Nortech Historical Balance Sheet

NSYS Stock

USD 10.11 0.31 2.98%

Trend analysis of Nortech Systems Incorporated balance sheet accounts such as Total Current Liabilities of 16.7 M provides information on Nortech Systems' total assets, liabilities, and equity, which is the actual value of Nortech Systems to its prevalent stockholders. By breaking down trends over time using Nortech Systems balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Nortech Systems latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Nortech Systems is a good buy for the upcoming year.

Nortech Systems Inventory

15.88 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

About Nortech Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Nortech Systems at a specified time, usually calculated after every quarter, six months, or one year. Nortech Systems Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Nortech Systems and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Nortech currently owns. An asset can also be divided into two categories, current and non-current.

Nortech Systems Balance Sheet Chart

At this time, Nortech Systems' Long Term Debt is comparatively stable compared to the past year. Current Deferred Revenue is likely to gain to about 4.3 M in 2024, whereas Short and Long Term Debt Total is likely to drop slightly above 13.1 M in 2024.

Total Assets Short Long Term Debt Total Other Current Liab Total Current Liabilities Accumulated Other Comprehensive Income Current Deferred Revenue

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Total Assets

Total assets refers to the total amount of Nortech Systems assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Nortech Systems books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Nortech Systems balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Nortech Systems Incorporated are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Accumulated Other Comprehensive Income

Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most accounts from Nortech Systems' balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Nortech Systems current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

	2021	2022	2023	2024 (projected)
Short and Long Term Debt Total	20.2M	18.1M	14.2M	13.1M
Total Assets	67.1M	69.5M	75.1M	45.4M

