Nordic American Tankers (NAT) Interest Coverage Ratio (2009 - 2026)
Nordic American Tankers' (NAT) quarterly Interest Coverage Ratio came in at 6.35 in Q1 2026, down 330.78% year-on-year from 2.75 in Q1 2025, and down 180.15% quarter-over-quarter from 2.27 in Q4 2025.
Nordic American Tankers (NAT) Interest Coverage Ratio (2009 - 2026) Analysis & Trends
Nordic American Tankers' Interest Coverage Ratio history runs 18 years deep, the most recent figure standing at 6.35 for Q1 2026.
- On a quarterly basis, Interest Coverage Ratio fell 330.78% year-over-year to 6.35 in Q1 2026; TTM through Mar 2026 was 2.44, a 12.43% decrease from a year earlier, with the FY2025 full-year figure at 1.3, down 151.54% from the prior year.
- Interest Coverage Ratio slipped to 6.35 in Q1 2026 per NAT's latest filing, from 2.27 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 3.44 in Q1 2022 and bottomed at 1914769.72 in Q3 2023.
- The 5-year median for Interest Coverage Ratio is 2.36 (2022), against an average of 112955.24.
- Across the five-year window, Interest Coverage Ratio jumped 224.98% in 2022 and sank 81281288.26% in 2023, its largest moves.
- Year by year, Interest Coverage Ratio stood at 5434.0 in 2022, then jumped by 99.94% to 3.41 in 2023, then jumped by 63.87% to 1.23 in 2024, then sank by 83.81% to 2.27 in 2025, then tumbled by 180.15% to 6.35 in 2026.
- Per Business Quant, the three latest NAT Interest Coverage Ratio figures stand at 6.35 (Q1 2026), 2.27 (Q4 2025), and 0.69 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 29.67 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -4.16 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 5.26 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 2.64 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 2.88 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.70 |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 3.15 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 2.21 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 3.25 |
| 10 | Nordic American Tankers | 1.36 Bn | 1.28 Bn | 48.56 Mn | -6.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -6.35 |
| Dec 31, 2025 | -2.27 |
| Sep 30, 2025 | -0.69 |
| Jun 30, 2025 | -0.82 |
| Mar 31, 2025 | -1.47 |
| Dec 31, 2024 | -1.23 |
| Sep 30, 2024 | -2.10 |
| Jun 30, 2024 | -3.72 |
| Mar 31, 2024 | -2.86 |
| Dec 31, 2023 | -3.41 |
| Sep 30, 2023 | -1.91 Mn |
| Jun 30, 2023 | -4.43 |
| Mar 31, 2023 | -6.81 |
| Dec 31, 2022 | -5,434.00 |
| Sep 30, 2022 | -2.36 |
| Jun 30, 2022 | -0.34 |
| Mar 31, 2022 | 3.44 |
| Dec 31, 2021 | 9.93 |
| Sep 30, 2021 | 5.97 |
| Jun 30, 2021 | 3.01 |