Nordic Long Term Debt vs Short Long Term Debt Analysis
NAT Stock | USD 3.88 0.02 0.51% |
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 Long Term Debt and its Short Long Term Debt 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.
Long Term Debt vs Short Long Term Debt
Long Term Debt vs Short Long Term Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Long Term Debt account and Short Long Term Debt. At this time, the significance of the direction appears to have no relationship.
The correlation between Nordic American's Long Term Debt and Short Long Term Debt is 0.01. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Short Long Term Debt 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 Long Term Debt and Short Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Nordic American Tankers are associated (or correlated) with its Short Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt has no effect on the direction of Long Term Debt i.e., Nordic American's Long Term Debt and Short Long Term Debt go up and down completely randomly.
Correlation Coefficient | 0.01 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Long Term Debt
Long-term debt is a debt that Nordic American Tankers has held for over one year. Long-term debt appears on Nordic American Tankers balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nordic American Tankers balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.Short Long Term Debt
The total of a company’s short-term and long-term borrowings.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 |
Nordic American Investors Sentiment
The influence of Nordic American's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Nordic. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Nordic American's public news can be used to forecast risks associated with an investment in Nordic. The trend in average sentiment can be used to explain how an investor holding Nordic can time the market purely based on public headlines and social activities around Nordic American Tankers. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Nordic American's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Nordic American's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Nordic American's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Nordic American.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nordic American in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nordic American's short interest history, or implied volatility extrapolated from Nordic American options trading.
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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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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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.