Nordic Net Receivables vs Non Current Liabilities Total Analysis

NAT Stock

USD 2.45 0.01 0.41%

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 Net Receivables 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.

Net Receivables vs Non Current Liabilities Total

Net Receivables 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 Net Receivables 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 Net Receivables and Non Current Liabilities Total is 0.53. Overlapping area represents the amount of variation of Net Receivables 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 Net Receivables 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 Net Receivables 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 Net Receivables i.e., Nordic American's Net Receivables and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

0.53

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Receivables

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.

At this time, Nordic American's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.07 in 2025, whereas Tax Provision is likely to drop slightly above 62 K in 2025.

	2022	2023	2024	2025 (projected)
Interest Income	27.1M	1.1M	1.0M	979.0K
Tax Provision	23K	120K	108K	62.0K

Interest Income Tax Provision

Nordic American fundamental ratios 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		0.15	-0.1	0.92	0.99	0.66	-0.08	0.65	0.99	-0.74	0.65	0.56	0.18	-0.02	0.1	0.49	0.66	0.76	0.77	0.02	0.73	0.41	0.81	0.7	0.78	0.96
Other Current Liab	0.15		0.84	0.02	0.16	0.31	-0.25	-0.02	0.12	-0.57	-0.02	0.52	0.8	0.88	0.95	0.03	0.23	0.3	0.29	0.89	0.29	0.07	0.18	-0.22	0.27	0.17
Total Current Liabilities	-0.1	0.84		-0.3	-0.08	0.3	-0.31	-0.1	-0.15	-0.53	-0.1	0.34	0.87	0.96	0.83	0.08	0.09	0.27	0.21	0.96	0.27	0.31	0.09	-0.6	0.18	-0.01
Total Stockholder Equity	0.92	0.02	-0.3		0.89	0.33	0.12	0.6	0.93	-0.56	0.61	0.42	-0.1	-0.24	-0.04	0.45	0.54	0.46	0.62	-0.21	0.41	0.36	0.54	0.82	0.5	0.88
Property Plant And Equipment Net	0.99	0.16	-0.08	0.89		0.71	-0.03	0.57	0.99	-0.74	0.57	0.55	0.21	0.0	0.09	0.44	0.59	0.79	0.69	0.05	0.76	0.37	0.84	0.66	0.81	0.98
Net Debt	0.66	0.31	0.3	0.33	0.71		-0.35	0.28	0.65	-0.7	0.28	0.58	0.61	0.39	0.27	0.32	0.5	0.97	0.57	0.42	0.98	0.25	0.94	0.14	0.95	0.67
Retained Earnings	-0.08	-0.25	-0.31	0.12	-0.03	-0.35		-0.34	-0.04	0.25	-0.34	-0.13	-0.52	-0.4	-0.34	0.08	-0.76	-0.4	-0.33	-0.44	-0.42	-0.04	-0.37	0.15	-0.39	0.0
Cash	0.65	-0.02	-0.1	0.6	0.57	0.28	-0.34		0.59	-0.51	1.0	0.1	0.14	-0.04	0.08	0.36	0.7	0.49	0.83	0.0	0.46	0.48	0.53	0.46	0.51	0.58
Non Current Assets Total	0.99	0.12	-0.15	0.93	0.99	0.65	-0.04	0.59		-0.7	0.59	0.54	0.14	-0.06	0.05	0.45	0.63	0.73	0.7	-0.02	0.7	0.36	0.79	0.72	0.77	0.96
Non Currrent Assets Other	-0.74	-0.57	-0.53	-0.56	-0.74	-0.7	0.25	-0.51	-0.7		-0.51	-0.59	-0.69	-0.58	-0.57	-0.46	-0.59	-0.77	-0.77	-0.6	-0.74	-0.6	-0.69	-0.1	-0.73	-0.79
Cash And Short Term Investments	0.65	-0.02	-0.1	0.61	0.57	0.28	-0.34	1.0	0.59	-0.51		0.1	0.13	-0.04	0.07	0.36	0.69	0.49	0.83	0.0	0.47	0.49	0.53	0.46	0.51	0.58
Net Receivables	0.56	0.52	0.34	0.42	0.55	0.58	-0.13	0.1	0.54	-0.59	0.1		0.41	0.4	0.51	0.14	0.39	0.59	0.53	0.4	0.54	0.23	0.53	0.19	0.53	0.51
Common Stock Total Equity	0.18	0.8	0.87	-0.1	0.21	0.61	-0.52	0.14	0.14	-0.69	0.13	0.41		0.93	0.81	0.14	0.37	0.59	0.41	0.95	0.61	0.24	0.46	-0.4	0.55	0.23
Common Stock Shares Outstanding	-0.02	0.88	0.96	-0.24	0.0	0.39	-0.4	-0.04	-0.06	-0.58	-0.04	0.4	0.93		0.89	0.05	0.2	0.36	0.26	0.99	0.36	0.17	0.2	-0.54	0.29	0.05
Inventory	0.1	0.95	0.83	-0.04	0.09	0.27	-0.34	0.08	0.05	-0.57	0.07	0.51	0.81	0.89		-0.04	0.29	0.29	0.36	0.88	0.28	0.11	0.17	-0.3	0.26	0.11
Other Current Assets	0.49	0.03	0.08	0.45	0.44	0.32	0.08	0.36	0.45	-0.46	0.36	0.14	0.14	0.05	-0.04		0.21	0.38	0.58	0.09	0.36	0.51	0.37	0.38	0.36	0.45
Other Stockholder Equity	0.66	0.23	0.09	0.54	0.59	0.5	-0.76	0.7	0.63	-0.59	0.69	0.39	0.37	0.2	0.29	0.21		0.62	0.7	0.25	0.61	0.29	0.64	0.38	0.64	0.57
Total Liab	0.76	0.3	0.27	0.46	0.79	0.97	-0.4	0.49	0.73	-0.77	0.49	0.59	0.59	0.36	0.29	0.38	0.62		0.73	0.4	0.99	0.35	0.97	0.24	0.97	0.75
Total Current Assets	0.77	0.29	0.21	0.62	0.69	0.57	-0.33	0.83	0.7	-0.77	0.83	0.53	0.41	0.26	0.36	0.58	0.7	0.73		0.3	0.69	0.61	0.7	0.4	0.69	0.68
Common Stock	0.02	0.89	0.96	-0.21	0.05	0.42	-0.44	0.0	-0.02	-0.6	0.0	0.4	0.95	0.99	0.88	0.09	0.25	0.4	0.3		0.41	0.18	0.25	-0.48	0.34	0.07
Short Long Term Debt Total	0.73	0.29	0.27	0.41	0.76	0.98	-0.42	0.46	0.7	-0.74	0.47	0.54	0.61	0.36	0.28	0.36	0.61	0.99	0.69	0.41		0.31	0.98	0.21	0.99	0.72
Accounts Payable	0.41	0.07	0.31	0.36	0.37	0.25	-0.04	0.48	0.36	-0.6	0.49	0.23	0.24	0.17	0.11	0.51	0.29	0.35	0.61	0.18	0.31		0.26	0.01	0.27	0.47
Non Current Liabilities Total	0.81	0.18	0.09	0.54	0.84	0.94	-0.37	0.53	0.79	-0.69	0.53	0.53	0.46	0.2	0.17	0.37	0.64	0.97	0.7	0.25	0.98	0.26		0.38	0.99	0.79
Short Term Debt	0.7	-0.22	-0.6	0.82	0.66	0.14	0.15	0.46	0.72	-0.1	0.46	0.19	-0.4	-0.54	-0.3	0.38	0.38	0.24	0.4	-0.48	0.21	0.01	0.38		0.32	0.55
Long Term Debt	0.78	0.27	0.18	0.5	0.81	0.95	-0.39	0.51	0.77	-0.73	0.51	0.53	0.55	0.29	0.26	0.36	0.64	0.97	0.69	0.34	0.99	0.27	0.99	0.32		0.78
Property Plant Equipment	0.96	0.17	-0.01	0.88	0.98	0.67	0.0	0.58	0.96	-0.79	0.58	0.51	0.23	0.05	0.11	0.45	0.57	0.75	0.68	0.07	0.72	0.47	0.79	0.55	0.78

