Nordic American Tankers (Nordic American Tankers) Cash-to-Debt : 0.10 (As of Dec. 2023)

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What is Nordic American Tankers Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Nordic American Tankers's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.10.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Nordic American Tankers couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Nordic American Tankers's Cash-to-Debt or its related term are showing as below:

NAT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.14 Max: 0.4
Current: 0.1

During the past 13 years, Nordic American Tankers's highest Cash to Debt Ratio was 0.40. The lowest was 0.09. And the median was 0.14.

NAT's Cash-to-Debt is ranked worse than
84.06% of 966 companies
in the Transportation industry
Industry Median: 0.49 vs NAT: 0.10

Nordic American Tankers Cash-to-Debt Historical Data

The historical data trend for Nordic American Tankers's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Nordic American Tankers Cash-to-Debt Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.12

0.16

0.11

0.19

0.10

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
Cash-to-Debt	Get a 7-Day Free Trial															0.19	0.20	0.35	0.27	0.10

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

For the Marine Shipping subindustry, Nordic American Tankers's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt Distribution in the Transportation Industry

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

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

Nordic American Tankers Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	31.078	/	(31.898	+	269.697)
	=	0.10

Nordic American Tankers's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	31.078	/	(31.898	+	269.697)
	=	0.10

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

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Nordic American Tankers Cash-to-Debt 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 » Cash-to-Debt

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.