Nordic Payables Turnover vs Income Quality Analysis

NAT Stock

USD 2.95 0.02 0.67%

Nordic American financial indicator trend analysis is infinitely more than just investigating Nordic American Tankers recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nordic American Tankers is a good investment. Please check the relationship between Nordic American Payables Turnover and its Income Quality accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Payables Turnover vs Income Quality

Payables Turnover vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nordic American Tankers Payables Turnover account and Income Quality. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nordic American's Payables Turnover and Income Quality is -0.19. Overlapping area represents the amount of variation of Payables Turnover that can explain the historical movement of Income Quality in the same time period over historical financial statements of Nordic American Tankers, assuming nothing else is changed. The correlation between historical values of Nordic American's Payables Turnover and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payables Turnover of Nordic American Tankers are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Payables Turnover i.e., Nordic American's Payables Turnover and Income Quality go up and down completely randomly.

Correlation Coefficient

-0.19

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Payables Turnover

A liquidity ratio that shows how quickly a company pays off its suppliers by dividing total purchases by average accounts payable.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

Most indicators from Nordic American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nordic American Tankers current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nordic American Tankers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Sales General And Administrative To Revenue is likely to gain to 0.07 in 2024, whereas Selling General Administrative is likely to drop slightly above 11.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Income	26.4M	27.1M	1.1M	1.1M
Tax Provision	59K	23K	120K	62.0K

