Nordic American Tankers Limited (B3O) — Working Capital to Net Assets Ratio
Nordic American Tankers Limited (B3O) has a Working Capital to Net Assets ratio of 18.7% as of December 2025. Working capital of €83.45 Million (current assets of €150.87 Million minus current liabilities of €67.42 Million) is measured against net assets of €445.52 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See B3O free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nordic American Tankers Limited Working Capital to Net Assets (2013–2025)
This chart shows how Nordic American Tankers Limited's Working Capital to Net Assets ratio has evolved across 13 annual periods from 2013 to 2025. As of December 2025, the ratio stands at 18.7%, reflecting working capital of €83.45 Million against net assets of €445.52 Million EUR. See B3O cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Nordic American Tankers Limited (2013–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nordic American Tankers Limited from 2013 to 2025, covering 13 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see B3O company net worth.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 18.7% | €83.45 Million | €445.52 Million | €150.87 Million | €67.42 Million | ▲ +11.1 pp |
| 2024 | 7.7% | €38.99 Million | €508.81 Million | €98.77 Million | €59.78 Million | ▲ +0.5 pp |
| 2023 | 7.1% | €38.43 Million | €538.30 Million | €108.91 Million | €70.48 Million | ▼ -5.9 pp |
| 2022 | 13.0% | €70.25 Million | €539.98 Million | €143.51 Million | €73.27 Million | ▲ +5.8 pp |
| 2021 | 7.2% | €39.46 Million | €550.13 Million | €107.11 Million | €67.64 Million | ▼ -2.8 pp |
| 2020 | 10.0% | €59.84 Million | €599.13 Million | €99.52 Million | €39.68 Million | ▼ -1.8 pp |
| 2019 | 11.8% | €70.34 Million | €595.42 Million | €129.37 Million | €59.03 Million | ▼ -0.9 pp |
| 2018 | 12.7% | €76.66 Million | €602.03 Million | €112.94 Million | €36.29 Million | ▼ -1.6 pp |
| 2017 | 14.3% | €101.66 Million | €711.06 Million | €126.99 Million | €25.33 Million | ▼ -2.0 pp |
| 2016 | 16.3% | €142.18 Million | €871.05 Million | €163.71 Million | €21.52 Million | ▲ +5.3 pp |
| 2015 | 11.1% | €97.32 Million | €880.72 Million | €118.18 Million | €20.86 Million | ▼ -6.1 pp |
| 2014 | 17.2% | €152.46 Million | €888.91 Million | €176.50 Million | €24.04 Million | ▲ +4.0 pp |
| 2013 | 13.1% | €112.13 Million | €854.98 Million | €131.40 Million | €19.26 Million | — |