Nordic American Tankers Limited (NAT) — Working Capital to Net Assets Ratio
Nordic American Tankers Limited (NAT) has a Working Capital to Net Assets ratio of 14.0% as of September 2025. Working capital of $64.38 Million (current assets of $131.88 Million minus current liabilities of $67.50 Million) is measured against net assets of $461.12 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See debt-free asset ratio of Nordic American Tankers Limited to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nordic American Tankers Limited Working Capital to Net Assets (1997–2024)
This chart shows how Nordic American Tankers Limited's Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2024. As of September 2025, the ratio stands at 14.0%, reflecting working capital of $64.38 Million against net assets of $461.12 Million USD. Check tangible equity quality of Nordic American Tankers Limited to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Nordic American Tankers Limited (1997–2024)
The table below presents the year-by-year Working Capital to Net Assets ratio for Nordic American Tankers Limited from 1997 to 2024, covering 28 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 Nordic American Tankers Limited (NAT) market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (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 | $142.66 Million | $72.41 Million | ▲ +5.1 pp |
| 2021 | 7.9% | $39.46 Million | $498.22 Million | $107.11 Million | $67.64 Million | ▼ -2.1 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 | ▲ +0.6 pp |
| 2017 | 12.1% | $101.66 Million | $840.52 Million | $126.99 Million | $25.33 Million | ▼ -4.2 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 | $115.17 Million | $17.85 Million | ▼ -6.2 pp |
| 2014 | 17.3% | $152.46 Million | $882.08 Million | $176.50 Million | $24.04 Million | ▲ +4.2 pp |
| 2013 | 13.1% | $112.13 Million | $854.98 Million | $131.40 Million | $19.26 Million | ▲ +5.3 pp |
| 2012 | 7.9% | $63.60 Million | $809.38 Million | $78.57 Million | $14.97 Million | ▲ +0.3 pp |
| 2011 | 7.5% | $65.15 Million | $867.56 Million | $83.10 Million | $17.95 Million | ▲ +1.0 pp |
| 2010 | 6.5% | $64.65 Million | $992.96 Million | $71.64 Million | $6.99 Million | ▼ -4.6 pp |
| 2009 | 11.1% | $103.39 Million | $934.08 Million | $110.20 Million | $6.81 Million | ▼ -0.1 pp |
| 2008 | 11.1% | $87.91 Million | $788.59 Million | $94.12 Million | $6.21 Million | ▲ +8.1 pp |
| 2007 | 3.0% | $20.45 Million | $672.11 Million | $44.80 Million | $24.36 Million | ▼ -1.8 pp |
| 2006 | 4.9% | $29.74 Million | $611.95 Million | $44.48 Million | $14.73 Million | ▼ -4.4 pp |
| 2005 | 9.3% | $34.42 Million | $370.87 Million | $39.39 Million | $4.97 Million | ▼ -6.2 pp |
| 2004 | 15.5% | $34.42 Million | $221.87 Million | $36.75 Million | $2.34 Million | ▲ +36.7 pp |
| 2003 | -21.2% | $-22.37 Million | $105.71 Million | $8.81 Million | $31.19 Million | ▼ -24.4 pp |
| 2002 | 3.2% | $3.45 Million | $106.35 Million | $3.67 Million | $216.46K | ▲ +2.5 pp |
| 2001 | 0.8% | $875.82K | $111.84 Million | $914.48K | $38.67K | ▼ -8.6 pp |
| 2000 | 9.3% | $12.22 Million | $130.80 Million | $12.27 Million | $43.50K | ▲ +7.3 pp |
| 1999 | 2.0% | $2.57 Million | $127.98 Million | $2.65 Million | $79.33K | ▼ -0.3 pp |
| 1998 | 2.3% | $3.09 Million | $135.33 Million | $3.81 Million | $721.16K | ▲ +2.0 pp |
| 1997 | 0.3% | $433.33K | $169.50 Million | $1.61 Million | $1.18 Million | — |