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 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. See Nordic American Tankers Limited (NAT) liquidity interval to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Nordic American Tankers Limited Working Capital to Net Assets (1997–2025)
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. For the complete balance sheet picture, see how large is Nordic American Tankers Limited's balance sheet.
Annual Working Capital to Net Assets for Nordic American Tankers Limited (1997–2025)
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. Check NAT asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| 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 | — |