Northern Net Debt vs Net Invested Capital Analysis

NOG Stock

USD 42.34 0.77 1.85%

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

Net Debt vs Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Oil Gas Net Debt account and Net Invested Capital. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Northern Oil's Net Debt and Net Invested Capital is 0.87. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Net Invested Capital in the same time period over historical financial statements of Northern Oil Gas, assuming nothing else is changed. The correlation between historical values of Northern Oil's Net Debt and Net Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Northern Oil Gas are associated (or correlated) with its Net Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Invested Capital has no effect on the direction of Net Debt i.e., Northern Oil's Net Debt and Net Invested Capital go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

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Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

Most indicators from Northern Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Oil Gas 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 Northern Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, Northern Oil's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Northern Oil's current Enterprise Value Multiple is estimated to increase to 3.38, while Issuance Of Capital Stock is projected to decrease to roughly 223.3 M.

	2023	2024 (projected)
Extraordinary Items	720K	640K
Reconciled Depreciation	412.2M	213.1M

Extraordinary Items Reconciled Depreciation

Northern Oil fundamental ratios Correlations

	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Short Term Debt	Common Stock	Accounts Payable	Other Current Liab	Current Deferred Revenue	Total Assets	Property Plant And Equipment Net	Cash	Non Current Assets Total	Cash And Short Term Investments	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Property Plant Equipment	Non Currrent Assets Other	Other Assets
Short Long Term Debt Total		0.46	0.22	0.79	-0.16	0.32	0.42	0.78	0.65	0.74	0.05	0.31	0.41	0.35	-0.04	0.51	0.49	0.31	0.49	0.31	0.47	0.46	0.59	0.47	0.44	-0.01
Total Current Liabilities	0.46		0.76	0.8	-0.08	0.8	0.86	0.84	0.34	0.89	-0.51	0.8	0.7	0.87	0.1	0.89	0.88	-0.19	0.89	-0.19	0.7	0.89	0.89	0.91	0.14	0.1
Total Stockholder Equity	0.22	0.76		0.63	0.48	0.55	0.7	0.67	-0.02	0.7	-0.41	0.53	0.75	0.55	-0.03	0.93	0.94	-0.31	0.93	-0.31	0.78	0.83	0.85	0.9	-0.05	-0.13
Net Debt	0.79	0.8	0.63		-0.18	0.78	0.85	0.99	0.57	0.98	-0.45	0.76	0.5	0.73	0.22	0.86	0.86	-0.03	0.86	-0.03	0.82	0.83	0.88	0.84	0.36	0.16
Retained Earnings	-0.16	-0.08	0.48	-0.18		-0.45	-0.26	-0.13	-0.51	-0.12	0.35	-0.48	0.53	-0.41	-0.49	0.2	0.22	-0.11	0.22	-0.11	0.07	0.02	0.09	0.18	-0.42	-0.52
Common Stock Total Equity	0.32	0.8	0.55	0.78	-0.45		0.91	0.76	0.46	0.79	-0.82	1.0	0.22	0.89	0.51	0.72	0.71	-0.25	0.71	-0.25	0.72	0.76	0.74	0.71	0.36	0.41
