As of May 29, 2025, Nordic American Tanker Ltd (NAT) reports a Current Ratio of 1.65.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Nordic American Tanker Ltd's Current Ratio
Over recent years, Nordic American Tanker Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.65 |
| 2023-12-31 | 1.55 |
| 2022-12-31 | 1.97 |
| 2021-12-31 | 1.58 |
| 2020-12-31 | 2.51 |
This slight downward trend highlights how Nordic American Tanker Ltd manages its short-term assets and liabilities over time.
Comparing Nordic American Tanker Ltd's Current Ratio to Peers
To better understand Nordic American Tanker Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Nordic American Tanker Ltd (NAT) | 1.65 |
| BP Midstream Partners LP (BPMP) | 11.01 |
| Ardmore Shipping Corp (ASC) | 4.24 |
| PBF Logistics LP (PBFX) | 3.65 |
| Dorian LPG Ltd (LPG) | 3.54 |
| International Seaways Inc (INSW) | 2.87 |
Compared to its competitors, Nordic American Tanker Ltd's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.