Nordic Capital Stock vs Long Term Debt Total Analysis
NAT Stock | USD 3.90 0.03 0.76% |
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 Capital Stock and its Long Term Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in nation.
Capital Stock vs Long Term Debt Total
Capital Stock vs Long Term Debt Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Capital Stock account and Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nordic American's Capital Stock and Long Term Debt Total is -0.37. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Long Term Debt 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 Capital Stock and Long Term Debt 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 Capital Stock of Nordic American Tankers are associated (or correlated) with its Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt Total has no effect on the direction of Capital Stock i.e., Nordic American's Capital Stock and Long Term Debt Total go up and down completely randomly.
Correlation Coefficient | -0.37 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Long Term Debt 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 tightly coupled with the direction of predictive economic indicators such as signals in nation. Selling General Administrative is likely to drop to about 11.5 M in 2024. Tax Provision is likely to drop to about 19.7 K in 2024
2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 26.4M | 27.1M | 1.1M | 1.1M | Tax Provision | 59K | 23K | 20.7K | 19.7K |
Nordic American fundamental ratios Correlations
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Nordic American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Nordic American fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.0B | 974.3M | 903.1M | 880.7M | 879.2M | 830.6M | |
Other Current Liab | 15.6M | 13.3M | 20.8M | 20.5M | 22.6M | 23.7M | |
Total Current Liabilities | 59.0M | 39.7M | 67.6M | 73.3M | 70.5M | 74.0M | |
Total Stockholder Equity | 595.4M | 599.1M | 550.1M | 540.0M | 538.3M | 608.3M | |
Property Plant And Equipment Net | 900.0M | 872.3M | 790.9M | 735.1M | 768.6M | 725.5M | |
Net Debt | 351.0M | 298.9M | 286.2M | 246.5M | 268.2M | 166.3M | |
Retained Earnings | (10.4M) | 0.0 | (171.3M) | (156.2M) | (140.6M) | (133.6M) | |
Cash | 48.8M | 57.8M | 34.7M | 59.6M | 33.4M | 35.0M | |
Non Current Assets Total | 901.5M | 874.8M | 795.4M | 737.2M | 770.3M | 746.6M | |
Non Currrent Assets Other | 1.5M | 2.5M | 4.5M | 2.1M | 1.7M | 1.6M | |
Cash And Short Term Investments | 49.7M | 57.8M | 34.7M | 59.6M | 33.4M | 35.1M | |
Net Receivables | 24.6M | 6.3M | 9.4M | 20.5M | 26.3M | 17.2M | |
Common Stock Shares Outstanding | 142.6M | 149.3M | 162.5M | 202.0M | 208.8M | 219.2M | |
Liabilities And Stockholders Equity | 1.0B | 974.3M | 903.1M | 880.7M | 879.2M | 830.6M | |
Inventory | 22.5M | 19.4M | 20.9M | 25.4M | 42.4M | 44.5M | |
Other Current Assets | 16.5M | 6.2M | 12.4M | 28.3M | 6.9M | 6.6M | |
Other Stockholder Equity | 605.7M | 598.9M | 721.2M | 695.9M | 800.3M | 687.8M | |
Total Liab | 435.5M | 375.2M | 352.9M | 340.8M | 340.9M | 222.4M | |
Total Current Assets | 129.4M | 99.5M | 107.6M | 143.5M | 108.9M | 84.1M | |
Accumulated Other Comprehensive Income | (1.4M) | (1.3M) | (1.6M) | (1.8M) | (2.1M) | (2.2M) | |
Common Stock | 1.5M | 1.5M | 1.8M | 2.1M | 538.3M | 565.2M | |
Short Long Term Debt Total | 399.8M | 356.7M | 321.0M | 306.0M | 301.6M | 226.5M | |
Accounts Payable | 8.4M | 4.1M | 6.6M | 7.0M | 3.4M | 4.5M | |
Non Current Liabilities Total | 376.5M | 335.5M | 285.3M | 267.5M | 270.4M | 207.4M | |
Short Term Debt | 23.5M | 22.1M | 37.5M | 39.7M | 31.9M | 30.3M | |
Long Term Debt | 375.4M | 334.6M | 283.4M | 266.3M | 306.3M | 242.2M | |
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 | |
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 | 23.5M | 22.1M | 37.5M | 39.7M | 35.7M | 33.9M | |
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 | 994.3M | 356.7M | 321.0M | 306.0M | 275.4M | 548.9M | |
Net Working Capital | 70.3M | 59.8M | 40.0M | 70.2M | 63.2M | 55.8M |
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Try AI Portfolio ArchitectCheck 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 tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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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.