Nordic American Tankers Limited (NAT) quarterly balance sheet — complete assets, liabilities & equity history
Nordic American Tankers Limited (NAT) balance sheet — 29-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 224.08M | 194.91M | 150.87M | 131.88M | 150.93M | 156.35M | 98.77M | 106.71M | 117.46M | 113.22M | 108.91M | 132.62M | 170.69M | 138.7M | 142.66M | 143.86M | 135.56M | 110.37M | 107.61M | 104.44M |
| Cash & Short-Term Investments | 133.29M | 81.12M | 45.86M | 67.58M | 94.49M | 103.23M | 39.18M | 40.5M | 47.59M | 50.03M | 33.36M | 69.15M | 96.48M | 56.62M | 59.58M | 37.15M | 35.57M | 37.13M | 34.74M | 32.03M |
| Cash Only | 133.29M | 81.12M | 45.86M | 67.58M | 94.49M | 103.23M | 39.18M | 40.5M | 40.76M | 50.03M | 33.36M | 69.15M | 96.48M | 56.62M | 59.58M | 37.15M | 35.57M | 37.13M | 34.74M | 32.03M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 21.81M | 23.18M | 19.04M | 16.06M | 14.5M | 16.78M | 16.22M | 20.12M | 22.8M | 22.32M | 26.29M | 21.96M | 27.54M | 26.48M | 20.47M | 25.89M | 11.39M | 8.42M | 9.37M | 8.13M |
| Days Sales Outstanding | 19.55 | 17.85 | 18.79 | 18.74 | 21.33 | 22.92 | 22.46 | 24.02 | 20.99 | 23.21 | 37.46 | 29.02 | 24.8 | 17.4 | 30 | 16.35 | 12.03 | 16.26 | 14.63 | 23.94 |
| Inventory | 33.95M | 38.94M | 37.5M | 30.44M | 19.08M | 20.78M | 28.5M | 24.09M | 39.01M | 34.48M | 42.36M | 22.19M | 23.23M | 25.68M | 49.43M | 27.08M | 34.05M | 22.78M | 20.87M | 16.75M |
| Days Inventory Outstanding | 61.46 | 58.47 | 54.96 | 37.24 | 30.27 | 39.18 | 42.72 | 48.24 | 53.54 | 54.32 | 103.11 | 36.22 | 37.13 | 55.39 | 125.92 | 33.23 | 37.26 | 31.05 | 26.66 | 25.11 |
| Other Current Assets | 18.73M | 31.18M | 40.07M | 9.67M | 15.05M | 10.53M | 8.64M | 17.45M | 1.45M | 2.19M | 2.58M | 14.13M | 18.38M | 22.45M | 7.2M | 48.29M | 48.26M | 35.67M | 37.27M | 43.53M |
| Total Non-Current Assets | 693.42M | 706.35M | 751.3M | 795.09M | 806.46M | 710.91M | 718.82M | 733.12M | 744.35M | 756.5M | 770.29M | 703.72M | 711.8M | 724.28M | 737.22M | 738.07M | 763.61M | 718.73M | 795.45M | 807.33M |
| Property, Plant & Equipment | 690.63M | 703.41M | 748.21M | 791.84M | 803.08M | 707.46M | 715.27M | 729.26M | 741.59M | 754.51M | 768.58M | 702.24M | 710.12M | 722.39M | 735.13M | 735.78M | 762.54M | 715.66M | 790.94M | 802.6M |
| Fixed Asset Turnover | 0.15x | 0.15x | 0.11x | 0.09x | 0.09x | 0.09x | 0.10x | 0.11x | 0.13x | 0.13x | 0.08x | 0.11x | 0.14x | 0.17x | 0.10x | 0.14x | 0.10x | 0.07x | 0.07x | 0.05x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.79M | 2.94M | 3.09M | 3.25M | 3.38M | 3.45M | 3.54M | 3.86M | 2.77M | 1.98M | 1.7M | 1.48M | 1.68M | 1.89M | 2.09M | 2.29M | 1.07M | 3.07M | 4.51M | 4.73M |
| Total Assets | 917.5M | 901.26M | 902.16M | 926.96M | 957.39M | 867.27M | 817.59M | 839.83M | 861.81M | 869.72M | 879.2M | 836.33M | 882.49M | 862.99M | 880.74M | 881.93M | 899.17M | 829.1M | 903.06M | 911.77M |
