Nortech Short Long Term Debt vs Total Stockholder Equity Analysis

NSYS Stock

USD 10.42 0.03 0.29%

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 Short Long Term Debt and its Total Stockholder Equity 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.

Short Long Term Debt vs Total Stockholder Equity

Short Long Term Debt vs Total Stockholder Equity Correlation Analysis

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

The correlation between Nortech Systems' Short Long Term Debt and Total Stockholder Equity is 0.34. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Total Stockholder Equity 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' Short Long Term Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Nortech Systems Incorporated are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Short Long Term Debt i.e., Nortech Systems' Short Long Term Debt and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.34

Relationship Direction	Positive
Relationship Strength	Very Weak

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Short Long Term Debt

The total of a company's short-term and long-term borrowings.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

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

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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

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