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.

Cash Flow Balance Sheet Income Statement

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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 Other Current Liab Total Current Liabilities Total Stockholder Equity Accumulated Other Comprehensive Income Long Term Debt

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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.

	2021	2022	2023	2024 (projected)
Other Current Liabilities	20.8M	19.6M	31.2M	32.7M
Total Assets	903.1M	880.7M	879.2M	829.9M

Other Current Liab Total Assets

Nordic American balance sheet Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Current Liabilities Total	Short Term Debt	Long Term Debt	Property Plant Equipment
Total Assets		0.21	-0.1	0.93	0.99	0.67	-0.08	0.66	0.99	-0.74	0.66	0.61	0.17	0.0	0.15	0.52	0.66	0.77	0.77	0.01	0.73	0.42	0.81	0.72	0.79	0.95
Other Current Liab	0.21		0.78	0.09	0.22	0.33	-0.29	0.09	0.18	-0.63	0.09	0.44	0.83	0.83	0.92	0.04	0.29	0.34	0.34	0.89	0.33	0.17	0.24	-0.11	0.33	0.3
Total Current Liabilities	-0.1	0.78		-0.3	-0.08	0.31	-0.34	-0.03	-0.15	-0.54	-0.03	0.23	0.87	0.95	0.77	0.09	0.1	0.28	0.23	0.94	0.28	0.42	0.11	-0.58	0.2	0.04
Total Stockholder Equity	0.93	0.09	-0.3		0.89	0.35	0.12	0.6	0.93	-0.57	0.6	0.49	-0.1	-0.23	0.02	0.45	0.54	0.47	0.64	-0.2	0.42	0.36	0.54	0.83	0.51	0.86
Property Plant And Equipment Net	0.99	0.22	-0.08	0.89		0.72	-0.03	0.58	0.99	-0.74	0.58	0.59	0.19	0.02	0.12	0.48	0.59	0.79	0.69	0.02	0.76	0.37	0.84	0.67	0.81	0.97
Net Debt	0.67	0.33	0.31	0.35	0.72		-0.35	0.31	0.66	-0.7	0.31	0.57	0.58	0.41	0.28	0.4	0.5	0.97	0.57	0.39	0.98	0.27	0.95	0.17	0.95	0.7
Retained Earnings	-0.08	-0.29	-0.34	0.12	-0.03	-0.35		-0.35	-0.04	0.25	-0.35	-0.12	-0.53	-0.44	-0.4	0.08	-0.76	-0.4	-0.33	-0.45	-0.41	-0.04	-0.36	0.14	-0.38	-0.01
Cash	0.66	0.09	-0.03	0.6	0.58	0.31	-0.35		0.6	-0.54	1.0	0.17	0.16	0.05	0.2	0.36	0.7	0.52	0.85	0.04	0.49	0.47	0.54	0.45	0.52	0.56
Non Current Assets Total	0.99	0.18	-0.15	0.93	0.99	0.66	-0.04	0.6		-0.71	0.6	0.59	0.13	-0.05	0.1	0.48	0.63	0.74	0.7	-0.04	0.71	0.36	0.8	0.73	0.77	0.96
Non Currrent Assets Other	-0.74	-0.63	-0.54	-0.57	-0.74	-0.7	0.25	-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
Cash And Short Term Investments	0.66	0.09	-0.03	0.6	0.58	0.31	-0.35	1.0	0.6	-0.54		0.17	0.16	0.04	0.2	0.36	0.7	0.52	0.85	0.03	0.49	0.48	0.54	0.45	0.52	0.57
