Loss Ratio (Annual)

Loss Ratio: A measure of profitability used by an insurance company to indicate how well it is performing in its daily operations. The loss ratio is calculated by taking the incurred underwriting losses and then dividing them by earned premium. Calculated as: Underwriting Losses Total / Net Premiums Earned

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

Quarterly Annual

Figures for fiscal year ending 2023-12-31

Income Statement Financials
Revenue	$391.69M
Net Income	$98.71M
Cost of Goods Sold	$189.51M
Gross Profit	$202.18M
Operating Expenses	$263.80M
Operating Income	$127.89M
Non-Operating Income/Expense	$-29.06M
Pre-Tax Income	$98.83M
Normalized Pre-Tax Income	$98.83M
Income after Taxes	$98.71M
Income from Continuous Operations	$98.71M
Consolidated Net Income/Loss	$98.71M
Normalized Income after Taxes	$98.71M
EBIT	$127.89M
EBITDA	$180.73M
Weighted-Average Shares Outstanding (Basic)	208.80M
Weighted-Average Shares Outstanding (Diluted)	208.81M
Earnings per Share (EPS) (Basic)	$0.47
Earnings per Share (EPS) (Diluted)	$0.47
Balance Sheet Financials
Current Assets	$108.91M
Property, Plant, and Equipment	$768.58M
Long-Term Assets	$770.29M
Total Assets	$879.20M
Current Liabilities	$70.48M
Long-Term Debt	$269.70M
Long-Term Liabilities	$270.41M
Total Liabilities	$340.89M
Common Equity	$538.30M
Tangible Shareholders Equity	$538.30M
Shareholders Equity	$538.30M
Common Shares Outstanding	208.80M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$139.44M
Cash Flow from Investing Activities	$-73.67M
Cash Flow from Financial Activities	$-95.67M
Beginning Cash	$63.30M
End Cash	$33.36M
Increase/Decrease in Cash	$-29.94M
Stock-Based Compensation	$2.20M
Common Stock Dividends Paid	$-89.78M
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	1.55
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.33
Debt to Equity Ratio	0.56
Gross Margin	51.62%
Operating Margin	32.65%
EBIT Margin	32.65%
EBITDA Margin	46.14%
Pre-Tax Profit Margin	25.23%
Profit Margin	25.20%
Free Cash Flow	$65.78M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.45
Inventory Turnover	6.08
Receiveable Turnover	14.90
Days Sales in Receivables	24.50
Return on Equity	18.34%
Return on Tangible Equity	18.34%
Return on Assets	11.23%
Return on Investments	12.22%
Book Value Per Share	$2.58
Free Cash Flow per Share	$0.32
Operating Cash Flow per Share	$0.67

Data from Zacks Investment Research, Inc.