Nordic Net Invested Capital vs Cash And Equivalents 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 Net Invested Capital and its Cash And Equivalents 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.

Net Invested Capital vs Cash And Equivalents

Net Invested Capital vs Cash And Equivalents Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Net Invested Capital account and Cash And Equivalents. At this time, the significance of the direction appears to have strong relationship.

The correlation between Nordic American's Net Invested Capital and Cash And Equivalents is 0.68. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Cash And Equivalents 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 Net Invested Capital and Cash And Equivalents is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Invested Capital of Nordic American Tankers are associated (or correlated) with its Cash And Equivalents. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Equivalents has no effect on the direction of Net Invested Capital i.e., Nordic American's Net Invested Capital and Cash And Equivalents go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

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Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Cash And Equivalents

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

Interest Income Tax Provision

Nordic American fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Current Liabilities Total	Short Term Debt	Long Term Debt	Property Plant Equipment
Total Assets		0.4	-0.1	0.93	0.99	0.67	-0.06	0.66	0.99	-0.75	0.66	0.6	0.17	0.0	0.15	0.68	0.63	0.77	0.77	-0.22	0.73	0.42	0.81	0.72	0.77	0.95
Other Current Liab	0.4		0.77	0.23	0.4	0.51	-0.41	0.27	0.36	-0.75	0.27	0.5	0.85	0.81	0.83	0.16	0.49	0.55	0.54	0.52	0.53	0.34	0.44	0.02	0.54	0.44
Total Current Liabilities	-0.1	0.77		-0.3	-0.08	0.3	-0.39	-0.02	-0.15	-0.54	-0.03	0.24	0.87	0.95	0.77	-0.2	0.18	0.28	0.23	0.57	0.28	0.42	0.11	-0.58	0.23	0.04
Total Stockholder Equity	0.93	0.23	-0.3		0.89	0.35	0.14	0.6	0.93	-0.58	0.6	0.49	-0.1	-0.23	0.02	0.67	0.5	0.47	0.64	-0.21	0.42	0.36	0.54	0.83	0.49	0.86
Property Plant And Equipment Net	0.99	0.4	-0.08	0.89		0.72	-0.01	0.58	0.99	-0.74	0.58	0.59	0.19	0.02	0.12	0.62	0.57	0.79	0.69	-0.21	0.76	0.37	0.84	0.67	0.8	0.97
Net Debt	0.67	0.51	0.3	0.35	0.72		-0.33	0.32	0.66	-0.7	0.32	0.56	0.58	0.41	0.27	0.35	0.52	0.97	0.57	-0.13	0.98	0.27	0.95	0.18	0.96	0.7
Retained Earnings	-0.06	-0.41	-0.39	0.14	-0.01	-0.33		-0.33	-0.01	0.27	-0.32	-0.14	-0.57	-0.5	-0.48	0.26	-0.77	-0.38	-0.31	-0.18	-0.39	-0.02	-0.34	0.18	-0.37	0.0
Cash	0.66	0.27	-0.02	0.6	0.58	0.32	-0.33		0.6	-0.55	1.0	0.17	0.17	0.06	0.21	0.46	0.67	0.52	0.85	-0.24	0.49	0.47	0.54	0.45	0.5	0.56
Non Current Assets Total	0.99	0.36	-0.15	0.93	0.99	0.66	-0.01	0.6		-0.71	0.6	0.59	0.13	-0.05	0.1	0.65	0.59	0.74	0.7	-0.23	0.71	0.36	0.8	0.73	0.76	0.96
Non Currrent Assets Other	-0.75	-0.75	-0.54	-0.58	-0.74	-0.7	0.27	-0.55	-0.71		-0.55	-0.6	-0.68	-0.6	-0.62	-0.39	-0.62	-0.77	-0.77	-0.17	-0.74	-0.63	-0.7	-0.13	-0.74	-0.83
Cash And Short Term Investments	0.66	0.27	-0.03	0.6	0.58	0.32	-0.32	1.0	0.6	-0.55		0.18	0.17	0.05	0.21	0.46	0.66	0.52	0.85	-0.25	0.49	0.47	0.54	0.45	0.51	0.57
Net Receivables	0.6	0.5	0.24	0.49	0.59	0.56	-0.14	0.17	0.59	-0.6	0.18		0.36	0.31	0.44	0.52	0.46	0.58	0.54	0.22	0.54	0.3	0.56	0.3	0.58	0.6
Common Stock Total Equity	0.17	0.85	0.87	-0.1	0.19	0.58	-0.57	0.17	0.13	-0.68	0.17	0.36		0.95	0.84	-0.12	0.44	0.57	0.39	0.51	0.59	0.27	0.45	-0.37	0.56	0.26
Common Stock Shares Outstanding	0.0	0.81	0.95	-0.23	0.02	0.41	-0.5	0.06	-0.05	-0.6	0.05	0.31	0.95		0.84	-0.15	0.32	0.39	0.29	0.62	0.4	0.27	0.25	-0.51	0.37	0.13
