Northern Technologies
Northern Technologies International Corporation, together with its subsidiaries, develops and markets rust and corrosion inhibiting products in China, Brazil, India, the United States, and internationally. It operates through ZERUST and Natur-Tec segments. The company offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, di… Read more
Northern Technologies (NTIC) - Net Assets
Latest net assets as of November 2025: $76.68 Million USD
Based on the latest financial reports, Northern Technologies (NTIC) has net assets worth $76.68 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($104.03 Million) and total liabilities ($27.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $76.68 Million |
| % of Total Assets | 73.71% |
| Annual Growth Rate | 10.87% |
| 5-Year Change | 16.67% |
| 10-Year Change | 62.96% |
| Growth Volatility | 12.56 |
Northern Technologies - Net Assets Trend (1991–2025)
This chart illustrates how Northern Technologies's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Northern Technologies (1991–2025)
The table below shows the annual net assets of Northern Technologies from 1991 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $76.71 Million | +2.05% |
| 2024-08-31 | $75.18 Million | +6.33% |
| 2023-08-31 | $70.70 Million | +5.14% |
| 2022-08-31 | $67.24 Million | +2.27% |
| 2021-08-31 | $65.75 Million | +10.13% |
| 2020-08-31 | $59.70 Million | +0.06% |
| 2019-08-31 | $59.67 Million | +6.90% |
| 2018-08-31 | $55.82 Million | +7.93% |
| 2017-08-31 | $51.72 Million | +9.86% |
| 2016-08-31 | $47.08 Million | -1.71% |
| 2015-08-31 | $47.89 Million | -3.42% |
| 2014-08-31 | $49.59 Million | +11.35% |
| 2013-08-31 | $44.53 Million | +20.54% |
| 2012-08-31 | $36.94 Million | +6.70% |
| 2011-08-31 | $34.63 Million | +24.27% |
| 2010-08-31 | $27.86 Million | +22.52% |
| 2009-08-31 | $22.74 Million | -13.05% |
| 2008-08-31 | $26.15 Million | +16.56% |
| 2007-08-31 | $22.44 Million | +24.37% |
| 2006-08-31 | $18.04 Million | +13.53% |
| 2005-08-31 | $15.89 Million | +7.94% |
| 2004-08-31 | $14.72 Million | +8.43% |
| 2003-08-31 | $13.58 Million | +3.06% |
| 2002-08-31 | $13.17 Million | +11.03% |
| 2001-08-31 | $11.87 Million | -2.00% |
| 2000-08-31 | $12.11 Million | +13.16% |
| 1999-08-31 | $10.70 Million | +20.22% |
| 1998-08-31 | $8.90 Million | -11.88% |
| 1997-08-31 | $10.10 Million | +21.69% |
| 1996-08-31 | $8.30 Million | +33.87% |
| 1995-08-31 | $6.20 Million | +26.53% |
| 1994-08-31 | $4.90 Million | +11.36% |
| 1993-08-31 | $4.40 Million | +29.41% |
| 1992-08-31 | $3.40 Million | +47.83% |
| 1991-08-31 | $2.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Northern Technologies's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5437346900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $52.27 Million | 72.45% |
| Common Stock | $189.51K | 0.26% |
| Other Comprehensive Income | $-5.37 Million | -7.44% |
| Other Components | $25.06 Million | 34.73% |
| Total Equity | $72.15 Million | 100.00% |
Northern Technologies Competitors by Market Cap
The table below lists competitors of Northern Technologies ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BCnC Co. Ltd.
KQ:146320
|
$62.58 Million |
|
Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S.
IS:FORTE
|
$62.60 Million |
|
Casa de Bolsa Finamex S.A.B. de C.V
MX:FINAMEXO
|
$62.64 Million |
|
Advero Properties SOCIMI S.A.
MC:YADV
|
$62.64 Million |
|
Tumosan Motor ve Traktor Sanayi AS
IS:TMSN
|
$62.58 Million |
|
One Point One Solutions Limited
NSE:ONEPOINT
|
$62.58 Million |
|
Encounter Resources Ltd
AU:ENR
|
$62.55 Million |
|
AMPACS Corp.
TW:6743
|
$62.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northern Technologies's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 71,193,991 to 72,148,754, a change of 954,763 (1.3%).
- Net income of 17,619 contributed positively to equity growth.
- Dividend payments of 1,515,361 reduced retained earnings.
- Other comprehensive income increased equity by 1,010,923.
