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Nordic American Tankers (Nordic American Tankers) Total Current Liabilities

: $70.5 Mil (As of Dec. 2023)
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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Nordic American Tankers's total current liabilities for the quarter that ended in Dec. 2023 was $70.5

Nordic American Tankers Total Current Liabilities Historical Data

The historical data trend for Nordic American Tankers's Total Current Liabilities can be seen below:

* 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.

* Premium members only.

Nordic American Tankers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.03 39.68 67.65 72.41 70.48

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
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 72.41 144.94 93.92 73.42 70.48

Nordic American Tankers Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Nordic American Tankers's Total Current Liabilities for the fiscal year that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=27.722+31.898
+Other Current Liabilities+Current Deferred Liabilities
=10.858+0
=70.5

Nordic American Tankers's Total Current Liabilities for the quarter that ended in Dec. 2023 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=27.722+31.898
+Other Current Liabilities+Current Deferred Liabilities
=10.858+0
=70.5

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Nordic American Tankers Total Current Liabilities Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » Total Current Liabilities
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GNK EGLE ASC CPLP SB ZIM SMHI NMM DSX PANL BSP:PSVM11 BOM:532921 HKSE:01919 OCSE:MAERSK B SHSE:600018 TSE:9101 TPE:2603 PHS:ICT TSE:9104 TSE:9107
Traded in Other Exchanges
B30:Germany B3O:Germany
Address
26 Victoria Street, Swan Building, Hamilton, BMU, HM 12
Website
https://www.nat.bm
Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.