Nordic American Tankers Limited
Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2024, the company fleet consisted of 20 Suezmax crude oil tankers. Nordic American Tankers Limited was incorporated in 1995 and is based in Hamilton, Bermuda.
Nordic American Tankers Limited (NAT) - Total Assets
Latest total assets as of September 2025: $926.96 Million USD
Based on the latest financial reports, Nordic American Tankers Limited (NAT) holds total assets worth $926.96 Million USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Nordic American Tankers Limited - Total Assets Trend (1997–2024)
This chart illustrates how Nordic American Tankers Limited’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Nordic American Tankers Limited - Asset Composition Analysis
Current Asset Composition (December 2024)
Nordic American Tankers Limited's total assets of $926.96 Million consist of 12.1% current assets and 87.9% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $39.18 Million | 4.8% |
| Accounts Receivable | $16.22 Million | 2.0% |
| Inventory | $28.50 Million | 3.5% |
| Property, Plant & Equipment | $717.00 Million | 87.7% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1997–2024)
This chart illustrates how Nordic American Tankers Limited's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Nordic American Tankers Limited's current assets represent 12.1% of total assets in 2024, an increase from 1.0% in 1997.
- Cash Position: Cash and equivalents constituted 4.8% of total assets in 2024, up from 0.0% in 1997.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1997.
- Asset Diversification: The largest asset category is property, plant & equipment at 87.7% of total assets.
Nordic American Tankers Limited Competitors by Total Assets
Key competitors of Nordic American Tankers Limited based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Senton Energy Co. Ltd. A
SHE:001331
|
China | CN¥1.68 Billion |
|
Shaanxi Provincial Natural Gas Co Ltd
SHE:002267
|
China | CN¥13.96 Billion |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
China | CN¥2.32 Billion |
|
HENGYANG PETROCHEM (5HY.SG)
STU:5HY
|
Germany | €535.36 Million |
|
Shanxi Guoxin Energy Co Ltd A
SHG:600617
|
China | CN¥25.35 Billion |
|
Nanjing Tanker Corp
SHG:601975
|
China | CN¥13.19 Billion |
|
China Merchants Energy Shipping Co Ltd
SHG:601872
|
China | CN¥77.88 Billion |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
China | CN¥7.57 Billion |
Nordic American Tankers Limited - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Nordic American Tankers Limited generates 0.43x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Nordic American Tankers Limited generates $5.70 in net profit.
Nordic American Tankers Limited - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.95 | 0.73 | 2.51 |
| Quick Ratio | 1.50 | 0.56 | 2.02 |
| Cash Ratio | 1.00 | 0.28 | 0.00 |
| Working Capital | $64.38 Million | $ -39.73 Million | $ 59.84 Million |
Nordic American Tankers Limited - Advanced Valuation Insights
This section examines the relationship between Nordic American Tankers Limited's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 2.08 |
| Latest Market Cap to Assets Ratio | 1.18 |
| Asset Growth Rate (YoY) | -7.0% |
| Total Assets | $817.59 Million |
| Market Capitalization | $961.35 Million USD |
Valuation Analysis
Above Book Valuation: The market values Nordic American Tankers Limited's assets above their book value (1.18 x), reflecting positive investor sentiment about the company's future prospects.
Significant Asset Reduction: Nordic American Tankers Limited's assets decreased by 7.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Nordic American Tankers Limited (1997–2024)
The table below shows the annual total assets of Nordic American Tankers Limited from 1997 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $817.59 Million | -7.01% |
| 2023-12-31 | $879.20 Million | -0.17% |
| 2022-12-31 | $880.74 Million | +3.48% |
| 2021-12-31 | $851.15 Million | -12.64% |
| 2020-12-31 | $974.35 Million | -5.49% |
| 2019-12-31 | $1.03 Billion | -3.75% |
| 2018-12-31 | $1.07 Billion | -15.70% |
| 2017-12-31 | $1.27 Billion | -5.88% |
| 2016-12-31 | $1.35 Billion | +8.72% |
| 2015-12-31 | $1.24 Billion | +6.21% |
| 2014-12-31 | $1.17 Billion | +2.87% |
| 2013-12-31 | $1.14 Billion | +4.68% |
| 2012-12-31 | $1.09 Billion | -3.53% |
| 2011-12-31 | $1.13 Billion | +3.91% |
| 2010-12-31 | $1.08 Billion | +14.42% |
| 2009-12-31 | $946.58 Million | +16.30% |
| 2008-12-31 | $813.88 Million | +1.15% |
| 2007-12-31 | $804.63 Million | +0.56% |
| 2006-12-31 | $800.18 Million | +58.19% |
| 2005-12-31 | $505.84 Million | +125.62% |
| 2004-12-31 | $224.20 Million | +63.78% |
| 2003-12-31 | $136.90 Million | -1.21% |
| 2002-12-31 | $138.58 Million | -2.86% |
| 2001-12-31 | $142.66 Million | -11.31% |
| 2000-12-31 | $160.84 Million | +1.76% |
| 1999-12-31 | $158.06 Million | -4.81% |
| 1998-12-31 | $166.05 Million | -2.72% |
| 1997-12-31 | $170.68 Million | -- |