Northern Historical Balance Sheet
NTIC Stock | USD 14.24 0.38 2.74% |
Trend analysis of Northern Technologies balance sheet accounts such as Total Stockholder Equity of 80.1 M provides information on Northern Technologies' total assets, liabilities, and equity, which is the actual value of Northern Technologies to its prevalent stockholders. By breaking down trends over time using Northern Technologies balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining Northern Technologies latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northern Technologies is a good buy for the upcoming year.
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About Northern Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Northern Technologies at a specified time, usually calculated after every quarter, six months, or one year. Northern Technologies Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northern Technologies and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Northern currently owns. An asset can also be divided into two categories, current and non-current.
Northern Technologies Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of Northern Technologies assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Northern Technologies books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on Northern Technologies balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Northern Technologies are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most accounts from Northern Technologies' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Northern Technologies current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.At present, Northern Technologies' Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Total Current Liabilities is expected to grow to about 20.2 M, whereas Cash is forecasted to decline to about 3.2 M.
2021 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 3.0M | 4.0M | 4.5M | 4.8M | Total Assets | 86.2M | 89.3M | 102.7M | 107.9M |
Northern Technologies balance sheet Correlations
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Northern Technologies Account Relationship Matchups
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Northern Technologies balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 66.1M | 74.4M | 86.2M | 89.3M | 102.7M | 107.9M | |
Other Current Liab | 2.2M | 3.8M | 3.0M | 4.0M | 4.5M | 4.8M | |
Total Current Liabilities | 6.1M | 8.5M | 17.1M | 16.7M | 19.2M | 20.2M | |
Total Stockholder Equity | 56.7M | 62.4M | 63.6M | 66.4M | 76.3M | 80.1M | |
Property Plant And Equipment Net | 7.8M | 12.2M | 12.7M | 14.5M | 16.7M | 17.5M | |
Net Debt | (5.7M) | (7.3M) | 1.1M | 1.4M | 1.2M | 1.3M | |
Retained Earnings | 42.5M | 47.0M | 50.7M | 51.0M | 58.7M | 61.6M | |
Accounts Payable | 3.2M | 4.3M | 7.8M | 6.1M | 7.0M | 7.3M | |
Cash | 6.4M | 7.7M | 5.3M | 5.4M | 6.2M | 3.2M | |
Non Current Assets Total | 32.9M | 40.6M | 46.0M | 49.7M | 57.1M | 60.0M | |
Cash And Short Term Investments | 11.9M | 7.7M | 5.3M | 5.4M | 6.2M | 4.2M | |
Net Receivables | 9.5M | 13.6M | 16.6M | 19.1M | 22.0M | 23.1M | |
Common Stock Shares Outstanding | 9.1M | 9.9M | 9.6M | 9.7M | 11.1M | 9.3M | |
Liabilities And Stockholders Equity | 66.1M | 74.4M | 86.2M | 89.3M | 102.7M | 107.9M | |
Non Current Liabilities Total | 272.4K | 104.1K | 1.9M | 1.9M | 2.2M | 2.3M | |
Inventory | 11.0M | 11.1M | 16.3M | 13.1M | 15.1M | 15.8M | |
Other Current Assets | 797.5K | 1.3M | 2.0M | 2.0M | 2.3M | 2.4M | |
Other Stockholder Equity | 17.4M | 18.7M | 19.9M | 22.0M | 25.3M | 26.5M | |
Total Liab | 6.4M | 8.6M | 18.9M | 18.6M | 21.4M | 22.5M | |
Total Current Assets | 33.2M | 33.7M | 40.2M | 39.7M | 45.6M | 47.9M | |
Property Plant And Equipment Gross | 7.8M | 12.2M | 12.7M | 14.5M | 16.7M | 17.5M | |
Accumulated Other Comprehensive Income | (3.4M) | (3.5M) | (7.2M) | (6.8M) | (6.1M) | (5.8M) | |
Common Stock Total Equity | 181.7K | 182K | 183.7K | 184.7K | 212.3K | 108.5K | |
Common Stock | 182K | 183.7K | 184.7K | 188.5K | 216.8K | 112.5K | |
Other Assets | 1.7M | 1.6M | 209.7K | 92.6K | 83.3K | 79.1K | |
Property Plant Equipment | 7.4M | 7.1M | 12.2M | 12.2M | 14.0M | 14.7M | |
Short Term Investments | 5.5M | 4.6K | 5.6K | 23.7B | 27.2B | 28.6B | |
Good Will | 1.0M | 802.0K | 0.0 | 4.8M | 5.5M | 5.8M | |
Intangible Assets | 802.0K | 709.6K | 6.6M | 6.2M | 7.1M | 7.4M | |
Net Tangible Assets | 56.6M | 56.7M | 61.7M | 52.2M | 60.0M | 53.6M | |
Noncontrolling Interest In Consolidated Entity | 3.1M | 3.0M | 3.4M | 3.6M | 4.2M | 3.2M | |
Retained Earnings Total Equity | 45.0M | 42.5M | 47.0M | 50.7M | 58.3M | 41.9M | |
Capital Surpluse | 16.0M | 17.4M | 18.7M | 19.9M | 22.9M | 16.4M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Northern Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Northern Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Northern Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Northern Technologies Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade Northern Stock refer to our How to Trade Northern Stock guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Specialty Chemicals 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 Technologies. 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 Technologies 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 (0.09) | Earnings Share 0.55 | Revenue Per Share 8.752 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0079 |
The market value of Northern Technologies 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 Technologies' value that differs from its market value or its book value, called intrinsic value, which is Northern Technologies' 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 Technologies' market value can be influenced by many factors that don't directly affect Northern Technologies' 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 Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Technologies' 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.