Common Stock Shares Outstanding	0.42	0.86	0.7	0.85	-0.26	0.91		0.87	0.34	0.89	-0.72	0.92	0.35	0.92	0.3	0.85	0.85	-0.22	0.85	-0.22	0.84	0.94	0.87	0.83	0.31	0.22
Non Current Liabilities Total	0.78	0.84	0.67	0.99	-0.13	0.76	0.87		0.52	1.0	-0.43	0.75	0.56	0.76	0.16	0.89	0.89	-0.01	0.89	-0.01	0.81	0.87	0.91	0.87	0.32	0.1
Other Stockholder Equity	0.65	0.34	-0.02	0.57	-0.51	0.46	0.34	0.52		0.5	-0.17	0.45	0.12	0.38	-0.07	0.25	0.22	0.2	0.23	0.2	0.28	0.26	0.42	0.2	0.44	0.06
Total Liab	0.74	0.89	0.7	0.98	-0.12	0.79	0.89	1.0	0.5		-0.45	0.78	0.59	0.8	0.15	0.91	0.9	-0.04	0.91	-0.04	0.81	0.89	0.93	0.9	0.3	0.1
Short Term Debt	0.05	-0.51	-0.41	-0.45	0.35	-0.82	-0.72	-0.43	-0.17	-0.45		-0.82	0.08	-0.73	-0.54	-0.47	-0.46	0.37	-0.47	0.37	-0.52	-0.56	-0.47	-0.46	-0.4	-0.32
Common Stock	0.31	0.8	0.53	0.76	-0.48	1.0	0.92	0.75	0.45	0.78	-0.82		0.2	0.91	0.51	0.7	0.69	-0.25	0.7	-0.25	0.69	0.76	0.72	0.7	0.36	0.4
Accounts Payable	0.41	0.7	0.75	0.5	0.53	0.22	0.35	0.56	0.12	0.59	0.08	0.2		0.29	-0.34	0.73	0.73	-0.08	0.73	-0.08	0.47	0.55	0.69	0.75	-0.22	-0.21
Other Current Liab	0.35	0.87	0.55	0.73	-0.41	0.89	0.92	0.76	0.38	0.8	-0.73	0.91	0.29		0.28	0.72	0.71	-0.18	0.72	-0.18	0.59	0.85	0.75	0.74	0.33	0.11
Current Deferred Revenue	-0.04	0.1	-0.03	0.22	-0.49	0.51	0.3	0.16	-0.07	0.15	-0.54	0.51	-0.34	0.28		0.06	0.07	-0.13	0.07	-0.13	0.18	0.02	-0.02	0.1	0.24	0.66
Total Assets	0.51	0.89	0.93	0.86	0.2	0.72	0.85	0.89	0.25	0.91	-0.47	0.7	0.73	0.72	0.06		1.0	-0.2	1.0	-0.2	0.87	0.93	0.96	0.97	0.13	-0.02
Property Plant And Equipment Net	0.49	0.88	0.94	0.86	0.22	0.71	0.85	0.89	0.22	0.9	-0.46	0.69	0.73	0.71	0.07	1.0		-0.21	1.0	-0.21	0.86	0.93	0.95	0.98	0.1	-0.03
Cash	0.31	-0.19	-0.31	-0.03	-0.11	-0.25	-0.22	-0.01	0.2	-0.04	0.37	-0.25	-0.08	-0.18	-0.13	-0.2	-0.21		-0.21	1.0	-0.16	-0.19	-0.09	-0.24	0.12	-0.18
Non Current Assets Total	0.49	0.89	0.93	0.86	0.22	0.71	0.85	0.89	0.23	0.91	-0.47	0.7	0.73	0.72	0.07	1.0	1.0	-0.21		-0.21	0.86	0.93	0.95	0.98	0.11	-0.03
Cash And Short Term Investments	0.31	-0.19	-0.31	-0.03	-0.11	-0.25	-0.22	-0.01	0.2	-0.04	0.37	-0.25	-0.08	-0.18	-0.13	-0.2	-0.21	1.0	-0.21		-0.16	-0.19	-0.09	-0.24	0.12	-0.18
Other Current Assets	0.47	0.7	0.78	0.82	0.07	0.72	0.84	0.81	0.28	0.81	-0.52	0.69	0.47	0.59	0.18	0.87	0.86	-0.16	0.86	-0.16		0.84	0.89	0.76	0.23	0.28
Property Plant And Equipment Gross	0.46	0.89	0.83	0.83	0.02	0.76	0.94	0.87	0.26	0.89	-0.56	0.76	0.55	0.85	0.02	0.93	0.93	-0.19	0.93	-0.19	0.84		0.93	0.9	0.2	-0.03
Total Current Assets	0.59	0.89	0.85	0.88	0.09	0.74	0.87	0.91	0.42	0.93	-0.47	0.72	0.69	0.75	-0.02	0.96	0.95	-0.09	0.95	-0.09	0.89	0.93		0.9	0.27	0.02
Property Plant Equipment	0.47	0.91	0.9	0.84	0.18	0.71	0.83	0.87	0.2	0.9	-0.46	0.7	0.75	0.74	0.1	0.97	0.98	-0.24	0.98	-0.24	0.76	0.9	0.9		0.07	-0.04
Non Currrent Assets Other	0.44	0.14	-0.05	0.36	-0.42	0.36	0.31	0.32	0.44	0.3	-0.4	0.36	-0.22	0.33	0.24	0.13	0.1	0.12	0.11	0.12	0.23	0.2	0.27	0.07		0.15
Other Assets	-0.01	0.1	-0.13	0.16	-0.52	0.41	0.22	0.1	0.06	0.1	-0.32	0.4	-0.21	0.11	0.66	-0.02	-0.03	-0.18	-0.03	-0.18	0.28	-0.03	0.02	-0.04	0.15

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Northern Oil Account Relationship Matchups

