Nordic Financial Statements From 2010 to 2024

NAT Stock  USD 3.78  0.02  0.53%   
Nordic American financial statements provide useful quarterly and yearly information to potential Nordic American Tankers investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Nordic American financial statements helps investors assess Nordic American's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Nordic American's valuation are summarized below:
Gross Profit
105.4 M
Profit Margin
0.3765
Market Capitalization
785.1 M
Enterprise Value Revenue
2.759
Revenue
262.2 M
There are currently one hundred twenty fundamental ratios for Nordic American that can be evaluated and compared over time across peers in the industry. All traders should check Nordic American's last-minute fundamentals against the performance from 2010 to 2024 and make sure the trends continue to evolve in the right direction. Market Cap is likely to drop to about 449.3 M in 2024. Enterprise Value is likely to drop to about 573.5 M in 2024

Nordic American Total Revenue

195.41 Million

Check Nordic American financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nordic main balance sheet or income statement drivers, such as Depreciation And Amortization of 44 M, Interest Expense of 32 M or Selling General Administrative of 11.5 M, as well as many exotic indicators such as Price To Sales Ratio of 6.19, Dividend Yield of 0.12 or PTB Ratio of 1.19. Nordic financial statements analysis is a perfect complement when working with Nordic American Valuation or Volatility modules.
  
This module can also supplement Nordic American's financial leverage analysis and stock options assessment as well as various Nordic American Technical models . Check out the analysis of Nordic American Correlation against competitors.

Nordic American Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets830.6 M879.2 MB
Very volatile
Other Current Liabilities23.7 M22.6 M15.7 M
Slightly volatile
Total Current Liabilities74 M70.5 M37.5 M
Slightly volatile
Total Stockholder Equity608.3 M538.3 M680.6 M
Pretty Stable
Property Plant And Equipment Net725.5 M768.6 M866 M
Very volatile
Cash35 M33.4 M49 M
Very volatile
Non Current Assets Total746.6 M770.3 M897.1 M
Very volatile
Non Currrent Assets Other1.6 M1.7 M19.8 M
Slightly volatile
Cash And Short Term Investments35.1 M33.4 M49.1 M
Very volatile
Net Receivables17.2 M26.3 M17.7 M
Pretty Stable
Common Stock Total Equity1.8 M1.7 M1.1 M
Slightly volatile
Common Stock Shares Outstanding219.2 M208.8 M118.2 M
Slightly volatile
Liabilities And Stockholders Equity830.6 M879.2 MB
Very volatile
Inventory44.5 M42.4 M20.8 M
Slightly volatile
Other Stockholder Equity687.8 M800.3 M697.1 M
Slightly volatile
Total Liabilities222.4 M340.9 M327.3 M
Slightly volatile
Total Current Assets84.1 M108.9 M110.9 M
Pretty Stable
Common Stock2.5 M2.4 M1.3 M
Slightly volatile
Short and Long Term Debt Total226.5 M301.6 M301.3 M
Slightly volatile
Accounts Payable4.5 M3.4 M4.9 M
Pretty Stable
Non Current Liabilities Total207.4 M270.4 M295.8 M
Pretty Stable
Short Term Debt30.3 M31.9 M157.3 M
Slightly volatile
Long Term Debt242.2 M306.3 M292.8 M
Slightly volatile
Property Plant Equipment776.8 M845.4 M853 M
Very volatile
Other Liabilities1.3 M1.3 M7.3 M
Slightly volatile
Current Deferred Revenue13.2 M12.5 M6.9 M
Slightly volatile
Other Assets2.3 M2.4 M8.5 M
Very volatile
Net Tangible Assets561.4 M486 M704.9 M
Slightly volatile
Good Will15.2 M17.1 M18.6 M
Slightly volatile
Deferred Long Term Liabilities10.7 M17.8 M11 M
Slightly volatile
Short and Long Term Debt33.9 M35.7 M174.5 M
Slightly volatile
Intangible Assets15.2 M17.1 M18.6 M
Slightly volatile
Long Term Debt Total274.1 M239.7 M306.5 M
Pretty Stable
Capital Surpluse615.7 M626.3 M786.9 M
Slightly volatile
Cash And Equivalents44.7 M53.6 M65.5 M
Slightly volatile
Net Invested Capital548.9 M275.4 M842.7 M
Slightly volatile
Net Working Capital55.8 M63.2 M83.3 M
Slightly volatile
Capital Stock1.8 M2.4 M1.6 M
Slightly volatile
Capital Lease Obligations669.6 K481.5 K860.3 K
Slightly volatile
Property Plant And Equipment Gross660 M661.6 M848.1 M
Slightly volatile
Non Current Liabilities Other1.4 M1.3 M1.1 M
Slightly volatile

Nordic American Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Selling General Administrative11.5 M22.1 M13.5 M
Slightly volatile
Total Revenue195.4 M262.2 M255 M
Slightly volatile
Other Operating Expenses173.2 M134.3 M248.5 M
Pretty Stable
Total Operating Expenses29.1 M22.9 M20.7 M
Pretty Stable
Cost Of Revenue162.2 M111.4 M229 M
Pretty Stable
Tax Provision19.7 K20.7 K73.2 K
Slightly volatile
Interest Income1.1 M1.1 M14.9 M
Very volatile
Non Recurring103.6 M116.5 M126.9 M
Slightly volatile
Reconciled Depreciation54.9 M45.4 M81.1 M
Slightly volatile

