Cash flow Nordic American Tankers Limited

Equities

NAT

BMG657731060

Oil & Gas Transportation Services

Market Closed - Nyse Other stock markets 21:00:02 13/02/2026 GMT			5-day change	1st Jan Change
4.540 ^USD	+1.79%		+6.82%	+31.98%

02-09	Nordic American Tankers to Sell Suezmax Tanker for $25 Million	MT
01-16	Nordic American Tankers Ltd (NYSE NAT) - important transactions in a strong market. solid prospects	RE

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Published financial data: NORDIC AMERICAN TANKERS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	355M	191M	339M	392M	350M
Total Revenues	355M	191M	339M	392M	350M
Cost of Goods Sold, Total	188M	196M	234M	190M	187M
Gross Profit	167M	-4.86M	105M	202M	162M
Selling General & Admin Expenses, Total	17.59M	15.62M	18.8M	22.89M	28.82M
Depreciation & Amortization - (IS)	67.83M	68.35M	50.42M	51.4M	56.15M
Other Operating Expenses, Total	85.42M	83.97M	69.22M	74.29M	84.98M
Operating Income	81.23M	-88.84M	36.18M	128M	77.31M
Interest Expense, Total	-31.48M	-26.38M	-27.06M	-30.5M	-30.74M
Interest And Investment Income	96K	3K	-	1.3M	731K
Net Interest Expenses	-31.38M	-26.38M	-27.06M	-29.2M	-30.01M
Income (Loss) On Equity Invest.	-	-	-	-	-
Other Non Operating Income (Expenses)	479K	-429K	312K	137K	-670K
EBT, Excl. Unusual Items	50.32M	-116M	9.43M	98.83M	46.63M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-224K	-	-	-	-
Gain (Loss) On Sale Of Assets	-	-	6M	-	-
Asset Writedown	-	-60.31M	-314K	-	-
Insurance Settlements	-	4.68M	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	50.1M	-171M	15.12M	98.83M	46.63M
Income Tax Expense	64K	59K	23K	120K	-10K
Earnings From Continuing Operations	50.03M	-171M	15.1M	98.71M	46.64M
Net Income to Company	50.03M	-171M	15.1M	98.71M	46.64M
Net Income - (IS)	50.03M	-171M	15.1M	98.71M	46.64M
Net Income to Common Incl Extra Items	50.03M	-171M	15.1M	98.71M	46.64M
Net Income to Common Excl. Extra Items	50.03M	-171M	15.1M	98.71M	46.64M
Per Share Items
Net EPS - Basic	0.34	-1.05	0.07	0.47	0.22
Basic EPS - Continuing Operations	0.34	-1.05	0.07	0.47	0.22
Basic Weighted Average Shares Outstanding	149M	163M	202M	209M	209M
Net EPS - Diluted	0.34	-1.05	0.07	0.47	0.22
Diluted EPS - Continuing Operations	0.34	-1.05	0.07	0.47	0.22
Diluted Weighted Average Shares Outstanding	149M	163M	202M	209M	210M
Normalized Basic EPS	0.21	-0.44	0.03	0.3	0.14
Normalized Diluted EPS	0.21	-0.44	0.03	0.3	0.14
Dividend Per Share	0.4	0.05	0.25	0.46	0.34
Payout Ratio	134.4	-5.66	150.2	90.96	188.01
Supplemental Items
EBITDA	149M	-20.48M	86.6M	179M	133M
EBITA	81.23M	-88.84M	36.18M	128M	77.31M
EBIT	81.23M	-88.84M	36.18M	128M	77.31M
Effective Tax Rate - (Ratio)	0.13	-0.03	0.15	0.12	-0.02
Normalized Net Income	31.45M	-72.28M	5.9M	61.77M	29.15M
Interest Capitalized	100K	1.5M	800K	-	-
Interest on Long-Term Debt	31.58M	27.88M	27.86M	30.5M	30.74M
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	17.59M	15.62M	18.8M	22.89M	28.82M
Stock-Based Comp., G&A Exp. (Total)	100K	100K	-	-	-
