Nordic American Tankers Stock Current Ratio

NAT Stock

USD 2.67 0.08 3.09%

Nordic American Tankers fundamentals help investors to digest information that contributes to Nordic American's financial success or failures. It also enables traders to predict the movement of Nordic Stock. The fundamental analysis module provides a way to measure Nordic American's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nordic American stock.

		Last Reported	Projected for Next Year
	Current Ratio	1.78	1.69

Current Ratio is likely to drop to 1.69 in 2025.

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Nordic American Tankers Company Current Ratio Analysis

Nordic American's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current Nordic American Current Ratio

1.53 X

Most of Nordic American's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nordic American Tankers is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Nordic Current Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Nordic American is extremely important. It helps to project a fair market value of Nordic Stock properly, considering its historical fundamentals such as Current Ratio. Since Nordic American's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nordic American's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nordic American's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Common Stock	Accounts Payable	Short Term Debt	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Good Will	Deferred Long Term Liab	Short Long Term Debt	Intangible Assets	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.92	0.66	-0.08	0.56	0.76	0.77	0.02	0.41	0.7	0.78	0.96	0.5	0.32	0.21	0.16	0.17	0.37	0.16	0.43	0.25	0.14	0.26	0.25	-0.23
Total Stockholder Equity	0.92		0.33	0.12	0.42	0.46	0.62	-0.21	0.36	0.82	0.5	0.88	0.29	0.42	0.48	0.12	-0.18	0.55	0.12	0.18	0.42	0.4	0.41	0.46	-0.36
Net Debt	0.66	0.33		-0.35	0.58	0.97	0.57	0.42	0.25	0.14	0.95	0.67	0.69	-0.01	-0.4	0.14	0.79	-0.14	0.14	0.72	-0.18	-0.44	-0.11	-0.28	0.1
Retained Earnings	-0.08	0.12	-0.35		-0.13	-0.4	-0.33	-0.44	-0.04	0.15	-0.39	0.0	-0.32	0.2	0.39	0.05	-0.48	0.23	0.05	-0.32	0.14	0.45	0.25	0.28	-0.2
Net Receivables	0.56	0.42	0.58	-0.13		0.59	0.53	0.4	0.23	0.19	0.53	0.51	0.6	-0.1	-0.23	-0.13	0.43	-0.05	-0.13	0.18	-0.03	-0.11	0.22	-0.16	0.34
Total Liab	0.76	0.46	0.97	-0.4	0.59		0.73	0.4	0.35	0.24	0.97	0.75	0.67	0.03	-0.32	0.17	0.71	-0.07	0.17	0.7	-0.13	-0.36	-0.08	-0.21	0.07
Total Current Assets	0.77	0.62	0.57	-0.33	0.53	0.73		0.3	0.61	0.4	0.69	0.68	0.42	0.02	-0.05	0.13	0.31	0.1	0.13	0.33	-0.02	-0.05	-0.02	-0.01	0.09
Common Stock	0.02	-0.21	0.42	-0.44	0.4	0.4	0.3		0.18	-0.48	0.34	0.07	0.07	-0.8	-0.9	-0.59	0.74	-0.68	-0.59	0.03	-0.76	-0.81	-0.69	-0.86	0.82
Accounts Payable	0.41	0.36	0.25	-0.04	0.23	0.35	0.61	0.18		0.01	0.27	0.47	0.07	-0.08	-0.12	0.1	0.02	-0.24	0.1	-0.06	-0.3	-0.19	-0.23	-0.09	0.04
Short Term Debt	0.7	0.82	0.14	0.15	0.19	0.24	0.4	-0.48	0.01		0.32	0.55	0.37	0.57	0.74	0.29	-0.27	0.92	0.29	0.29	0.69	0.63	0.59	0.73	-0.53
Long Term Debt	0.78	0.5	0.95	-0.39	0.53	0.97	0.69	0.34	0.27	0.32		0.78	0.72	0.15	-0.22	0.1	0.65	0.03	0.1	0.8	-0.05	-0.31	0.01	-0.1	-0.07
Property Plant Equipment	0.96	0.88	0.67	0.0	0.51	0.75	0.68	0.07	0.47	0.55	0.78		0.41	0.26	0.11	0.08	0.16	0.2	0.08	0.39	0.13	0.04	0.17	0.14	-0.2
Current Deferred Revenue	0.5	0.29	0.69	-0.32	0.6	0.67	0.42	0.07	0.07	0.37	0.72	0.41		0.33	0.02	0.17	0.5	0.27	0.17	0.8	0.25	-0.1	0.35	0.21	-0.21
Short Term Investments	0.32	0.42	-0.01	0.2	-0.1	0.03	0.02	-0.8	-0.08	0.57	0.15	0.26	0.33		0.77	0.47	-0.45	0.65	0.47	0.41	0.7	0.61	0.78	0.85	-0.93
Net Tangible Assets	0.21	0.48	-0.4	0.39	-0.23	-0.32	-0.05	-0.9	-0.12	0.74	-0.22	0.11	0.02	0.77		0.4	-0.75	0.86	0.4	-0.01	0.81	0.9	0.74	0.92	-0.78
Good Will	0.16	0.12	0.14	0.05	-0.13	0.17	0.13	-0.59	0.1	0.29	0.1	0.08	0.17	0.47	0.4		-0.11	0.34	1.0	0.22	0.46	0.38	0.29	0.45	-0.5
Deferred Long Term Liab	0.17	-0.18	0.79	-0.48	0.43	0.71	0.31	0.74	0.02	-0.27	0.65	0.16	0.5	-0.45	-0.75	-0.11		-0.42	-0.11	0.53	-0.54	-0.71	-0.5	-0.64	0.5
Short Long Term Debt	0.37	0.55	-0.14	0.23	-0.05	-0.07	0.1	-0.68	-0.24	0.92	0.03	0.2	0.27	0.65	0.86	0.34	-0.42		0.34	0.21	0.79	0.76	0.69	0.84	-0.61
Intangible Assets	0.16	0.12	0.14	0.05	-0.13	0.17	0.13	-0.59	0.1	0.29	0.1	0.08	0.17	0.47	0.4	1.0	-0.11	0.34		0.22	0.46	0.38	0.29	0.45	-0.5
Long Term Debt Total	0.43	0.18	0.72	-0.32	0.18	0.7	0.33	0.03	-0.06	0.29	0.8	0.39	0.8	0.41	-0.01	0.22	0.53	0.21	0.22		0.16	-0.19	0.18	0.16	-0.4
Capital Surpluse	0.25	0.42	-0.18	0.14	-0.03	-0.13	-0.02	-0.76	-0.3	0.69	-0.05	0.13	0.25	0.7	0.81	0.46	-0.54	0.79	0.46	0.16		0.7	0.77	0.85	-0.67
Cash And Equivalents	0.14	0.4	-0.44	0.45	-0.11	-0.36	-0.05	-0.81	-0.19	0.63	-0.31	0.04	-0.1	0.61	0.9	0.38	-0.71	0.76	0.38	-0.19	0.7		0.67	0.81	-0.53
Net Invested Capital	0.26	0.41	-0.11	0.25	0.22	-0.08	-0.02	-0.69	-0.23	0.59	0.01	0.17	0.35	0.78	0.74	0.29	-0.5	0.69	0.29	0.18	0.77	0.67		0.74	-0.62
Net Working Capital	0.25	0.46	-0.28	0.28	-0.16	-0.21	-0.01	-0.86	-0.09	0.73	-0.1	0.14	0.21	0.85	0.92	0.45	-0.64	0.84	0.45	0.16	0.85	0.81	0.74		-0.83
Capital Stock	-0.23	-0.36	0.1	-0.2	0.34	0.07	0.09	0.82	0.04	-0.53	-0.07	-0.2	-0.21	-0.93	-0.78	-0.5	0.5	-0.61	-0.5	-0.4	-0.67	-0.53	-0.62	-0.83

