Nordic American Tankers (Nordic American Tankers) Debt-to-Equity : 0.56 (As of Dec. 2023)

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What is Nordic American Tankers Debt-to-Equity?

Nordic American Tankers's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $31.9 Mil. Nordic American Tankers's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $269.7 Mil. Nordic American Tankers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $538.3 Mil. Nordic American Tankers's debt to equity for the quarter that ended in Dec. 2023 was 0.56.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Nordic American Tankers's Debt-to-Equity or its related term are showing as below:

NAT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.56 Max: 0.73
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of Nordic American Tankers was 0.73. The lowest was 0.28. And the median was 0.56.

NAT's Debt-to-Equity is ranked worse than
50.57% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs NAT: 0.56

Nordic American Tankers Debt-to-Equity Historical Data

The historical data trend for Nordic American Tankers's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nordic American Tankers Debt-to-Equity Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.67

0.60

0.65

0.57

0.56

Nordic American Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.57	0.51	0.51	0.48	0.56

Competitive Comparison of Nordic American Tankers's Debt-to-Equity

For the Marine Shipping subindustry, Nordic American Tankers's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nordic American Tankers's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nordic American Tankers's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nordic American Tankers's Debt-to-Equity falls into.

Nordic American Tankers Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nordic American Tankers's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.898	+	269.697)	/	538.304
	=	0.56

Nordic American Tankers's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.898	+	269.697)	/	538.304
	=	0.56

Nordic American Tankers (NYSE:NAT) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Nordic American Tankers Debt-to-Equity Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.