Stock-Based Comp., Other (Total)	300K	239K	476K	2.2M	1.85M
Total Stock-Based Compensation	400K	339K	476K	2.2M	1.85M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	57.85M	34.74M	59.58M	31.08M	39.18M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	57.85M	34.74M	59.58M	31.08M	39.18M
Accounts Receivable, Total	6.35M	9.37M	20.47M	26.29M	16.22M
Total Receivables	6.35M	9.37M	20.47M	26.29M	16.22M
Inventory	24.05M	31.36M	49.43M	42.36M	28.5M
Prepaid Expenses	5.48M	4.85M	5.98M	4.32M	6.23M
Restricted Cash	4.22M	9.91M	3.72M	2.28M	5.21M
Other Current Assets, Total	1.57M	16.88M	3.48M	2.58M	3.44M
Total Current Assets	99.52M	107M	143M	109M	98.77M
Gross Property Plant And Equipment	1.41B	1.3B	1.14B	1.22B	1.22B
Accumulated Depreciation	-537M	-558M	-398M	-449M	-506M
Net Property Plant And Equipment	874M	742M	737M	770M	719M
Long-term Investments	-	-	-	-	-
Goodwill	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	1.02M	1.9M	148K	155K	-
Total Assets	974M	851M	880M	879M	818M
Liabilities
Accounts Payable, Total	4.1M	6.55M	6.96M	3.45M	7.05M
Accrued Expenses, Total	10.94M	18.98M	17.79M	17.04M	16.73M
Current Portion of Long-Term Debt	22.09M	37.55M	39.7M	31.9M	21.56M
Current Portion of Leases	931K	935K	771K	601K	325K
Unearned Revenue Current, Total	140K	2.76M	6.15M	3.95M	5.63M
Other Current Liabilities	1.47M	869K	1.05M	13.54M	8.49M
Total Current Liabilities	39.68M	67.64M	72.41M	70.48M	59.78M
Long-Term Debt	335M	283M	266M	270M	248M
Long-Term Leases	730K	1.15M	535K	-	-
Other Non Current Liabilities	197K	724K	615K	717K	845K
Total Liabilities	375M	353M	340M	341M	309M
Common Stock, Total	1.51M	1.84M	2.09M	2.09M	2.12M
Additional Paid In Capital	599M	669M	696M	596M	519M
Retained Earnings	-	-171M	-156M	-57.52M	-10.87M
Comprehensive Income and Other	-1.32M	-1.58M	-1.81M	-2.09M	-1.82M
Total Common Equity	599M	498M	540M	538M	509M
Total Equity	599M	498M	540M	538M	509M
Total Liabilities And Equity	974M	851M	880M	879M	818M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	154M	202M	209M	209M	212M
ECS Total Common Shares Outstanding	151M	184M	209M	209M	212M
Book Value / Share	3.96	2.71	2.59	2.58	2.4
Tangible Book Value	599M	498M	540M	538M	509M
Tangible Book Value Per Share	3.96	2.71	2.59	2.58	2.4
Total Debt	358M	323M	307M	302M	270M
Net Debt	301M	288M	248M	271M	231M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	19.41M	20.87M	25.43M	31.18M	21.93M
Inventories - Work In Process, Total	4.64M	10.49M	24M	11.18M	6.57M
Machinery, Total	1.32B	1.19B	1.07B	1.14B	1.14B
Full Time Employees	20	19	18	17	15
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	50.03M	-171M	15.1M	98.71M	46.64M
Depreciation & Amortization - CF	67.83M	68.35M	50.42M	51.4M	56.15M
Depreciation & Amortization, Total	67.83M	68.35M	50.42M	51.4M	56.15M
Amortization of Deferred Charges, Total - (CF)	4.35M	2.99M	3.59M	1.45M	850K
(Gain) Loss From Sale Of Asset	-	-	-6M	-	-
(Gain) Loss on Sale of Investments - (CF)	224K	-	-	-	-
Asset Writedown & Restructuring Costs	-	60.31M	314K	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	214K	339K	476K	2.2M	1.85M
