Northern Total Assets vs Total Liabilities Analysis

NOG Stock

USD 29.25 0.86 3.03%

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 Total Liabilities accounts. Check out Correlation Analysis. For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide.

Total Assets vs Total Liabilities

Total Assets vs Total Liabilities 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 Total Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Northern Oil's Total Assets and Total Liabilities is 0.76. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Total Liabilities 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 Total Liabilities 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 Total Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liabilities has no effect on the direction of Total Assets i.e., Northern Oil's Total Assets and Total Liabilities go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

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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. Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Major components are Cash and Equivalents; Investments; [Intangibles]; Property Plant and Equipment Net; Tax Assets and Trade and Non Trade Receivables.

Total Liabilities

Deferred Income Tax is recorded on Northern Oil Gas balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Northern Oil books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; [DeferredRev]; Trade and Non Trade Payables; Deposit Liabilities; and Tax 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. For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide.Northern Oil Enterprise Value over EBITDA is most likely to increase slightly in the upcoming years. The last year's value of Enterprise Value over EBITDA was reported at 3.48

	2020	2021	2022	2023 (projected)
Interest Expense	58.5 M	59.02 M	80.33 M	76.34 M
Gross Profit	406.09 M	249.13 M	1.15 B	1.24 B

Interest Expense Gross Profit

Northern Oil fundamental ratios Correlations

	Inventories	Receivables	Accounts Payable	Total Assets	Current Assets	Assets Non Current	Cash and Equivalents	Total Debt	Debt Current	Debt Non Current	Shareholders Equity	Investments	Investments Current	Investments Non Current	Total Liabilities	Current Liabilities	Liabilities Non Current	Trade and Non Trade Payables	Property Plant and Equipment Net	Trade and Non Trade Receivables	Tax Assets	Tax Liabilities
Inventories		0.39	-0.46	0.15	0.32	0.13	-0.02	0.62	0.63	0.58	-0.27	-0.03	-0.04	-0.08	0.53	0.44	0.52	-0.53	0.12	0.35	-0.47	-0.14
Receivables	0.39		0.23	0.81	0.83	0.78	-0.27	0.83	0.59	0.81	0.46	-0.06	-0.07	-0.27	0.88	0.83	0.84	0.14	0.77	0.99	-0.24	-0.88
Accounts Payable	-0.46	0.23		0.54	0.46	0.53	-0.07	0.05	-0.24	0.08	0.57	0.43	0.45	0.0	0.25	0.46	0.18	0.88	0.53	0.2	0.38	-0.2
Total Assets	0.15	0.81	0.54		0.81	1.0	-0.34	0.62	0.26	0.63	0.81	0.02	0.01	-0.42	0.76	0.83	0.69	0.49	1.0	0.83	-0.09	-0.72
Current Assets	0.32	0.83	0.46	0.81		0.76	-0.11	0.78	0.44	0.77	0.43	0.43	0.42	-0.03	0.86	0.89	0.8	0.29	0.75	0.82	-0.31	-0.71
Assets Non Current	0.13	0.78	0.53	1.0	0.76		-0.36	0.59	0.23	0.59	0.83	-0.04	-0.04	-0.46	0.72	0.8	0.66	0.5	1.0	0.8	-0.06	-0.7
Cash and Equivalents	-0.02	-0.27	-0.07	-0.34	-0.11	-0.36		-0.02	-0.16	-0.01	-0.44	0.46	0.37	0.34	-0.09	-0.25	-0.04	0.0	-0.36	-0.28	-0.03	0.19
Total Debt	0.62	0.83	0.05	0.62	0.78	0.59	-0.02		0.44	1.0	0.06	0.16	0.15	0.07	0.97	0.71	0.99	-0.03	0.58	0.79	-0.4	-0.79
Debt Current	0.63	0.59	-0.24	0.26	0.44	0.23	-0.16	0.44		0.37	0.01	-0.22	-0.22	-0.41	0.43	0.61	0.35	-0.23	0.22	0.59	-0.28	-0.28
Debt Non Current	0.58	0.81	0.08	0.63	0.77	0.59	-0.01	1.0	0.37		0.07	0.18	0.18	0.1	0.97	0.68	0.99	0.0	0.58	0.77	-0.39	-0.8
Shareholders Equity	-0.27	0.46	0.57	0.81	0.43	0.83	-0.44	0.06	0.01	0.07		-0.16	-0.17	-0.61	0.24	0.5	0.16	0.57	0.84	0.52	0.15	-0.41
Investments	-0.03	-0.06	0.43	0.02	0.43	-0.04	0.46	0.16	-0.22	0.18	-0.16		0.98	0.61	0.19	0.18	0.19	0.19	-0.05	-0.11	-0.16	0.04
Investments Current	-0.04	-0.07	0.45	0.01	0.42	-0.04	0.37	0.15	-0.22	0.18	-0.17	0.98		0.59	0.2	0.18	0.19	0.24	-0.05	-0.12	-0.18	0.04
Investments Non Current	-0.08	-0.27	0.0	-0.42	-0.03	-0.46	0.34	0.07	-0.41	0.1	-0.61	0.61	0.59		-0.02	-0.29	0.05	-0.21	-0.47	-0.34	-0.12	0.16
Total Liabilities	0.53	0.88	0.25	0.76	0.86	0.72	-0.09	0.97	0.43	0.97	0.24	0.19	0.2	-0.02		0.82	0.99	0.17	0.72	0.84	-0.32	-0.81
Current Liabilities	0.44	0.83	0.46	0.83	0.89	0.8	-0.25	0.71	0.61	0.68	0.5	0.18	0.18	-0.29	0.82		0.73	0.34	0.79	0.81	-0.15	-0.58
Liabilities Non Current	0.52	0.84	0.18	0.69	0.8	0.66	-0.04	0.99	0.35	0.99	0.16	0.19	0.19	0.05	0.99	0.73		0.11	0.66	0.8	-0.35	-0.82
Trade and Non Trade Payables	-0.53	0.14	0.88	0.49	0.29	0.5	0.0	-0.03	-0.23	0.0	0.57	0.19	0.24	-0.21	0.17	0.34	0.11		0.51	0.14	0.42	-0.17
Property Plant and Equipment Net	0.12	0.77	0.53	1.0	0.75	1.0	-0.36	0.58	0.22	0.58	0.84	-0.05	-0.05	-0.47	0.72	0.79	0.66	0.51		0.8	-0.05	-0.7
Trade and Non Trade Receivables	0.35	0.99	0.2	0.83	0.82	0.8	-0.28	0.79	0.59	0.77	0.52	-0.11	-0.12	-0.34	0.84	0.81	0.8	0.14	0.8		-0.25	-0.89
Tax Assets	-0.47	-0.24	0.38	-0.09	-0.31	-0.06	-0.03	-0.4	-0.28	-0.39	0.15	-0.16	-0.18	-0.12	-0.32	-0.15	-0.35	0.42	-0.05	-0.25		0.24
Tax Liabilities	-0.14	-0.88	-0.2	-0.72	-0.71	-0.7	0.19	-0.79	-0.28	-0.8	-0.41	0.04	0.04	0.16	-0.81	-0.58	-0.82	-0.17	-0.7	-0.89	0.24

Click cells to compare fundamentals

Northern Oil Account Relationship Matchups

Northern Oil fundamental ratios Accounts

	2018	2019	2020	2021	2022	2023 (projected)
Inventories	28.33 M	29.75 M	29.58 M	35.85 M	32.26 M	29.47 M
Receivables	96.35 M	108.27 M	71.02 M	193.55 M	271.34 M	292.76 M
Accounts Payable	135.48 M	69.39 M	35.8 M	65.46 M	128.58 M	125.76 M
Total Assets	1.5 B	1.91 B	872.09 M	1.52 B	2.88 B	2.31 B
Current Assets	228.41 M	133.04 M	125.63 M	215.33 M	320.49 M	261.79 M
Assets Non Current	1.28 B	1.77 B	746.46 M	1.31 B	2.55 B	2.05 B
Cash and Equivalents	2.36 M	16.07 M	1.43 M	9.52 M	2.53 M	2.59 M
Cash and Equivalents USD	2.36 M	16.07 M	1.43 M	9.52 M	2.53 M	2.59 M
Total Debt	848.39 M	1.14 B	962.58 M	1.09 B	1.81 B	1.5 B
Debt Current	18.18 M	11.3 M	68.08 M	134.28 M	58.42 M	55.21 M
Debt Non Current	830.2 M	1.13 B	894.5 M	951.2 M	1.75 B	1.45 B
Total Debt USD	848.39 M	1.14 B	962.58 M	1.09 B	1.81 B	1.5 B
Shareholders Equity	429.87 M	558.64 M	(223.3 M)	215.13 M	745.26 M	804.1 M
Shareholders Equity USD	429.87 M	558.64 M	(223.3 M)	215.13 M	745.26 M	804.1 M
Total Liabilities	1.07 B	1.35 B	1.1 B	1.31 B	2.13 B	1.79 B
Current Liabilities	231.53 M	203.48 M	182.47 M	327.56 M	344.97 M	294.69 M
Liabilities Non Current	842.25 M	1.14 B	912.92 M	980.17 M	1.78 B	1.49 B
Trade and Non Trade Payables	55.02 M	69.39 M	35.8 M	65.46 M	128.58 M	108.45 M
Property Plant and Equipment Net	1.2 B	1.75 B	735.2 M	1.25 B	2.48 B	2 B
Trade and Non Trade Receivables	96.35 M	108.27 M	71.02 M	193.55 M	271.34 M	292.76 M
Accumulated Retained Earnings Deficit	(796.88 M)	(873.2 M)	(1.78 B)	(1.77 B)	(1 B)	(1.08 B)
Tax Assets	1.57 M	1.62 M	420 K	338 K	304.2 K	312.2 K

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Check out Correlation Analysis. For more detail on how to invest in Northern Stock please use our How to Invest in Northern Oil guide. You can also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

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When running Northern Oil Gas price analysis, check to measure Northern Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Northern Oil is operating at the current time. Most of Northern Oil's value examination focuses on studying past and present price action to predict the probability of Northern Oil's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Northern Oil's price. Additionally, you may evaluate how the addition of Northern Oil to your portfolios can decrease your overall portfolio volatility.

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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

(0.22)

Dividend Share

0.88

Earnings Share

9.14

Revenue Per Share

23.265

Quarterly Revenue Growth

0.328

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 Northern Oil value 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.

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Northern Total Assets vs Total Liabilities Analysis

Total Assets vs Total Liabilities

Total Assets vs Total Liabilities Correlation Analysis

Correlation Coefficient

Total Assets

Total Liabilities

Northern Oil fundamental ratios Correlations

Northern Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Oil fundamental ratios Accounts

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Assets Non Current	+ 1.0	Total Assets
Property Plant and Equipment Net	+ 1.0	Total Assets
Property Plant and Equipment Net	+ 1.0	Assets Non Current
Debt Non Current	+ 1.0	Total Debt
Trade and Non Trade Receivables	+ 0.99	Receivables
Liabilities Non Current	+ 0.99	Total Debt

Tax Liabilities	- 0.89	Trade and Non Trade Receivables
Tax Liabilities	- 0.88	Receivables
Tax Liabilities	- 0.82	Liabilities Non Current
Tax Liabilities	- 0.81	Total Liabilities
Tax Liabilities	- 0.8	Debt Non Current
Tax Liabilities	- 0.79	Total Debt