Nordic Historical Income Statement
| NAT Stock | USD 3.83 0.05 1.29% |
Historical analysis of Nordic American income statement accounts such as Total Revenue of 195.4 M can show how well Nordic American Tankers performed in making a profits. Evaluating Nordic American income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Nordic American's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Nordic American Tankers latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Nordic American Tankers is a good buy for the upcoming year.
Nordic |
About Nordic Income Statement Analysis
Nordic American Tankers Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Nordic American shareholders. The income statement also shows Nordic investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Nordic American Income Statement Chart
Nordic American Tankers Income Statement is one of the three primary financial statements used for reporting Nordic's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nordic American Tankers revenue and expense. Nordic American Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Nordic American's Net Income is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 162.2 M in 2024, whereas Total Revenue is likely to drop slightly above 195.4 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Nordic American Tankers generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Nordic American Tankers. It is also known as Nordic American overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Nordic American's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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. At this time, Nordic American's Net Income is comparatively stable compared to the past year. Cost Of Revenue is likely to gain to about 162.2 M in 2024, whereas Total Revenue is likely to drop slightly above 195.4 M 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 income statement Correlations
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Nordic American Account Relationship Matchups
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Nordic American income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 64.0M | 67.8M | 7.9M | (5.4M) | 51.4M | 44.0M | |
| Interest Expense | 38.4M | 31.5M | 26.4M | 27.1M | 30.5M | 32.0M | |
| Selling General Administrative | 13.5M | 17.6M | 15.6M | 18.8M | 22.1M | 11.5M | |
| Total Revenue | 317.2M | 354.6M | 195.8M | 339.3M | 262.2M | 195.4M | |
| Gross Profit | 45.5M | 98.8M | (68.5M) | 55.0M | 150.8M | 158.3M | |
| Other Operating Expenses | 285.2M | 273.4M | 279.9M | 303.2M | 134.3M | 173.2M | |
| Operating Income | (35.9M) | 13.7M | (92.6M) | 41.9M | 127.9M | 134.3M | |
| Ebit | (35.9M) | 13.7M | (92.6M) | 41.9M | 127.9M | 134.3M | |
| Ebitda | 28.0M | 81.5M | (84.6M) | 36.5M | 179.3M | 188.3M | |
| Total Operating Expenses | 13.5M | 17.6M | 15.6M | 18.8M | 22.9M | 29.1M | |
| Income Before Tax | (10.4M) | 50.0M | (119.4M) | 15.1M | 98.7M | 103.6M | |
| Total Other Income Expense Net | 25.6M | 36.4M | (26.9M) | (26.8M) | (29.2M) | (27.7M) | |
| Net Income | (10.4M) | 50.0M | (119.5M) | 15.1M | 98.7M | 103.6M | |
| Income Tax Expense | 71K | 64K | 59K | (289K) | (260.1K) | (247.1K) | |
| Cost Of Revenue | 271.8M | 255.8M | 264.3M | 284.4M | 111.4M | 162.2M | |
| Net Income Applicable To Common Shares | (10.4M) | 50.0M | (119.4M) | 15.1M | 13.6M | 14.3M | |
| Net Income From Continuing Ops | (10.4M) | 50.0M | (119.4M) | 15.1M | 117.2M | 123.1M | |
| Tax Provision | 71K | 64K | 59K | 23K | 20.7K | 19.7K | |
| Interest Income | 38.1M | 96K | 26.4M | 27.1M | 1.1M | 1.1M | |
| Net Interest Income | (42.3M) | (31.2M) | (26.9M) | (26.8M) | (29.8M) | (31.2M) | |
| Reconciled Depreciation | 64.0M | 67.8M | 68.4M | 50.4M | 45.4M | 54.9M |
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 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.