Northern Technologies International Corporation

Northern Technologies International Corporationverified

NTIC

Price:

$15.79

Market Cap:

$148.86M

Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and corrosion inhibiting products, such as plastic and paper packaging, liquids, coatings, rust removers, cleaners, diffusers, and engineered solutions designed for the oil and gas industry under the ZERUST brand. The company also provides a portfolio of bio-based and certified compostable polymer resin compounds and finished products under the Natur-Tec brand. In addition, it offers on-site and technical consulting for rust and corrosion prevention issues. The company sells ...[Read more]

Industry

Chemicals - Specialty

IPO Date

1992-03-27

Stock Exchange

NASDAQ

Ticker

NTIC

The Current Ratio as of July 2024 (TTM) for Northern Technologies International Corporation (NTIC) is 2.79

According to Northern Technologies International Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 2.79. This represents a change of 10.60% compared to the average of 2.53 of the last 4 quarters.

Northern Technologies International Corporation (NTIC) Historical Current Ratio (quarterly & annually)

How has NTIC Current Ratio performed in the past?

The mean historical Current Ratio of Northern Technologies International Corporation over the last ten years is 4.32. The current 2.79 Current Ratio has changed 6.38% with respect to the historical average. Over the past ten years (40 quarters), NTIC's Current Ratio was at its highest in in the February 2015 quarter at 8.02. The Current Ratio was at its lowest in in the August 2022 quarter at 2.36.

Quarterly (TTM)
Annual

Average

4.32

Median

4.62

Minimum

2.36

Maximum

5.45

Northern Technologies International Corporation (NTIC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Northern Technologies International Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 28.22%

Maximum Annual Current Ratio = 5.45

Minimum Annual Increase = -40.50%

Minimum Annual Current Ratio = 2.36

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.370.63%
20222.36-40.50%
20213.96-27.23%
20205.4528.22%
20194.257.40%
20183.95-25.75%
20175.331.57%
20165.24-0.12%
20155.255.05%
20145.008.07%

Northern Technologies International Corporation (NTIC) Average Current Ratio

How has NTIC Current Ratio performed in the past?

The current Current Ratio of Northern Technologies International Corporation (NTIC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.90

5-year avg

3.68

10-year avg

4.32

Northern Technologies International Corporation (NTIC) Current Ratio vs. Peers

How is NTIC’s Current Ratio compared to its peers?

Northern Technologies International Corporation’s Current Ratio is greater than Innospec Inc. (2.50), greater than H.B. Fuller Company (1.89), greater than Quaker Chemical Corporation (2.66), greater than Minerals Technologies Inc. (2.49), less than Oil-Dri Corporation of America (3.06), less than Sensient Technologies Corporation (4.31), greater than Ecovyst Inc. (2.50), less than Element Solutions Inc (3.63),

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