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

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$0.99 $0.02 (1.98%) NAO stock closing price Sep 24, 2018 (Closing)

The Nordic American Offshore balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Nordic American Offshore stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. Apart from analyzing Nordic American Offshore revenue Nordic American Offshore operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Nordic American Offshore balance sheet for 2018 Q2 shows cash on hand of $11.68M. The company has a debt to equity ratio of 0.6.

View and download Nordic American Offshore quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash11.68M23.29M31.5M35.3M40.49M46.87M2.95M3.66M8.64M6.25M
Marketable Securities----------
Receivables4M2.66M2.09M4.27M2.05M2.13M1.49M2.21M3.32M3.44M
Inventory1.87M1.58M1.51M1.2M1.19M1.67M1.24M1.44M1.45M-
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets3.48M2.48M1.96M2.6M2.16M2.04M2.22M2.24M2.85M3.04M
Total Current Assets
21.04M30.04M37.07M43.39M45.9M52.72M7.9M9.57M16.27M13.63M
Property Plant & Equipment--410.29M---409.13M---
Accumulated Depreciation--59.65M---42.18M---
Net Property Plant & Equipment
345.08M346.86M350.63M355.03M358.78M362.96M366.94M371.18M375.36M310.06M
Investment & Advances---------7.99M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles----------
Deposits & Other Assets---------1.07M
Total Assets
366.13M376.9M387.71M398.43M404.69M415.69M374.85M381.65M392.62M332.76M
Notes Payable----------
Accounts Payable1.3M-1.04M1.14M1.38M1.4M-1.13M1.71M1.36M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses--1.76M---2.21M---
Income Taxes Payable----------
Other Current Liabilities1.83M1.87M-2.92M2.03M3.61M-3.18M3.46M4.36M
Total Current Liabilities
3.14M2.63M2.8M4.06M3.41M5.02M4.08M4.31M5.17M5.72M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt136.11M136.64M136.55M136.46M136.37M136.28M136.19M132M132M62M
Non-Current Capital Leases----------
Other Long-Term Liabilities--------1.01M1.4M
Total Liabilities
139.3M139.36M139.43M140.55M139.81M141.4M140.65M137M138.19M69.13M
Minority Interest----------
Preferred Stock----------
Common Stock Net----------
Capital Surplus--319.94M---276.95M---
Retained Earnings---72.32M----42.99M---
Treasury Stock----------
Other Liabilities----------
Shareholders Equity226.83M237.54M248.27M257.88M264.88M274.28M234.19M244.64M254.42M263.63M
Total Liabilities & Shareholders Equity366.13M376.9M387.71M398.43M404.69M415.69M374.85M381.65M392.62M332.76M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Nordic American Offshore stock price by looking at Nordic American Offshore historical stock prices. One can compare PE with industry average by looking at the Nordic American Offshore PE ratio chart. The common balance sheet items are:

  • Assets: NAO total assets, which was at $366.13M for 2018 Q2 is a balance sheet item representing value of what Nordic American Offshore owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Nordic American Offshore is $139.3M. Shareholders equity comes under liabilities as it is money the company owes the holders of NAO stock.

Nordic American Offshore Balance Sheet - Key Ratios

Current ratio
6.7
Debt to equity ratio
0.6
Asset turnover ratio
0.05
Receivables turnover
5.3
Price to book ratio
0.25