Nordic American Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Begin Period Cash Flow35.1 M63.3 M50 M
Slightly volatile
Depreciation50.1 M51.4 M65.2 M
Very volatile
Dividends Paid62.7 M89.8 M53.2 M
Very volatile
End Period Cash Flow36.3 M33.4 M51.1 M
Pretty Stable
Stock Based Compensation407 K428.4 K811.8 K
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio6.193.34485.1675
Slightly volatile
Dividend Yield0.120.10240.09
Very volatile
PTB Ratio1.191.62910.9116
Pretty Stable
Days Sales Outstanding44.9536.596136.1242
Slightly volatile
Book Value Per Share2.452.57818.2018
Slightly volatile
Invested Capital0.290.56030.4473
Slightly volatile
Stock Based Compensation To Revenue0.00150.00160.005
Slightly volatile
PB Ratio1.191.62910.9116
Pretty Stable
EV To Sales7.214.36796.2465
Slightly volatile
Inventory Turnover2.52.629813.1262
Slightly volatile
Days Of Inventory On Hand14613943.1645
Slightly volatile
Payables Turnover31.532.327348.3788
Pretty Stable
Sales General And Administrative To Revenue0.07650.08730.0782
Slightly volatile
Average Inventory3.9 M3.7 M3.8 M
Slightly volatile
Cash Per Share0.150.15980.501
Slightly volatile
Days Payables Outstanding17.4411.290811.0889
Slightly volatile
Intangibles To Total Assets0.01690.01720.0157
Pretty Stable
Current Ratio1.471.54533.9239
Slightly volatile
Tangible Book Value Per Share2.452.57818.1267
Slightly volatile
Receivables Turnover9.489.973815.7469
Slightly volatile
Graham Number4.975.236810.1504
Slightly volatile
Shareholders Equity Per Share2.452.57818.2018
Slightly volatile
Debt To Equity0.290.56030.4473
Slightly volatile
Average Receivables15.6 M14.8 M15.3 M
Slightly volatile
Revenue Per Share1.191.25572.3758
Pretty Stable
Interest Debt Per Share1.511.59053.2106
Slightly volatile
Debt To Assets0.190.3430.2898
Slightly volatile
Operating Cycle18417571.088
Slightly volatile
Price Book Value Ratio1.191.62910.9116
Pretty Stable
Days Of Payables Outstanding17.4411.290811.0889
Slightly volatile
Ebt Per Ebit0.950.77181.3435
Very volatile
Company Equity Multiplier1.081.63331.4596
Slightly volatile
Long Term Debt To Capitalization0.20.33380.2906
Slightly volatile
Total Debt To Capitalization0.20.35910.299
Slightly volatile
Debt Equity Ratio0.290.56030.4473
Slightly volatile
Quick Ratio0.80.84632.4643
Slightly volatile
Cash Ratio0.450.47341.7569
Slightly volatile
Cash Conversion Cycle17216460.3718
Slightly volatile
Days Of Inventory Outstanding14613943.1645
Slightly volatile
Days Of Sales Outstanding44.9536.596136.1242
Slightly volatile
Price To Book Ratio1.191.62910.9116
Pretty Stable
Fixed Asset Turnover0.20.34110.2792
Slightly volatile
Debt Ratio0.190.3430.2898
Slightly volatile
Price Sales Ratio6.193.34485.1675
Slightly volatile
Asset Turnover0.180.29820.2387
Slightly volatile
Price Fair Value1.191.62910.9116
Pretty Stable

Nordic American Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap449.3 M876.9 M607.1 M
Very volatile
Enterprise Value573.5 M1.1 B852.3 M
Pretty Stable

Nordic Fundamental Market Drivers

Forward Price Earnings48.0769
Cash And Short Term Investments33.4 M

Nordic Upcoming Events

26th of February 2024
Upcoming Quarterly Report
View
27th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
26th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Nordic American Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Nordic American income statement, its balance sheet, and the statement of cash flows. Nordic American investors use historical funamental indicators, such as Nordic American's revenue or net income, to determine how well the company is positioned to perform in the future. Although Nordic American investors may use each financial statement separately, they are all related. The changes in Nordic American's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nordic American's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Nordic American Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Nordic American. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Deferred Revenue12.5 M13.2 M
Total Revenue262.2 M195.4 M
Cost Of Revenue111.4 M162.2 M
Stock Based Compensation To Revenue 0  0 
Sales General And Administrative To Revenue 0.09  0.08 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.28)(0.30)
Revenue Per Share 1.26  1.19 
Ebit Per Revenue 0.49  0.51 

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When determining whether Nordic American Tankers is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nordic Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nordic American Tankers Stock. Highlighted below are key reports to facilitate an investment decision about Nordic American Tankers Stock:
Check out the analysis of Nordic American Correlation against competitors.
Note that the Nordic American Tankers information on this page should be used as a complementary analysis to other Nordic American's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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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.
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Is Nordic American's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nordic American. If investors know Nordic will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nordic American listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.50)
Dividend Share
0.46
Earnings Share
0.47
Revenue Per Share
1.256
Quarterly Revenue Growth
(0.76)
The market value of Nordic American Tankers is measured differently than its book value, which is the value of Nordic that is recorded on the company's balance sheet. Investors also form their own opinion of Nordic American's value that differs from its market value or its book value, called intrinsic value, which is Nordic American's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nordic American's market value can be influenced by many factors that don't directly affect Nordic American's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nordic American's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nordic American is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nordic American's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.