Nordic American Tankers Balance Sheet - Quarterly (NYSE:NAT)

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$2.73 $0.06 (2.25%) NAT stock closing price Jun 21, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Nordic American Tankers balance sheet. As in our Nordic American Tankers 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. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Apart from analyzing Nordic American Tankers revenue Nordic American Tankers operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Nordic American Tankers balance sheet for 2018 Q1 shows cash on hand of $36.74M. The company has a debt to equity ratio of 0.55.

View and download Nordic American Tankers 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 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash36.74M58.35M31.14M33.99M45.64M82.17M151.55M29.51M45.2M29.88M
Marketable Securities----------
Receivables24.82M22.47M20.3M23.03M31.95M18.07M19.19M29.88M41M28.59M
Inventory24.63M23.08M21.4M23.55M22.34M20.88M21.39M17.18M13.87M14.84M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets20.85M23.06M20.71M27.97M28.25M42.58M28.76M26.05M34.85M44.85M
Total Current Assets
107.05M126.98M93.56M108.56M128.2M163.7M220.9M102.63M134.94M118.17M
Property Plant & Equipment----------
Accumulated Depreciation----------
Net Property Plant & Equipment
923.22M935.81M1.07B1.08B1.1B1.06B1.08B1B942.28M962.68M
Investment & Advances10.75M12.16M13.34M19.55M21.6M16.55M56.95M59.72M62.4M64.87M
Other Non-Current Assets----------
Deferred Charges----------
Intangibles--18.97M18.97M18.97M18.97M18.97M18.97M18.97M18.97M
Deposits & Other Assets65.93M66.09M50.6M60.61M60.59M92.61M42.49M81.96M79.6M79.9M
Total Assets
1.11B1.14B1.25B1.29B1.33B1.35B1.42B1.27B1.24B1.24B
Notes Payable----------
Accounts Payable5.03M3.21M3.79M4.34M4.22M4.29M3.6M4.67M4.33M4.24M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses7.1M22.11M22.8M7.22M9.25M17.23M9.21M6.89M5.48M16.61M
Income Taxes Payable----------
Other Current Liabilities9.43M--9.54M13.84M-8.76M9.66M12.99M-
Total Current Liabilities
21.56M25.33M26.6M21.11M27.32M21.52M21.57M21.23M22.81M20.85M
Mortgages----------
Deferred Taxes/Income16.33M15.81M14.76M14.75M14.93M14.51M15.47M14.89M13.55M13.04M
Convertible Debt----------
Long-Term Debt384.95M388.85M443.86M443.51M443.16M442.82M442.47M385M330M330M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
422.83M429.99M485.22M479.38M485.42M478.85M479.52M421.12M366.36M363.9M
Minority Interest----------
Preferred Stock----------
Common Stock Net-1.42M1.02M--1.02M----
Capital Surplus-920.25M819.8M--875.52M---880.8M
Retained Earnings--209.42M-58.06M---4.45M----
Treasury Stock----------
Other Liabilities--1.18M-0.88M---1.03M----0.97M
Shareholders Equity684.12M711.06M761.87M811.22M847.32M871.04M936.72M846.52M871.84M880.72M
Total Liabilities & Shareholders Equity1.11B1.14B1.25B1.29B1.33B1.35B1.42B1.27B1.24B1.24B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Nordic American Tankers stock price, and Nordic American Tankers 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 Tankers PE ratio chart. Below is a brief explanation of common balance sheet terms:

  • Assets: NAT total assets, which was at $1.11B for 2018 Q1 is a balance sheet item representing value of what Nordic American Tankers 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: The total liabilities of Nordic American Tankers for the quarter 2018 Q1 total to $422.83M. Liabilities for a company like Nordic American Tankers 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 Tankers Balance Sheet - Key Ratios

Current ratio
5.01
Debt to equity ratio
0.55
Asset turnover ratio
0.12
Receivables turnover
6.68
Price to book ratio
0.5

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