Other Operating Activities, Total	-21.78M	-6.82M	-8.13M	-9.65M	-2.46M
Change In Accounts Receivable	18.11M	-3.02M	-11.1M	-5.81M	10.06M
Change In Inventories	11.55M	-7.31M	-18.07M	7.07M	13.86M
Change In Accounts Payable	-19.26M	11.74M	230K	-8.48M	3.97M
Change in Other Net Operating Assets	-330K	286K	-2.69M	2.56M	-2.76M
Cash from Operations	111M	-44.46M	24.13M	139M	128M
Capital Expenditure	-18.08M	-17.73M	-95.42M	-73.67M	-2.62M
Sale of Property, Plant, and Equipment	-	14.26M	81.07M	-	-
Investment in Marketable and Equity Securities, Total	602K	-	-	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-17.48M	-3.46M	-14.34M	-73.67M	-2.62M
Long-Term Debt Issued, Total	29.3M	-	88M	54M	-
Total Debt Issued	29.3M	-	88M	54M	-
Long-Term Debt Repaid, Total	-75.53M	-38.74M	-105M	-59.22M	-32.74M
Total Debt Repaid	-75.53M	-38.74M	-105M	-59.22M	-32.74M
Issuance of Common Stock	20.71M	80.05M	49.1M	-	8.93M
Common Dividends Paid	-67.24M	-9.7M	-22.68M	-89.78M	-87.7M
Common & Preferred Stock Dividends Paid	-67.24M	-9.7M	-22.68M	-89.78M	-87.7M
Other Financing Activities, Total	-320K	-1.1M	-	-669K	-3.55M
Cash from Financing	-93.08M	30.51M	9M	-95.67M	-115M
Foreign Exchange Rate Adjustments	39K	-12K	-142K	-44K	536K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	432K	-17.42M	18.65M	-29.94M	11.02M
Supplemental Items
Cash Interest Paid	27.13M	23.39M	23.46M	29.04M	29.89M
Cash Income Tax Paid (Refund)	71K	64K	59K	23K	10K
Levered Free Cash Flow	105M	-37.17M	-44.1M	52.76M	103M
Unlevered Free Cash Flow	121M	-23.67M	-30.78M	70.37M	121M
Change In Net Working Capital	-19.69M	19.12M	8.86M	-10.51M	-17.56M
Net Debt Issued / Repaid	-46.23M	-38.74M	-17.41M	-5.22M	-32.74M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	5.06	-6.08	2.61	9.09	5.7
Return on Total Capital	5.2	-6.25	2.71	9.48	5.97
Return On Equity %	8.38	-31.23	2.91	18.31	8.91
Return on Common Equity	8.38	-31.23	2.91	18.31	8.91
Margin Analysis
Gross Profit Margin %	46.99	-2.55	31.06	51.62	46.4
SG&A Margin	4.96	8.17	5.54	5.84	8.24
EBITDA Margin %	42.03	-10.72	25.52	45.77	38.16
EBITA Margin %	22.91	-46.49	10.66	32.65	22.11
EBIT Margin %	22.91	-46.49	10.66	32.65	22.11
Income From Continuing Operations Margin %	14.11	-89.67	4.45	25.2	13.34
Net Income Margin %	14.11	-89.67	4.45	25.2	13.34
Net Avail. For Common Margin %	14.11	-89.67	4.45	25.2	13.34
Normalized Net Income Margin	8.87	-37.83	1.74	15.77	8.33
Levered Free Cash Flow Margin	29.69	-19.45	-12.99	13.47	29.42
Unlevered Free Cash Flow Margin	34.01	-12.39	-9.07	17.97	34.67
Asset Turnover
Asset Turnover	0.35	0.21	0.39	0.45	0.41
Fixed Assets Turnover	0.4	0.24	0.46	0.52	0.47
Receivables Turnover (Average Receivables)	22.93	24.31	22.74	16.75	16.45
Inventory Turnover (Average Inventory)	6.3	7.07	5.79	4.13	5.29
Short Term Liquidity
Current Ratio	2.51	1.58	1.97	1.55	1.65
Quick Ratio	1.62	0.65	1.11	0.81	0.93
Operating Cash Flow to Current Liabilities	2.8	-0.66	0.33	1.98	2.14
Days Sales Outstanding (Average Receivables)	15.96	15.02	16.05	21.79	22.24