Click cells to compare fundamentals

Nordic American Account Relationship Matchups

Nordic American fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	974.3M	903.1M	880.7M	879.2M	1.0B	829.9M
Other Current Liab	13.3M	20.8M	19.6M	31.2M	35.9M	37.7M
Total Current Liabilities	39.7M	67.6M	73.3M	70.5M	81.0M	85.1M
Total Stockholder Equity	599.1M	550.1M	540.0M	538.3M	619.0M	607.5M
Property Plant And Equipment Net	872.3M	790.9M	735.1M	770.1M	885.7M	725.3M
Net Debt	298.9M	286.2M	246.5M	270.5M	311.1M	166.5M
Retained Earnings	0.0	(171.3M)	(156.2M)	(57.5M)	(51.8M)	(49.2M)
Cash	57.8M	34.7M	59.6M	31.1M	35.7M	34.9M
Non Current Assets Total	874.8M	795.4M	737.2M	770.3M	885.8M	746.3M
Non Currrent Assets Other	2.5M	4.5M	2.1M	155K	139.5K	132.5K
Cash And Short Term Investments	57.8M	34.7M	59.6M	31.1M	35.7M	35.0M
Net Receivables	6.3M	9.4M	20.5M	26.3M	30.2M	16.7M
Common Stock Shares Outstanding	149.3M	162.5M	202.0M	208.8M	240.1M	252.1M
Liabilities And Stockholders Equity	974.3M	903.1M	880.7M	879.2M	1.0B	829.9M
Inventory	19.4M	20.9M	25.4M	42.4M	48.7M	51.2M
Other Current Assets	15.9M	42.1M	37.2M	9.2M	10.6M	18.5M
Other Stockholder Equity	598.9M	669.3M	695.9M	595.8M	685.2M	677.6M
Total Liab	375.2M	352.9M	340.8M	340.9M	392.0M	222.4M
Total Current Assets	99.5M	107.6M	143.5M	108.9M	125.2M	83.6M
Accumulated Other Comprehensive Income	(1.3M)	(1.6M)	(1.8M)	(2.1M)	(2.4M)	(2.5M)
Common Stock	1.5M	1.5M	1.8M	2.1M	2.4M	2.5M
Short Long Term Debt Total	356.7M	321.0M	306.0M	301.6M	346.8M	226.5M
Accounts Payable	4.1M	6.6M	7.0M	3.4M	4.0M	4.5M
Non Current Liabilities Total	335.5M	285.3M	267.5M	270.4M	311.0M	207.4M
Short Term Debt	22.1M	37.5M	39.7M	31.9M	28.7M	27.3M
Long Term Debt	334.6M	283.4M	266.3M	269.7M	310.2M	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
Current Deferred Revenue	140K	2.8M	6.1M	3.9M	4.5M	3.2M
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	22.1M	37.5M	39.7M	31.9M	28.7M	27.3M
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	356.7M	321.0M	306.0M	839.9M	755.9M	566.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC