Nortech Systems Incorporated
NasdaqCM:NSYS Stock Report
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
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
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Third quarter 2024 earnings released: US$0.27 loss per share (vs US$0.44 profit in 3Q 2023) Nov 08
Nortech Systems Incorporated's (NASDAQ:NSYS) Low P/E No Reason For Excitement Nov 08
Nortech Systems Incorporated to Report Q3, 2024 Results on Nov 07, 2024 Oct 24
Here's Why Nortech Systems (NASDAQ:NSYS) Can Manage Its Debt Responsibly Aug 23
Less than half of directors are independent Aug 16
Nortech Systems Incorporated to Report Q2, 2024 Results on Aug 08, 2024 Jul 30
Nortech Systems Incorporated Appoints Debarati Sen as Board of Director Jun 18 Nortech Systems Incorporated (NasdaqCM:NSYS) announces an Equity Buyback for $0.1 million worth of its shares. Jun 13
Investor sentiment deteriorates as stock falls 30% May 21
Nortech Systems Incorporated Approves the Appointment of Debarah Sen as Director May 18
First quarter 2024 earnings released: EPS: US$0.28 (vs US$0.25 in 1Q 2023) May 16
We Think Some Shareholders May Hesitate To Increase Nortech Systems Incorporated's (NASDAQ:NSYS) CEO Compensation May 09
Investor sentiment deteriorates as stock falls 15% May 06
There's No Escaping Nortech Systems Incorporated's (NASDAQ:NSYS) Muted Earnings Despite A 27% Share Price Rise Apr 26
Investor sentiment improves as stock rises 26% Apr 09
Nortech Systems' (NASDAQ:NSYS) Promising Earnings May Rest On Soft Foundations Mar 27
Third quarter 2023 earnings released: EPS: US$0.44 (vs US$0.57 in 3Q 2022) Mar 21
Investor sentiment improves as stock rises 28% Mar 21
Nortech Systems Incorporated to Report Q4, 2023 Results on Mar 20, 2024 Mar 19
Nortech Systems Incorporated's (NASDAQ:NSYS) Share Price Is Matching Sentiment Around Its Earnings Jan 31
Nortech Systems Incorporated Expands Fiber Optic Capabilities with Innovative Expanded Beam Xtreme Technology Jan 26 Nortech Systems Incorporated, Annual General Meeting, May 15, 2024 Nortech Systems, Inc. Names Andrew LaFrence as Senior Vice President of Finance
Third quarter 2023 earnings released: EPS: US$0.44 (vs US$0.57 in 3Q 2022) Nov 10
Nortech Systems Incorporated Elects Two New Members to Board of Directors Nov 03
Nortech Systems Incorporated to Report Q3, 2023 Results on Nov 08, 2023 Oct 14
New minor risk - Shareholder dilution Aug 11
Second quarter 2023 earnings released: EPS: US$0.23 (vs US$0.27 in 2Q 2022) Aug 10
Nortech Systems Incorporated to Report Q2, 2023 Results on Aug 09, 2023 Jul 25
Investor sentiment deteriorates as stock falls 16% Jun 24 Nortech Systems Incorporated Announces Chief Financial Officer Changes
Less than half of directors are independent May 15
First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.051 in 1Q 2022) May 11
Full year 2022 earnings released: EPS: US$0.75 (vs US$2.69 in FY 2021) Mar 19
Investor sentiment deteriorates as stock falls 19% Mar 13
Investor sentiment deteriorated over the past week Dec 12
Third quarter 2022 earnings released: EPS: US$0.57 (vs US$1.33 in 3Q 2021) Nov 10
Investor sentiment improved over the past week Nov 07
Is Nortech Systems (NASDAQ:NSYS) Using Too Much Debt? Sep 24
Investor sentiment improved over the past week Aug 17
Second quarter 2022 earnings released: EPS: US$0.27 (vs US$0.067 in 2Q 2021) Aug 11
Nortech Systems GAAP EPS of $0.25, revenue of $32.5M Aug 10
Nortech Systems Incorporated to Report Q2, 2022 Results on Aug 10, 2022 Jul 20
Investor sentiment improved over the past week Jul 14
Investor sentiment improved over the past week Jun 30
Nortech Systems Incorporated Announces David Graff as Board Member May 13
First quarter 2022 earnings released: EPS: US$0.051 (vs US$0.58 loss in 1Q 2021) May 12
Investor sentiment improved over the past week Apr 19
Nortech Systems Incorporated, Annual General Meeting, May 11, 2022 Apr 02
Third quarter 2021 earnings released: EPS US$1.33 (vs US$0.74 in 3Q 2020) Nov 12
Second quarter 2021 earnings released: EPS US$0.067 (vs US$0.046 loss in 2Q 2020) Aug 14
Independent Director has left the company May 18
First quarter 2021 earnings released: US$0.58 loss per share (vs US$0.052 profit in 1Q 2020) May 15
Full year 2020 earnings released: US$0.58 loss per share (vs US$0.46 loss in FY 2019) Mar 25
Nortech Systems Incorporated Reports Loss on Impairment of Goodwill for the Fourth Quarter Ended December 31, 2020 Mar 25
Nortech Systems, Incorporated Announces Board and Committee Changes Mar 14
New 90-day high: US$8.65 Feb 09
Investor sentiment improved over the past week Feb 06
New 90-day high: US$8.42 Jan 14
Investor sentiment improved over the past week Jan 13
Do Its Financials Have Any Role To Play In Driving Nortech Systems Incorporated's (NASDAQ:NSYS) Stock Up Recently? Jan 11
Investor sentiment deteriorated over the past week Jan 06
Nortech Systems -4.3% as CFO buys 14.6K shares Dec 30
Investor sentiment improved over the past week Dec 28
Investor sentiment improved over the past week Dec 24
New 90-day high: US$5.04 Dec 17
Nortech Systems Incorporated Announces Board Changes Dec 13
Third quarter 2020 earnings released: EPS US$0.73 Nov 13
Nortech Systems reports Q3 results Nov 12 Nortech Systems Incorporated Names Christopher D. Jones as CFO
Nortech Systems names new finance chief Nov 02 Essjay Investment Company, LLC entered into an agreement to acquire Manufacturing Facilities in Bemidji and Mankato, Minnesota from Nortech Systems Incorporated (NasdaqCM:NSYS) for $6.3 million. Nortech Systems Incorporated to Close its Merrifield, Minnesota, Production Facility
New 90-day high - US$4.61 Jul 24
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).
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