seekers
Mar 28Unpleasant Surprises Could Be In Store For Nordic American Tankers Limited's (NYSE:NAT) Shares
Feb 24Nordic American Tankers: Suezmax Pure Play For Income-Minded Investors
Feb 08Nordic American Tankers - Prime Beneficiary Of Red Sea Chaos - Buy
Jan 02A Look At The Fair Value Of Nordic American Tankers Limited (NYSE:NAT)
Dec 16Nordic American: Risk And Reward More Balanced; Downgrade To Hold
Dec 04Nordic American Tankers (NYSE:NAT) Has A Pretty Healthy Balance Sheet
Oct 26Nordic American Tankers: Seasonality Likely To Result In Lower Q3 Dividend - Hold
Sep 18Insight Into Nordic American Tankers Q2-2023 Upcoming Earnings
Jul 31Does Nordic American Tankers (NYSE:NAT) Have A Healthy Balance Sheet?
Jul 25The Price Is Right For Nordic American Tankers Limited (NYSE:NAT)
Apr 18There's Been No Shortage Of Growth Recently For Nordic American Tankers' (NYSE:NAT) Returns On Capital
Mar 24Is Nordic American Tankers (NYSE:NAT) A Risky Investment?
Mar 06Nordic American Tankers Q4 2022 Earnings Preview
Feb 24Nordic American Tankers: A Perfect Market To Dispose Of Old Vessels At Massive Gains
Feb 03Rainbows and Unicorns: Nordic American Tankers Limited (NYSE:NAT) Analysts Just Became A Lot More Optimistic
Dec 03Nordic American Tankers (NYSE:NAT) Is Increasing Its Dividend To $0.05
Nov 13Nordic American Tankers boosts dividend by ~67% to $0.05/share
Nov 10Nordic American Tankers goes ex-dividend tomorrow
Sep 13Nordic American Tankers (NYSE:NAT) Is Paying Out A Larger Dividend Than Last Year
Sep 02Here's Why Nordic American Tankers (NYSE:NAT) Can Afford Some Debt
Aug 31Nordic American Tankers GAAP EPS of -$0.02 beats by $0.02, revenue of $34.75M beats by $4.57M
Aug 30Nordic American Tankers: Tanker Markets Heating Up
Jul 20Nordic American Tankers announces delivery of new vessels and long term contracts for two vessels
Jun 29Nordic American Tankers: 'F' Earnings Rating
May 19Nordic American Tankers: More Green Shoots Emerge Right As War Breaks Out
Mar 01Financial Position Analysis
Short Term Liabilities: NAT's short term assets ($117.5M) do not cover its short term liabilities ($147.8M).
Long Term Liabilities: NAT's short term assets ($117.5M) do not cover its long term liabilities ($188.1M).
Debt to Equity History and Analysis
Debt Level: NAT's net debt to equity ratio (46.6%) is considered high.
Reducing Debt: NAT's debt to equity ratio has reduced from 70.2% to 54.3% over the past 5 years.
Debt Coverage: NAT's debt is well covered by operating cash flow (38.7%).
Interest Coverage: NAT's interest payments on its debt are well covered by EBIT (3.1x coverage).