Nordic American Tankers (Nordic American Tankers) Total Stockholders Equity : $538.3 Mil (As of Dec. 2023)

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What is Nordic American Tankers Total Stockholders Equity?

Nordic American Tankers's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $538.3 Mil. It refers to the net assets owned by shareholders. It does not include minority interest.

Total Stockholders Equity is used to calculate Book Value per Share. Nordic American Tankers's Book Value per Share for the quarter that ended in Dec. 2023 was $2.58. The ratio of a company's debt over equity can be used to measure how leveraged this company is. Nordic American Tankers's Debt-to-Equity for the quarter that ended in Dec. 2023 was 0.56.

Nordic American Tankers Total Stockholders Equity Historical Data

The historical data trend for Nordic American Tankers's Total Stockholders Equity 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.

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Nordic American Tankers Total Stockholders Equity Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Stockholders Equity

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595.42

599.13

498.22

539.98

538.30

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 Stockholders Equity	Get a 7-Day Free Trial															539.98	556.03	552.00	532.94	538.30

Nordic American Tankers (NYSE:NAT) Total Stockholders Equity Explanation

1. Total Stockholders Equity is used to calculate Book Value per Share.

Nordic American Tankers's Book Value per Share for the quarter that ended in Dec. 2023 is

Book Value per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(538.304	-	0)	/	208.796
	=	2.58

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

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

Debt-to-Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(31.898	+	269.697)	/	538.304
	=	0.56

Nordic American Tankers Total Stockholders Equity 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 Stockholders Equity

Comparable Companies

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.