Northern Oil fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Short Long Term Debt Total	1.1B	944.8M	803.6M	1.5B	1.8B	1.9B
Total Current Liabilities	203.5M	182.5M	327.6M	345.0M	385.8M	405.0M
Total Stockholder Equity	558.6M	(223.3M)	215.1M	745.3M	2.0B	2.2B
Net Debt	1.1B	943.4M	793.9M	1.5B	1.8B	1.9B
Retained Earnings	(873.2M)	(1.8B)	(1.8B)	(1.0B)	(77.8M)	(81.7M)
Common Stock Total Equity	66.8K	378.3K	406K	448K	515.2K	541.0K
Common Stock Shares Outstanding	38.7M	42.7M	63.0M	86.7M	92.1M	96.7M
Non Current Liabilities Total	1.1B	912.9M	980.2M	1.8B	2.1B	2.2B
Other Stockholder Equity	1.4B	1.6B	2.0B	1.7B	2.1B	2.2B
Total Liab	1.3B	1.1B	1.3B	2.1B	2.4B	2.6B
Common Stock	406K	448K	479K	487K	503K	528.2K
Accounts Payable	69.4M	35.8M	65.5M	128.6M	192.7M	202.3M
Other Current Liab	134.1M	81.7M	262.1M	216.4M	193.1M	202.7M
Total Assets	1.9B	872.1M	1.5B	2.9B	4.5B	4.7B
Property Plant And Equipment Net	1.7B	735.2M	1.3B	2.5B	3.9B	4.1B
Cash	16.1M	1.4M	9.5M	2.5M	8.2M	7.8M
Non Current Assets Total	1.8B	746.5M	1.3B	2.6B	4.0B	4.2B
Cash And Short Term Investments	16.1M	1.4M	9.5M	2.5M	8.2M	7.8M
Liabilities And Stockholders Equity	1.9B	872.1M	1.5B	2.9B	4.5B	4.7B
Other Current Assets	2.0M	53.2M	3.4M	46.3M	127.4M	133.8M
Property Plant And Equipment Gross	1.7B	735.2M	5.1B	6.5B	8.5B	8.9B
Total Current Assets	133.0M	125.6M	215.3M	320.5M	509.4M	534.9M
Property Plant Equipment	1.7B	735.2M	1.3B	2.5B	2.9B	3.0B
Non Currrent Assets Other	23.6M	6.7M	48.3M	56.0M	43.3M	45.4M
Other Assets	23.8M	744.0M	54.2M	71.8M	82.5M	78.1M
Net Receivables	108.5M	71.0M	193.6M	271.7M	373.8M	392.5M
Inventory	6.5M	51.8M	8.8M	44.3M	1.0	0.95
Other Liab	25.2M	32.6M	176.7M	259.5M	298.5M	313.4M
Long Term Debt	1.1B	879.8M	803.4M	1.5B	1.8B	1.9B
Net Tangible Assets	558.6M	(223.3M)	215.1M	745.3M	857.0M	899.9M
Long Term Debt Total	1.1B	879.8M	803.4M	1.5B	1.8B	1.1B
Capital Surpluse	1.4B	1.6B	2.0B	1.7B	2.0B	1.2B
Deferred Long Term Liab	9.8M	6.5M	5.7M	10.9M	12.5M	8.3M
Non Current Liabilities Other	346K	50K	3.1M	2.0M	2.7M	2.9M
Cash And Equivalents	16.1M	1.4M	9.5M	2.5M	2.3M	2.2M

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When determining whether Northern Oil Gas is a strong investment it is important to analyze Northern Oil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Northern Oil's future performance. For an informed investment choice regarding Northern Stock, refer to the following important reports:

How To Invest In Northern

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Is Northern Stock a good investment?

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What is Northern Oil's Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Largest Oil & Gas E&P Companies

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Oil. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

9.571

Dividend Share

1.62

Earnings Share

8.48

Revenue Per Share

20.025

Quarterly Revenue Growth

0.062

The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Northern Net Debt vs Net Invested Capital Analysis

Net Debt vs Net Invested Capital

Net Debt vs Net Invested Capital Correlation Analysis

Correlation Coefficient

Net Debt

Net Invested Capital

Northern Oil fundamental ratios Correlations

Northern Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Oil fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Common Stock	+ 1.0	Common Stock Total Equity
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash

Common Stock	- 0.82	Short Term Debt
Short Term Debt	- 0.82	Common Stock Total Equity
Other Current Liab	- 0.73	Short Term Debt
Short Term Debt	- 0.72	Common Stock Shares Outstanding
Property Plant And Equipment Gross	- 0.56	Short Term Debt
Current Deferred Revenue	- 0.54	Short Term Debt