Nordic Historical Balance Sheet

NAT Stock  USD 2.64  0.04  1.49%   
Trend analysis of Nordic American Tankers balance sheet accounts such as Total Stockholder Equity of 607.5 M provides information on Nordic American's total assets, liabilities, and equity, which is the actual value of Nordic American Tankers to its prevalent stockholders. By breaking down trends over time using Nordic American balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
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Financial Statement Analysis is much more than just reviewing and examining Nordic American Tankers latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Nordic American Tankers is a good buy for the upcoming year.

Nordic American Inventory

44.48 Million

  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

About Nordic Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Nordic American Tankers at a specified time, usually calculated after every quarter, six months, or one year. Nordic American Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nordic American and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nordic currently owns. An asset can also be divided into two categories, current and non-current.

Nordic American Balance Sheet Chart

At this time, Nordic American's Other Stockholder Equity is comparatively stable compared to the past year. Common Stock is likely to gain to about 2.5 M in 2024, whereas Net Debt is likely to drop slightly above 166.5 M in 2024.

Total Assets

Total assets refers to the total amount of Nordic American assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nordic American Tankers books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Nordic American balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nordic American Tankers are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.

Long Term Debt

Long-term debt is a debt that Nordic American Tankers has held for over one year. Long-term debt appears on Nordic American Tankers balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nordic American Tankers balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most accounts from Nordic American's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Nordic American Tankers current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
At this time, Nordic American's Other Stockholder Equity is comparatively stable compared to the past year. Common Stock is likely to gain to about 2.5 M in 2024, whereas Net Debt is likely to drop slightly above 166.5 M in 2024.
 2021 2022 2023 2024 (projected)
Other Current Liabilities20.8M19.6M31.2M32.7M
Total Assets903.1M880.7M879.2M829.9M

Nordic American balance sheet Correlations

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-0.10.78-0.3-0.080.31-0.34-0.03-0.15-0.54-0.030.230.870.950.770.090.10.280.230.940.280.420.11-0.580.20.04
0.930.09-0.30.890.350.120.60.93-0.570.60.49-0.1-0.230.020.450.540.470.64-0.20.420.360.540.830.510.86
0.990.22-0.080.890.72-0.030.580.99-0.740.580.590.190.020.120.480.590.790.690.020.760.370.840.670.810.97
0.670.330.310.350.72-0.350.310.66-0.70.310.570.580.410.280.40.50.970.570.390.980.270.950.170.950.7
-0.08-0.29-0.340.12-0.03-0.35-0.35-0.040.25-0.35-0.12-0.53-0.44-0.40.08-0.76-0.4-0.33-0.45-0.41-0.04-0.360.14-0.38-0.01
0.660.09-0.030.60.580.31-0.350.6-0.541.00.170.160.050.20.360.70.520.850.040.490.470.540.450.520.56
0.990.18-0.150.930.990.66-0.040.6-0.710.60.590.13-0.050.10.480.630.740.7-0.040.710.360.80.730.770.96
-0.74-0.63-0.54-0.57-0.74-0.70.25-0.54-0.71-0.54-0.6-0.69-0.61-0.63-0.44-0.59-0.77-0.77-0.59-0.74-0.63-0.69-0.13-0.73-0.82
0.660.09-0.030.60.580.31-0.351.00.6-0.540.170.160.040.20.360.70.520.850.030.490.480.540.450.520.57
0.610.440.230.490.590.57-0.120.170.59-0.60.170.350.30.440.240.420.580.550.310.550.30.560.30.560.6
0.170.830.87-0.10.190.58-0.530.160.13-0.690.160.350.950.840.080.370.570.390.960.590.270.45-0.370.540.26
0.00.830.95-0.230.020.41-0.440.05-0.05-0.610.040.30.950.840.060.240.390.290.990.40.270.25-0.510.330.13
0.150.920.770.020.120.28-0.40.20.1-0.630.20.440.840.84-0.050.360.320.420.880.320.220.22-0.220.310.22
0.520.040.090.450.480.40.080.360.48-0.440.360.240.080.06-0.050.210.460.620.020.420.50.420.390.390.43
0.660.290.10.540.590.5-0.760.70.63-0.590.70.420.370.240.360.210.630.70.250.610.290.640.390.640.57
0.770.340.280.470.790.97-0.40.520.74-0.770.520.580.570.390.320.460.630.730.370.990.370.980.280.980.77
0.770.340.230.640.690.57-0.330.850.7-0.770.850.550.390.290.420.620.70.730.280.690.630.70.430.690.69
0.010.890.94-0.20.020.39-0.450.04-0.04-0.590.030.310.960.990.880.020.250.370.280.380.220.23-0.450.320.12
0.730.330.280.420.760.98-0.410.490.71-0.740.490.550.590.40.320.420.610.990.690.380.320.980.240.990.74
0.420.170.420.360.370.27-0.040.470.36-0.630.480.30.270.270.220.50.290.370.630.220.320.27-0.020.280.45
0.810.240.110.540.840.95-0.360.540.8-0.690.540.560.450.250.220.420.640.980.70.230.980.270.40.990.79
0.72-0.11-0.580.830.670.170.140.450.73-0.130.450.3-0.37-0.51-0.220.390.390.280.43-0.450.24-0.020.40.340.54
0.790.330.20.510.810.95-0.380.520.77-0.730.520.560.540.330.310.390.640.980.690.320.990.280.990.340.78
0.950.30.040.860.970.7-0.010.560.96-0.820.570.60.260.130.220.430.570.770.690.120.740.450.790.540.78
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Nordic American Account Relationship Matchups

