Nordic American Tankers Limited (NAT)

Nordic American Tankers Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	40.76	31.08	59.58	34.74	57.85	48.85
Short-Term Investments	-	-	-	-	-	0.83
Cash & Short-Term Investments	40.76	31.08	59.58	34.74	57.85	49.67
Cash Growth	-57.75%	-47.84%	71.52%	-39.95%	16.46%	0.70%
Receivables	22.81	26.29	20.47	9.37	6.35	24.58
Inventory	39.01	42.36	49.43	31.36	24.05	35.6
Prepaid Expenses	6.61	4.32	5.98	4.85	5.48	3.38
Restricted Cash	6.83	2.28	3.72	9.91	4.22	12.79
Other Current Assets	1.45	2.58	3.48	16.88	1.57	3.34
Total Current Assets	117.46	108.91	142.66	107.11	99.52	129.37
Property, Plant & Equipment	741.59	770.13	737.07	742.15	873.8	901.47
Other Long-Term Assets	2.77	0.16	0.15	1.9	1.02	0.06
Total Assets	861.81	879.2	879.88	851.15	974.35	1,031
Accounts Payable	2.62	3.45	6.96	6.55	4.1	8.41
Accrued Expenses	13.83	17.04	17.79	18.99	10.94	19.91
Current Portion of Long-Term Debt	98.73	31.9	39.7	37.55	22.09	23.54
Current Portion of Leases	0.52	0.6	-	-	-	0.5
Current Unearned Revenue	5.19	3.95	6.15	2.76	0.14	2.15
Other Current Liabilities	26.95	13.54	1.82	1.8	2.4	4.52
Total Current Liabilities	147.84	70.48	72.41	67.65	39.68	59.03
Long-Term Debt	187.02	269.7	266.34	283.41	334.62	375.36
Long-Term Leases	0.42	-	0.54	1.15	0.73	0.93
Other Long-Term Liabilities	0.68	0.72	0.62	0.72	0.2	0.15
Total Liabilities	335.96	340.89	339.9	352.93	375.22	435.48
Common Stock	2.09	2.09	2.09	1.84	1.51	1.47
Additional Paid-In Capital	546.82	595.83	695.94	669.3	598.93	605.7
Retained Earnings	-20.85	-57.52	-156.23	-171.33	-	-10.35
Comprehensive Income & Other	-2.21	-2.09	-1.81	-1.58	-1.32	-1.4
Shareholders' Equity	525.85	538.3	539.98	498.22	599.13	595.42
Total Liabilities & Equity	861.81	879.2	879.88	851.15	974.35	1,031
Total Debt	286.69	302.2	306.57	322.11	357.44	400.34
Net Cash (Debt)	-245.93	-271.12	-246.99	-287.37	-299.59	-350.66
Net Cash Per Share	-1.18	-1.30	-1.22	-1.77	-2.01	-2.46
Filing Date Shares Outstanding	208.8	208.8	208.8	201.67	154.39	147.19
Total Common Shares Outstanding	208.8	208.8	208.8	183.69	151.4	147.19
Working Capital	-30.38	38.43	70.25	39.46	59.84	70.34
Book Value Per Share	2.52	2.58	2.59	2.71	3.96	4.05
Tangible Book Value	525.85	538.3	539.98	498.22	599.13	595.42
Tangible Book Value Per Share	2.52	2.58	2.59	2.71	3.96	4.05
Machinery	1,232	1,139	1,066	1,193	1,317	1,310
Construction In Progress	-	-	-	24.27	11	-

Source: S&P Capital IQ. Standard template. Financial Sources.