Nordic American Tankers (FRA:B3O) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Nordic American Tankers LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Nordic American Tankers's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.22.

Nordic American Tankers's long-term debt to total assets ratio declined from Sep. 2023 (0.27) to Sep. 2024 (0.22). It may suggest that Nordic American Tankers is progressively becoming less dependent on debt to grow their business.

Nordic American Tankers LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nordic American Tankers's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.37

0.34

0.33

0.30

0.31

Nordic American Tankers Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.31	0.22	0.22	0.22

Nordic American Tankers LT-Debt-to-Total-Asset Calculation

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

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	247.312	/	806.223
	=	0.31

Nordic American Tankers's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	163.824	/	756.689
	=	0.22

Nordic American Tankers (FRA:B3O) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Nordic American Tankers LT-Debt-to-Total-Asset Related Terms

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

Nordic American Tankers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nordic American Tankers Ltd (FRA:B3O) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

PBT TEN NGL TK EE SMC SBR DLNG MMLP BROG TSX:ENB WMB EPD OKE ET KMI TSX:TRP MPLX LNG TRGP

Traded in Other Exchanges

NAT:USA 0UC0:UK B30: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.

Nordic American Tankers Headlines

No Headlines