Nordic American Tankers Quarterly Balance Sheet
NYSE: NATConsumer DiscretionaryMarine TransportationUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Nordic American Tankers financial position
As of Dec 31, 2025, Nordic American Tankers reported total assets of $902.2 million, up 6.0% from a year earlier against total liabilities of $456.6 million. Shareholders' equity stood at $445.5 million, or 49.4% of assets. The company held $45.9 million in cash and equivalents against $424.1 million of debt, a net debt position of $378.3 million.
The current ratio (current assets divided by current liabilities) was 2.24, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.95.
Summary generated from market data by MetaCap's automated system. Methodology
Nordic American Tankers balance sheet (quarterly)
| Quarter (USD) | Q4 20252025-12-31 | Q4 20242024-12-31 | Q4 20232023-12-31 | Q4 20222022-12-31 | Q4 20212021-12-31 | Q4 20202020-12-31 | Q4 20192019-12-31 | Q4 20182018-12-31 | Q4 20172017-12-31 | Q4 20162016-12-31 | Q4 20152015-12-31 | Q4 20142014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 45.86M | 39.18M | 31.08M | 59.58M | 34.74M | 57.85M | 48.85M | 49.33M | 58.36M | 82.17M | 29.89M | 100.74M |
| Receivables | 19.04M | 16.22M | 26.30M | 20.47M | 9.37M | — | — | — | — | — | — | 16.40M |
| Inventory | — | — | — | — | — | — | — | — | 23.09M | 20.89M | 14.84M | 22.22M |
| Total Current Assets | 150.87M | 98.77M | 108.91M | 142.66M | 107.11M | 99.52M | 129.37M | 112.94M | 126.99M | 163.71M | 118.18M | 176.50M |
| Property, Plant & Equipment | — | 749.00K | 969.00K | 730.00K | 756.00K | 242.00K | 65.00K | 128.00K | 169.00K | 338.00K | 474.00K | 1.10M |
| Goodwill | — | — | — | — | — | — | — | — | 0 | 18.98M | 18.98M | 18.98M |
| Total Assets | 902.16M | 817.59M | 879.20M | 879.88M | 851.15M | 974.35M | 1.03B | 1.07B | 1.14B | 1.35B | 1.24B | 1.17B |
| Accounts Payable | 2.53M | 4.26M | 3.45M | 6.96M | 6.55M | 4.10M | 8.40M | 3.58M | 3.22M | 4.29M | 4.25M | 6.66M |
| Short-Term Debt | 35.40M | 21.56M | 31.90M | 39.70M | 37.55M | 22.09M | 23.54M | 18.69M | 0 | — | — | — |
| Total Current Liabilities | 67.42M | 59.78M | 70.48M | 72.41M | 67.64M | 39.68M | 59.03M | 36.29M | 25.33M | 21.52M | 20.86M | 24.04M |
| Long-Term Debt | 388.74M | 248.14M | 269.70M | 266.34M | 283.41M | 334.62M | 375.36M | 417.84M | 388.86M | 442.82M | 324.57M | 250.00M |
| Total Liabilities | 456.64M | 308.77M | 340.89M | 339.90M | 352.93M | 375.22M | 435.48M | 469.08M | 430.00M | 478.86M | 363.90M | 286.95M |
| Shareholders' Equity | 445.52M | 508.81M | 538.30M | 539.98M | 498.22M | 599.13M | 595.42M | 602.03M | 711.06M | 871.05M | 880.72M | 888.91M |
| Retained Earnings | 1.40M | -10.87M | -57.52M | -156.23M | -171.33M | 0 | -10.35M | -308.80M | -209.43M | -4.46M | 0 | -12.81M |
| Total Debt | 424.14M | 269.70M | 301.60M | 306.04M | 320.96M | 356.71M | 398.90M | 436.53M | 388.86M | 442.82M | 324.57M | 250.00M |
| Net Cash (Debt) | -378.28M | -230.53M | -270.52M | -246.45M | -286.22M | -298.86M | -350.05M | -387.20M | -330.50M | -360.65M | -294.68M | -149.26M |
| Shares Outstanding | 211.75M | 211.75M | 208.80M | 208.80M | 183.69M | 151.45M | 147.23M | 141.97M | 141.97M | 101.97M | 89.18M | 89.18M |
This table shows 12 quarterly periods of Nordic American Tankers's balance sheet, from Q4 2025 back to Q4 2014, across 18 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow NAT's reporting calendar. What is a balance sheet?