Northern Interest Expense vs Gross Profit Analysis
NOG Stock | USD 42.97 0.14 0.32% |
Northern Oil financial indicator trend analysis is infinitely more than just investigating Northern Oil Gas recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Northern Oil Gas is a good investment. Please check the relationship between Northern Oil Interest Expense and its Gross Profit accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Interest Expense vs Gross Profit
Interest Expense vs Gross Profit Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Oil Gas Interest Expense account and Gross Profit. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northern Oil's Interest Expense and Gross Profit is 0.65. Overlapping area represents the amount of variation of Interest Expense that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Northern Oil Gas, assuming nothing else is changed. The correlation between historical values of Northern Oil's Interest Expense and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Expense of Northern Oil Gas are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Interest Expense i.e., Northern Oil's Interest Expense and Gross Profit go up and down completely randomly.
Correlation Coefficient | 0.65 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Northern Oil Gas minus its cost of goods sold. It is profit before Northern Oil operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most indicators from Northern Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Northern Oil Gas current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Northern Oil's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Northern Oil's current Enterprise Value Multiple is estimated to increase to 4.03, while Issuance Of Capital Stock is projected to decrease to roughly 223.3 M.
2023 | 2024 (projected) | Extraordinary Items | 720K | 640K | Reconciled Depreciation | 412.2M | 213.1M |
Northern Oil fundamental ratios Correlations
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Northern Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Northern Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Short Long Term Debt Total | 1.1B | 944.8M | 803.4M | 1.5B | 1.8B | 1.9B | |
Total Current Liabilities | 203.5M | 182.5M | 327.6M | 345.0M | 385.8M | 405.0M | |
Total Stockholder Equity | 558.6M | (223.3M) | 215.1M | 745.3M | 2.0B | 2.2B | |
Net Debt | 1.1B | 943.4M | 793.9M | 1.5B | 1.8B | 1.9B | |
Retained Earnings | (873.2M) | (1.8B) | (1.8B) | (1.0B) | (77.8M) | (81.7M) | |
Common Stock Total Equity | 66.8K | 378.3K | 406K | 448K | 515.2K | 541.0K | |
Common Stock Shares Outstanding | 38.7M | 42.7M | 63.0M | 86.7M | 92.1M | 96.7M | |
Non Current Liabilities Total | 1.1B | 912.9M | 980.2M | 1.8B | 2.1B | 2.2B | |
Other Stockholder Equity | 1.4B | 1.6B | 2.0B | 1.7B | 2.1B | 2.2B | |
Total Liab | 1.3B | 1.1B | 1.3B | 2.1B | 2.4B | 2.6B | |
Common Stock | 406K | 448K | 479K | 487K | 503K | 528.2K | |
Accounts Payable | 69.4M | 35.8M | 65.5M | 128.6M | 192.7M | 202.3M | |
Other Current Liab | 134.1M | 4.7M | 262.1M | 216.4M | 193.1M | 202.7M | |
Total Assets | 1.9B | 872.1M | 1.5B | 2.9B | 4.5B | 4.7B | |
Property Plant And Equipment Net | 1.7B | 735.2M | 1.3B | 2.5B | 3.9B | 4.1B | |
Cash | 16.1M | 1.4M | 9.5M | 2.5M | 8.2M | 7.8M | |
Non Current Assets Total | 1.8B | 746.5M | 1.3B | 2.6B | 4.0B | 4.2B | |
Cash And Short Term Investments | 16.1M | 1.4M | 9.5M | 2.5M | 8.2M | 7.8M | |
Liabilities And Stockholders Equity | 1.9B | 872.1M | 1.5B | 2.9B | 4.5B | 4.7B | |
Other Current Assets | 2.0M | 1.4M | 3.4M | 2.0M | 127.4M | 133.8M | |
Property Plant And Equipment Gross | 1.7B | 735.2M | 5.1B | 6.5B | 8.5B | 8.9B | |
Total Current Assets | 133.0M | 125.6M | 215.3M | 320.5M | 509.4M | 534.9M | |
Property Plant Equipment | 1.7B | 735.2M | 1.3B | 2.5B | 2.9B | 3.0B | |
Non Currrent Assets Other | 23.6M | 6.7M | 48.3M | 56.0M | 30.2M | 31.7M | |
Other Assets | 23.8M | 744.0M | 54.2M | 71.8M | 82.5M | 78.1M | |
Net Receivables | 108.5M | 71.0M | 193.6M | 271.7M | 373.8M | 392.5M | |
Inventory | 6.5M | 51.8M | 8.8M | 44.3M | 1.0 | 0.95 | |
Other Liab | 25.2M | 32.6M | 176.7M | 259.5M | 298.5M | 313.4M | |
Long Term Debt | 1.1B | 879.8M | 803.4M | 1.5B | 1.8B | 1.9B | |
Net Tangible Assets | 558.6M | (223.3M) | 215.1M | 745.3M | 857.0M | 899.9M | |
Long Term Debt Total | 1.1B | 879.8M | 803.4M | 1.5B | 1.8B | 1.1B | |
Capital Surpluse | 1.4B | 1.6B | 2.0B | 1.7B | 2.0B | 1.2B | |
Deferred Long Term Liab | 9.8M | 6.5M | 5.7M | 10.9M | 12.5M | 8.3M | |
Non Current Liabilities Other | 346K | 50K | 3.1M | 2.0M | 2.7M | 2.9M | |
Cash And Equivalents | 16.1M | 1.4M | 9.5M | 2.5M | 2.3M | 2.2M | |
Net Invested Capital | 1.7B | 721.5M | 1.0B | 2.3B | 3.9B | 4.1B |
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Try AI Portfolio ArchitectCheck out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northern Oil Gas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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Is Northern Oil's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northern Oil. If investors know Northern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northern Oil listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.379 | Dividend Share 1.49 | Earnings Share 10.03 | Revenue Per Share 19.095 | Quarterly Revenue Growth 0.226 |
The market value of Northern Oil Gas is measured differently than its book value, which is the value of Northern that is recorded on the company's balance sheet. Investors also form their own opinion of Northern Oil's value that differs from its market value or its book value, called intrinsic value, which is Northern Oil's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northern Oil's market value can be influenced by many factors that don't directly affect Northern Oil's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Northern Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northern Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northern Oil's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.