Combined Ratio (Annual)

Combined Ratio: A measure of profitability used by an insurance company to indicate how well it is performing in its daily operations. The combined ratio is calculated by taking the sum of incurred losses and expenses and then dividing them by earned premium. Calculated as: Total Operating Expenses / Net Premiums Earned

Nordic American Tankers Limited (NAT) Combined Ratio data is not available.

Quarterly Annual

Figures for fiscal year ending 2024-12-31

Income Statement Financials
Revenue	$349.74M
Net Income	$46.64M
Cost of Goods Sold	$187.46M
Gross Profit	$162.29M
Operating Expenses	$272.43M
Operating Income	$77.31M
Non-Operating Income/Expense	$-30.68M
Pre-Tax Income	$46.63M
Normalized Pre-Tax Income	$46.63M
Income after Taxes	$46.64M
Income from Continuous Operations	$46.64M
Consolidated Net Income/Loss	$46.64M
Normalized Income after Taxes	$46.64M
EBIT	$77.31M
EBITDA	$134.31M
Weighted-Average Shares Outstanding (Basic)	209.23M
Weighted-Average Shares Outstanding (Diluted)	209.90M
Earnings per Share (EPS) (Basic)	$0.22
Earnings per Share (EPS) (Diluted)	$0.22
Balance Sheet Financials
Current Assets	$98.77M
Property, Plant, and Equipment	$715.27M
Long-Term Assets	$718.82M
Total Assets	$817.59M
Current Liabilities	$59.78M
Long-Term Debt	$248.14M
Long-Term Liabilities	$248.99M
Total Liabilities	$308.77M
Common Equity	$508.81M
Tangible Shareholders Equity	$508.81M
Shareholders Equity	$508.81M
Common Shares Outstanding	211.75M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$128.16M
Cash Flow from Investing Activities	$-2.62M
Cash Flow from Financial Activities	$-115.05M
Beginning Cash	$33.36M
End Cash	$44.38M
Increase/Decrease in Cash	$11.02M
Stock-Based Compensation	$1.85M
Common Stock Dividends Paid	$-87.69M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.65
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.33
Debt to Equity Ratio	0.53
Gross Margin	46.40%
Operating Margin	22.11%
EBIT Margin	22.11%
EBITDA Margin	38.40%
Pre-Tax Profit Margin	13.33%
Profit Margin	13.34%
Free Cash Flow	$125.54M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.43
Inventory Turnover	8.55
Receiveable Turnover	21.56
Days Sales in Receivables	16.93
Return on Equity	9.17%
Return on Tangible Equity	9.17%
Return on Assets	5.71%
Return on Investments	6.16%
Book Value Per Share	$2.40
Free Cash Flow per Share	$0.60
Operating Cash Flow per Share	$0.61

Data from Zacks Investment Research, Inc.