Nortech Systems Balance Sheet Health
Financial Health criteria checks 5/6
Nortech Systems has a total shareholder equity of $35.7M and total debt of $9.5M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are $77.0M and $41.3M respectively. Nortech Systems's EBIT is $4.0M making its interest coverage ratio 5.9. It has cash and short-term investments of $1.2M.
Key information
26.6%
Debt to equity ratio
US$9.51m
Debt
Interest coverage ratio | 5.9x |
Cash | US$1.24m |
Equity | US$35.69m |
Total liabilities | US$41.28m |
Total assets | US$76.97m |
Recent financial health updates
Here's Why Nortech Systems (NASDAQ:NSYS) Can Manage Its Debt Responsibly
Aug 23Is Nortech Systems (NASDAQ:NSYS) Using Too Much Debt?
Sep 24Recent updates
Nortech Systems' (NASDAQ:NSYS) Solid Earnings May Rest On Weak Foundations
Nov 15Nortech Systems Incorporated's (NASDAQ:NSYS) Low P/E No Reason For Excitement
Nov 08Here's Why Nortech Systems (NASDAQ:NSYS) Can Manage Its Debt Responsibly
Aug 23We Think Some Shareholders May Hesitate To Increase Nortech Systems Incorporated's (NASDAQ:NSYS) CEO Compensation
May 09There's No Escaping Nortech Systems Incorporated's (NASDAQ:NSYS) Muted Earnings Despite A 27% Share Price Rise
Apr 26Nortech Systems' (NASDAQ:NSYS) Promising Earnings May Rest On Soft Foundations
Mar 27Nortech Systems Incorporated's (NASDAQ:NSYS) Share Price Is Matching Sentiment Around Its Earnings
Jan 31Is Nortech Systems (NASDAQ:NSYS) Using Too Much Debt?
Sep 24Nortech Systems GAAP EPS of $0.25, revenue of $32.5M
Aug 10Do Its Financials Have Any Role To Play In Driving Nortech Systems Incorporated's (NASDAQ:NSYS) Stock Up Recently?
Jan 11Nortech Systems -4.3% as CFO buys 14.6K shares
Dec 30Nortech Systems reports Q3 results
Nov 12Nortech Systems names new finance chief
Nov 02Financial Position Analysis
Short Term Liabilities: NSYS's short term assets ($60.3M) exceed its short term liabilities ($23.3M).
Long Term Liabilities: NSYS's short term assets ($60.3M) exceed its long term liabilities ($18.0M).
Debt to Equity History and Analysis
Debt Level: NSYS's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: NSYS's debt to equity ratio has reduced from 82.3% to 26.6% over the past 5 years.
Debt Coverage: NSYS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NSYS's interest payments on its debt are well covered by EBIT (5.9x coverage).