Net Receivables	0.61	0.44	0.23	0.49	0.59	0.57	-0.12	0.17	0.59	-0.6	0.17		0.35	0.3	0.44	0.24	0.42	0.58	0.55	0.31	0.55	0.3	0.56	0.3	0.56	0.6
Common Stock Total Equity	0.17	0.83	0.87	-0.1	0.19	0.58	-0.53	0.16	0.13	-0.69	0.16	0.35		0.95	0.84	0.08	0.37	0.57	0.39	0.96	0.59	0.27	0.45	-0.37	0.54	0.26
Common Stock Shares Outstanding	0.0	0.83	0.95	-0.23	0.02	0.41	-0.44	0.05	-0.05	-0.61	0.04	0.3	0.95		0.84	0.06	0.24	0.39	0.29	0.99	0.4	0.27	0.25	-0.51	0.33	0.13
Inventory	0.15	0.92	0.77	0.02	0.12	0.28	-0.4	0.2	0.1	-0.63	0.2	0.44	0.84	0.84		-0.05	0.36	0.32	0.42	0.88	0.32	0.22	0.22	-0.22	0.31	0.22
Other Current Assets	0.52	0.04	0.09	0.45	0.48	0.4	0.08	0.36	0.48	-0.44	0.36	0.24	0.08	0.06	-0.05		0.21	0.46	0.62	0.02	0.42	0.5	0.42	0.39	0.39	0.43
Other Stockholder Equity	0.66	0.29	0.1	0.54	0.59	0.5	-0.76	0.7	0.63	-0.59	0.7	0.42	0.37	0.24	0.36	0.21		0.63	0.7	0.25	0.61	0.29	0.64	0.39	0.64	0.57
Total Liab	0.77	0.34	0.28	0.47	0.79	0.97	-0.4	0.52	0.74	-0.77	0.52	0.58	0.57	0.39	0.32	0.46	0.63		0.73	0.37	0.99	0.37	0.98	0.28	0.98	0.77
Total Current Assets	0.77	0.34	0.23	0.64	0.69	0.57	-0.33	0.85	0.7	-0.77	0.85	0.55	0.39	0.29	0.42	0.62	0.7	0.73		0.28	0.69	0.63	0.7	0.43	0.69	0.69
Common Stock	0.01	0.89	0.94	-0.2	0.02	0.39	-0.45	0.04	-0.04	-0.59	0.03	0.31	0.96	0.99	0.88	0.02	0.25	0.37	0.28		0.38	0.22	0.23	-0.45	0.32	0.12
Short Long Term Debt Total	0.73	0.33	0.28	0.42	0.76	0.98	-0.41	0.49	0.71	-0.74	0.49	0.55	0.59	0.4	0.32	0.42	0.61	0.99	0.69	0.38		0.32	0.98	0.24	0.99	0.74
Accounts Payable	0.42	0.17	0.42	0.36	0.37	0.27	-0.04	0.47	0.36	-0.63	0.48	0.3	0.27	0.27	0.22	0.5	0.29	0.37	0.63	0.22	0.32		0.27	-0.02	0.28	0.45
Non Current Liabilities Total	0.81	0.24	0.11	0.54	0.84	0.95	-0.36	0.54	0.8	-0.69	0.54	0.56	0.45	0.25	0.22	0.42	0.64	0.98	0.7	0.23	0.98	0.27		0.4	0.99	0.79
Short Term Debt	0.72	-0.11	-0.58	0.83	0.67	0.17	0.14	0.45	0.73	-0.13	0.45	0.3	-0.37	-0.51	-0.22	0.39	0.39	0.28	0.43	-0.45	0.24	-0.02	0.4		0.34	0.54
Long Term Debt	0.79	0.33	0.2	0.51	0.81	0.95	-0.38	0.52	0.77	-0.73	0.52	0.56	0.54	0.33	0.31	0.39	0.64	0.98	0.69	0.32	0.99	0.28	0.99	0.34		0.78
Property Plant Equipment	0.95	0.3	0.04	0.86	0.97	0.7	-0.01	0.56	0.96	-0.82	0.57	0.6	0.26	0.13	0.22	0.43	0.57	0.77	0.69	0.12	0.74	0.45	0.79	0.54	0.78

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Nordic American Account Relationship Matchups

