NATNYSEWater TransportationFiscal year ends December 31

NORDIC AMERICAN TANKERS Ltd

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 29, 2026

$7.52−0.14 (-1.83%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): 125.3
Dividend yield: 4.79%

NORDIC AMERICAN TANKERS Ltd balance sheet

Annual Quarterly

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31	FY 2007 2007-12-31
Cash & Equivalents	46	39	31	63	45	62	62	49	58	92	30	101	66	56	24	17	30	31	13
Cash & Short-Term Investments	46	39	31	63	45	62	62	49	58	92	30	101	66	56	24	17	30	31	13
Receivables	19	16	26	20	9.37	6.30	25	22	22	18	29	16	19	0.01	18	11	–	–	–
Inventory	–	–	–	–	–	–	–	–	23	21	15	22	24	4.05	7.59	3.60	–	–	–
Prepaid Expenses & Other	8.40	6.23	4.32	5.98	4.85	5.48	3.38	3.83	3.38	4.48	4.37	5.51	5.44	4.37	32	40	–	–	–
Other Current Assets	4.05	3.44	2.58	3.48	1.92	1.57	3.34	1.83	4.38	2.49	3.13	2.03	2.25	1.18	1.39	1.42	–	–	–
Total Current Assets	151	99	109	143	107	100	129	113	127	164	118	176	131	79	83	72	110	–	–
Property, Plant & Equipment	–	0.75	0.97	0.73	0.76	0.24	0.07	0.13	0.17	0.34	0.47	1.10	1.13	0	–	–	–	–	–
Accumulated Depreciation	-491	-506	-449	-398	-558	-537	-470	-406	-843	-741	-650	-568	-487	-413	-344	-296	–	–	–
Equity Method Investments	–	–	–	–	–	–	–	–	–	–	–	–	0	0.27	–	–	–	–	–
Operating Lease Right-of-Use Assets	0.74	0.98	0.58	1.21	1.86	1.22	1.41	0	–	–	–	–	–	–	–	–	–	–	–
Goodwill	–	–	–	–	–	–	–	–	0	19	19	19	19	0	–	–	–	–	–
Other Long-Term Assets	2.35	2.57	1.12	0.88	2.65	1.26	0.12	0.21	16	10	10	8.33	11	5.21	0.49	23	11	–	–
Total Assets	902	818	879	880	851	974	1,031	1,071	1,141	1,350	1,239	1,169	1,136	1,086	1,125	1,083	947	–	–
Accounts Payable	2.53	4.26	3.45	6.96	6.55	4.10	8.41	3.58	3.22	4.29	4.25	6.66	6.45	3.10	4.38	2.04	3.36	–	–
Accrued Expenses	0.63	0.60	0.64	–	–	–	16	8.96	11	7.65	9.58	8.59	6.57	10	13	4.06	2.91	–	–
Current Portion of Long-Term Debt	35	22	32	40	38	22	24	19	0	–	–	–	–	–	–	–	–	–	–
Current Debt	35	22	32	40	38	22	24	19	0	–	–	–	–	–	–	–	–	–	–
Current Income Taxes Payable	0.99	2.79	0.32	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Deferred Revenue (Current)	3.84	5.63	3.90	6.15	2.76	0.14	2.15	–	–	0	0	2.65	0	–	–	0	0.54	–	–
Other Current Liabilities	10	7.57	6.91	14	8.56	8.23	16	8.96	11	–	–	–	–	–	–	–	–	–	–
Total Current Liabilities	67	60	70	72	68	40	59	36	25	22	21	24	19	15	18	6.99	6.81	–	–
Long-Term Debt	389	248	270	266	283	335	375	418	389	443	325	250	250	250	230	75	0	–	–
Long-Term Leases	–	–	0	0.54	1.15	0.73	0.93	0	–	–	–	–	–	–	–	–	–	–	–
Operating Lease Liabilities	–	–	0	0.54	1.15	0.73	0.93	0	–	–	–	–	–	–	–	–	–	–	–
Deferred Tax Liabilities	–	–	–	–	–	–	–	–	–	–	–	0	0.04	0	–	–	–	–	–
Other Long-Term Liabilities	0.48	0.85	0.72	0.62	0.72	0.20	0.15	–	–	–	–	–	–	–	–	–	–	–	–
Total Liabilities	457	309	341	340	353	375	435	469	430	479	358	287	281	276	258	90	12	–	–
Total Debt	424	270	302	306	321	357	399	437	389	443	325	250	250	250	230	75	0	–	–
Common Stock	2.12	2.12	2.09	2.09	1.84	1.51	1.47	1.42	1.42	1.02	0.89	0.89	0.75	0.53	0.47	0.47	0.42	–	–
Additional Paid-In Capital	198	198	191	189	139	59	38	124	123	235	115	114	208	16	13	11	934	–	–
Retained Earnings	1.40	-11	-58	-156	-171	0	-10	-309	-209	-4.46	0	-13	-105	-73	-72	-0.81	0	–	–
Comprehensive Income & Other	-1.16	-1.82	-2.09	-1.81	-1.58	-1.32	-1.40	-1.32	-1.19	-1.04	-0.97	-8.03	-0.16	-0.08	-0.21	0	–	–	–
Shareholders' Equity	446	509	538	540	498	599	595	602	711	871	881	889	855	809	868	993	934	789	672
Total Equity	446	509	538	540	498	599	595	602	711	871	881	889	855	809	868	993	934	789	672
Total Liabilities & Equity	902	818	879	880	851	974	1,031	1,071	1,141	1,350	1,239	1,169	1,136	1,086	1,125	1,083	947	–	–
Shares Outstanding(shares)	212	212	209	209	184	151	147	142	142	102	89	89	75	53	47	47	42	–	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 62.3%
Operating margin: 15.9%
Net margin: 4.2%
Return on equity, FY2025: 2.6%

Financial strength

Current ratio: 2.24
Debt to equity: 0.95
Debt to assets: 47.0%
Cash to current liabilities: 68.0%

Valuation

P/E ratio: 125.3
Price to sales: –
Price to book: –
Dividend yield: 4.79%