Northern Technologies International Corporation (NTIC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 45.22M | 44.62M | 44.34M | 42.6M | 39.62M | 40.3M | 41.58M | 37.9M | 37.33M | 38.27M | 39.67M | 38.15M | 39.6M | 39.89M | 40.23M | 38.97M | 38.6M | 37.27M | 33.75M | 37.23M |
| Cash & Short-Term Investments | 6.47M | 6.39M | 7.25M | 6.77M | 5.09M | 5.57M | 4.95M | 5.79M | 4.84M | 6.09M | 5.41M | 6.2M | 5.45M | 6.07M | 5.34M | 6.13M | 7.49M | 8.05M | 7.69M | 11.01M |
| Cash Only | 6.47M | 6.39M | 7.25M | 6.77M | 5.09M | 5.57M | 4.95M | 5.79M | 4.84M | 6.09M | 5.41M | 6.2M | 5.45M | 6.07M | 5.33M | 6.12M | 7.49M | 8.05M | 7.68M | 5.88M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.59K | 5.59K | 5.57K | 4.63K | 4.63K | 4.63K | 5.13M |
| Accounts Receivable | 19.64M | 19.83M | 19.86M | 18.72M | 17.29M | 17.94M | 20.81M | 16.7M | 17.43M | 16.56M | 19.15M | 16.22M | 17.14M | 16.34M | 16.6M | 16.35M | 15.01M | 15.6M | 13.65M | 13.88M |
| Days Sales Outstanding | 80.73 | 77.47 | 79.52 | 77 | 83.12 | 82.64 | 73.9 | 75.88 | 74.2 | 80.51 | 78.57 | 73.18 | 82.46 | 75.12 | 74.85 | 76.08 | 82.25 | 73.14 | 81.62 | 78.23 |
| Inventory | 16.51M | 16.11M | 15.53M | 14.92M | 14.99M | 14.34M | 14.39M | 13.24M | 12.54M | 12.59M | 13.1M | 13.9M | 15.18M | 15.24M | 16.34M | 13.87M | 12.98M | 11.44M | 11.11M | 11.31M |
| Days Inventory Outstanding | 103.8 | 96.43 | 101.08 | 103.84 | 107.48 | 99.21 | 96.82 | 92.7 | 91.45 | 90.98 | 93.02 | 99.91 | 114.37 | 105.65 | 98.46 | 97.06 | 93.4 | 82.16 | 103.93 | 102.02 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 59.68M | 59.4M | 58.4M | 56.7M | 54.07M | 53.74M | 53.1M | 51.36M | 49.97M | 50.53M | 49.67M | 48.02M | 46.53M | 44.23M | 45.96M | 46.22M | 46.35M | 45.98M | 40.62M | 35.57M |
| Property, Plant & Equipment | 16.32M | 16.3M | 15.68M | 15.82M | 15.11M | 17.38M | 16.69M | 15.99M | 15.3M | 14.58M | 14.49M | 14.1M | 13.82M | 12.59M | 12.73M | 12.49M | 12.87M | 12.85M | 12.2M | 7.66M |
| Fixed Asset Turnover | 1.35x | 1.46x | 1.42x | 1.39x | 1.17x | 1.25x | 1.43x | 1.32x | 1.39x | 1.39x | 1.45x | 1.50x | 1.38x | 1.58x | 1.61x | 1.50x | 1.30x | 1.45x | 1.56x | 2.00x |
| Goodwill | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 4.78M | 0 | 0 |
| Intangible Assets | 8.4M | 8.59M | 8.83M | 8.46M | 8.67M | 5.57M | 5.68M | 5.8M | 5.93M | 6.04M | 6.16M | 6.28M | 6.41M | 6.53M | 6.63M | 6.75M | 6.85M | 6.99M | 709.57K | 746.3K |
| Long-Term Investments | 29.75M | 29.28M | 28.61M | 27.14M | 25.04M | 25.49M | 25.4M | 24.22M | 23.46M | 24.6M | 23.71M | 22.86M | 21.52M | 20.33M | 21.81M | 22.19M | 21.85M | 21.36M | 27.62M | 26.94M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 | -1 | -1 | -1 | -1 | 0 | -1 |