Nordic American balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	974.3M	903.1M	880.7M	879.2M	829.9M
Other Current Liab	15.6M	13.3M	20.8M	19.6M	31.2M	32.7M
Total Current Liabilities	59.0M	39.7M	67.6M	73.3M	70.5M	74.0M
Total Stockholder Equity	595.4M	599.1M	550.1M	540.0M	538.3M	607.5M
Property Plant And Equipment Net	900.0M	872.3M	790.9M	735.1M	770.1M	725.3M
Net Debt	351.0M	298.9M	286.2M	246.5M	270.5M	166.5M
Retained Earnings	(10.4M)	0.0	(171.3M)	(156.2M)	(57.5M)	(54.6M)
Cash	48.8M	57.8M	34.7M	59.6M	31.1M	34.9M
Non Current Assets Total	901.5M	874.8M	795.4M	737.2M	770.3M	746.3M
Non Currrent Assets Other	1.5M	2.5M	4.5M	2.1M	155K	147.3K
Cash And Short Term Investments	49.7M	57.8M	34.7M	59.6M	31.1M	35.0M
Net Receivables	24.6M	6.3M	9.4M	20.5M	26.3M	16.7M
Common Stock Shares Outstanding	142.6M	149.3M	162.5M	202.0M	208.8M	219.3M
Liabilities And Stockholders Equity	1.0B	974.3M	903.1M	880.7M	879.2M	829.9M
Inventory	22.5M	19.4M	20.9M	25.4M	42.4M	44.5M
Other Current Assets	16.5M	15.9M	42.1M	37.2M	6.9M	6.6M
Other Stockholder Equity	605.7M	598.9M	669.3M	695.9M	595.8M	677.6M
Total Liab	435.5M	375.2M	352.9M	340.8M	340.9M	222.4M
Total Current Assets	129.4M	99.5M	107.6M	143.5M	108.9M	83.6M
Accumulated Other Comprehensive Income	(1.4M)	(1.3M)	(1.6M)	(1.8M)	(2.1M)	(2.2M)
Common Stock	1.5M	1.5M	1.8M	2.1M	2.4M	2.5M
Short Long Term Debt Total	399.8M	356.7M	321.0M	306.0M	301.6M	226.5M
Accounts Payable	8.4M	4.1M	6.6M	7.0M	3.4M	4.5M
Non Current Liabilities Total	376.5M	335.5M	285.3M	267.5M	270.4M	207.4M
Short Term Debt	23.5M	22.1M	37.5M	39.7M	31.9M	30.3M
Long Term Debt	375.4M	334.6M	283.4M	266.3M	269.7M	244.8M
Property Plant Equipment	901.5M	873.8M	790.9M	735.1M	845.4M	776.8M
Other Liab	153K	197K	724K	1.2M	1.3M	1.3M
Other Assets	57K	1.0M	4.5M	2.1M	2.4M	2.3M
Net Tangible Assets	595.4M	599.1M	550.1M	540.0M	486.0M	561.4M
Short Long Term Debt	23.5M	22.1M	37.5M	39.7M	31.9M	30.3M
Long Term Debt Total	375.4M	334.6M	283.4M	266.3M	239.7M	274.1M
Capital Surpluse	605.7M	598.9M	669.3M	695.9M	626.3M	615.7M
Cash And Equivalents	48.8M	57.8M	34.7M	59.6M	53.6M	44.7M
Net Invested Capital	994.3M	356.7M	321.0M	306.0M	839.9M	566.4M

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Nordic Historical Balance Sheet

Nordic American Inventory

44.48 Million

About Nordic Balance Sheet Analysis

Nordic American Balance Sheet Chart

Total Assets

Total Current Liabilities

Total Stockholder Equity

Accumulated Other Comprehensive Income

Long Term Debt

Nordic American balance sheet Correlations

Nordic American Account Relationship Matchups

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Nordic American balance sheet Accounts

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Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Common Stock	+ 0.99	Common Stock Shares Outstanding
Short Long Term Debt Total	+ 0.99	Total Liab

Property Plant Equipment	- 0.82	Non Currrent Assets Other
Total Current Assets	- 0.77	Non Currrent Assets Other
Total Liab	- 0.77	Non Currrent Assets Other
Other Stockholder Equity	- 0.76	Retained Earnings
Short Long Term Debt Total	- 0.74	Non Currrent Assets Other
Non Currrent Assets Other	- 0.74	Property Plant And Equipment Net