Northern Total Assets vs Accounts Payable Analysis
NOG Stock | USD 42.50 0.45 1.07% |
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 Total Assets and its Accounts Payable 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.
Total Assets vs Accounts Payable
Total Assets vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Oil Gas Total Assets account and Accounts Payable. At this time, the significance of the direction appears to have strong relationship.
The correlation between Northern Oil's Total Assets and Accounts Payable is 0.73. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Accounts Payable 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 Total Assets and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Northern Oil Gas are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Assets i.e., Northern Oil's Total Assets and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Northern Oil assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Northern Oil Gas books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Accounts Payable
An accounting item on the balance sheet that represents Northern Oil obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Northern Oil Gas are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 | 50.9M | 36.1M | |
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 |
Northern Oil Investors Sentiment
The influence of Northern Oil's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Northern. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Northern Oil's public news can be used to forecast risks associated with an investment in Northern. The trend in average sentiment can be used to explain how an investor holding Northern can time the market purely based on public headlines and social activities around Northern Oil Gas. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Northern Oil's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Northern Oil's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Northern Oil's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Northern Oil.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Northern Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Northern Oil's short interest history, or implied volatility extrapolated from Northern Oil options trading.
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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.