Northern Technologies International (NTIC) Balance Sheet: Assets & Liabilities

Northern Technologies International (NTIC) Balance Sheet

As of Aug 31, 2025 (end of fiscal 2025), Northern Technologies International reported total assets of $102.75M and total liabilities of $26.03M. Shareholders' equity was $76.71M, up 2.0% from $75.18M a year earlier. Total debt stood at $9.80M against $7.25M in cash and short-term investments, a net debt position of $2.55M. That puts debt-to-equity at 0.13, compared with 0.06 a year earlier.

Northern Technologies International Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Northern Technologies International Corporation (NTIC) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Current Assets
Cash and Cash Equivalents	7.25	4.95	5.41	5.33	7.68	6.40	5.86	4.16	6.36
Short-Term Investments	0.00	0.00	0.00	0.01	0.00	5.54	3.57	3.30	3.77
Cash & Short-Term Investments	7.25	4.95	5.41	5.34	7.69	11.95	9.42	7.46	10.13
Accounts Receivable	18.44	19.19	15.83	16.60	11.75	9.50	12.33	12.31	8.04
Inventory	15.53	14.39	13.10	16.34	11.11	10.96	10.49	9.13	7.46
Other Current Assets	1.71	1.42	2.02	1.95	1.30	0.80	1.06	1.66	0.44
Total Current Assets	44.34	41.58	39.67	40.23	33.75	33.20	33.30	30.57	26.07
Non-Current Assets
Property, Plant & Equipment (Net)	15.68	16.69	14.49	12.73	12.20	7.77	7.36	7.17	7.36
Long-Term Investments	28.61	25.40	23.71	21.81	27.62	24.09	24.21	22.95	20.04
Goodwill	4.78	4.78	4.78	4.78	0.00	0.00	0.00	0.00	0.00
Intangible Assets	8.83	5.68	6.16	6.63	0.71	0.80	1.01	1.16	1.32
Other Non-Current Assets	0.50	0.54	0.00	0.00	0.09	0.00	0.00	0.15	0.07
Total Non-Current Assets	58.40	53.10	49.67	45.96	40.62	32.87	34.21	32.98	30.55
Total Assets	102.75	94.68	89.34	86.19	74.37	66.07	67.51	63.55	56.61
Current Liabilities
Accounts Payable	8.04	6.39	6.06	7.80	4.29	3.21	4.51	3.91	2.68
Short-Term Debt	9.33	4.29	6.36	6.27	0.27	0.39	0.00	0.00	0.00
Current Portion of Long-Term Debt	2.86	2.42	-	-	-	-	-	-	-
Accrued Liabilities	2.91	3.74	3.47	2.96	3.77	-	-	-	-
Other Current Liabilities	0.41	0.33	3.95	2.96	0.18	2.20	3.33	3.75	2.08
Total Current Liabilities	23.90	17.80	16.72	17.07	8.52	6.10	7.84	7.73	4.89
Non-Current Liabilities
Long-Term Debt	0.47	0.10	0.09	0.18	0.10	0.27	0.00	0.00	0.00
Deferred Tax Liabilities	1.51	1.50	1.84	1.70	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	1.51	1.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	2.13	1.60	1.92	1.88	0.10	0.27	0.00	0.00	0.00
Total Liabilities	26.03	19.50	18.65	18.95	8.62	6.37	7.84	7.73	4.89
Stockholders' Equity
Common Stock	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.09	0.09
Retained Earnings	52.27	53.77	51.00	50.72	46.97	42.47	44.99	41.96	37.08
Accumulated Other Comprehensive Income	-5.37	-6.38	-6.82	-7.25	-3.53	-3.41	-4.59	-3.60	-2.47
Additional Paid-in Capital	25.06	23.62	21.99	19.94	18.74	17.42	16.01	14.62	14.16
Minority Interest	4.56	3.98	4.34	3.65	3.38	3.05	3.07	2.74	2.86
Shares Outstanding	9.48	9.47	9.42	9.23	-	-	-	-	-
Total Stockholders' Equity	76.71	75.18	66.36	63.60	65.75	56.66	56.59	53.08	48.86
Total Liabilities & Equity	102.75	94.68	89.34	86.19	74.37	66.07	67.51	63.55	56.61

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About Northern Technologies International Balance Sheet

How much debt does Northern Technologies International have?

Northern Technologies International had total debt of $9.80M as of Aug 31, 2025, against $7.25M in cash and short-term investments. Its debt-to-equity ratio was 0.13. Total debt was $4.39M a year earlier.

What are Northern Technologies International's total assets?

Northern Technologies International reported total assets of $102.75M as of Aug 31, 2025, up 8.5% from $94.68M a year earlier. Total liabilities were $26.03M.

What is Northern Technologies International's shareholders' equity?

Northern Technologies International's shareholders' equity was $76.71M as of Aug 31, 2025, or about $8.10 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition