Northern Total Debt vs Current 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 Debt and its Current 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 Debt vs Current Liabilities

Total Debt vs Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Northern Oil Gas Total Debt account and Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Northern Oil's Total Debt and Current Liabilities is 0.71. Overlapping area represents the amount of variation of Total Debt that can explain the historical movement of Current 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 Debt and Current 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 Debt of Northern Oil Gas are associated (or correlated) with its Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Liabilities has no effect on the direction of Total Debt i.e., Northern Oil's Total Debt and Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.71

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Debt

Total Debt of Northern Oil Gas is a combination of both Northern Oil short-term and long-term liabilities. Short-term debts are those that must be paid back within a year. This type of debt applies to things like lines of credit or short-term term bonds. Long-term debt of Northern Oil Gas includes liability that must be paid off in more than a year. This typically includes large senior debts like mortgages, bonds, as well as business loans or leases. A component of Total Liabilities representing the total amount of current and non-current debt owed. Includes secured and unsecured bonds issued; commercial paper; notes payable; credit facilities; lines of credit; capital lease obligations; operating lease obligations; and convertible notes. Where this item is not contained on the company consolidated financial statements the default value on 0 is used.

Current Liabilities

The current portion of Total Liabilities; reported if the company operates a classified balance sheet that segments current and non-current 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

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 markets does not have a 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 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 equiteis 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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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 CEO Directory module to screen CEOs from public companies around the world.

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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 Debt vs Current Liabilities Analysis

Total Debt vs Current Liabilities

Total Debt vs Current Liabilities Correlation Analysis

Correlation Coefficient

Total Debt

Current Liabilities

Northern Oil fundamental ratios Correlations

Northern Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Oil fundamental ratios Accounts

Northern Oil Investors Sentiment

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Build Optimal Portfolios

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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