Interest Income Tax Provision

Nordic American fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Accounts Payable	Non Current Liabilities Total	Short Term Debt	Long Term Debt	Property Plant Equipment
Total Assets		0.21	-0.1	0.93	0.99	0.67	-0.08	0.66	0.99	-0.74	0.66	0.61	0.17	0.0	0.15	0.52	0.66	0.77	0.77	0.01	0.73	0.42	0.81	0.72	0.79	0.95
Other Current Liab	0.21		0.78	0.09	0.22	0.32	-0.29	0.1	0.18	-0.63	0.09	0.44	0.83	0.83	0.92	0.04	0.29	0.34	0.34	0.89	0.33	0.17	0.24	-0.11	0.33	0.3
Total Current Liabilities	-0.1	0.78		-0.3	-0.08	0.3	-0.34	-0.02	-0.15	-0.54	-0.03	0.23	0.87	0.95	0.77	0.09	0.1	0.28	0.23	0.94	0.28	0.42	0.11	-0.58	0.2	0.04
Total Stockholder Equity	0.93	0.09	-0.3		0.89	0.35	0.12	0.6	0.93	-0.57	0.6	0.49	-0.1	-0.23	0.02	0.45	0.54	0.47	0.64	-0.2	0.42	0.36	0.54	0.83	0.51	0.86
Property Plant And Equipment Net	0.99	0.22	-0.08	0.89		0.72	-0.03	0.58	0.99	-0.74	0.58	0.59	0.19	0.02	0.12	0.48	0.59	0.79	0.69	0.02	0.76	0.37	0.84	0.67	0.81	0.97
Net Debt	0.67	0.32	0.3	0.35	0.72		-0.35	0.32	0.66	-0.7	0.31	0.57	0.58	0.41	0.27	0.4	0.5	0.97	0.57	0.39	0.98	0.27	0.95	0.18	0.95	0.7
Retained Earnings	-0.08	-0.29	-0.34	0.12	-0.03	-0.35		-0.36	-0.04	0.25	-0.35	-0.12	-0.53	-0.44	-0.4	0.08	-0.76	-0.4	-0.33	-0.45	-0.41	-0.04	-0.36	0.14	-0.38	-0.01
Cash	0.66	0.1	-0.02	0.6	0.58	0.32	-0.36		0.6	-0.54	1.0	0.18	0.17	0.06	0.21	0.36	0.71	0.52	0.85	0.05	0.49	0.47	0.54	0.45	0.52	0.56
Non Current Assets Total	0.99	0.18	-0.15	0.93	0.99	0.66	-0.04	0.6		-0.71	0.6	0.59	0.13	-0.05	0.1	0.48	0.63	0.74	0.7	-0.04	0.71	0.36	0.8	0.73	0.77	0.96
Non Currrent Assets Other	-0.74	-0.63	-0.54	-0.57	-0.74	-0.7	0.25	-0.54	-0.71		-0.54	-0.6	-0.69	-0.61	-0.63	-0.44	-0.59	-0.77	-0.77	-0.59	-0.74	-0.63	-0.69	-0.13	-0.73	-0.82
Cash And Short Term Investments	0.66	0.09	-0.03	0.6	0.58	0.31	-0.35	1.0	0.6	-0.54		0.17	0.16	0.04	0.2	0.36	0.7	0.52	0.85	0.03	0.49	0.48	0.54	0.45	0.52	0.57
Net Receivables	0.61	0.44	0.23	0.49	0.59	0.57	-0.12	0.18	0.59	-0.6	0.17		0.35	0.3	0.44	0.24	0.42	0.58	0.55	0.31	0.55	0.3	0.56	0.3	0.56	0.6
Common Stock Total Equity	0.17	0.83	0.87	-0.1	0.19	0.58	-0.53	0.17	0.13	-0.69	0.16	0.35		0.95	0.84	0.08	0.37	0.57	0.39	0.96	0.59	0.27	0.45	-0.37	0.54	0.26
Common Stock Shares Outstanding	0.0	0.83	0.95	-0.23	0.02	0.41	-0.44	0.06	-0.05	-0.61	0.04	0.3	0.95		0.84	0.06	0.24	0.39	0.29	0.99	0.4	0.27	0.25	-0.51	0.33	0.13
Inventory	0.15	0.92	0.77	0.02	0.12	0.27	-0.4	0.21	0.1	-0.63	0.2	0.44	0.84	0.84		-0.05	0.36	0.32	0.42	0.88	0.32	0.22	0.22	-0.22	0.31	0.22
Other Current Assets	0.52	0.04	0.09	0.45	0.48	0.4	0.08	0.36	0.48	-0.44	0.36	0.24	0.08	0.06	-0.05		0.21	0.46	0.62	0.02	0.42	0.5	0.42	0.39	0.39	0.43
Other Stockholder Equity	0.66	0.29	0.1	0.54	0.59	0.5	-0.76	0.71	0.63	-0.59	0.7	0.42	0.37	0.24	0.36	0.21		0.63	0.7	0.25	0.61	0.29	0.64	0.39	0.64	0.57
Total Liab	0.77	0.34	0.28	0.47	0.79	0.97	-0.4	0.52	0.74	-0.77	0.52	0.58	0.57	0.39	0.32	0.46	0.63		0.73	0.37	0.99	0.37	0.98	0.28	0.98	0.77
Total Current Assets	0.77	0.34	0.23	0.64	0.69	0.57	-0.33	0.85	0.7	-0.77	0.85	0.55	0.39	0.29	0.42	0.62	0.7	0.73		0.28	0.69	0.63	0.7	0.43	0.69	0.69
Common Stock	0.01	0.89	0.94	-0.2	0.02	0.39	-0.45	0.05	-0.04	-0.59	0.03	0.31	0.96	0.99	0.88	0.02	0.25	0.37	0.28		0.38	0.22	0.23	-0.45	0.32	0.12
Short Long Term Debt Total	0.73	0.33	0.28	0.42	0.76	0.98	-0.41	0.49	0.71	-0.74	0.49	0.55	0.59	0.4	0.32	0.42	0.61	0.99	0.69	0.38		0.32	0.98	0.24	0.99	0.74
Accounts Payable	0.42	0.17	0.42	0.36	0.37	0.27	-0.04	0.47	0.36	-0.63	0.48	0.3	0.27	0.27	0.22	0.5	0.29	0.37	0.63	0.22	0.32		0.27	-0.02	0.28	0.45
Non Current Liabilities Total	0.81	0.24	0.11	0.54	0.84	0.95	-0.36	0.54	0.8	-0.69	0.54	0.56	0.45	0.25	0.22	0.42	0.64	0.98	0.7	0.23	0.98	0.27		0.4	0.99	0.79
Short Term Debt	0.72	-0.11	-0.58	0.83	0.67	0.18	0.14	0.45	0.73	-0.13	0.45	0.3	-0.37	-0.51	-0.22	0.39	0.39	0.28	0.43	-0.45	0.24	-0.02	0.4		0.34	0.54
Long Term Debt	0.79	0.33	0.2	0.51	0.81	0.95	-0.38	0.52	0.77	-0.73	0.52	0.56	0.54	0.33	0.31	0.39	0.64	0.98	0.69	0.32	0.99	0.28	0.99	0.34		0.78
Property Plant Equipment	0.95	0.3	0.04	0.86	0.97	0.7	-0.01	0.56	0.96	-0.82	0.57	0.6	0.26	0.13	0.22	0.43	0.57	0.77	0.69	0.12	0.74	0.45	0.79	0.54	0.78