Days Outstanding Inventory (Average Inventory)	58.07	51.61	63.02	88.39	69.18
Average Days Payable Outstanding	12.97	9.56	9.78	10.41	11.4
Cash Conversion Cycle (Average Days)	61.07	57.07	69.29	99.77	80.02
Long Term Solvency
Total Debt/Equity	59.82	64.84	56.92	56.14	53.07
Total Debt / Total Capital	37.43	39.33	36.27	35.95	34.67
LT Debt/Equity	55.97	57.11	49.42	50.1	48.77
Long-Term Debt / Total Capital	35.02	34.65	31.5	32.09	31.86
Total Liabilities / Total Assets	38.51	41.46	38.63	38.77	37.77
EBIT / Interest Expense	2.58	-3.37	1.34	4.19	2.52
EBITDA / Interest Expense	4.73	-0.78	3.2	5.88	4.34
(EBITDA - Capex) / Interest Expense	4.16	-1.45	-0.33	3.46	4.26
Total Debt / EBITDA	2.4	-15.77	3.55	1.69	2.02
Net Debt / EBITDA	2.02	-14.07	2.86	1.51	1.73
Total Debt / (EBITDA - Capex)	2.74	-8.45	-34.85	2.86	2.06
Net Debt / (EBITDA - Capex)	2.29	-7.55	-28.09	2.57	1.76
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	11.79	-46.12	77.6	15.43	-10.71
Gross Profit, 1 Yr. Growth %	52.3	-102.92	-2.27K	91.83	-19.73
EBITDA, 1 Yr. Growth %	55.38	-113.74	-522.75	107.04	-25.56
EBITA, 1 Yr. Growth %	154.06	-209.37	-140.72	253.52	-39.55
EBIT, 1 Yr. Growth %	154.06	-209.37	-140.72	253.52	-39.55
Earnings From Cont. Operations, 1 Yr. Growth %	-583.32	-442.43	-108.81	553.67	-52.75
Net Income, 1 Yr. Growth %	-583.32	-442.43	-108.81	553.67	-52.75
Normalized Net Income, 1 Yr. Growth %	-806.66	-329.81	-108.16	947.72	-52.82
Diluted EPS Before Extra, 1 Yr. Growth %	-561.56	-414.5	-106.64	571.43	-53.19
Accounts Receivable, 1 Yr. Growth %	-74.17	47.65	118.41	28.39	-38.29
Inventory, 1 Yr. Growth %	-32.44	30.39	57.61	-14.3	-32.72
Net Property, Plant and Equip., 1 Yr. Growth %	-3.07	-15.07	-0.68	4.48	-6.68
Total Assets, 1 Yr. Growth %	-5.49	-12.64	3.38	-0.08	-7.01
Tangible Book Value, 1 Yr. Growth %	0.62	-16.84	8.38	-0.31	-5.48
Common Equity, 1 Yr. Growth %	0.62	-16.84	8.38	-0.31	-5.48
Cash From Operations, 1 Yr. Growth %	109.89	-140.07	-154.28	477.79	-8.09
Capital Expenditures, 1 Yr. Growth %	614.26	-1.94	438.26	-22.79	-96.44
Levered Free Cash Flow, 1 Yr. Growth %	66.65	-135	21.68	-221.78	92.83
Unlevered Free Cash Flow, 1 Yr. Growth %	45.52	-119.48	35.34	-334.55	70.84
Dividend Per Share, 1 Yr. Growth %	207.69	-87.5	400	84	-26.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.77	-22.39	-2.18	43.18	1.52
Gross Profit, 2 Yr. CAGR %	95.52	-78.92	-20.47	544.72	24.09
EBITDA, 2 Yr. CAGR %	119.76	-53.79	-23.78	195.85	24.14
EBITA, 2 Yr. CAGR %	65.02	66.69	-33.26	19.98	46.19
EBIT, 2 Yr. CAGR %	65.02	66.69	-33.26	19.98	46.19
Earnings From Cont. Operations, 2 Yr. CAGR %	-27.54	306.82	-45.06	-24.1	75.75
Net Income, 2 Yr. CAGR %	-27.54	306.82	-45.06	-24.1	75.75
Normalized Net Income, 2 Yr. CAGR %	-17	302.98	-56.61	-7.55	122.34
Diluted EPS Before Extra, 2 Yr. CAGR %	-29.34	281	-54.3	-33.22	77.28
Accounts Receivable, 2 Yr. CAGR %	-46.99	-38.25	79.58	67.46	-10.98
Inventory, 2 Yr. CAGR %	-17.53	-6.14	43.35	16.22	-24.06
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.29	-9.27	-8.16	1.87	-1.25
Total Assets, 2 Yr. CAGR %	-4.62	-9.14	-4.97	1.63	-3.6