| Total Assets | 104.9M | 104.03M | 102.75M | 99.3M | 93.7M | 94.04M | 94.68M | 89.27M | 87.31M | 88.8M | 89.34M | 86.17M | 86.14M | 84.12M | 86.19M | 85.19M | 84.95M | 83.24M | 74.37M | 72.8M |
| Asset Turnover | 0.21x | 0.23x | 0.22x | 0.22x | 0.20x | 0.23x | 0.25x | 0.23x | 0.24x | 0.23x | 0.24x | 0.24x | 0.21x | 0.23x | 0.24x | 0.22x | 0.20x | 0.23x | 0.21x | 0.21x |
| Asset Growth % | 11.96% | 10.63% | 8.52% | 11.24% | 7.32% | 5.9% | 5.97% | 3.59% | 1.36% | 5.56% | 3.65% | 1.16% | 1.4% | 1.05% | 15.9% | 17.01% | 19.45% | 20.29% | 12.56% | 12.81% |
| Total Current Liabilities | 25.02M | 25.18M | 23.9M | 20.94M | 18.21M | 18.12M | 17.9M | 14.79M | 13.36M | 15.85M | 16.72M | 15.35M | 16.08M | 14.48M | 17.07M | 14.24M | 13.27M | 11.39M | 8.52M | 7.55M |
| Accounts Payable | 8.27M | 9.67M | 8.04M | 7.23M | 7.26M | 6.56M | 6.39M | 6.27M | 6.49M | 6.35M | 6.06M | 4.69M | 6.31M | 6.03M | 7.8M | 6M | 5.95M | 5.47M | 4.29M | 4.1M |
| Days Payables Outstanding | 57.08 | 53.99 | 50.71 | 50.29 | 50.64 | 44.73 | 44.38 | 45.88 | 46.73 | 43.95 | 37.02 | 37.77 | 46.4 | 46.27 | 44.99 | 43.22 | 43.66 | 35.54 | 38.92 | 38.51 |
| Short-Term Debt | 14.26M | 12.02M | 12.53M | 10.23M | 8.26M | 7.5M | 7.44M | 5M | 4.15M | 6.04M | 6.7M | 8.09M | 7.27M | 5.77M | 6.27M | 4.77M | 4.38M | 2.81M | 272.34K | 113.69K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 721.89K | 1.07M | 1.19M | 686.81K | 1.09M | 574.88K | 1.29M | 1.28M | 1.83M | 1.65M | 734.41K | 1.29M | 1.07M | 667.29K | 1.33M | 1.09M | 1.41M | 894.5K | 873.28K |
| Current Ratio | 1.81x | 1.77x | 1.86x | 2.03x | 2.18x | 2.22x | 2.32x | 2.56x | 2.79x | 2.41x | 2.37x | 2.49x | 2.46x | 2.75x | 2.36x | 2.74x | 2.91x | 3.27x | 3.96x | 4.93x |
| Quick Ratio | 1.15x | 1.13x | 1.21x | 1.32x | 1.35x | 1.43x | 1.52x | 1.67x | 1.86x | 1.62x | 1.59x | 1.58x | 1.52x | 1.70x | 1.40x | 1.76x | 1.93x | 2.27x | 2.66x | 3.43x |
| Cash Conversion Cycle | 127.45 | 119.92 | 129.89 | 130.55 | 139.96 | 137.12 | 126.33 | 122.7 | 118.92 | 127.53 | 134.57 | 135.31 | 150.43 | 134.5 | 128.33 | 129.92 | 131.99 | 119.75 | 146.64 | 141.74 |
| Total Non-Current Liabilities | 2.16M | 2.17M | 2.13M | 1.79M | 1.64M | 1.61M | 1.6M | 1.9M | 2M | 1.93M | 1.92M | 1.83M | 1.82M | 1.77M | 1.88M | 2.27M | 2.24M | 2.22M | 104.1K | 373.17K |
| Long-Term Debt | 421.84K | 445.77K | 466.98K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 220.75K | 210.09K | 148.31K | 283.42K | 136.35K | 106.89K | 99.44K | 61.58K | 165.33K | 95.58K | 88.08K | 212.95K | 200.86K | 123.42K | 184.24K | 347.27K | 344.44K | 340.9K | 104.1K | 373.17K |
| Deferred Tax Liabilities | 1.51M | 1.51M | 1.51M | 1.5M | 1.5M | 1.5M | 1.5M | 1.84M | 1.84M | 1.84M | 1.84M | 1.62M | 1.62M | 1.64M | 1.7M | 1.92M | 1.9M | 1.88M | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | -1 |
