Nortech Systems Balance Sheet Health
Financial Health criteria checks 6/6
Nortech Systems has a total shareholder equity of $36.0M and total debt of $6.2M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are $75.5M and $39.4M respectively. Nortech Systems's EBIT is $6.1M making its interest coverage ratio 11.1. It has cash and short-term investments of $4.0M.
Key information
17.1%
Debt to equity ratio
US$6.17m
Debt
| Interest coverage ratio | 11.1x |
| Cash | US$4.03m |
| Equity | US$36.01m |
| Total liabilities | US$39.45m |
| Total assets | US$75.45m |
Recent financial health updates
Recent updates
We Think Some Shareholders May Hesitate To Increase Nortech Systems Incorporated's (NASDAQ:NSYS) CEO Compensation
May 09
There'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 ($59.1M) exceed its short term liabilities ($25.7M).
Long Term Liabilities: NSYS's short term assets ($59.1M) exceed its long term liabilities ($13.7M).
Debt to Equity History and Analysis
Debt Level: NSYS's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: NSYS's debt to equity ratio has reduced from 73.5% to 17.1% over the past 5 years.
Debt Coverage: NSYS's debt is well covered by operating cash flow (46.7%).
Interest Coverage: NSYS's interest payments on its debt are well covered by EBIT (11.1x coverage).