Nordic American Tankers (NAT) Debt Ratio (2009 - 2026)

Nordic American Tankers' (NAT) quarterly Debt Ratio came in at 0.46 in Q1 2026, up 17.41% year-on-year from 0.39 in Q1 2025, and down 1.96% quarter-over-quarter from 0.47 in Q4 2025.

Nordic American Tankers (NAT) Debt Ratio (2009 - 2026) Analysis & Trends

Nordic American Tankers' Debt Ratio history runs 18 years deep, the most recent figure standing at 0.46 for Q1 2026.

  • On a quarterly basis, Debt Ratio rose 17.41% year-over-year to 0.46 in Q1 2026; TTM through Mar 2026 was 0.46, a 17.41% increase from a year earlier, with the FY2025 full-year figure at 0.47, up 42.52% from the prior year.
  • Debt Ratio retreated to 0.46 in Q1 2026 per NAT's latest filing, from 0.47 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.47 in Q4 2025 and bottomed at 0.31 in Q3 2023.
  • The 5-year median for Debt Ratio is 0.35 (2022), against an average of 0.37.
  • Across the five-year window, Debt Ratio retreated 19.9% in 2023 and surged 42.52% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.35 in 2022, then decreased by 1.37% to 0.34 in 2023, then declined by 3.84% to 0.33 in 2024, then jumped by 42.52% to 0.47 in 2025, then slipped by 1.96% to 0.46 in 2026.
  • Per Business Quant, the three latest NAT Debt Ratio figures stand at 0.46 (Q1 2026), 0.47 (Q4 2025), and 0.47 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 0.06
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn 0.70
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 0.44
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 0.47
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 0.42
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 0.39
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 0.47
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 0.70
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 0.49
10 Nordic American Tankers 1.36 Bn 1.28 Bn 48.56 Mn 0.46

Historic Data

Download Data
DateValue
Mar 31, 2026 0.46
Dec 31, 2025 0.47
Sep 30, 2025 0.47
Jun 30, 2025 0.46
Mar 31, 2025 0.39
Dec 31, 2024 0.33
Sep 30, 2024 0.33
Jun 30, 2024 0.33
Mar 31, 2024 0.34
Dec 31, 2023 0.34
Sep 30, 2023 0.31
Jun 30, 2023 0.32
Mar 31, 2023 0.33
Dec 31, 2022 0.35
Sep 30, 2022 0.38
Jun 30, 2022 0.39
Dec 31, 2021 0.38
Sep 30, 2021 0.37
Jun 30, 2021 0.37
Mar 31, 2021 0.37