Nordic Interest Income from 2010 to 2024

NAT Stock  USD 3.94  0.03  0.76%   
Nordic American Interest Income yearly trend continues to be comparatively stable with very little volatility. Interest Income will likely drop to about 1.1 M in 2024. Interest Income is income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments. View All Fundamentals
 
Interest Income  
First Reported
2010-12-31
Previous Quarter
1.1 M
Current Value
1.1 M
Quarterly Volatility
11.7 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
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 0.13 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.

Latest Nordic American's Interest Income Growth Pattern

Below is the plot of the Interest Income of Nordic American Tankers over the last few years. It is income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments. Nordic American's Interest Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nordic American's overall financial position and show how it may be relating to other accounts over time.
Interest Income10 Years Trend
Very volatile
   Interest Income   
       Timeline  

Nordic Interest Income Regression Statistics

Arithmetic Mean14,853,383
Geometric Mean8,014,672
Coefficient Of Variation79.02
Mean Deviation9,440,544
Median10,741,000
Standard Deviation11,736,686
Sample Variance137.7T
Range38M
R-Value0.09
Mean Square Error147.2T
R-Squared0.01
Significance0.75
Slope232,115
Total Sum of Squares1928.5T

Nordic Interest Income History

20241.1 M
20231.1 M
202227.1 M
202126.4 M
202096 K
201938.1 M
201834.2 M

Other Fundumenentals of Nordic American Tankers

Nordic American Interest Income component correlations

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0.930.350.140.490.470.64-0.210.360.830.490.860.120.490.18-0.180.550.180.180.430.410.440.48-0.38
0.670.35-0.330.560.970.57-0.130.270.180.960.70.55-0.360.180.77-0.110.180.78-0.14-0.42-0.11-0.260.02
-0.060.14-0.33-0.14-0.38-0.31-0.18-0.020.18-0.370.0-0.380.440.17-0.50.260.17-0.290.190.480.290.36-0.28
0.60.490.56-0.140.580.540.220.30.30.580.60.75-0.12-0.130.370.05-0.130.270.06-0.070.130.110.19
0.770.470.97-0.380.580.73-0.160.370.280.980.770.51-0.280.210.69-0.040.210.74-0.09-0.34-0.07-0.180.0
0.770.640.57-0.310.540.73-0.140.630.420.690.690.29-0.020.170.290.120.170.360.01-0.030.00.030.04
-0.22-0.21-0.13-0.180.22-0.16-0.14-0.19-0.33-0.08-0.080.48-0.51-0.950.22-0.38-0.95-0.29-0.52-0.39-0.49-0.450.69
0.420.360.27-0.020.30.370.63-0.19-0.020.260.45-0.06-0.160.150.04-0.280.15-0.07-0.32-0.19-0.14-0.250.08
0.720.830.180.180.30.280.42-0.33-0.020.320.540.110.720.31-0.240.910.310.270.670.630.620.74-0.49
0.770.490.96-0.370.580.980.69-0.080.260.320.780.59-0.240.110.680.010.110.8-0.06-0.320.0-0.14-0.05
0.950.860.70.00.60.770.69-0.080.450.540.780.30.080.10.20.170.10.380.110.020.150.1-0.15
0.30.120.55-0.380.750.510.290.48-0.060.110.590.3-0.33-0.460.6-0.02-0.460.53-0.12-0.350.01-0.120.25
0.240.49-0.360.44-0.12-0.28-0.02-0.51-0.160.72-0.240.08-0.330.44-0.740.850.44-0.060.80.920.830.9-0.75
0.220.180.180.17-0.130.210.17-0.950.150.310.110.1-0.460.44-0.130.361.00.240.490.40.410.44-0.54
0.16-0.180.77-0.50.370.690.290.220.04-0.240.680.20.6-0.74-0.13-0.4-0.130.57-0.52-0.71-0.56-0.610.48
0.380.55-0.110.260.05-0.040.12-0.38-0.280.910.010.17-0.020.850.36-0.40.360.180.780.760.720.86-0.57
0.220.180.180.17-0.130.210.17-0.950.150.310.110.1-0.460.441.0-0.130.360.240.490.40.410.44-0.54
0.450.180.78-0.290.270.740.36-0.29-0.070.270.80.380.53-0.060.240.570.180.240.13-0.210.250.03-0.37
0.270.43-0.140.190.06-0.090.01-0.52-0.320.67-0.060.11-0.120.80.49-0.520.780.490.130.70.830.87-0.65
0.150.41-0.420.48-0.07-0.34-0.03-0.39-0.190.63-0.320.02-0.350.920.4-0.710.760.4-0.210.70.680.9-0.52
0.290.44-0.110.290.13-0.070.0-0.49-0.140.620.00.150.010.830.41-0.560.720.410.250.830.680.87-0.84
0.270.48-0.260.360.11-0.180.03-0.45-0.250.74-0.140.1-0.120.90.44-0.610.860.440.030.870.90.87-0.65
-0.28-0.380.02-0.280.190.00.040.690.08-0.49-0.05-0.150.25-0.75-0.540.48-0.57-0.54-0.37-0.65-0.52-0.84-0.65
Click cells to compare fundamentals

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 Interest 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
Interest Income1.1 M1.1 M
Net Interest Income-29.8 M-31.2 M

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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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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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.