| Asset Turnover | 0.12x | 0.12x | 0.09x | 0.08x | 0.07x | 0.08x | 0.09x | 0.10x | 0.11x | 0.11x | 0.07x | 0.09x | 0.11x | 0.14x | 0.08x | 0.12x | 0.09x | 0.06x | 0.06x | 0.04x |
| Asset Growth % | -4.17% | 3.92% | 10.34% | 10.37% | 11.09% | -0.28% | -7.01% | 0.42% | -2.34% | 0.78% | -0.17% | -5.17% | -1.85% | 4.09% | -2.47% | -3.27% | -3.27% | -12.67% | -7.32% | -7.83% |
| Total Current Liabilities | 68.43M | 64.98M | 67.42M | 67.5M | 64.7M | 101.54M | 59.78M | 146.44M | 147.84M | 147.71M | 70.48M | 73.42M | 93.92M | 144.94M | 72.41M | 80.17M | 88.79M | 72.49M | 67.64M | 74.16M |
| Accounts Payable | 3.56M | 5.65M | 2.53M | 4.03M | 5.34M | 4.08M | 4.26M | 5.47M | 2.62M | 2.93M | 3.45M | 3.99M | 1.71M | 3.19M | 6.96M | 4.64M | 7.91M | 6.61M | 6.55M | 4.37M |
| Days Payables Outstanding | 7.77 | 6.26 | 5.3 | 7.04 | 7.15 | 6.63 | 7.91 | 6.19 | 4.04 | 4.5 | 11.87 | 4.54 | 3.72 | 7.49 | 19.09 | 6.82 | 9.52 | 9.36 | 7.74 | 5.64 |
| Short-Term Debt | 35.4M | 35.4M | 35.4M | 35.4M | 35.41M | 76.11M | 21.56M | 95.92M | 98.73M | 101.54M | 31.9M | 25.86M | 42.95M | 123.84M | 39.7M | 46.03M | 41.58M | 39.18M | 37.55M | 51.79M |
| Deferred Revenue (Current) | 0 | 0 | 3.84M | 0 | 0 | 0 | 0 | 0 | 5.19M | 25.06M | 3.95M | 33.06M | 0 | 0 | 6.15M | 0 | 1.34M | 0 | 2.76M | 9.85M |
| Other Current Liabilities | 29.46M | 9.34M | 870K | 10.36M | 11.71M | 7.92M | 6.58M | 9M | 2.41M | 8.85M | 1.62M | 4.6M | 35.37M | 10.63M | 1.82M | 16.23M | 5.89M | 8.51M | 1.8M | 22K |
| Current Ratio | 3.27x | 3.00x | 2.24x | 1.95x | 2.33x | 1.54x | 1.65x | 0.73x | 0.79x | 0.77x | 1.55x | 1.81x | 1.82x | 0.96x | 1.97x | 1.79x | 1.53x | 1.52x | 1.59x | 1.41x |
| Quick Ratio | 2.78x | 2.40x | 1.68x | 1.50x | 2.04x | 1.34x | 1.18x | 0.56x | 0.53x | 0.53x | 0.94x | 1.50x | 1.57x | 0.78x | 1.29x | 1.46x | 1.14x | 1.21x | 1.28x | 1.18x |
| Cash Conversion Cycle | 73.25 | 70.06 | 68.45 | 48.94 | 44.45 | 55.48 | 57.28 | 66.07 | 70.5 | 73.02 | 128.69 | 60.7 | 58.21 | 65.31 | 136.82 | 42.76 | 39.77 | 37.94 | 33.55 | 43.41 |
| Total Non-Current Liabilities | 371.44M | 380.33M | 389.22M | 398.34M | 407.64M | 265.14M | 248.99M | 183.25M | 188.13M | 193.28M | 270.41M | 229.97M | 236.57M | 162.02M | 267.49M | 287.95M | 314.48M | 264.83M | 285.28M | 289.91M |
| Long-Term Debt | 371.16M | 379.99M | 388.74M | 397.65M | 406.89M | 264.34M | 248.14M | 181.82M | 187.02M | 192.15M | 269.7M | 229.31M | 235.78M | 161.05M | 266.34M | 286.65M | 312.98M | 263.09M | 283.41M | 288.4M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 418K | 0 | 0 | 0 | 226K | 0 | 535K | 0 | 855K | 0 | 1.15M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 278K | 343K | 483K | 693K | 751K | 802K | 845K | 1.42M | 684K | 1.13M | 717K | 660K | 566K | 968K | 615K | 1.3M | 644K | 1.75M | 724K | 1.5M |
