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 23
Is 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 11
Nortech 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:47 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Nortech Systems Incorporated is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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