Tangible Book Value, 2 Yr. CAGR %	-0.24	-8.53	-5.06	3.94	-2.93
Common Equity, 2 Yr. CAGR %	-0.24	-8.53	-5.06	3.94	-2.93
Cash From Operations, 2 Yr. CAGR %	162.48	-8.29	-53.36	77.1	130.44
Capital Expenditures, 2 Yr. CAGR %	92.67	164.65	129.74	103.86	-83.43
Levered Free Cash Flow, 2 Yr. CAGR %	91.77	-23.3	-35.53	20.66	54.11
Unlevered Free Cash Flow, 2 Yr. CAGR %	85.97	-46.55	-49.66	75.92	101.03
Dividend Per Share, 2 Yr. CAGR %	123.61	-37.98	-20.94	203.32	16.62
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	6.07	-12.88	2.27	3.37	22.32
Gross Profit, 3 Yr. CAGR %	35.48	-51.86	-1.24	6.65	221.93
EBITDA, 3 Yr. CAGR %	39.9	-12.77	-3.36	6.35	86.77
EBITA, 3 Yr. CAGR %	20.67	43.87	4.2	16.34	-4.53
EBIT, 3 Yr. CAGR %	20.67	43.87	4.2	16.34	-4.53
Earnings From Cont. Operations, 3 Yr. CAGR %	-37.5	21.59	13.41	25.42	-35.19
Net Income, 3 Yr. CAGR %	-37.5	21.59	13.41	25.42	-35.19
Normalized Net Income, 3 Yr. CAGR %	-12.62	16.55	9.83	25.42	-26.12
Diluted EPS Before Extra, 3 Yr. CAGR %	-44.63	16.23	-1.21	11.93	-40.68
Accounts Receivable, 3 Yr. CAGR %	-34.38	-25.42	-5.91	60.58	20.06
Inventory, 3 Yr. CAGR %	-14.44	-3.93	11.56	20.76	-3.14
Net Property, Plant and Equip., 3 Yr. CAGR %	-2.27	-8.03	-6.49	-4.12	-1.06
Total Assets, 3 Yr. CAGR %	-5.13	-7.38	-5.14	-3.37	-1.33
Tangible Book Value, 3 Yr. CAGR %	-5.55	-6.11	-3.21	-3.51	0.7
Common Equity, 3 Yr. CAGR %	-5.55	-6.11	-3.21	-3.51	0.7
Cash From Operations, 3 Yr. CAGR %	51.76	40.29	-23	7.92	42.32
Capital Expenditures, 3 Yr. CAGR %	-21.64	53.83	235.31	59.73	-47.13
Levered Free Cash Flow, 3 Yr. CAGR %	38.02	9.09	-11.3	-20.78	41.6
Unlevered Free Cash Flow, 3 Yr. CAGR %	32.85	-12.11	-28.12	-16.63	74.71
Dividend Per Share, 3 Yr. CAGR %	3.57	-14.5	24.36	4.77	89.45
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-4.47	-11.77	2.69	6.27	1.97
Gross Profit, 5 Yr. CAGR %	-5.45	-49.71	9.48	35.91	8.2
EBITDA, 5 Yr. CAGR %	-6.69	-31.81	9.73	42.17	6.83
EBITA, 5 Yr. CAGR %	-8.71	13.1	-4.79	33.79	19.32
EBIT, 5 Yr. CAGR %	-8.71	13.1	-4.79	33.79	19.32
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.28	107.48	-40.64	0.7	35.13
Net Income, 5 Yr. CAGR %	-15.28	107.48	-40.64	0.7	35.13
Normalized Net Income, 5 Yr. CAGR %	-15.2	64.22	-34.02	6.23	45.62
Diluted EPS Before Extra, 5 Yr. CAGR %	-23.57	83.98	-48.72	-6.88	24.82
Accounts Receivable, 5 Yr. CAGR %	-25.99	-12.3	-1.85	3.07	-7.98
Inventory, 5 Yr. CAGR %	-14.35	-11.11	5.18	3.68	-4.35
Net Property, Plant and Equip., 5 Yr. CAGR %	-1.93	-6.85	-4.67	-4.19	-4.43
Total Assets, 5 Yr. CAGR %	-4.7	-8.81	-5.07	-3.87	-4.53
Tangible Book Value, 5 Yr. CAGR %	-7.01	-10.18	-5.36	-2.21	-3.1
Common Equity, 5 Yr. CAGR %	-7.42	-10.57	-5.36	-2.21	-3.1
Cash From Operations, 5 Yr. CAGR %	-8.65	-19.04	-5.33	53.99	19.38
Capital Expenditures, 5 Yr. CAGR %	-37.36	-37.67	20.49	72.17	0.69
Levered Free Cash Flow, 5 Yr. CAGR %	18.18	-10.67	1.94	13	10.25
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.62	-16.9	-9.77	15.08	7.91
Dividend Per Share, 5 Yr. CAGR %	-24.12	-46.01	-7.03	41.88	21.2