Nordic Cash And Short Term Investments vs Non Current Liabilities Total 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 Short Term Investments and its Non Current Liabilities Total 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 Short Term Investments vs Non Current Liabilities Total

Cash And Short Term Investments vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Cash And Short Term Investments account and Non Current Liabilities Total. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Nordic American's Cash And Short Term Investments and Non Current Liabilities Total is 0.54. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Non Current Liabilities Total 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 Short Term Investments and Non Current Liabilities Total 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 Short Term Investments of Nordic American Tankers are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Cash And Short Term Investments i.e., Nordic American's Cash And Short Term Investments and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.54
Relationship DirectionPositive 
Relationship StrengthWeak

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Nordic American Tankers balance sheet. This account contains Nordic American investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Nordic American Tankers fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Non Current Liabilities Total

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
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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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