Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 14.70% is 88% above its 5-year average of 7.83%, near the high end of its 5-year range (0.51%–14.70%).
As of the fiscal period ended Sunday, May 31, 2026. 13.24% above its 12-month average of 12.99%.
Reported quarterly debt to assets ratio; no daily interpolation. Q3 FY2026 (2026-05-31): 14.70%.
DEBT TO ASSETS RATIO
14.70%
DEBT TO ASSETS RATIO AVG TTM
12.99%
DEBT TO ASSETS RATIO AVG 3Y
9.59%
DEBT TO ASSETS RATIO AVG 5Y
7.83%
DEBT TO ASSETS RATIO AVG 10Y
4.13%
DEBT TO ASSETS RATIO AVG 15Y
2.82%
DEBT TO ASSETS RATIO AVG 20Y
3.96%
CURRENT VS TTM AVG
+13.24%
CURRENT VS 3Y AVG
+53.31%
CURRENT VS 5Y AVG
+87.83%
CURRENT VS 10Y AVG
+255.93%
CURRENT VS 15Y AVG
+422.16%
CURRENT VS 20Y AVG
+271.07%
SECTOR MEDIAN · BASIC MATERIALS
0.19%
median of 141 covered companies
CURRENT VS SECTOR MEDIAN
+7639.43%
vs the sector median at left
Northern Technologies International Corporation
Market Cap
$74.09M
Debt to Assets Ratio
14.70%
TTM Avg
12.99%
3Y Avg
9.59%
5Y Avg
7.83%
Market Cap
$73.43M
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$65.95M
Debt to Assets Ratio
0.02%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$85.63M
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$87.74M
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$53.43M
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$51.69M
Debt to Assets Ratio
0.42%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Northern Technologies International Corporation (NTIC) | $74.09M | 14.70% | 12.99% | 9.59% | 7.83% |
| Atlas Lithium Corporation (ATLX)vs › | $73.43M | 0.12% | N/A | N/A | N/A |
| Nexmetals Mining Corp. (NEXM)vs › | $65.95M | 0.02% | N/A | N/A | N/A |
| Namib Minerals (NAMM)vs › | $65.38M | 0.08% | N/A | N/A | N/A |
| Julong Holding Limited (JLHL)vs › | $85.63M | 0.03% | N/A | N/A | N/A |
| U.S. GoldMining Inc. (USGO)vs › | $87.74M | 0.01% | N/A | N/A | N/A |
| Electra Battery Materials Corporation (ELBM)vs › | $53.43M | 0.38% | N/A | N/A | N/A |
| Caesarstone Ltd. (CSTE)vs › | $96.12M | 0.27% | N/A | N/A | N/A |
| Texxon Holding Limited Ordinary shares (NPT)vs › | $51.69M | 0.42% | N/A | N/A | N/A |
| Tactical Resources Corp. (TREO)vs › | $40.43M | N/A | N/A | N/A | N/A |
Debt/Assets
14.7%
Debt/Equity
0.22
Current Ratio
1.72
Interest Coverage
-10.0x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-05-31 | 14.70% |
| 2026-02-28 | 14.38% |
| 2025-11-30 | 12.46% |
| 2025-08-31 | 12.80% |
| 2025-05-31 | 10.59% |
| 2025-02-28 | 8.96% |
| 2024-11-30 | 8.09% |
| 2024-08-31 | 7.96% |
| 2024-05-31 | 5.67% |
| 2024-02-29 | 4.94% |
| 2023-11-30 | 6.91% |
| 2023-08-31 | 7.60% |
| 2023-05-31 | 9.64% |
| 2023-02-28 | 8.68% |
| 2022-11-30 | 7.00% |
| 2022-08-31 | 7.49% |
| 2022-05-31 | 6.01% |
| 2022-02-28 | 5.57% |
| 2021-11-30 | 3.79% |
| 2021-08-31 | 0.51% |
| 2021-05-31 | 0.67% |
| 2021-02-28 | 0.84% |
| 2020-11-30 | 0.80% |
| 2020-08-31 | 1.00% |
| 2020-05-31 | 0.70% |
| 2020-02-29 | 0.77% |
| 2019-11-30 | 0.88% |
| 2019-08-31 | 0.00% |
| 2019-05-31 | 0.00% |
| 2019-02-28 | 0.00% |
| 2018-11-30 | 0.00% |
| 2018-08-31 | 0.00% |
| 2018-05-31 | 0.00% |
| 2018-02-28 | 0.00% |
| 2017-11-30 | 0.00% |
| 2017-08-31 | 0.00% |
| 2017-05-31 | 0.00% |
| 2017-02-28 | 0.00% |
| 2016-11-30 | 0.00% |
| 2016-08-31 | 0.00% |
| 2016-05-31 | 0.00% |
| 2016-02-29 | 0.00% |
| 2015-11-30 | 0.00% |
| 2015-08-31 | 0.00% |
| 2015-05-31 | 0.00% |
| 2015-02-28 | 0.00% |
| 2014-11-30 | 0.00% |
| 2014-08-31 | 0.00% |
| 2014-05-31 | 0.00% |
| 2014-02-28 | 0.00% |
| 2013-11-30 | 1.77% |
| 2013-08-31 | 1.90% |
| 2013-05-31 | 2.05% |
| 2013-02-28 | 2.14% |
| 2012-11-30 | 2.10% |
| 2012-08-31 | 2.41% |
| 2012-05-31 | 2.51% |
| 2012-02-29 | 2.67% |
| 2011-11-30 | 2.73% |
| 2011-08-31 | 2.71% |
| 2011-05-31 | 2.85% |
| 2011-02-28 | 3.07% |
| 2010-11-30 | 3.35% |
| 2010-08-31 | 3.50% |
| 2010-05-31 | 3.83% |
| 2010-02-28 | 3.84% |
| 2009-11-30 | 3.86% |
| 2009-08-31 | 8.52% |
| 2009-05-31 | 8.66% |
| 2009-02-28 | 6.79% |
| 2008-11-30 | 4.30% |
| 2008-08-31 | 7.46% |
| 2008-05-31 | 4.77% |
| 2008-02-29 | 4.24% |
| 2007-11-30 | 7.09% |
| 2007-08-31 | 4.72% |
| 2007-05-31 | 9.04% |
| 2007-02-28 | 9.05% |
| 2006-11-30 | 10.05% |
| 2006-08-31 | 9.48% |
| 2006-05-31 | 10.14% |
| 2006-02-28 | 4.59% |
| 2005-11-30 | 4.02% |
| 2005-08-31 | 8.06% |
| 2005-05-31 | 5.36% |
| 2005-02-28 | 3.67% |
| 2004-11-30 | 0.94% |
| 2004-08-31 | 0.00% |
| 2004-05-31 | 0.00% |
| 2004-02-29 | 0.00% |
| 2003-11-30 | 0.00% |
| 2003-08-31 | 0.00% |
| 2003-05-31 | 0.00% |
| 2003-02-28 | 2.72% |
| 2002-11-30 | 0.00% |
| 2002-08-31 | 0.00% |
