Northern Long Term Investments vs Total Stockholder Equity Analysis

NTIC Stock

USD 17.80 0.14 0.79%

Northern Technologies financial indicator trend analysis is infinitely more than just investigating Northern Technologies recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Technologies is a good investment. Please check the relationship between Northern Technologies Long Term Investments and its Total Stockholder Equity accounts. 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 tightly coupled 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.

Long Term Investments vs Total Stockholder Equity

Long Term Investments vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Technologies Long Term Investments account and Total Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Northern Technologies' Long Term Investments and Total Stockholder Equity is 0.56. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Northern Technologies, assuming nothing else is changed. The correlation between historical values of Northern Technologies' Long Term Investments and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Northern Technologies are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Long Term Investments i.e., Northern Technologies' Long Term Investments and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.56

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of Northern Technologies balance sheet that represents investments Northern Technologies intends to hold for over a year. Northern Technologies long term investments may include different instruments such as stocks, bonds, real estate and cash.

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 indicators from Northern Technologies' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 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 Technologies. Also, note that the market value of any company could be tightly coupled 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' Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 16.34, whereas Tax Provision is forecasted to decline to about 1.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	23.1M	29.1M	33.4M	35.1M
Total Revenue	74.2M	86.4M	99.3M	104.3M

Gross Profit Total Revenue

Northern Technologies fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Common Stock Total Equity	Common Stock	Other Liab	Other Assets	Property Plant Equipment
Total Assets		-0.65	0.92	0.99	0.97	0.36	0.98	0.93	0.54	0.98	0.15	0.28	0.96	0.75	0.51	0.96	0.71	0.99	0.9	0.98	0.96	0.6	0.61	0.77	-0.59	0.96
Other Current Liab	-0.65		-0.77	-0.56	-0.74	-0.71	-0.53	-0.61	-0.07	-0.67	-0.6	0.23	-0.74	-0.53	-0.42	-0.55	-0.98	-0.71	-0.78	-0.6	-0.75	-0.38	-0.41	-0.26	0.58	-0.65
Total Current Liabilities	0.92	-0.77		0.85	0.94	0.64	0.85	0.97	0.36	0.9	0.09	-0.01	0.97	0.71	0.58	0.92	0.82	0.93	1.0	0.91	0.95	0.62	0.63	0.5	-0.7	0.92
Total Stockholder Equity	0.99	-0.56	0.85		0.93	0.22	1.0	0.89	0.6	0.97	0.16	0.4	0.92	0.74	0.46	0.94	0.63	0.97	0.83	0.97	0.92	0.58	0.59	0.83	-0.52	0.93
Property Plant And Equipment Net	0.97	-0.74	0.94	0.93		0.47	0.92	0.92	0.47	0.96	0.2	0.12	0.97	0.77	0.44	0.93	0.79	0.98	0.93	0.94	1.0	0.6	0.62	0.64	-0.68	0.99
Net Debt	0.36	-0.71	0.64	0.22	0.47		0.22	0.5	-0.38	0.4	0.03	-0.62	0.49	0.28	0.31	0.37	0.69	0.4	0.67	0.3	0.49	0.15	0.17	-0.03	-0.5	0.4
Retained Earnings	0.98	-0.53	0.85	1.0	0.92	0.22		0.9	0.6	0.96	0.12	0.41	0.92	0.73	0.48	0.95	0.61	0.96	0.82	0.97	0.91	0.58	0.59	0.83	-0.49	0.92
Accounts Payable	0.93	-0.61	0.97	0.89	0.92	0.5	0.9		0.46	0.89	-0.07	0.12	0.96	0.71	0.6	0.97	0.67	0.93	0.96	0.94	0.92	0.66	0.68	0.57	-0.62	0.92
Cash	0.54	-0.07	0.36	0.6	0.47	-0.38	0.6	0.46		0.48	-0.03	0.67	0.46	0.58	0.26	0.55	0.09	0.52	0.34	0.59	0.45	0.69	0.69	0.52	-0.32	0.51
Non Current Assets Total	0.98	-0.67	0.9	0.97	0.96	0.4	0.96	0.89	0.48		0.18	0.19	0.93	0.74	0.47	0.91	0.73	0.97	0.89	0.92	0.95	0.51	0.53	0.81	-0.58	0.94
Non Currrent Assets Other	0.15	-0.6	0.09	0.16	0.2	0.03	0.12	-0.07	-0.03	0.18		0.0	0.2	0.17	0.07	-0.05	0.58	0.22	0.09	0.11	0.2	-0.05	-0.03	0.11	-0.03	0.12
Cash And Short Term Investments	0.28	0.23	-0.01	0.4	0.12	-0.62	0.41	0.12	0.67	0.19	0.0		0.12	0.21	0.03	0.28	-0.2	0.24	-0.06	0.37	0.1	0.33	0.32	0.47	0.1	0.15
Net Receivables	0.96	-0.74	0.97	0.92	0.97	0.49	0.92	0.96	0.46	0.93	0.2	0.12		0.75	0.57	0.93	0.81	0.97	0.96	0.96	0.97	0.63	0.65	0.59	-0.64	0.95
Common Stock Shares Outstanding	0.75	-0.53	0.71	0.74	0.77	0.28	0.73	0.71	0.58	0.74	0.17	0.21	0.75		0.37	0.71	0.58	0.75	0.69	0.73	0.76	0.7	0.71	0.52	-0.48	0.77
Non Current Liabilities Total	0.51	-0.42	0.58	0.46	0.44	0.31	0.48	0.6	0.26	0.47	0.07	0.03	0.57	0.37		0.52	0.45	0.49	0.58	0.53	0.44	0.55	0.56	0.25	-0.24	0.41
Inventory	0.96	-0.55	0.92	0.94	0.93	0.37	0.95	0.97	0.55	0.91	-0.05	0.28	0.93	0.71	0.52		0.61	0.95	0.9	0.97	0.93	0.69	0.71	0.65	-0.62	0.94
Other Current Assets	0.71	-0.98	0.82	0.63	0.79	0.69	0.61	0.67	0.09	0.73	0.58	-0.2	0.81	0.58	0.45	0.61		0.77	0.83	0.66	0.81	0.37	0.4	0.32	-0.58	0.72
Other Stockholder Equity	0.99	-0.71	0.93	0.97	0.98	0.4	0.96	0.93	0.52	0.97	0.22	0.24	0.97	0.75	0.49	0.95	0.77		0.92	0.97	0.98	0.63	0.65	0.7	-0.65	0.97
Total Liab	0.9	-0.78	1.0	0.83	0.93	0.67	0.82	0.96	0.34	0.89	0.09	-0.06	0.96	0.69	0.58	0.9	0.83	0.92		0.89	0.94	0.6	0.62	0.49	-0.71	0.9
Total Current Assets	0.98	-0.6	0.91	0.97	0.94	0.3	0.97	0.94	0.59	0.92	0.11	0.37	0.96	0.73	0.53	0.97	0.66	0.97	0.89		0.93	0.67	0.68	0.69	-0.58	0.93
Property Plant And Equipment Gross	0.96	-0.75	0.95	0.92	1.0	0.49	0.91	0.92	0.45	0.95	0.2	0.1	0.97	0.76	0.44	0.93	0.81	0.98	0.94	0.93		0.6	0.62	0.61	-0.69	0.99
Common Stock Total Equity	0.6	-0.38	0.62	0.58	0.6	0.15	0.58	0.66	0.69	0.51	-0.05	0.33	0.63	0.7	0.55	0.69	0.37	0.63	0.6	0.67	0.6		1.0	0.21	-0.67	0.61
Common Stock	0.61	-0.41	0.63	0.59	0.62	0.17	0.59	0.68	0.69	0.53	-0.03	0.32	0.65	0.71	0.56	0.71	0.4	0.65	0.62	0.68	0.62	1.0		0.22	-0.68	0.62
Other Liab	0.77	-0.26	0.5	0.83	0.64	-0.03	0.83	0.57	0.52	0.81	0.11	0.47	0.59	0.52	0.25	0.65	0.32	0.7	0.49	0.69	0.61	0.21	0.22		-0.16	0.65
Other Assets	-0.59	0.58	-0.7	-0.52	-0.68	-0.5	-0.49	-0.62	-0.32	-0.58	-0.03	0.1	-0.64	-0.48	-0.24	-0.62	-0.58	-0.65	-0.71	-0.58	-0.69	-0.67	-0.68	-0.16		-0.66
Property Plant Equipment	0.96	-0.65	0.92	0.93	0.99	0.4	0.92	0.92	0.51	0.94	0.12	0.15	0.95	0.77	0.41	0.94	0.72	0.97	0.9	0.93	0.99	0.61	0.62	0.65	-0.66

