Nordic American Tankers Limited Working Capital to Net Assets Ratio
Nordic American Tankers Limited working capital to net assets ratio. Nordic American Tankers Limited (NAT) has a Working Capital to Net Assets ratio of 28.5% as of March 2026. Working capital of $129.92 Million (current assets of $194.91 Million minus current liabilities of $64.98 Million) is measured against net assets of $455.94 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. Check NAT intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Nordic American Tankers Limited (1997–2025)
Working capital to net assets ratio of Nordic American Tankers Limited from 1997 to 2025. This chart shows how Nordic American Tankers Limited's Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2025. As of March 2026, the ratio stands at 28.5%, reflecting working capital of $129.92 Million against net assets of $455.94 Million USD. See NAT days of operational coverage to measure how many days the company can operate on defensive assets alone.
Nordic American Tankers Limited Working Capital to Net Assets Ratio by Year (1997–2025)
Nordic American Tankers Limited working capital to net assets ratio by year from 1997 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for Nordic American Tankers Limited from 1997 to 2025, covering 29 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 the complete balance sheet picture, see NAT asset base.
| Year | WC/NA Ratio | Working Capital (USD) | 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 | $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 | — |