Click cells to compare fundamentals

Nordic American Account Relationship Matchups

Nordic American fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	974.3M	903.1M	880.7M	879.2M	829.9M
Other Current Liab	15.6M	13.3M	20.8M	19.6M	31.2M	32.7M
Total Current Liabilities	59.0M	39.7M	67.6M	73.3M	70.5M	74.0M
Total Stockholder Equity	595.4M	599.1M	550.1M	540.0M	538.3M	607.5M
Property Plant And Equipment Net	900.0M	872.3M	790.9M	735.1M	770.1M	725.3M
Net Debt	351.0M	298.9M	286.2M	246.5M	268.2M	166.4M
Retained Earnings	(10.4M)	0.0	(171.3M)	(156.2M)	(57.5M)	(54.6M)
Cash	48.8M	57.8M	34.7M	59.6M	33.4M	35.0M
Non Current Assets Total	901.5M	874.8M	795.4M	737.2M	770.3M	746.3M
Non Currrent Assets Other	1.5M	2.5M	4.5M	2.1M	155K	147.3K
Cash And Short Term Investments	49.7M	57.8M	34.7M	59.6M	31.1M	35.0M
Net Receivables	24.6M	6.3M	9.4M	20.5M	26.3M	16.7M
Common Stock Shares Outstanding	142.6M	149.3M	162.5M	202.0M	208.8M	219.3M
Liabilities And Stockholders Equity	1.0B	974.3M	903.1M	880.7M	879.2M	829.9M
Inventory	22.5M	19.4M	20.9M	25.4M	42.4M	44.5M
Other Current Assets	16.5M	15.9M	42.1M	37.2M	6.9M	6.6M
Other Stockholder Equity	605.7M	598.9M	669.3M	695.9M	595.8M	677.6M
Total Liab	435.5M	375.2M	352.9M	340.8M	340.9M	222.4M
Total Current Assets	129.4M	99.5M	107.6M	143.5M	108.9M	83.6M
Accumulated Other Comprehensive Income	(1.4M)	(1.3M)	(1.6M)	(1.8M)	(2.1M)	(2.2M)
Common Stock	1.5M	1.5M	1.8M	2.1M	2.4M	2.5M
Short Long Term Debt Total	399.8M	356.7M	321.0M	306.0M	301.6M	226.5M
Accounts Payable	8.4M	4.1M	6.6M	7.0M	3.4M	4.5M
Non Current Liabilities Total	376.5M	335.5M	285.3M	267.5M	270.4M	207.4M
Short Term Debt	23.5M	22.1M	37.5M	39.7M	31.9M	30.3M
Long Term Debt	375.4M	334.6M	283.4M	266.3M	269.7M	244.8M
Property Plant Equipment	901.5M	873.8M	790.9M	735.1M	845.4M	776.8M
Other Liab	153K	197K	724K	1.2M	1.3M	1.3M
Other Assets	57K	1.0M	4.5M	2.1M	2.4M	2.3M
Net Tangible Assets	595.4M	599.1M	550.1M	540.0M	486.0M	561.4M
Short Long Term Debt	23.5M	22.1M	37.5M	39.7M	31.9M	30.3M
Long Term Debt Total	375.4M	334.6M	283.4M	266.3M	239.7M	274.1M
Capital Surpluse	605.7M	598.9M	669.3M	695.9M	626.3M	615.7M
Cash And Equivalents	48.8M	57.8M	34.7M	59.6M	53.6M	44.7M
Net Invested Capital	994.3M	356.7M	321.0M	306.0M	839.9M	566.4M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Nordic Stock Analysis

When running Nordic American's price analysis, check to measure Nordic American's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nordic American is operating at the current time. Most of Nordic American's value examination focuses on studying past and present price action to predict the probability of Nordic American's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nordic American's price. Additionally, you may evaluate how the addition of Nordic American to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC