Nordic American Offshore Balance Sheet - Annual (NYSE:NAO)

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$1.1 $0.01 (0.9%) NAO stock closing price Jun 15, 2018 (Closing)

A thorough fundamental analysis involves using data from Nordic American Offshore balance sheet, apart from other financial statements, to value the business. As in our Nordic American Offshore stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. A company releases its balance sheet every year along with its annual results. The balance sheet shows total liabilities of $139.43M and shareholders equity of $248.27M. Nordic American Offshore revenue and Nordic American Offshore operating cash flow are important in understanding the financial capacity of the company.

View latest 10 year balance sheet data to check Nordic American Offshore financial performance.
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Fiscal year is Jan - Dec2017201620152014
Cash31.5M2.95M5.33M46.39M
Marketable Securities----
Receivables2.09M1.49M3.97M3.1M
Inventory1.51M1.24M--
Raw Materials----
Work In Progress----
Finished Goods----
Notes Receivable----
Other Current Assets1.96M2.22M4.45M2M
Total Current Assets
37.07M7.9M14.56M51.74M
Property Plant & Equipment410.29M409.13M339.67M-
Accumulated Depreciation59.65M42.18M26.03M-
Net Property Plant & Equipment
350.63M366.94M313.64M255.04M
Investment & Advances--7.99M-
Other Non-Current Assets----
Deferred Charges----
Intangibles----
Deposits & Other Assets--1.16M15.63M
Total Assets
387.71M374.85M337.36M322.42M
Notes Payable----
Accounts Payable1.04M-1.23M1.55M
Current Portion Long-Term Debt----
Current Portion Capital Leases----
Accrued Expenses1.76M2.21M5.28M-
Income Taxes Payable---1.21M
Other Current Liabilities--1.21M-
Total Current Liabilities
2.8M4.08M7.73M3.19M
Mortgages----
Deferred Taxes/Income----
Convertible Debt----
Long-Term Debt136.55M136.19M47M-
Non-Current Capital Leases----
Other Long-Term Liabilities--1.77M-
Total Liabilities
139.43M140.65M56.51M3.19M
Minority Interest----
Preferred Stock----
Common Stock Net----
Capital Surplus319.94M276.95M-318.99M
Retained Earnings-72.32M-42.99M--
Treasury Stock----
Other Liabilities----
Shareholders Equity248.27M234.19M280.85M319.23M
Total Liabilities & Shareholders Equity387.71M374.85M337.36M322.42M
All figures in USD. M: Millions of USD, B: Billions of USD.

Most investors just check the Nordic American Offshore stock price, and Nordic American Offshore historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Nordic American Offshore PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: An asset is a resource that a corporation like Nordic American Offshore owns and has monetary significance. NAO assets grew from $374.85M in 2016 to $387.71M in 2017. Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of Nordic American Offshore for the year 2017 total to $139.43M. Liabilities for a company like Nordic American Offshore include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Nordic American Offshore Balance Sheet - Key Ratios

Current ratio
11.38
Debt to equity ratio
0.58
Asset turnover ratio
0.03
Receivables turnover
5.83
Price to book ratio
0.27