Nordic American Tankers (Nordic American Tankers) Debt-to-Asset : 0.34 (As of Dec. 2023)

Nordic American Tankers Debt-to-Asset Chart

Nordic American Tankers Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Asset		Get a 7-Day Free Trial					0.39	0.37	0.38	0.35	0.34

Nordic American Tankers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.35	0.33	0.32	0.31	0.34

Competitive Comparison of Nordic American Tankers's Debt-to-Asset

For the Marine Shipping subindustry, Nordic American Tankers's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nordic American Tankers's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nordic American Tankers's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Nordic American Tankers's Debt-to-Asset falls into.

Nordic American Tankers Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Nordic American Tankers's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Nordic American Tankers's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nordic American Tankers  (NYSE:NAT) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Nordic American Tankers Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Nordic American Tankers's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nordic American Tankers (Nordic American Tankers) Business Description