Nordic American Tankers Limited (B3O) — Defensive Interval Ratio

Latest as of June 2026: 116 days

Nordic American Tankers Limited (B3O) has a Defensive Interval Ratio of 116 days as of June 2026. Defensive assets of €21.81 Million (cash €-, short-term investments €-, receivables €21.81 Million) cover 116 days of daily cash needs of €187.49K/day.

Defensive Interval Ratio

116 days
Days of operational coverage

Defensive Assets

€21.81 Million
Cash + ST Investments + Receivables

Daily Cash Need

€187.49K
Current Liabilities ÷ 365

Current Liabilities

€68.43 Million
EUR

Nordic American Tankers Limited Defensive Interval Ratio (2013–2025)

This chart shows how Nordic American Tankers Limited's Defensive Interval Ratio has evolved across 13 annual periods from 2013 to 2025. As of June 2026, the ratio stands at 116 days, meaning defensive assets of €21.81 Million can fund 116 days of operations without new revenue. For the complete balance sheet picture, see Nordic American Tankers Limited asset portfolio.

Annual Defensive Interval Ratio for Nordic American Tankers Limited (2013–2025)

The table below presents the year-by-year Defensive Interval Ratio for Nordic American Tankers Limited from 2013 to 2025, covering 13 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See working capital to net assets of Nordic American Tankers Limited to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (EUR) Daily Cash Need Cash ST Investments Change (days)
2025 103 days €19.04 Million €184.71K/day €- €- ▲ +4 days
2024 99 days €16.22 Million €163.79K/day €- €- ▼ -37 days
2023 136 days €26.29 Million €193.09K/day €- €- ▲ +34 days
2022 102 days €20.47 Million €200.73K/day €- €- ▲ +51 days
2021 51 days €9.37 Million €185.33K/day €- €- ▼ -8 days
2020 58 days €6.35 Million €108.71K/day €- €0.00 ▼ -99 days
2019 157 days €25.41 Million €161.72K/day €- €825.00K ▼ -70 days
2018 227 days €22.59 Million €99.42K/day €- €- ▼ -97 days
2017 324 days €22.47 Million €69.40K/day €- €- ▲ +17 days
2016 306 days €18.07 Million €58.97K/day €- €- ▼ -194 days
2015 500 days €28.60 Million €57.15K/day €- €- ▲ +251 days
2014 249 days €16.41 Million €65.85K/day €- €- ▼ -107 days
2013 356 days €18.80 Million €52.78K/day €- €- —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)