Northern Technologies International Corporation (NTIC) financial statements (2022 and earlier)

Company profile

Business Address 4201 WOODLAND ROAD
CIRCLE PINES, MN 55014
State of Incorp. DE
Fiscal Year End August 31
SIC 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8,0527,6856,4035,8574,16310,1275,639
Cash and cash equivalents8,0487,6816,4035,8574,1636,3603,395
Short-term investments55   3,7672,244
Receivables5005(70)39222397176
Inventory, net of allowances, customer advances and progress billings11,44011,11410,96210,4899,1317,4577,711
Inventory11,44011,11410,96210,4899,1317,4577,711
Prepaid expense2,1741,3027971,0631,662439422
Other undisclosed current assets15,09913,64115,11015,50215,3897,9476,994
Total current assets:37,26533,74733,20233,30230,56826,06820,942
Noncurrent Assets
Operating lease, right-of-use asset656376  
Property, plant and equipment12,19511,8217,1117,358   
Long-term investments and receivables21,35827,62424,09124,20722,95120,03519,841
Long-term investments21,35827,62424,09124,20722,95120,03519,841
Intangible assets, net (including goodwill)11,0617108021,0091,1561,3221,279
Goodwill4,782      
Intangible assets, net (excluding goodwill)6,2797108021,0091,1561,3221,279
Deferred income tax assets 93210 
Other noncurrent assets  659 1547293
Other undisclosed noncurrent assets710  1,6341,5521,7571,640
Total noncurrent assets:45,98040,62432,87234,20925,81323,18522,852
Other undisclosed assets    7,1697,3607,276
TOTAL ASSETS:83,24574,37166,07467,51163,54956,61351,070
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,5758,2445,7117,8427,7304,8953,994
Accounts payable5,4664,2913,2054,5063,9052,6772,754
Accrued liabilities1,4088948801,4721,007678302
Employee-related liabilities1,6042,8791,3151,8582,7471,540938
Taxes payable97179311771  
Debt2,500      
Other undisclosed current liabilities315272386    
Total current liabilities:11,3908,5166,0987,8427,7304,8953,994
Noncurrent Liabilities
Long-term debt and lease obligation341104272    
Operating lease, liability341104272 
Liabilities, other than long-term debt1,883      
Deferred income tax liabilities1,883   
Other undisclosed noncurrent liabilities (104)(272)    
Total noncurrent liabilities:2,224104272    
Total liabilities:13,6148,6206,3707,8427,7304,8953,994
Stockholders' equity
Stockholders' equity attributable to parent66,29262,36856,65956,59553,07748,86144,535
Common stock184184182182919191
Additional paid in capital19,14718,73617,41516,01314,62014,16413,799
Accumulated other comprehensive loss(3,862)(3,525)(3,410)(4,593)(3,597)(2,471)(3,010)
Retained earnings50,82446,97342,47344,99341,96337,07733,655
Stockholders' equity attributable to noncontrolling interest3,3393,3833,0453,0752,7422,8572,541
Total stockholders' equity:69,63165,75159,70459,66955,81951,71847,076
TOTAL LIABILITIES AND EQUITY:83,24574,37166,07467,51163,54956,61351,070

Income statement (P&L) ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues61,90856,49447,63955,75051,42539,56932,934
Revenue, net39,56932,934
Other operating income7,006 8,88312,95313,670  
Cost of revenue
(Cost of Goods and Services Sold)
(41,098)(36,921)(31,609)(37,970)(34,165)(26,317)(22,320)
Gross profit:20,81019,57316,02917,78017,25913,25310,613
Operating expenses(25,838)(24,680)(23,324)(24,140)(22,911)(20,003)(19,212)
Other undisclosed operating income12,90113,4298,88312,95313,67011,3529,882
Operating income:7,8738,3231,5886,5938,0174,6011,283
Nonoperating income (expense)
(Investment Income, Nonoperating)
101152168789944(1,842)
Interest and debt expense(8)(16)(16)(14)(18)(20)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes(16)      
Income (loss) from continuing operations before equity method investments, income taxes:7,9508,4591,7406,6578,0994,624(572)
Income from equity method investments7,0147,4654,270    
Income (loss) from continuing operations before income taxes:14,96415,9246,0106,6578,0994,624(572)
Income tax expense(1,588)(1,462)(2,675)(842)(876)(700)(626)
Income (loss) before gain (loss) on sale of properties:13,37614,4623,3365,8167,2233,925(1,198)
Other undisclosed net loss(3,063)(7,465)(4,270)    
Net income (loss):10,3136,997(935)5,8167,2233,925(1,198)
Net income (loss) attributable to noncontrolling interest(801)(715)(403)(606)(521)(502)331
Net income (loss) available to common stockholders, diluted:9,5136,281(1,338)5,2106,7013,422(868)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net income (loss):10,3136,997(935)5,8167,2233,925(1,198)
Other comprehensive income (loss)(800)(93)1,150(1,004)   
Other undisclosed comprehensive income (loss)    (1,163)553223
Comprehensive income (loss):9,5136,9042154,8126,0604,477(975)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(371)(738)(370)(598)(485)(516)279
Comprehensive income (loss), net of tax, attributable to parent:9,1426,167(155)4,2145,5753,961(696)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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