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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
NTIC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.22
Current: 0.22
During the past 13 years, the highest Debt-to-Equity Ratio of Northern Technologies International was 0.22. The lowest was 0.01. And the median was 0.09.
NTIC's Debt-to-Equity is ranked better than 62.77% of 1421
companies
in the Chemicals industry
Industry Median: 0.36
vs NTIC: 0.22
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Northern Technologies International Debt-to-Equity Related Terms
Northern Technologies International Debt-to-Equity Historical Data
* 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.
Northern Technologies International Debt-to-Equity Chart
NTIC vs FSI, KBLB, FEAM: Debt-to-Equity Comparison
For the Specialty Chemicals subindustry, Northern Technologies International's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Northern Technologies International Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Northern Technologies International's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Northern Technologies International's Debt-to-Equity falls into.
* 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.
Northern Technologies International (NTIC) has a Debt-to-Equity of 0.22 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Technologies International and its competitors. This is 144% above median its historical median of 0.09. Over the past decade, Northern Technologies International's Debt-to-Equity has ranged from 0.01 to 0.22. According to the industry distribution chart, Northern Technologies International ranks #529 out of 1421 companies in the Chemicals industry, placing it in the top 37.2%.
Is Northern Technologies International's Debt-to-Equity too high?
Northern Technologies International's current Debt-to-Equity of 0.22 is 144% above median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.22. The Chemicals industry median Debt-to-Equity is 0.36. Northern Technologies International's value of 0.22 is 38.9% below this industry median. Based on the distribution chart, Northern Technologies International ranks #529 out of 1421 companies in the Chemicals industry, which is above the industry midpoint. Overall, Northern Technologies International has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northern Technologies International's Debt-to-Equity compare to FSI and KBLB?
According to the Chemicals industry distribution chart, Northern Technologies International ranks #529 out of 1421 companies for Debt-to-Equity. This puts Northern Technologies International in the upper half of its industry. The industry median Debt-to-Equity is 0.36. Northern Technologies International's value of 0.22 is 38.9% below this benchmark. Historically, Northern Technologies International's own Debt-to-Equity has ranged from 0.01 to 0.22 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.36, Northern Technologies International has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,421 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northern Technologies International's current Debt-to-Equity of 0.22 is 38.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Technologies International and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Technologies International's current Debt-to-Equity is 0.22, which is 144% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Technologies International stock overvalued right now?
Based on GuruFocus' analysis, Northern Technologies International (NTIC) is currently considered Possible Value Trap. The stock's GF Value™ is $13.28, compared to a current price of $8.01 — trading 39.7% below its estimated fair value. The current Debt-to-Equity is 0.22, which is 144% above median its 10-year median of 0.09 and 38.9% below the Chemicals industry median of 0.36. Northern Technologies International's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Northern Technologies International (NTIC), the current Debt-to-Equity is 0.22 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Northern Technologies International (NTIC) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Technologies International stock appears to be undervalued.
The current stock price of $8.01 is trading 39.7% below its estimated GF Value™ of $13.28.
GuruFocus considers Northern Technologies International to be Possible Value Trap.
Key valuation signals for NTIC:
Debt-to-Equity: 0.22 (144% above median its 10-year median of 0.09)
GF Value™: $13.28 vs. price of $8.01 (39.7% below fair value)
Industry Position: 38.9% below the Chemicals median (#529 of 1421)
No single metric tells the full story. See the NTIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Technologies International Corp is a United States-based firm that develops and markets proprietary, 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. The company generates the majority of its revenue in the United States.
63GF Score
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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