Nortech Systems Incorporated

NasdaqCM:NSYS Stock Report

Market Cap: US$28.1m

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 ratio5.9x
CashUS$1.24m
EquityUS$35.69m
Total liabilitiesUS$41.28m
Total assetsUS$76.97m

Recent financial health updates

Recent updates

Nortech Systems' (NASDAQ:NSYS) Solid Earnings May Rest On Weak Foundations

Nov 15
Nortech Systems' (NASDAQ:NSYS) Solid Earnings May Rest On Weak Foundations

Nortech Systems Incorporated's (NASDAQ:NSYS) Low P/E No Reason For Excitement

Nov 08
Nortech Systems Incorporated's (NASDAQ:NSYS) Low P/E No Reason For Excitement

Here's Why Nortech Systems (NASDAQ:NSYS) Can Manage Its Debt Responsibly

Aug 23
Here's Why Nortech Systems (NASDAQ:NSYS) Can Manage Its Debt Responsibly

We Think Some Shareholders May Hesitate To Increase Nortech Systems Incorporated's (NASDAQ:NSYS) CEO Compensation

May 09
We Think Some Shareholders May Hesitate To Increase Nortech Systems Incorporated's (NASDAQ:NSYS) CEO Compensation

There's No Escaping Nortech Systems Incorporated's (NASDAQ:NSYS) Muted Earnings Despite A 27% Share Price Rise

Apr 26
There's No Escaping Nortech Systems Incorporated's (NASDAQ:NSYS) Muted Earnings Despite A 27% Share Price Rise

Nortech Systems' (NASDAQ:NSYS) Promising Earnings May Rest On Soft Foundations

Mar 27
Nortech Systems' (NASDAQ:NSYS) Promising Earnings May Rest On Soft Foundations

Nortech Systems Incorporated's (NASDAQ:NSYS) Share Price Is Matching Sentiment Around Its Earnings

Jan 31
Nortech Systems Incorporated's (NASDAQ:NSYS) Share Price Is Matching Sentiment Around Its Earnings

Is Nortech Systems (NASDAQ:NSYS) Using Too Much Debt?

Sep 24
Is Nortech Systems (NASDAQ:NSYS) Using Too Much Debt?

Nortech Systems GAAP EPS of $0.25, revenue of $32.5M

Aug 10

Do Its Financials Have Any Role To Play In Driving Nortech Systems Incorporated's (NASDAQ:NSYS) Stock Up Recently?

Jan 11
Do Its Financials Have Any Role To Play In Driving Nortech Systems Incorporated's (NASDAQ:NSYS) Stock Up Recently?

Nortech Systems -4.3% as CFO buys 14.6K shares

Dec 30

Nortech Systems reports Q3 results

Nov 12

Nortech Systems names new finance chief

Nov 02

Financial 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).


Balance Sheet


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