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Northern Technologies International Corporation  (NTIC)
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Northern Technologies International's Leverage Ratio

NTIC's quarterly Leverage Ratio and Total Liabilities, Equity growth


Due to repayements of liabilities of -7.04% Northern Technologies International improved Leverage Ratio in first quarter 2023 to 0.28, above the Northern Technologies International's average Leverage Ratio.

Within Chemical Manufacturing industry Northern Technologies International Corporation achieved the lowest Leverage Ratio in the first quarter 2023. While Leverage Ratio total ranking has improved so far in the first quarter 2023 to 12, from total ranking in the forth quarter 2023 at 772 .

Explain Leverage Ratio?
Who are NTIC Customers?
What are NTIC´s Total Liabilities?


NTIC Leverage Ratio (Nov 30 2023)
I. Quarter
(Aug 31 2023)
IV. Quarter
(May 31 2023)
III. Quarter
(Feb 28 2023)
II. Quarter
(Nov 30 2022)
I. Quarter
Y / Y Equity Change 4.63 % 5.14 % 0.46 % -1.73 % -2.52 %
Y / Y Total Liabilities Change 7.64 % 1.69 % -5.4 % 3.37 % 7.3 %
Leverage Ratio MRQ 0.28 0.3 0.27 0.29 0.27
NTIC's Total Ranking # 12 # 772 # 658 # 15 # 19
Seq. Equity Change 0.45 % 2.48 % 1.11 % 0.53 % 0.94 %
Seq. Total Liabilities Change -7.04 % 11.54 % -3.27 % 7.32 % -12.19 %



Leverage Ratio first quarter 2023 Company Ranking
Within: No.
Chemical Manufacturing Industry # 1
Basic Materials Sector # 1
Overall Market # 12


Leverage Ratio Statistics
High Average Low
0.31 0.18 0.12
(Aug 31 2022)   (Feb 29 2016)




Financial Statements
Northern Technologies International's Equity $ 71 Millions Visit NTIC's Balance sheet
Northern Technologies International's Total Liabilities $ 20 Millions Visit NTIC's Balance sheet
Source of NTIC's Sales Visit NTIC's Sales by Geography


Cumulative Northern Technologies International's Leverage Ratio

NTIC's Leverage Ratio for the trailling 12 Months

NTIC Leverage Ratio

(Nov 30 2023)
I. Quarter
(Aug 31 2023)
IV. Quarter
(May 31 2023)
III. Quarter
(Feb 28 2023)
II. Quarter
(Nov 30 2022)
I. Quarter
Y / Y Equity TTM Growth 4.63 % 5.14 % 0.46 % -1.73 % -2.52 %
Y / Y Total Liabilities TTM Growth 7.64 % 1.69 % -5.4 % 3.37 % 7.3 %
Leverage Ratio TTM 0.28 0.28 0.28 0.29 0.28
Total Ranking TTM # 281 # 521 # 585 # 616 # 700
Seq. Equity TTM Growth 0.45 % 2.48 % 1.11 % 0.53 % 0.94 %
Seq. Total Liabilities TTM Growth -7.04 % 11.54 % -3.27 % 7.32 % -12.19 %


On the trailing twelve months basis Due to repayements of liabilities of -7.04% Northern Technologies International has not changed Leverage Ratio in the 12 months ending in I Quarter 2023 to 0.28, above the Northern Technologies International's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Chemical Manufacturing industry NTIC recorded the lowest Leverage Ratio. While Leverage Ratio total ranking has improved so far to 8, from total ranking in previous 12 month period at 21.

Explain Leverage Ratio?
Who are NTIC Customers?
What are NTIC´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Chemical Manufacturing Industry # 0
Basic Materials Sector # 0
Within the Market # 12


trailing twelve months Leverage Ratio Statistics
High Average Low
0.26 0.12 0.07
(May 31 2023)   (Sep. 30, 2015)




Companies with similar Leverage Ratio in the quarter ending Nov 30 2023, within Chemical Manufacturing Industry Leverage RatioNov 30 2023 MRQ Total LiabilitiesNov 30 2023 MRQ Equity
Luxfer Holdings Plc  0.70 $ 149.300  Millions$ 212.600  Millions
Csw Industrials Inc   0.69 $ 404.059  Millions$ 589.072  Millions
Hawkins Inc   0.64 $ 250.293  Millions$ 393.754  Millions
Corteva Inc   0.61 $ 15,409.000  Millions$ 25,279.000  Millions
Codexis inc   0.58 $ 49.946  Millions$ 86.615  Millions
Flotek Industries Inc  0.54 $ 55.553  Millions$ 101.960  Millions
Balchem Corp  0.52 $ 543.227  Millions$ 1,053.984  Millions
Cardinal Ethanol Llc  0.48 $ 82.599  Millions$ 170.782  Millions
Lake Area Corn Processors Llc  0.43 $ 57.991  Millions$ 135.393  Millions
Xpel Inc   0.40 $ 72.052  Millions$ 179.989  Millions
Comstock Inc   0.36 $ 28.189  Millions$ 78.277  Millions
Arq Inc   0.32 $ 57.102  Millions$ 178.400  Millions
Loop Industries Inc   0.31 $ 5.875  Millions$ 18.902  Millions
Northern Technologies International Corporation  0.28 $ 19.581  Millions$ 71.016  Millions
Futurefuel Corp   0.18 $ 57.201  Millions$ 309.880  Millions
Nl Industries inc   0.18 $ 70.092  Millions$ 391.762  Millions
Gevo inc   0.16 $ 91.447  Millions$ 557.389  Millions
Origin Materials Inc   0.09 $ 38.960  Millions$ 422.507  Millions

Date modified: 2024-01-12T16:13:59+00:00



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