Short Long Term Debt Total Total Assets

Nortech Systems balance sheet Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Property Plant And Equipment Gross	Common Stock	Common Stock Total Equity
Total Assets		0.83	0.74	0.79	0.9	0.85	0.81	0.66	0.9	0.36	0.89	-0.44	0.17	0.78	0.83	0.67	0.82	0.54	0.84	0.96	0.99	-0.08	0.06	0.37	0.81	0.68
Short Long Term Debt Total	0.83		0.83	0.47	0.56	0.88	0.99	0.37	0.69	0.23	0.89	-0.76	-0.04	0.65	0.61	0.88	0.53	0.75	0.68	0.92	0.77	-0.16	0.21	0.18	0.72	0.35
Other Current Liab	0.74	0.83		0.49	0.46	0.72	0.79	0.25	0.76	0.28	0.78	-0.59	-0.12	0.53	0.51	0.77	0.54	0.5	0.51	0.85	0.7	-0.35	0.46	-0.02	0.57	0.14
Total Current Liabilities	0.79	0.47	0.49		0.8	0.54	0.45	0.59	0.83	0.16	0.61	-0.08	0.4	0.62	0.77	0.13	0.81	0.08	0.74	0.7	0.81	0.32	-0.08	0.31	0.74	0.65
Total Stockholder Equity	0.9	0.56	0.46	0.8		0.71	0.54	0.77	0.74	0.32	0.69	-0.16	0.33	0.7	0.87	0.36	0.89	0.3	0.83	0.75	0.93	0.11	-0.23	0.46	0.76	0.81
Property Plant And Equipment Net	0.85	0.88	0.72	0.54	0.71		0.89	0.48	0.66	0.09	0.88	-0.57	-0.05	0.59	0.7	0.73	0.68	0.64	0.75	0.85	0.8	-0.04	0.1	0.2	0.77	0.5
Net Debt	0.81	0.99	0.79	0.45	0.54	0.89		0.36	0.66	0.17	0.87	-0.77	-0.06	0.62	0.61	0.86	0.52	0.75	0.68	0.89	0.75	-0.11	0.17	0.16	0.72	0.35
Retained Earnings	0.66	0.37	0.25	0.59	0.77	0.48	0.36		0.51	0.6	0.46	-0.02	0.54	0.88	0.85	0.22	0.68	0.22	0.83	0.52	0.69	0.09	-0.34	0.79	0.64	0.88
Accounts Payable	0.9	0.69	0.76	0.83	0.74	0.66	0.66	0.51		0.3	0.83	-0.27	0.08	0.7	0.69	0.56	0.73	0.37	0.71	0.91	0.88	-0.15	0.29	0.19	0.72	0.56
Cash	0.36	0.23	0.28	0.16	0.32	0.09	0.17	0.6	0.3		0.19	-0.29	0.56	0.7	0.29	0.36	0.11	0.38	0.26	0.35	0.4	-0.33	-0.08	0.69	0.01	0.34
Non Current Assets Total	0.89	0.89	0.78	0.61	0.69	0.88	0.87	0.46	0.83	0.19		-0.5	-0.11	0.63	0.67	0.78	0.66	0.55	0.74	0.93	0.82	-0.24	0.38	0.19	0.76	0.54
Non Currrent Assets Other	-0.44	-0.76	-0.59	-0.08	-0.16	-0.57	-0.77	-0.02	-0.27	-0.29	-0.5		-0.02	-0.36	-0.13	-0.74	-0.03	-0.77	-0.17	-0.58	-0.41	0.18	-0.07	-0.09	-0.18	0.14
Cash And Short Term Investments	0.17	-0.04	-0.12	0.4	0.33	-0.05	-0.06	0.54	0.08	0.56	-0.11	-0.02		0.43	0.38	-0.26	0.21	0.06	0.32	0.06	0.26	0.57	-0.63	0.52	0.14	0.39
Net Receivables	0.78	0.65	0.53	0.62	0.7	0.59	0.62	0.88	0.7	0.7	0.63	-0.36	0.43		0.76	0.53	0.56	0.49	0.79	0.76	0.8	-0.11	-0.13	0.73	0.64	0.73
Common Stock Shares Outstanding	0.83	0.61	0.51	0.77	0.87	0.7	0.61	0.85	0.69	0.29	0.67	-0.13	0.38	0.76		0.34	0.93	0.25	0.97	0.72	0.84	0.23	-0.23	0.46	0.92	0.82
Non Current Liabilities Total	0.67	0.88	0.77	0.13	0.36	0.73	0.86	0.22	0.56	0.36	0.78	-0.74	-0.26	0.53	0.34		0.28	0.82	0.42	0.8	0.6	-0.54	0.4	0.11	0.42	0.18
Inventory	0.82	0.53	0.54	0.81	0.89	0.68	0.52	0.68	0.73	0.11	0.66	-0.03	0.21	0.56	0.93	0.28		0.14	0.87	0.69	0.84	0.2	-0.09	0.24	0.87	0.71
Other Current Assets	0.54	0.75	0.5	0.08	0.3	0.64	0.75	0.22	0.37	0.38	0.55	-0.77	0.06	0.49	0.25	0.82	0.14		0.33	0.64	0.51	-0.16	0.1	0.22	0.28	0.17
Other Stockholder Equity	0.84	0.68	0.51	0.74	0.83	0.75	0.68	0.83	0.71	0.26	0.74	-0.17	0.32	0.79	0.97	0.42	0.87	0.33		0.76	0.83	0.2	-0.18	0.43	0.95	0.85
Total Liab	0.96	0.92	0.85	0.7	0.75	0.85	0.89	0.52	0.91	0.35	0.93	-0.58	0.06	0.76	0.72	0.8	0.69	0.64	0.76		0.93	-0.19	0.24	0.27	0.76	0.52
Total Current Assets	0.99	0.77	0.7	0.81	0.93	0.8	0.75	0.69	0.88	0.4	0.82	-0.41	0.26	0.8	0.84	0.6	0.84	0.51	0.83	0.93		-0.03	-0.04	0.41	0.79	0.69
Short Term Debt	-0.08	-0.16	-0.35	0.32	0.11	-0.04	-0.11	0.09	-0.15	-0.33	-0.24	0.18	0.57	-0.11	0.23	-0.54	0.2	-0.16	0.2	-0.19	-0.03		-0.63	-0.02	0.23	0.17
Intangible Assets	0.06	0.21	0.46	-0.08	-0.23	0.1	0.17	-0.34	0.29	-0.08	0.38	-0.07	-0.63	-0.13	-0.23	0.4	-0.09	0.1	-0.18	0.24	-0.04	-0.63		-0.35	-0.07	-0.25
Property Plant And Equipment Gross	0.37	0.18	-0.02	0.31	0.46	0.2	0.16	0.79	0.19	0.69	0.19	-0.09	0.52	0.73	0.46	0.11	0.24	0.22	0.43	0.27	0.41	-0.02	-0.35		0.2	0.61
Common Stock	0.81	0.72	0.57	0.74	0.76	0.77	0.72	0.64	0.72	0.01	0.76	-0.18	0.14	0.64	0.92	0.42	0.87	0.28	0.95	0.76	0.79	0.23	-0.07	0.2		0.72
Common Stock Total Equity	0.68	0.35	0.14	0.65	0.81	0.5	0.35	0.88	0.56	0.34	0.54	0.14	0.39	0.73	0.82	0.18	0.71	0.17	0.85	0.52	0.69	0.17	-0.25	0.61	0.72

