Nortech Tax Provision from 2010 to 2024

NSYS Stock  USD 11.20  0.08  0.71%   
Nortech Systems Tax Provision yearly trend continues to be comparatively stable with very little volatility. Tax Provision is likely to outpace its year average in 2024. Tax Provision is the amount set aside by Nortech Systems Incorporated to cover any estimated taxes for the current period. It reflects Nortech Systems' expected tax liabilities. View All Fundamentals
 
Tax Provision  
First Reported
2018-12-31
Previous Quarter
22 K
Current Value
56 K
Quarterly Volatility
562.7 K
 
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' Tax Provision Growth Pattern

Below is the plot of the Tax Provision of Nortech Systems Incorporated over the last few years. It is the amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities. Nortech Systems' Tax Provision 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.
Tax Provision10 Years Trend
Slightly volatile
   Tax Provision   
       Timeline  

Nortech Tax Provision Regression Statistics

Arithmetic Mean323,150
Geometric Mean408,876
Coefficient Of Variation216.05
Mean Deviation551,493
Median310,000
Standard Deviation698,176
Sample Variance487.4B
Range1.8M
R-Value0.93
Mean Square Error71.4B
R-Squared0.86
Slope145,117
Total Sum of Squares6.8T

Nortech Tax Provision History

20241.5 M
20231.4 M
20221.5 M
2021859 K
2020310 K
2019409 K
2018326 K

About Nortech Systems Financial Statements

Nortech Systems shareholders use historical fundamental indicators, such as Tax Provision, 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
Tax Provision1.4 M1.5 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.