Nortech Systems Balance Sheet Health
Financial Health criteria checks 6/6
Nortech Systems has a total shareholder equity of $35.3M and total debt of $5.8M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $75.1M and $39.8M respectively. Nortech Systems's EBIT is $6.0M making its interest coverage ratio 12.2. It has cash and short-term investments of $960.0K.
Key information
16.5%
Debt to equity ratio
US$5.82m
Debt
| Interest coverage ratio | 12.2x |
| Cash | US$960.00k |
| Equity | US$35.34m |
| Total liabilities | US$39.78m |
| Total assets | US$75.13m |
Recent financial health updates
Recent updates
Nortech Systems' (NASDAQ:NSYS) Promising Earnings May Rest On Soft Foundations
Mar 27
Nortech 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 ($58.8M) exceed its short term liabilities ($26.6M).
Long Term Liabilities: NSYS's short term assets ($58.8M) exceed its long term liabilities ($13.2M).
Debt to Equity History and Analysis
Debt Level: NSYS's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: NSYS's debt to equity ratio has reduced from 64.8% to 16.5% over the past 5 years.
Debt Coverage: NSYS's debt is well covered by operating cash flow (30.4%).
Interest Coverage: NSYS's interest payments on its debt are well covered by EBIT (12.2x coverage).