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Nortech Systems Account Relationship Matchups

Nortech Systems balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	61.4M	57.6M	67.1M	69.5M	75.1M	45.4M
Short Long Term Debt Total	20.6M	21.8M	20.2M	18.1M	14.2M	13.1M
Other Current Liab	6.8M	5.7M	6.3M	8.5M	3.5M	3.6M
Total Current Liabilities	22.2M	11.2M	22.3M	23.0M	26.6M	16.7M
Total Stockholder Equity	20.0M	18.7M	26.1M	28.1M	35.3M	18.6M
Property Plant And Equipment Net	14.4M	15.4M	14.8M	14.3M	13.4M	9.8M
Net Debt	20.3M	21.4M	19.6M	17.0M	13.2M	12.5M
Retained Earnings	4.2M	2.7M	9.8M	11.8M	18.7M	19.6M
Accounts Payable	14.0M	11.2M	12.7M	14.8M	15.9M	9.3M
Cash	351K	352K	643K	1.0M	960K	1.0M
Non Current Assets Total	18.1M	16.6M	15.3M	14.7M	16.3M	11.3M
Non Currrent Assets Other	(18.1M)	(16.6M)	(15.3M)	(14.7M)	(1.0)	(1.05)
Cash And Short Term Investments	351K	352K	643K	1.0M	960K	1.0M
Net Receivables	26.2M	21.5M	28.5M	28.6M	33.8M	35.4M
Common Stock Shares Outstanding	2.7M	2.7M	2.8M	2.9M	2.9M	2.9M
Liabilities And Stockholders Equity	61.4M	57.6M	67.1M	69.5M	75.1M	45.4M
Non Current Liabilities Total	19.2M	27.7M	18.7M	18.5M	13.2M	10.0M
Inventory	14.3M	13.9M	19.4M	22.4M	21.7M	15.9M
Other Current Assets	2.1M	5.2M	3.2M	2.8M	2.4M	1.6M
Other Stockholder Equity	15.7M	15.8M	16.0M	16.3M	16.9M	16.9M
Total Liab	41.4M	38.9M	41.0M	41.5M	39.8M	26.8M
Total Current Assets	43.3M	41.0M	51.8M	54.9M	58.8M	34.0M
Short Term Debt	1.4M	2.6M	3.3M	3.1M	2.8M	3.8M
Intangible Assets	1.3M	1.2M	501K	422K	263K	249.9K
Property Plant And Equipment Gross	14.4M	6.4M	39.0M	14.3M	40.4M	42.4M
Accumulated Other Comprehensive Income	(257K)	(37K)	56K	(370K)	(532K)	(558.6K)
Long Term Debt	13.3M	9.2M	9.0M	6.9M	5.8M	8.0M
Property Plant Equipment	9.6M	15.4M	14.8M	14.3M	16.4M	10.4M
Other Liab	118K	146K	104K	95K	109.3K	103.8K
Net Tangible Assets	16.0M	17.3M	25.4M	27.4M	31.5M	21.8M
Retained Earnings Total Equity	3.9M	5.4M	4.2M	2.7M	2.4M	4.1M
Long Term Debt Total	14.1M	13.8M	13.3M	9.2M	10.6M	10.6M
Capital Surpluse	15.8M	15.6M	15.7M	15.8M	18.2M	17.3M
Non Current Liabilities Other	5.9M	146K	104K	95K	414K	802.5K

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Nortech Historical Balance Sheet

Nortech Systems Inventory

15.88 Million

About Nortech Balance Sheet Analysis

Nortech Systems Balance Sheet Chart

Total Assets

Total Current Liabilities

Accumulated Other Comprehensive Income

Current Deferred Revenue

Nortech Systems balance sheet Correlations

Nortech Systems Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Nortech Systems balance sheet Accounts

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Total Current Assets	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Other Stockholder Equity	+ 0.97	Common Stock Shares Outstanding
Total Liab	+ 0.96	Total Assets
Common Stock	+ 0.95	Other Stockholder Equity
Total Current Assets	+ 0.93	Total Stockholder Equity

Other Current Assets	- 0.77	Non Currrent Assets Other
Non Currrent Assets Other	- 0.77	Net Debt
Non Currrent Assets Other	- 0.76	Short Long Term Debt Total
Non Current Liabilities Total	- 0.74	Non Currrent Assets Other
Intangible Assets	- 0.63	Short Term Debt
Intangible Assets	- 0.63	Cash And Short Term Investments