Northern Technologies (NTIC) — Working Capital to Net Assets Ratio
Northern Technologies (NTIC) has a Working Capital to Net Assets ratio of 25.4% as of November 2025. Working capital of $19.44 Million (current assets of $44.62 Million minus current liabilities of $25.18 Million) is measured against net assets of $76.68 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Northern Technologies balance sheet quality to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Northern Technologies Working Capital to Net Assets (1991–2025)
This chart shows how Northern Technologies's Working Capital to Net Assets ratio has evolved across 35 annual periods from 1991 to 2025. As of November 2025, the ratio stands at 25.4%, reflecting working capital of $19.44 Million against net assets of $76.68 Million USD. Check tangible net worth ratio of Northern Technologies to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Northern Technologies (1991–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Northern Technologies from 1991 to 2025, covering 35 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Northern Technologies market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 26.6% | $20.44 Million | $76.71 Million | $44.34 Million | $23.90 Million | ▼ -4.9 pp |
| 2024 | 31.5% | $23.68 Million | $75.18 Million | $41.58 Million | $17.90 Million | ▼ -1.0 pp |
| 2023 | 32.5% | $22.95 Million | $70.70 Million | $39.67 Million | $16.72 Million | ▼ -2.0 pp |
| 2022 | 34.5% | $23.17 Million | $67.24 Million | $40.23 Million | $17.07 Million | ▼ -3.9 pp |
| 2021 | 38.4% | $25.23 Million | $65.75 Million | $33.75 Million | $8.52 Million | ▼ -7.0 pp |
| 2020 | 45.4% | $27.10 Million | $59.70 Million | $33.20 Million | $6.10 Million | ▲ +2.7 pp |
| 2019 | 42.7% | $25.46 Million | $59.67 Million | $33.30 Million | $7.84 Million | ▲ +1.8 pp |
| 2018 | 40.9% | $22.84 Million | $55.82 Million | $30.57 Million | $7.73 Million | ▼ 0.0 pp |
| 2017 | 40.9% | $21.17 Million | $51.72 Million | $26.07 Million | $4.89 Million | ▲ +4.9 pp |
| 2016 | 36.0% | $16.95 Million | $47.08 Million | $20.94 Million | $3.99 Million | ▲ +3.4 pp |
| 2015 | 32.6% | $15.60 Million | $47.89 Million | $19.28 Million | $3.67 Million | ▼ -3.4 pp |
| 2014 | 36.0% | $17.85 Million | $49.59 Million | $22.32 Million | $4.47 Million | ▲ +6.2 pp |
| 2013 | 29.8% | $13.27 Million | $44.53 Million | $16.93 Million | $3.66 Million | ▲ +2.6 pp |
| 2012 | 27.2% | $10.06 Million | $36.94 Million | $14.06 Million | $4.00 Million | ▲ +1.0 pp |
| 2011 | 26.2% | $9.09 Million | $34.63 Million | $13.49 Million | $4.40 Million | ▲ +5.0 pp |
| 2010 | 21.2% | $5.92 Million | $27.86 Million | $10.75 Million | $4.83 Million | ▲ +9.2 pp |
| 2009 | 12.0% | $2.73 Million | $22.74 Million | $6.47 Million | $3.74 Million | ▼ -6.9 pp |
| 2008 | 18.9% | $4.94 Million | $26.15 Million | $8.94 Million | $4.00 Million | ▲ +2.0 pp |
| 2007 | 16.9% | $3.79 Million | $22.44 Million | $6.44 Million | $2.65 Million | ▲ +4.6 pp |
| 2006 | 12.3% | $2.22 Million | $18.04 Million | $6.21 Million | $3.99 Million | ▼ -4.7 pp |
| 2005 | 17.0% | $2.70 Million | $15.89 Million | $6.10 Million | $3.41 Million | ▼ -6.7 pp |
| 2004 | 23.7% | $3.49 Million | $14.72 Million | $5.44 Million | $1.94 Million | ▼ -11.3 pp |
| 2003 | 35.1% | $4.76 Million | $13.58 Million | $5.90 Million | $1.14 Million | ▼ -12.6 pp |
| 2002 | 47.6% | $6.28 Million | $13.17 Million | $7.10 Million | $826.29K | ▲ +0.6 pp |
| 2001 | 47.0% | $5.58 Million | $11.87 Million | $6.10 Million | $517.78K | ▼ -3.2 pp |
| 2000 | 50.2% | $6.08 Million | $12.11 Million | $7.04 Million | $960.49K | ▼ -0.3 pp |
| 1999 | 50.5% | $5.40 Million | $10.70 Million | $6.10 Million | $700.00K | ▼ -1.2 pp |
| 1998 | 51.7% | $4.60 Million | $8.90 Million | $4.90 Million | $300.00K | ▼ -5.7 pp |
| 1997 | 57.4% | $5.80 Million | $10.10 Million | $6.80 Million | $1.00 Million | ▼ -6.4 pp |
| 1996 | 63.9% | $5.30 Million | $8.30 Million | $6.20 Million | $900.00K | ▼ -5.5 pp |
| 1995 | 69.4% | $4.30 Million | $6.20 Million | $4.80 Million | $500.00K | ▲ +2.0 pp |
| 1994 | 67.3% | $3.30 Million | $4.90 Million | $3.70 Million | $400.00K | ▼ -9.9 pp |
| 1993 | 77.3% | $3.40 Million | $4.40 Million | $3.60 Million | $200.00K | ▼ -2.1 pp |
| 1992 | 79.4% | $2.70 Million | $3.40 Million | $2.90 Million | $200.00K | ▼ -3.2 pp |
| 1991 | 82.6% | $1.90 Million | $2.30 Million | $2.20 Million | $300.00K | — |