Click cells to compare fundamentals

Northern Technologies Account Relationship Matchups

Northern Technologies fundamental ratios 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	880.1K	4.0M	3.0M	(30.2M)	(27.2M)	(25.9M)
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	(1.0)	1.3M	2.0M	21.2B	24.3B	25.6B
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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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:

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Is Northern Stock a good investment?

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What is Northern Technologies' Net Worth?

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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 tightly coupled 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Northern Technologies' price analysis, check to measure Northern Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Technologies is operating at the current time. Most of Northern Technologies' value examination focuses on studying past and present price action to predict the probability of Northern Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Northern Technologies' price. Additionally, you may evaluate how the addition of Northern Technologies to your portfolios can decrease your overall portfolio volatility.

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Is Northern Technologies' industry 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

3.25

Dividend Share

0.28

Earnings Share

0.48

Revenue Per Share

8.802

Quarterly Revenue Growth

0.141

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.

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Northern Long Term Investments vs Total Stockholder Equity Analysis

Long Term Investments vs Total Stockholder Equity

Long Term Investments vs Total Stockholder Equity Correlation Analysis

Correlation Coefficient

Long Term Investments

Total Stockholder Equity

Northern Technologies fundamental ratios Correlations

Northern Technologies Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Technologies fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Current Liabilities
Retained Earnings	+ 1.0	Total Stockholder Equity
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Other Stockholder Equity	+ 0.99	Total Assets

Other Current Assets	- 0.98	Other Current Liab
Total Liab	- 0.78	Other Current Liab
Total Current Liabilities	- 0.77	Other Current Liab
Property Plant And Equipment Gross	- 0.75	Other Current Liab
Net Receivables	- 0.74	Other Current Liab
Property Plant And Equipment Net	- 0.74	Other Current Liab