Nortech Other Current Assets from 2010 to 2024

NSYS Stock  USD 11.20  0.08  0.71%   
Nortech Systems Other Current Assets yearly trend continues to be comparatively stable with very little volatility. Other Current Assets will likely drop to about 1.6 M in 2024. Other Current Assets is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. View All Fundamentals
 
Other Current Assets  
First Reported
1993-06-30
Previous Quarter
2.3 M
Current Value
5.1 M
Quarterly Volatility
M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nortech Systems financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nortech Systems' main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.8 M, Interest Expense of 579 K or Total Revenue of 92.6 M, as well as many indicators such as Price To Sales Ratio of 0.26, Dividend Yield of 0.0 or PTB Ratio of 1.12. Nortech financial statements analysis is a perfect complement when working with Nortech Systems Valuation or Volatility modules.
  
Check out the analysis of Nortech Systems Correlation against competitors.

Latest Nortech Systems' Other Current Assets Growth Pattern

Below is the plot of the Other Current Assets of Nortech Systems Incorporated over the last few years. It is assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories. Nortech Systems' Other Current Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nortech Systems' overall financial position and show how it may be relating to other accounts over time.
Other Current Assets10 Years Trend
Slightly volatile
   Other Current Assets   
       Timeline  

Nortech Other Current Assets Regression Statistics

Arithmetic Mean1,771,010
Geometric Mean1,428,798
Coefficient Of Variation71.51
Mean Deviation927,993
Median1,381,000
Standard Deviation1,266,521
Sample Variance1.6T
Range4.7M
R-Value0.63
Mean Square Error1T
R-Squared0.40
Significance0.01
Slope178,758
Total Sum of Squares22.5T

Nortech Other Current Assets History

20241.6 M
20232.4 M
20222.8 M
20213.2 M
20205.2 M
20192.1 M
20181.4 M

About Nortech Systems Financial Statements

Nortech Systems shareholders use historical fundamental indicators, such as Other Current Assets, to determine how well the company is positioned to perform in the future. Although Nortech Systems investors may analyze each financial statement separately, they are all interrelated. The changes in Nortech Systems' assets and liabilities, for example, are also reflected in the revenues and expenses on on Nortech Systems' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Other Current Assets2.4 M1.6 M

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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.