Nordic American Tankers (NAT) Asset Utilization Ratio (2009 - 2026)
Nordic American Tankers (NAT) posted Asset Utilization Ratio of 0.54 for Q2 2026, up 7.67% on a QoQ basis from 0.51 in Q1 2026, and up 181.28% year-over-year from 0.19 in Q2 2025.
Analysis
Nordic American Tankers (NAT) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Nordic American Tankers has reported Asset Utilization Ratio for 18 years, with the latest figure at 0.54 in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio rose 181.28% year-over-year to 0.54 in Q2 2026; TTM through Jun 2026 was 0.54, a 181.28% increase from a year earlier, with the FY2025 full-year figure at 0.21, down 48.5% from the prior year.
- Asset Utilization Ratio was 0.54 for Q2 2026 at Nordic American Tankers, up from 0.51 in the prior quarter.
- The five-year high for Asset Utilization Ratio was 0.54 in Q2 2026, with the low at 0.14 in Q3 2022.
- Average Asset Utilization Ratio over 5 years is 0.32, with a median of 0.32 recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Asset Utilization Ratio tumbled 43.75% in 2025, then jumped 181.28% in 2026.
- Over 5 years, Asset Utilization Ratio stood at 0.19 in 2022, then surged by 98.42% to 0.38 in 2023, then dropped by 28.54% to 0.27 in 2024, then soared by 67.54% to 0.46 in 2025, then increased by 19.59% to 0.54 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.54 (Q2 2026), 0.51 (Q1 2026), and 0.46 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 0.47 |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 0.57 |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 0.74 |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 0.43 |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | 0.38 |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | - |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | 0.28 |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 0.32 |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | 0.46 |
| 10 | Nordic American Tankers | 1.53 Bn | 1.40 Bn | 53.91 Mn | 0.54 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.54 |
| Mar 31, 2026 | 0.51 |
| Dec 31, 2025 | 0.46 |
| Sep 30, 2025 | 0.18 |
| Jun 30, 2025 | 0.19 |
| Mar 31, 2025 | 0.24 |
| Dec 31, 2024 | 0.27 |
| Sep 30, 2024 | 0.32 |
| Jun 30, 2024 | 0.34 |
| Mar 31, 2024 | 0.34 |
| Dec 31, 2023 | 0.38 |
| Sep 30, 2023 | 0.35 |
| Jun 30, 2023 | 0.31 |
| Mar 31, 2023 | 0.28 |
| Dec 31, 2022 | 0.19 |
| Sep 30, 2022 | 0.14 |
| Dec 31, 2021 | 0.11 |
| Sep 30, 2021 | 0.10 |
| Jun 30, 2021 | 0.26 |
| Mar 31, 2021 | 0.47 |