| Total Liabilities | 439.87M | 445.32M | 456.64M | 465.84M | 472.35M | 366.68M | 308.77M | 329.69M | 335.96M | 340.99M | 340.89M | 303.39M | 330.49M | 306.96M | 340.75M | 368.12M | 403.27M | 337.32M | 352.93M | 364.07M |
| Total Debt | 406.57M | 415.39M | 424.14M | 433.05M | 442.3M | 340.45M | 269.7M | 277.75M | 286.17M | 293.69M | 301.6M | 255.17M | 278.73M | 284.9M | 306.04M | 332.68M | 355.42M | 302.27M | 320.96M | 340.19M |
| Net Debt | 273.27M | 334.27M | 378.28M | 365.47M | 347.81M | 237.21M | 230.53M | 237.25M | 245.41M | 243.66M | 268.23M | 186.02M | 182.25M | 228.28M | 246.45M | 295.52M | 319.85M | 265.14M | 286.22M | 308.16M |
| Debt / Equity | 0.85x | 0.91x | 0.95x | 0.94x | 0.91x | 0.68x | 0.53x | 0.54x | 0.54x | 0.56x | 0.56x | 0.48x | 0.50x | 0.51x | 0.57x | 0.65x | 0.72x | 0.61x | 0.58x | 0.62x |
| Debt / EBITDA | 7.53x | 7.93x | 12.25x | 19.59x | 28.72x | 23.33x | 11.92x | 9.13x | 6.62x | 7.90x | 7.96x | 9.40x | 5.95x | 4.23x | 6.03x | 11.77x | 24.85x | - | 157.87x | - |
| Net Debt / EBITDA | 5.06x | 6.38x | 10.92x | 16.53x | 22.58x | 16.25x | 10.19x | 7.80x | 5.68x | 6.55x | 7.08x | 6.85x | 3.89x | 3.39x | 4.85x | 10.45x | 22.36x | - | 140.79x | - |
| Interest Coverage | 5.19x | 6.38x | 2.25x | 0.72x | 0.91x | 1.58x | 1.18x | 2.12x | 3.75x | 2.87x | 3.43x | 1.99x | 4.48x | 6.84x | 5.48x | 2.38x | 0.30x | -3.44x | -2.16x | -5.98x |
| Total Equity | 477.62M | 455.94M | 445.52M | 461.12M | 485.05M | 500.58M | 508.81M | 510.14M | 525.85M | 528.73M | 538.3M | 532.94M | 552M | 556.02M | 539.98M | 513.81M | 495.9M | 491.78M | 550.13M | 547.7M |
| Equity Growth % | -1.53% | -8.92% | -12.44% | -9.61% | -7.76% | -5.32% | -5.48% | -4.28% | -4.74% | -4.91% | -0.31% | 3.72% | 11.31% | 13.06% | -1.84% | -6.19% | -11.87% | -14.79% | -8.18% | -13.13% |
| Book Value per Share | 2.26 | 2.15 | 2.10 | 2.18 | 2.29 | 2.36 | 2.42 | 2.44 | 2.52 | 2.53 | 2.58 | 2.55 | 2.64 | 2.66 | 2.59 | 2.48 | 2.47 | 2.57 | 3.08 | 3.34 |
| Total Shareholders' Equity | 477.62M | 455.94M | 445.52M | 461.12M | 485.05M | 500.58M | 508.81M | 510.14M | 525.85M | 528.73M | 538.3M | 532.94M | 552M | 556.02M | 539.98M | 513.81M | 495.9M | 491.78M | 550.13M | 547.7M |
| Common Stock | 0 | 0 | 2.12M | 461.12M | 0 | 0 | 2.12M | 0 | 2.09M | 528.73M | 2.09M | 532.94M | 2.09M | 556.02M | 2.09M | 513.81M | 2.03M | 491.78M | 1.84M | 547.7M |
| Retained Earnings | 0 | 0 | 1.4M | 0 | 0 | 0 | 0 | 0 | -20.85M | 0 | -57.52M | 0 | -82.51M | 0 | -156.23M | 0 | -202.27M | 0 | -171.33M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | -1.16M | 0 | 0 | 0 | 0 | 0 | -2.21M | 0 | -2.09M | 0 | -2.03M | 0 | -1.81M | 0 | -1.88M | 0 | -1.58M | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |