Nortech Property Plant Equipment vs Long Term Debt Analysis

NSYS Stock

USD 10.39 0.28 2.77%

Nortech Systems financial indicator trend analysis is infinitely more than just investigating Nortech Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nortech Systems is a good investment. Please check the relationship between Nortech Systems Property Plant Equipment and its Long Term Debt accounts. 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.

Property Plant Equipment vs Long Term Debt

Property Plant Equipment vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Property Plant Equipment account and Long Term Debt. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Nortech Systems' Property Plant Equipment and Long Term Debt is -0.13. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Nortech Systems Incorporated, assuming nothing else is changed. The correlation between historical values of Nortech Systems' Property Plant Equipment and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Nortech Systems Incorporated are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Property Plant Equipment i.e., Nortech Systems' Property Plant Equipment and Long Term Debt go up and down completely randomly.

Correlation Coefficient

-0.13

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Property Plant Equipment

Long Term Debt

Long-term debt is a debt that Nortech Systems has held for over one year. Long-term debt appears on Nortech Systems Incorporated balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Nortech Systems Incorporated balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Most indicators from Nortech Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

At this time, Nortech Systems' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 8.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	430K	411K	487K	579.0K
Depreciation And Amortization	2.0M	1.9M	2.1M	1.8M

Interest Expense Depreciation And Amortization

Nortech Systems fundamental ratios 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

Click cells to compare fundamentals

Nortech Systems Account Relationship Matchups

Nortech Systems fundamental ratios 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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Nortech Stock Analysis

When running Nortech Systems' price analysis, check to measure Nortech Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC