Northern Historical Balance Sheet

NOG Stock

USD 27.68 0.29 1.04%

Trend analysis of Northern Oil Gas balance sheet accounts such as Total Assets of 2.3 B provides information on Northern Oil's total assets, liabilities, and equity, which is the actual value of Northern Oil Gas to its prevalent stockholders. By breaking down trends over time using Northern Oil balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year. Financial Statement Analysis is much more than just reviewing and breaking down Northern Oil Gas prevalent accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Northern Oil Gas is a good buy for the upcoming year.

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 Liabilities Total Assets

About Northern Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Northern Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Northern Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Northern Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Northern currently owns. An asset can also be divided into two categories, current and non-current.

Northern Oil Balance Sheet Chart

Northern Oil Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Northern Oil Gas uses and utilizes its capital. It also shows what exactly a company owns and owes.

Northern Oil Shareholders Equity is most likely to decrease significantly in the upcoming years. The last year's value of Shareholders Equity was reported at 745.26 Million. The current Investments Current is estimated to increase to about 35.8 M, while Accounts Payable is projected to decrease to roughly 125.8 M.

Total Assets Current Assets Shareholders Equity Total Liabilities

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.

Current Assets

Current assets of Northern Oil Gas include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Northern Oil. The current portion of Total Assets; reported if a company operates a classified balance sheet that segments current and non-current assets.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.

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 accounts from Northern Oil's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts 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 balance sheet accounts, 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 Shareholders Equity is most likely to decrease significantly in the upcoming years. The last year's value of Shareholders Equity was reported at 745.26 Million. The current Investments Current is estimated to increase to about 35.8 M, while Accounts Payable is projected to decrease to roughly 125.8 M.

	2022	2023 (projected)
Receivables	271.34 M	292.76 M
Inventories	32.26 M	29.47 M

Receivables Inventories

Northern Oil balance sheet 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 balance sheet 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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Northern Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Share Portfolio Now

Share Portfolio

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Northern Oil Gas using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations

Fix portfolios for free

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 Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for analysis

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.

	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk
	Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
	Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
	Fund Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators

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

9.49

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2023 Macroaxis LLC

Northern Historical Balance Sheet

About Northern Balance Sheet Analysis

Northern Oil Balance Sheet Chart

Total Assets

Current Assets

Shareholders Equity

Total Liabilities

Northern Oil balance sheet Correlations

Northern Oil Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Northern Oil balance sheet Accounts

Be your own money manager

Did you try this?

Run Share Portfolio Now

Share Portfolio

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

Complementary Tools for analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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