Nordic Short Long Term Debt vs Net Working Capital 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 Short Long Term Debt and its Net Working Capital 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.

Short Long Term Debt vs Net Working Capital

Short Long Term Debt vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Short Long Term Debt account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nordic American's Short Long Term Debt and Net Working Capital is 0.86. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Working Capital 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 Short Long Term Debt and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Nordic American Tankers are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Long Term Debt i.e., Nordic American's Short Long Term Debt and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Short Long Term Debt

The total of a company’s short-term and long-term borrowings.

Net Working Capital

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

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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 Global Correlations module to find global opportunities by holding instruments from different markets.

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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 Short Long Term Debt vs Net Working Capital Analysis

Short Long Term Debt vs Net Working Capital

Short Long Term Debt vs Net Working Capital Correlation Analysis

Correlation Coefficient

Short Long Term Debt

Net Working Capital

Nordic American fundamental ratios Correlations

Nordic American Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nordic American fundamental ratios Accounts

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

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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