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Nordic Current Ratio Historical Pattern

Today, most investors in Nordic American Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Nordic American's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Nordic American current ratio as a starting point in their analysis.

Nordic American Current Ratio

Timeline

Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).

Competition

Predict Nordic American

Current Ratio Over Time

Nordic Price To Sales Ratio

Price To Sales Ratio

2.57

At this time, Nordic American's Price To Sales Ratio is comparatively stable compared to the past year.

In accordance with the recently published financial statements, Nordic American Tankers has a Current Ratio of 1.53 times. This is 25.73% lower than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The current ratio for all United States stocks is 29.17% higher than that of the company.

Nordic Current Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nordic American's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nordic American could also be used in its relative valuation, which is a method of valuing Nordic American by comparing valuation metrics of similar companies.

Nordic American is currently under evaluation in current ratio category among its peers.

Nordic American Current Valuation Drivers

We derive many important indicators used in calculating different scores of Nordic American from analyzing Nordic American's financial statements. These drivers represent accounts that assess Nordic American's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nordic American's important valuation drivers and their relationship over time.

	2020	2021	2022	2023	2024	2025 (projected)
Market Cap	440.4M	274.7M	618.2M	876.9M	789.3M	461.9M
Enterprise Value	739.3M	560.9M	864.7M	1.1B	1.0B	590.7M

Nordic American ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nordic American's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nordic American's managers, analysts, and investors.

Environmental

Governance

Social

Nordic Fundamentals

	Return On Equity	0.0891
	Return On Asset	0.057
	Profit Margin	0.21 %
	Operating Margin	0.19 %
	Current Valuation	778.96 M
	Shares Outstanding	211.75 M
	Shares Owned By Insiders	3.26 %
	Shares Owned By Institutions	40.48 %
	Number Of Shares Shorted	13.57 M
	Price To Earning	10.36 X
	Price To Book	1.08 X
	Price To Sales	2.44 X
	Revenue	391.69 M
	Gross Profit	162.29 M
	EBITDA	179.29 M
	Net Income	98.71 M
	Cash And Equivalents	59.58 M
	Cash Per Share	0.18 X
	Total Debt	301.6 M
	Debt To Equity	0.72 %
	Current Ratio	1.53 X
	Book Value Per Share	2.40 X
	Cash Flow From Operations	139.44 M
	Short Ratio	5.20 X
	Earnings Per Share	0.22 X
	Price To Earnings To Growth	(2.50) X
	Target Price	4.33
	Beta	-0.35
	Market Capitalization	548.44 M
	Total Asset	879.2 M
	Retained Earnings	(57.52 M)
	Working Capital	38.43 M
	Current Asset	118.18 M
	Current Liabilities	20.86 M
	Annual Yield	0.13 %
	Five Year Return	8.23 %
	Net Asset	879.2 M
	Last Dividend Paid	0.34

About Nordic American Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nordic American Tankers's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nordic American using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nordic American Tankers based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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