Inventory	0.15	0.83	0.77	0.02	0.12	0.27	-0.48	0.21	0.1	-0.62	0.21	0.44	0.84	0.84		-0.06	0.45	0.32	0.42	0.77	0.32	0.22	0.22	-0.22	0.35	0.22
Other Current Assets	0.68	0.16	-0.2	0.67	0.62	0.35	0.26	0.46	0.65	-0.39	0.46	0.52	-0.12	-0.15	-0.06		0.2	0.44	0.68	-0.38	0.4	0.37	0.48	0.66	0.41	0.55
Other Stockholder Equity	0.63	0.49	0.18	0.5	0.57	0.52	-0.77	0.67	0.59	-0.62	0.66	0.46	0.44	0.32	0.45	0.2		0.63	0.69	0.06	0.61	0.26	0.63	0.34	0.63	0.56
Total Liab	0.77	0.55	0.28	0.47	0.79	0.97	-0.38	0.52	0.74	-0.77	0.52	0.58	0.57	0.39	0.32	0.44	0.63		0.73	-0.16	0.99	0.37	0.98	0.28	0.98	0.77
Total Current Assets	0.77	0.54	0.23	0.64	0.69	0.57	-0.31	0.85	0.7	-0.77	0.85	0.54	0.39	0.29	0.42	0.68	0.69	0.73		-0.14	0.69	0.63	0.7	0.42	0.69	0.69
Common Stock	-0.22	0.52	0.57	-0.21	-0.21	-0.13	-0.18	-0.24	-0.23	-0.17	-0.25	0.22	0.51	0.62	0.77	-0.38	0.06	-0.16	-0.14		-0.15	-0.19	-0.22	-0.33	-0.08	-0.08
Short Long Term Debt Total	0.73	0.53	0.28	0.42	0.76	0.98	-0.39	0.49	0.71	-0.74	0.49	0.54	0.59	0.4	0.32	0.4	0.61	0.99	0.69	-0.15		0.32	0.98	0.24	0.99	0.74
Accounts Payable	0.42	0.34	0.42	0.36	0.37	0.27	-0.02	0.47	0.36	-0.63	0.47	0.3	0.27	0.27	0.22	0.37	0.26	0.37	0.63	-0.19	0.32		0.27	-0.02	0.26	0.45
Non Current Liabilities Total	0.81	0.44	0.11	0.54	0.84	0.95	-0.34	0.54	0.8	-0.7	0.54	0.56	0.45	0.25	0.22	0.48	0.63	0.98	0.7	-0.22	0.98	0.27		0.4	0.99	0.79
Short Term Debt	0.72	0.02	-0.58	0.83	0.67	0.18	0.18	0.45	0.73	-0.13	0.45	0.3	-0.37	-0.51	-0.22	0.66	0.34	0.28	0.42	-0.33	0.24	-0.02	0.4		0.32	0.54
Long Term Debt	0.77	0.54	0.23	0.49	0.8	0.96	-0.37	0.5	0.76	-0.74	0.51	0.58	0.56	0.37	0.35	0.41	0.63	0.98	0.69	-0.08	0.99	0.26	0.99	0.32		0.78
Property Plant Equipment	0.95	0.44	0.04	0.86	0.97	0.7	0.0	0.56	0.96	-0.83	0.57	0.6	0.26	0.13	0.22	0.55	0.56	0.77	0.69	-0.08	0.74	0.45	0.79	0.54	0.78

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Nordic American Account Relationship Matchups

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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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:

How To Invest In Nordic

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Is Nordic Stock a good investment?

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What is Nordic American's Net Worth?

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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.

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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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.

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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.

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Nordic Net Invested Capital vs Cash And Equivalents Analysis

Net Invested Capital vs Cash And Equivalents

Net Invested Capital vs Cash And Equivalents Correlation Analysis

Correlation Coefficient

Net Invested Capital

Cash And Equivalents

Nordic American fundamental ratios Correlations

Nordic American Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nordic American fundamental ratios Accounts

Nordic American Investors Sentiment

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Nordic Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Short Long Term Debt Total	+ 0.99	Total Liab
Long Term Debt	+ 0.99	Short Long Term Debt Total

Property Plant Equipment	- 0.83	Non Currrent Assets Other
Total Current Assets	- 0.77	Non Currrent Assets Other
Total Liab	- 0.77	Non Currrent Assets Other
Other Stockholder Equity	- 0.77	Retained Earnings
Non Currrent Assets Other	- 0.75	Other Current Liab
Non Currrent Assets Other	- 0.75	Total Assets