Nordic American Tankers Limited (NAT)

Nordic American Tankers Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	39.18	31.08	59.58	34.74	57.85
Cash & Short-Term Investments	39.18	31.08	59.58	34.74	57.85
Cash Growth	26.06%	-47.84%	71.52%	-39.95%	16.46%
Receivables	16.22	26.29	20.47	9.37	6.35
Inventory	28.5	42.36	49.43	31.36	24.05
Prepaid Expenses	6.23	4.32	5.98	4.85	5.48
Restricted Cash	5.21	2.28	3.72	9.91	4.22
Other Current Assets	3.44	2.58	3.48	16.88	1.57
Total Current Assets	98.77	108.91	142.66	107.11	99.52
Property, Plant & Equipment	718.82	770.29	737.07	742.15	873.8
Other Long-Term Assets	-	-	0.15	1.9	1.02
Total Assets	817.59	879.2	879.88	851.15	974.35
Accounts Payable	7.05	3.77	6.96	6.55	4.1
Accrued Expenses	16.73	17.69	17.79	18.99	10.94
Current Portion of Long-Term Debt	21.56	31.9	39.7	37.55	22.09
Current Portion of Leases	0.33	-	-	-	-
Current Unearned Revenue	5.63	3.95	6.15	2.76	0.14
Other Current Liabilities	8.49	13.18	1.82	1.8	2.4
Total Current Liabilities	59.79	70.48	72.41	67.65	39.68
Long-Term Debt	248.14	269.7	266.34	283.41	334.62
Long-Term Leases	-	-	0.54	1.15	0.73
Other Long-Term Liabilities	0.85	0.72	0.62	0.72	0.2
Total Liabilities	308.77	340.89	339.9	352.93	375.22
Common Stock	2.12	2.09	2.09	1.84	1.51
Additional Paid-In Capital	519.39	595.83	695.94	669.3	598.93
Retained Earnings	-10.87	-57.52	-156.23	-171.33	-
Comprehensive Income & Other	-1.82	-2.09	-1.81	-1.58	-1.32
Shareholders' Equity	508.81	538.3	539.98	498.22	599.13
Total Liabilities & Equity	817.59	879.2	879.88	851.15	974.35
Total Debt	270.03	301.6	306.57	322.11	357.44
Net Cash (Debt)	-230.85	-270.52	-246.99	-287.37	-299.59
Net Cash Per Share	-1.10	-1.30	-1.22	-1.77	-2.01
Filing Date Shares Outstanding	211.75	208.8	208.8	201.67	154.39
Total Common Shares Outstanding	211.75	208.8	208.8	183.69	151.4
Working Capital	38.99	38.43	70.25	39.46	59.84
Book Value Per Share	2.40	2.58	2.59	2.71	3.96
Tangible Book Value	508.81	538.3	539.98	498.22	599.13
Tangible Book Value Per Share	2.40	2.58	2.59	2.71	3.96
Machinery	1,140	1,139	1,066	1,193	1,317
Construction In Progress	-	-	-	24.27	11

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q