- Other factors increased equity by 1,441,582.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $17.62K | +0.02% |
| Dividends Paid | $1.52 Million | -2.1% |
| Other Comprehensive Income | $1.01 Million | +1.4% |
| Other Changes | $1.44 Million | +2.0% |
| Total Change | $- | 1.34% |
Book Value vs Market Value Analysis
This analysis compares Northern Technologies's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 30.17x to 1.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-08-31 | $0.27 | $8.24 | x |
| 1992-08-31 | $0.42 | $8.24 | x |
| 1993-08-31 | $0.53 | $8.24 | x |
| 1994-08-31 | $0.57 | $8.24 | x |
| 1995-08-31 | $0.72 | $8.24 | x |
| 1996-08-31 | $0.95 | $8.24 | x |
| 1997-08-31 | $1.18 | $8.24 | x |
| 1998-08-31 | $1.07 | $8.24 | x |
| 1999-08-31 | $1.35 | $8.24 | x |
| 2000-08-31 | $1.56 | $8.24 | x |
| 2001-08-31 | $1.58 | $8.24 | x |
| 2002-08-31 | $1.80 | $8.24 | x |
| 2003-08-31 | $1.87 | $8.24 | x |
| 2004-08-31 | $2.04 | $8.24 | x |
| 2005-08-31 | $2.20 | $8.24 | x |
| 2006-08-31 | $2.48 | $8.24 | x |
| 2007-08-31 | $3.03 | $8.24 | x |
| 2008-08-31 | $3.48 | $8.24 | x |
| 2009-08-31 | $3.03 | $8.24 | x |
| 2010-08-31 | $3.26 | $8.24 | x |
| 2011-08-31 | $3.92 | $8.24 | x |
| 2012-08-31 | $4.13 | $8.24 | x |
| 2013-08-31 | $4.55 | $8.24 | x |
| 2014-08-31 | $5.00 | $8.24 | x |
| 2015-08-31 | $4.83 | $8.24 | x |
| 2016-08-31 | $4.91 | $8.24 | x |
| 2017-08-31 | $5.34 | $8.24 | x |
| 2018-08-31 | $5.66 | $8.24 | x |
| 2019-08-31 | $6.01 | $8.24 | x |
| 2020-08-31 | $6.23 | $8.24 | x |
| 2021-08-31 | $6.32 | $8.24 | x |
| 2022-08-31 | $6.60 | $8.24 | x |
| 2023-08-31 | $6.85 | $8.24 | x |
| 2024-08-31 | $7.24 | $8.24 | x |
| 2025-08-31 | $7.48 | $8.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northern Technologies utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.02%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.42x
- Recent ROE (0.02%) is below the historical average (12.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 34.78% | 23.53% | 1.21x | 1.22x | $570.00K |
| 1992 | 32.35% | 28.95% | 1.03x | 1.09x | $760.00K |
| 1993 | 27.27% | 30.00% | 0.87x | 1.05x | $760.00K |
| 1994 | 26.53% | 26.53% | 0.91x | 1.10x | $810.00K |
| 1995 | 29.03% | 29.03% | 0.91x | 1.10x | $1.18 Million |
| 1996 | 25.30% | 30.43% | 0.74x | 1.12x | $1.27 Million |
| 1997 | 25.74% | 29.89% | 0.78x | 1.11x | $1.59 Million |
| 1998 | 29.21% | 25.74% | 1.09x | 1.04x | $1.71 Million |
| 1999 | 23.36% | 25.25% | 0.86x | 1.07x | $1.43 Million |
| 2000 | 21.73% | 23.85% | 0.84x | 1.08x | $1.42 Million |
| 2001 | 9.71% | 12.43% | 0.75x | 1.05x | $-34.06K |
| 2002 | 9.31% | 16.16% | 0.54x | 1.06x | $-90.25K |
| 2003 | 3.74% | 6.08% | 0.57x | 1.09x | $-850.04K |
| 2004 | 7.04% | 9.49% | 0.65x | 1.13x | $-435.89K |
| 2005 | 7.54% | 8.05% | 0.77x | 1.22x | $-389.01K |
| 2006 | 9.56% | 10.35% | 0.71x | 1.29x | $-79.51K |
| 2007 | 14.39% | 19.15% | 0.64x | 1.17x | $983.20K |
| 2008 | 9.77% | 20.12% | 0.41x | 1.20x | $-61.15K |
| 2009 | -14.71% | -39.01% | 0.32x | 1.16x | $-5.62 Million |
| 2010 | 9.45% | 18.30% | 0.46x | 1.12x | $-152.13K |
| 2011 | 11.29% | 19.97% | 0.49x | 1.16x | $446.76K |
| 2012 | 9.38% | 15.14% | 0.54x | 1.14x | $-227.47K |
| 2013 | 8.27% | 14.96% | 0.46x | 1.20x | $-706.47K |
| 2014 | 8.97% | 15.31% | 0.50x | 1.18x | $-469.01K |
| 2015 | 3.99% | 5.90% | 0.59x | 1.15x | $-2.70 Million |
| 2016 | -1.95% | -2.63% | 0.64x | 1.15x | $-5.32 Million |
| 2017 | 7.00% | 8.65% | 0.70x | 1.16x | $-1.46 Million |
| 2018 | 12.63% | 13.03% | 0.81x | 1.20x | $1.39 Million |
| 2019 | 9.21% | 9.34% | 0.83x | 1.19x | $-449.84K |
| 2020 | -2.36% | -2.81% | 0.72x | 1.17x | $-7.00 Million |
| 2021 | 10.07% | 11.12% | 0.76x | 1.19x | $44.44K |
| 2022 | 9.95% | 8.53% | 0.86x | 1.36x | $-34.83K |
| 2023 | 4.39% | 3.64% | 0.89x | 1.35x | $-3.72 Million |
| 2024 | 7.60% | 6.36% | 0.90x | 1.33x | $-1.71 Million |
| 2025 | 0.02% | 0.02% | 0.82x | 1.42x | $-7.20 Million |
Industry Comparison
This section compares Northern Technologies's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northern Technologies (NTIC) | $76.68 Million | 34.78% | 0.36x | $62.58 Million |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |