NLITW (Northern Lights Acquisition) EBIT: $-2.06 Mil (TTM As of Jun. 2022)


NLITW Northern Lights Acquisition Corp NLITW
20 GF Score
Price $0.24
! 1 Warning Sign
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What is Northern Lights Acquisition EBIT?

Northern Lights Acquisition NLITW 20 EBIT is $-2.06 Mil as of Jun. 2022. GuruFocus rates NLITW with a GF Score™ of 20/100. The stock has 1 warning sign investors should review.

Northern Lights Acquisition's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-1.09 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-2.06 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Northern Lights Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 was -3.70%. Northern Lights Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was %.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Northern Lights Acquisition  (NAS:NLITW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Northern Lights Acquisition's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-4.372 * ( 1 - 0% )/( (117.473 + 118.652)/ 2 )
=-4.372/118.0625
=-3.70 %

where

Invested Capital(Q: Mar. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=117.745 - 1.093 - ( 0.048 - max(0, 1.093 - 0.272+0.048))
=117.473

Invested Capital(Q: Jun. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=119.029 - 2.188 - ( 0.172 - max(0, 2.188 - 0.377+0.172))
=118.652

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Northern Lights Acquisition's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-4.372/( ( (0 + max(-0.869, 0)) + (0 + max(-1.983, 0)) )/ 2 )
=-4.372/( ( 0 + 0 )/ 2 )
=-4.372/0
= %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.224) - (1.093 + 0 + 0)
=-0.869

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.205) - (2.188 + 0 + 0)
=-1.983

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Northern Lights Acquisition's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=-2.057/0.000
= %

* 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 Lights Acquisition EBIT Related Terms

Northern Lights Acquisition EBIT Historical Data

* Premium members only.

The historical data trend for Northern Lights Acquisition's EBIT 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.

Northern Lights Acquisition EBIT Chart

Northern Lights Acquisition Annual Data
Trend Dec21
EBIT
0.00

Northern Lights Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EBIT Get a 7-Day Free Trial -0.01 -0.24 0.00 -0.72 -1.09

NLITW vs KWAC, MBTC, PONO: EBIT Comparison

For the Shell Companies subindustry, Northern Lights Acquisition's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 Lights Acquisition EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Northern Lights Acquisition's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Northern Lights Acquisition's EV-to-EBIT falls into.


NLITW
20GF Score
Northern Lights Acquisition Corp NLITW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Northern Lights Acquisition EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.06 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-2.06 Mil mean?
Northern Lights Acquisition (NLITW) has a EBIT of $-2.06 Mil as of Jun. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Northern Lights Acquisition.
Is Northern Lights Acquisition's EBIT too high?
Northern Lights Acquisition's current EBIT is $-2.06 Mil. Overall, Northern Lights Acquisition has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Northern Lights Acquisition's EBIT compare to KWAC and MBTC?
Northern Lights Acquisition's EBIT of $-2.06 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Diversified Financial Services company?
A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Northern Lights Acquisition. Northern Lights Acquisition's current EBIT is $-2.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Lights Acquisition stock overvalued right now?
Northern Lights Acquisition (NLITW) has a current EBIT of $-2.06 Mil. The current EBIT is $-2.06 Mil. Northern Lights Acquisition's overall GF Score™ is 20/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Northern Lights Acquisition (NLITW), the current EBIT is $-2.06 Mil as of Jun. 2022. 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.

Northern Lights Acquisition Business Description

Address 10 East 53rd Street, Suite 3001, New York, NY, USA, 10022
Northern Lights Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.
20GF Score

Get the complete analysis for NLITW

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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