Northern Technologies International (NTIC) Debt Metrics
Market Cap: $103.32M
Avg Volume: 18.97K
Industry: Chemicals - Specialty
Sector: Basic Materials
How much debt does Northern Technologies International have?
According to Northern Technologies International's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Northern Technologies International's total debt stands at $7.54M. This is broken down into:
- Long-term debt: $99.44K
- Short-term debt: $7.44M
The company's net debt, which accounts for cash and cash equivalents, is $2.58M. In terms of overall financial obligations, Northern Technologies International's total liabilities amount to $19.50M.
Debt Ratios and Metrics
To better understand Northern Technologies International's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.11 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 7.96% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 23.13 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 0.00% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 9.57% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Northern Technologies International's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$7.54M
Long-term Debt
$99.44K
Short-term Debt
$7.44M
Net Debt
$2.58M
Total Liabilities
$19.50M
Interest Coverage
23.13
Debt to Equity Ratio
0.11
Debt Ratio
7.96%
Northern Technologies International Historical Debt Metrics
Northern Technologies International Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $7.54M | $99.44K | $7.44M | $2.58M | $19.50M | 0.11 | 7.96% | 23.13 | 0.00% | 9.57% |
| 2023 | $6.79M | $88.08K | $6.70M | $1.38M | $18.65M | 0.10 | 7.60% | 13.04 | 0.00% | 9.28% |
| 2022 | $6.46M | $184.24K | $6.27M | $1.12M | $18.95M | 0.10 | 7.49% | 40.73 | 0.00% | 9.22% |
| 2021 | $376.44K | $104.10K | $272.34K | $-7.30M | $8.62M | 0.01 | 0.51% | 517.40 | 0.00% | 0.60% |
| 2020 | $658.79K | $272.44K | $386.35K | $-5.74M | $6.37M | 0.01 | 1.00% | 42.89 | 0.00% | 1.15% |
| 2019 | $- | $- | $- | $-5.86M | $7.84M | 0.00 | 0.00% | 485.94 | 0.00% | 0.00% |
| 2018 | $- | $- | $- | $-4.16M | $7.73M | 0.00 | 0.00% | 446.36 | 0.00% | 0.00% |
| 2017 | $- | $- | $- | $-6.36M | $4.89M | 0.00 | 0.00% | 225.74 | 0.00% | 0.00% |
| 2016 | $- | $- | $- | $-3.40M | $3.99M | 0.00 | 0.00% | 96.72 | 0.00% | 0.00% |
| 2015 | $- | $- | $- | $-2.62M | $3.67M | 0.00 | 0.00% | 150.36 | 0.00% | 0.00% |
Related Metrics
Explore detailed financial metrics and analysis for NTIC.