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| Date | Value |
|---|---|
| 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 |