Nordic American (NAT) | Financial Analysis & Statements

Nordic American Tankers Ltd. | Small-cap | Energy

$2.71

1.12%

Nordic American vs Enbridge Nordic American vs Williams Companies Nordic American vs International Nordic American vs DHT Holdings Nordic American vs CMB Tech N.V Nordic American vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 349.7M

Gross Profit 106.1M 30.35%

Operating Income 77.3M 22.11%

Net Income 46.6M 13.34%

EPS (Diluted) $0.22

Balance Sheet Metrics

Total Assets 817.6M

Total Liabilities 308.8M

Shareholders Equity 508.8M

Debt to Equity 0.61

Cash Flow Metrics

Operating Cash Flow 127.0M

Free Cash Flow 125.5M

Revenue & Profitability Trend

Nordic American Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	349.7M	391.7M	339.3M	191.1M	354.6M
Cost of Goods Sold	243.6M	240.9M	284.4M	264.3M	255.8M
Gross Profit	106.1M	150.8M	55.0M	-73.2M	98.8M
Operating Expenses	28.8M	22.9M	18.8M	10.9M	17.6M
Operating Income	77.3M	127.9M	36.2M	-84.2M	81.2M
Pre-tax Income	46.6M	98.8M	15.1M	-171.3M	50.1M
Income Tax	-10.0K	120.0K	23.0K	59.0K	64.0K
Net Income	46.6M	98.7M	15.1M	-171.3M	50.0M
EPS (Diluted)	$0.22	$0.47	$0.07	-$0.73	$0.34

Income Statement Trend

Nordic American Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	98.8M	108.9M	142.7M	107.1M	99.5M
Non-Current Assets	718.8M	770.3M	737.2M	744.0M	874.8M
Total Assets	817.6M	879.2M	879.9M	851.2M	974.3M
Liabilities
Current Liabilities	59.8M	70.5M	72.4M	67.6M	39.7M
Non-Current Liabilities	249.0M	270.4M	267.5M	285.3M	335.5M
Total Liabilities	308.8M	340.9M	339.9M	352.9M	375.2M
Equity
Total Shareholders Equity	508.8M	538.3M	540.0M	498.2M	599.1M

Balance Sheet Composition

Nordic American Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	46.6M	98.7M	15.1M	-171.3M	50.0M
Operating Cash Flow	127.0M	145.4M	32.3M	-116.8M	130.3M
Investing Activities
Capital Expenditures	-2.6M	-73.7M	-14.3M	-3.5M	-18.1M
Investing Cash Flow	-2.6M	-73.7M	-14.3M	-3.5M	-17.5M
Financing Activities
Dividends Paid	-87.7M	-89.8M	-22.7M	-9.7M	-67.2M
Financing Cash Flow	-115.1M	-95.7M	9.0M	30.5M	-93.1M
Free Cash Flow	125.5M	65.8M	-71.3M	-62.2M	92.9M

Cash Flow Trend

Nordic American Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 12.14

Forward P/E 4.77

Price to Book 1.11

Price to Sales 1.62

PEG Ratio 4.77

Profitability Ratios

Profit Margin 13.34%

Operating Margin 5.12%

Return on Equity 8.91%

Return on Assets 5.70%

Financial Health

Current Ratio 1.65

Debt to Equity 53.07

Beta -0.28

Per Share Data

EPS (TTM) $0.22

Book Value per Share $2.40

Revenue per Share $1.67

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
nat	565.4M	12.14	1.11	8.91%	13.34%	53.07
Enbridge	98.3B	22.81	1.59	9.46%	10.33%	144.81
Williams Companies	73.9B	32.52	5.93	16.20%	20.61%	184.40
International	1.9B	6.05	1.03	17.57%	37.39%	32.85
DHT Holdings	1.9B	10.59	1.77	16.95%	31.72%	34.74
CMB Tech N.V	1.7B	4.00	1.34	18.23%	44.88%	205.74

Financial data is updated regularly. All figures are in the company's reporting currency.