| Total Liabilities | 27.17M | 27.35M | 26.03M | 22.73M | 19.85M | 19.73M | 19.5M | 16.69M | 15.36M | 17.79M | 18.65M | 17.18M | 17.9M | 16.25M | 18.95M | 16.51M | 15.51M | 13.61M | 8.62M | 7.93M |
| Total Debt | 15.08M | 12.96M | 13.15M | 10.51M | 8.4M | 7.6M | 7.54M | 5.06M | 4.31M | 6.14M | 6.79M | 8.31M | 7.47M | 5.89M | 6.46M | 5.12M | 4.73M | 3.16M | 376.44K | 486.85K |
| Net Debt | 8.61M | 6.57M | 5.9M | 3.74M | 3.31M | 2.03M | 2.58M | -735.53K | -523.53K | 44.12K | 1.38M | 2.11M | 2.02M | -175.4K | 1.12M | -1M | -2.76M | -4.89M | -7.3M | -5.39M |
| Debt / Equity | 0.19x | 0.17x | 0.17x | 0.14x | 0.11x | 0.10x | 0.10x | 0.07x | 0.06x | 0.09x | 0.10x | 0.12x | 0.11x | 0.09x | 0.10x | 0.07x | 0.07x | 0.05x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | 2.36x | 2.58x | 1.63x | 3.35x | 3.47x | 3.56x | 6.30x | 4.75x | 3.25x | 2.25x | 5.52x | 1.97x | 0.15x | 0.17x |
| Net Debt / EBITDA | - | - | - | - | - | - | 0.81x | -0.38x | -0.20x | 0.02x | 0.71x | 0.91x | 1.70x | -0.14x | 0.57x | -0.44x | -3.22x | -3.05x | -2.88x | -1.89x |
| Interest Coverage | 2.28x | 4.86x | 3.23x | 5.58x | 7.31x | 9.42x | 30.47x | 25.82x | 28.75x | 12.80x | 12.93x | 14.07x | 7.10x | 9.15x | 29.55x | 77.32x | 61.47x | 1808.75x | 2318.85x | 850.67x |
| Total Equity | 77.72M | 76.68M | 76.71M | 76.58M | 73.85M | 74.31M | 75.18M | 72.57M | 71.95M | 71.02M | 70.7M | 68.99M | 68.23M | 67.87M | 67.24M | 68.68M | 69.44M | 69.63M | 65.75M | 64.87M |
| Equity Growth % | 5.25% | 3.19% | 2.05% | 5.52% | 2.64% | 4.63% | 6.33% | 5.19% | 5.44% | 4.63% | 5.14% | 0.46% | -1.73% | -2.52% | 2.27% | 5.86% | 10.75% | 12.99% | 10.13% | 8.58% |
| Book Value per Share | 8.19 | 8.08 | 8.08 | 8.03 | 7.57 | 7.62 | 7.61 | 7.25 | 7.40 | 7.32 | 7.30 | 7.17 | 7.00 | 6.98 | 7.07 | 7.17 | 7.17 | 7.12 | 6.69 | 6.51 |
| Total Shareholders' Equity | 73.29M | 72.36M | 72.15M | 72.36M | 69.75M | 70.21M | 71.19M | 68.85M | 68.35M | 67.29M | 66.36M | 65.46M | 64.79M | 64.17M | 63.6M | 65.22M | 66.07M | 66.29M | 62.37M | 61.37M |
| Common Stock | 189.84K | 189.61K | 189.51K | 189.49K | 189.41K | 189.41K | 189.34K | 188.82K | 188.55K | 188.55K | 188.48K | 187.4K | 187.33K | 187.33K | 184.65K | 184.65K | 184.43K | 184.07K | 183.7K | 182.2K |
| Retained Earnings | 52.29M | 52.42M | 52.27M | 53.47M | 53.44M | 53.67M | 53.77M | 52.6M | 52.28M | 51.24M | 51M | 50.72M | 50.32M | 50.56M | 50.72M | 50.71M | 50.36M | 50.82M | 46.97M | 45.92M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -4.9M | -5.64M | -5.37M | -6.02M | -8.22M | -7.65M | -6.38M | -7.04M | -6.84M | -6.52M | -6.82M | -6.88M | -6.77M | -7.31M | -7.25M | -5.38M | -3.86M | -3.86M | -3.53M | -2.72M |
| Minority Interest | 4.44M | 4.31M | 4.56M | 4.22M | 4.1M | 4.09M | 3.98M | 3.72M | 3.6M | 3.73M | 4.34M | 3.53M | 3.44M | 3.71M | 3.65M | 3.45M | 3.37M | 3.34M | 3.38M | 3.5M |