Nordic American Tankers Limited

Nordic American Tankers Limitedverified

NAT

Price:

$3.6

Market Cap:

$751.67M

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.[Read more]

Industry

Marine Shipping

IPO Date

1997-09-30

Stock Exchange

NYSE

Ticker

NAT

The Current Ratio as of September 2024 (TTM) for Nordic American Tankers Limited (NAT) is 0.77

According to Nordic American Tankers Limited’s latest financial reports and current stock price. The company's current Current Ratio is 0.77. This represents a change of -40.00% compared to the average of 1.28 of the last 4 quarters.

Nordic American Tankers Limited (NAT) Historical Current Ratio (quarterly & annually)

How has NAT Current Ratio performed in the past?

The mean historical Current Ratio of Nordic American Tankers Limited over the last ten years is 3.93. The current 0.77 Current Ratio has changed 1.85% with respect to the historical average. Over the past ten years (40 quarters), NAT's Current Ratio was at its highest in in the June 2014 quarter at 11.52. The Current Ratio was at its lowest in in the March 2024 quarter at 0.77.

Quarterly (TTM)
Annual

Average

3.93

Median

2.81

Minimum

1.55

Maximum

7.61

Nordic American Tankers Limited (NAT) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nordic American Tankers Limited Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 23.14%

Maximum Annual Current Ratio = 7.61

Minimum Annual Increase = -37.92%

Minimum Annual Current Ratio = 1.55

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.55-21.11%
20221.9623.14%
20211.59-36.58%
20202.5114.44%
20192.19-29.58%
20183.11-37.92%
20175.01-34.08%
20167.6117.85%
20156.45-12.12%
20147.347.66%

Nordic American Tankers Limited (NAT) Average Current Ratio

How has NAT Current Ratio performed in the past?

The current Current Ratio of Nordic American Tankers Limited (NAT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.70

5-year avg

1.96

10-year avg

3.93

Nordic American Tankers Limited (NAT) Current Ratio vs. Peers

How is NAT’s Current Ratio compared to its peers?

Nordic American Tankers Limited’s Current Ratio is less than Genco Shipping & Trading Limited (3.59), less than Golden Ocean Group Limited (1.17), less than Eagle Bulk Shipping Inc. (0.89), less than Star Bulk Carriers Corp. (1.51), less than OceanPal Inc. (12.38), less than Navios Maritime Holdings Inc. (1.20), less than Danaos Corporation (4.18), less than Costamare Inc. (1.61), less than Global Ship Lease, Inc. (1.42), less than Euroseas Ltd. (1.46), greater than Diana Shipping Inc. (0),

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