Northern Technologies International (Northern Technologies International) Interest Expense : $-0.44 Mil (TTM As of Feb. 2024)

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What is Northern Technologies International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Northern Technologies International's interest expense for the three months ended in Feb. 2024 was $ -0.08 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.44 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Northern Technologies International's Operating Income for the three months ended in Feb. 2024 was $ -0.28 Mil. Northern Technologies International's Interest Expense for the three months ended in Feb. 2024 was $ -0.08 Mil. Northern Technologies International did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northern Technologies International Interest Expense Historical Data

The historical data trend for Northern Technologies International's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Northern Technologies International Interest Expense Chart

Northern Technologies International Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-0.01

-0.02

-0.09

-0.46

Northern Technologies International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-0.12	-0.14	-0.12	-0.11	-0.08

Northern Technologies International Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.44 Mil.

Northern Technologies International (NAS:NTIC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Northern Technologies International's Interest Expense for the three months ended in Feb. 2024 was $-0.08 Mil. Its Operating Income for the three months ended in Feb. 2024 was $-0.28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $0.17 Mil.

Northern Technologies International's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Northern Technologies International did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Northern Technologies International (Northern Technologies International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Northern Technologies International Corp (NAS:NTIC) » Definitions » Interest Expense

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Address

4201 Woodland Road, P.O. Box 69, Circle Pines, MN, USA, 55014

Website

https://www.ntic.com

Northern Technologies International Corp, or NTIC is a United States-based firm that develops and markets environmentally beneficial products and services world-wide either directly or through a network of joint ventures, distributors, and agents. It operates through two segments which include ZERUST products and services and Nature-Tec products. Its main business is providing corrosion prevention solutions that are marketed under the ZERUST brand. The company also sells a portfolio of bio-based and biodegradable (compostable) polymer resin compounds and finished products marketed under the Nature-Tec brand. The ZERUST brand generates a vast majority of the revenue for the company.

Executives

Nancy E. Calderon	director	1285 WAKEFIELD TRAIL, RENO NV 89523
Richard Nigon	director	CEDAR POINT CAPITAL, 150 SOUTH 5TH STREET, MINNEAPOLIS MN 55402
Sarah E. Kemp	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Pinho Cristina Lucia Duarte	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Falkenhausen Konstantin Von	director	4201 WOODLAND ROAD, PO BOX 69, CIRCLE PINES MN 55014
Barbara D. Colwell	director	4201 WOODLAND ROAD, CIRCLE PINES MN 55014
G Patrick Lynch	director	4201 WOODLAND ROAD, CIRCLE PINES MN 55014
Pierre Chenu	director	118B AVENUE W CHURCHILL, PO BOX 15, BRUSSELS C9 1180
Mark J Stone	director	689 5TH AVENUE, 14TH FLOOR, NEW YORK NY 10022
Inter Alia Holding Co	10 percent owner
Juliane I Lynch	10 percent owner	23205 MERCANTILE ROAD, BEACHWOOD OH 44122
Koh Soo Keong	director	4201 WOODLAND ROAD, POST OFFICE BOX 69, CIRCLE PINES MN 55014
Tilman Bernhard Frank	director	4201 WOODLAND ROAD, POST OFFICE BOX 69, CIRCLE PINES MN 55014
Sunggyu Lee	director	4912 MCKENNA CT, COLUMBIA MO 65203
Ramani Narayan	director	4275 CONIFER CIRCLE, OKEMOS MI 48864