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
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 31Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Nov 19Recent updates
Unpleasant 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 01Is There An Opportunity With Nordic American Tankers Limited's (NYSE:NAT) 29% Undervaluation?
Feb 09Nordic American Tankers: Green Shoots Overshadowed By New Omicron Risks
Dec 05Nordic American Tankers' (NYSE:NAT) Dividend Will Be Reduced To US$0.01
Nov 28Is Nordic American Tankers (NYSE:NAT) Weighed On By Its Debt Load?
Nov 19Nordic American Tankers: Survival Coming Down To The Wire, May Not Last Another Quarter
Sep 04Nordic American Tankers' (NYSE:NAT) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Jul 19Nordic American Tankers: Already Low On Cash Amid Fresh Questions About Long-Term Solvency
Jun 16Financial 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).