Nordic American balance sheet Accounts

201920202021202220232024 (projected)
Total Assets1.0B974.3M903.1M880.7M879.2M829.9M
Other Current Liab15.6M13.3M20.8M19.6M31.2M32.7M
Total Current Liabilities59.0M39.7M67.6M73.3M70.5M74.0M
Total Stockholder Equity595.4M599.1M550.1M540.0M538.3M607.5M
Property Plant And Equipment Net900.0M872.3M790.9M735.1M770.1M725.3M
Net Debt351.0M298.9M286.2M246.5M270.5M166.5M
Retained Earnings(10.4M)0.0(171.3M)(156.2M)(57.5M)(54.6M)
Cash48.8M57.8M34.7M59.6M31.1M34.9M
Non Current Assets Total901.5M874.8M795.4M737.2M770.3M746.3M
Non Currrent Assets Other1.5M2.5M4.5M2.1M155K147.3K
Cash And Short Term Investments49.7M57.8M34.7M59.6M31.1M35.0M
Net Receivables24.6M6.3M9.4M20.5M26.3M16.7M
Common Stock Shares Outstanding142.6M149.3M162.5M202.0M208.8M219.3M
Liabilities And Stockholders Equity1.0B974.3M903.1M880.7M879.2M829.9M
Inventory22.5M19.4M20.9M25.4M42.4M44.5M
Other Current Assets16.5M15.9M42.1M37.2M6.9M6.6M
Other Stockholder Equity605.7M598.9M669.3M695.9M595.8M677.6M
Total Liab435.5M375.2M352.9M340.8M340.9M222.4M
Total Current Assets129.4M99.5M107.6M143.5M108.9M83.6M
Accumulated Other Comprehensive Income(1.4M)(1.3M)(1.6M)(1.8M)(2.1M)(2.2M)
Common Stock1.5M1.5M1.8M2.1M2.4M2.5M
Short Long Term Debt Total399.8M356.7M321.0M306.0M301.6M226.5M
Accounts Payable8.4M4.1M6.6M7.0M3.4M4.5M
Non Current Liabilities Total376.5M335.5M285.3M267.5M270.4M207.4M
Short Term Debt23.5M22.1M37.5M39.7M31.9M30.3M
Long Term Debt375.4M334.6M283.4M266.3M269.7M244.8M
Property Plant Equipment901.5M873.8M790.9M735.1M845.4M776.8M
Other Liab153K197K724K1.2M1.3M1.3M
Other Assets57K1.0M4.5M2.1M2.4M2.3M
Net Tangible Assets595.4M599.1M550.1M540.0M486.0M561.4M
Short Long Term Debt23.5M22.1M37.5M39.7M31.9M30.3M
Long Term Debt Total375.4M334.6M283.4M266.3M239.7M274.1M
Capital Surpluse605.7M598.9M669.3M695.9M626.3M615.7M
Cash And Equivalents48.8M57.8M34.7M59.6M53.6M44.7M
Net Invested Capital994.3M356.7M321.0M306.0M839.9M566.4M

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Additional Tools for Nordic Stock Analysis

When running Nordic American's price analysis, check to measure Nordic American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nordic American is operating at the current time. Most of Nordic American's value examination focuses on studying past and present price action to predict the probability of Nordic American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic American's price. Additionally, you may evaluate how the addition of Nordic American to your portfolios can decrease your overall portfolio volatility.