Nordic American Tankers Limited (NAT)

Nordic American Tankers Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	94.49	39.18	31.08	59.58	34.74	57.85
Cash & Short-Term Investments	94.49	39.18	31.08	59.58	34.74	57.85
Cash Growth	131.83%	26.06%	-47.84%	71.52%	-39.95%	16.46%
Receivables	14.5	16.22	26.29	20.47	9.37	6.35
Inventory	27.99	28.5	42.36	49.43	31.36	24.05
Prepaid Expenses	7.82	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	6.14	3.44	2.58	3.48	16.88	1.57
Total Current Assets	150.93	98.77	108.91	142.66	107.11	99.52
Property, Plant & Equipment	803.08	718.82	770.29	737.07	742.15	873.8
Other Long-Term Assets	3.38	-	-	0.15	1.9	1.02
Total Assets	957.39	817.59	879.2	879.88	851.15	974.35
Accounts Payable	5.34	7.05	3.77	6.96	6.55	4.1
Accrued Expenses	12.24	16.73	17.69	17.79	18.99	10.94
Current Portion of Long-Term Debt	35.41	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	11.72	8.49	13.18	1.82	1.8	2.4
Total Current Liabilities	64.71	59.79	70.48	72.41	67.65	39.68
Long-Term Debt	406.89	248.14	269.7	266.34	283.41	334.62
Long-Term Leases	-	-	-	0.54	1.15	0.73
Other Long-Term Liabilities	0.75	0.85	0.72	0.62	0.72	0.2
Total Liabilities	472.35	308.77	340.89	339.9	352.93	375.22
Common Stock	485.05	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	485.05	508.81	538.3	539.98	498.22	599.13
Total Liabilities & Equity	957.39	817.59	879.2	879.88	851.15	974.35
Total Debt	442.3	270.03	301.6	306.57	322.11	357.44
Net Cash (Debt)	-347.81	-230.85	-270.52	-246.99	-287.37	-299.59
Net Cash Per Share	-1.65	-1.10	-1.30	-1.22	-1.77	-2.01
Filing Date Shares Outstanding	211.75	211.75	208.8	208.8	201.67	154.39
Total Common Shares Outstanding	211.75	211.75	208.8	208.8	183.69	151.4
Working Capital	86.23	38.99	38.43	70.25	39.46	59.84
Book Value Per Share	2.29	2.40	2.58	2.59	2.71	3.96
Tangible Book Value	485.05	508.81	538.3	539.98	498.22	599.13
Tangible Book Value Per Share	2.29	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 Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q