Nordic Cash And Equivalents vs Capital Stock Analysis

NAT Stock  USD 2.64  0.04  1.49%   
Nordic American financial indicator trend analysis is infinitely more than just investigating Nordic American Tankers recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nordic American Tankers is a good investment. Please check the relationship between Nordic American Cash And Equivalents and its Capital Stock accounts. 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.

Cash And Equivalents vs Capital Stock

Cash And Equivalents vs Capital Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Cash And Equivalents account and Capital Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Nordic American's Cash And Equivalents and Capital Stock is -0.54. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Capital Stock in the same time period over historical financial statements of Nordic American Tankers, assuming nothing else is changed. The correlation between historical values of Nordic American's Cash And Equivalents and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Nordic American Tankers are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Cash And Equivalents i.e., Nordic American's Cash And Equivalents and Capital Stock go up and down completely randomly.

Correlation Coefficient

-0.54
Relationship DirectionNegative 
Relationship StrengthVery Weak

Cash And Equivalents

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.
Most indicators from Nordic American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.
Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Selling General Administrative is likely to drop slightly above 11.5 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Income26.4M27.1M1.1M1.1M
Tax Provision59K23K120K62.0K

Nordic American fundamental ratios Correlations

0.21-0.10.930.990.67-0.080.660.99-0.740.660.610.170.00.150.520.660.770.770.010.730.420.810.720.790.95
0.210.780.090.220.33-0.290.090.18-0.630.090.440.830.830.920.040.290.340.340.890.330.170.24-0.110.330.3
-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
Click cells to compare fundamentals

Nordic American Account Relationship Matchups

Nordic American fundamental ratios 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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