Nordic Interest Expense vs Income Tax Expense Analysis
| NAT Stock | USD 3.94 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 Interest Expense and its Income Tax Expense 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.
Interest Expense vs Income Tax Expense
Interest Expense vs Income Tax Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Interest Expense account and Income Tax Expense. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Nordic American's Interest Expense and Income Tax Expense is -0.5. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Income Tax Expense 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 Interest Expense and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Nordic American Tankers are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Interest Expense i.e., Nordic American's Interest Expense and Income Tax Expense go up and down completely randomly.
Correlation Coefficient | -0.5 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Income Tax Expense
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
Click cells to compare fundamentals
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary 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.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated |
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.