Nortech Non Current Liabilities Total vs Net Debt Analysis

NSYS Stock  USD 11.20  0.08  0.71%   
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 Non Current Liabilities Total and its Net 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.

Non Current Liabilities Total vs Net Debt

Non Current Liabilities Total vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Non Current Liabilities Total account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Nortech Systems' Non Current Liabilities Total and Net Debt is 0.86. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Net 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' Non Current Liabilities Total and Net 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 Non Current Liabilities Total of Nortech Systems Incorporated are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Non Current Liabilities Total i.e., Nortech Systems' Non Current Liabilities Total and Net Debt go up and down completely randomly.

Correlation Coefficient

0.86
Relationship DirectionPositive 
Relationship StrengthStrong

Non Current Liabilities Total

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
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 Expense430K411K487K579.0K
Depreciation And Amortization2.0M1.9M2.1M1.8M

Nortech Systems fundamental ratios Correlations

0.830.740.790.90.850.810.660.90.360.89-0.440.170.780.830.670.820.540.840.960.99-0.080.060.370.810.68
0.830.830.470.560.880.990.370.690.230.89-0.76-0.040.650.610.880.530.750.680.920.77-0.160.210.180.720.35
0.740.830.490.460.720.790.250.760.280.78-0.59-0.120.530.510.770.540.50.510.850.7-0.350.46-0.020.570.14
0.790.470.490.80.540.450.590.830.160.61-0.080.40.620.770.130.810.080.740.70.810.32-0.080.310.740.65
0.90.560.460.80.710.540.770.740.320.69-0.160.330.70.870.360.890.30.830.750.930.11-0.230.460.760.81
0.850.880.720.540.710.890.480.660.090.88-0.57-0.050.590.70.730.680.640.750.850.8-0.040.10.20.770.5
0.810.990.790.450.540.890.360.660.170.87-0.77-0.060.620.610.860.520.750.680.890.75-0.110.170.160.720.35
0.660.370.250.590.770.480.360.510.60.46-0.020.540.880.850.220.680.220.830.520.690.09-0.340.790.640.88
0.90.690.760.830.740.660.660.510.30.83-0.270.080.70.690.560.730.370.710.910.88-0.150.290.190.720.56
0.360.230.280.160.320.090.170.60.30.19-0.290.560.70.290.360.110.380.260.350.4-0.33-0.080.690.010.34
0.890.890.780.610.690.880.870.460.830.19-0.5-0.110.630.670.780.660.550.740.930.82-0.240.380.190.760.54
-0.44-0.76-0.59-0.08-0.16-0.57-0.77-0.02-0.27-0.29-0.5-0.02-0.36-0.13-0.74-0.03-0.77-0.17-0.58-0.410.18-0.07-0.09-0.180.14
0.17-0.04-0.120.40.33-0.05-0.060.540.080.56-0.11-0.020.430.38-0.260.210.060.320.060.260.57-0.630.520.140.39
0.780.650.530.620.70.590.620.880.70.70.63-0.360.430.760.530.560.490.790.760.8-0.11-0.130.730.640.73
0.830.610.510.770.870.70.610.850.690.290.67-0.130.380.760.340.930.250.970.720.840.23-0.230.460.920.82
0.670.880.770.130.360.730.860.220.560.360.78-0.74-0.260.530.340.280.820.420.80.6-0.540.40.110.420.18
0.820.530.540.810.890.680.520.680.730.110.66-0.030.210.560.930.280.140.870.690.840.2-0.090.240.870.71
0.540.750.50.080.30.640.750.220.370.380.55-0.770.060.490.250.820.140.330.640.51-0.160.10.220.280.17
0.840.680.510.740.830.750.680.830.710.260.74-0.170.320.790.970.420.870.330.760.830.2-0.180.430.950.85
0.960.920.850.70.750.850.890.520.910.350.93-0.580.060.760.720.80.690.640.760.93-0.190.240.270.760.52
0.990.770.70.810.930.80.750.690.880.40.82-0.410.260.80.840.60.840.510.830.93-0.03-0.040.410.790.69
-0.08-0.16-0.350.320.11-0.04-0.110.09-0.15-0.33-0.240.180.57-0.110.23-0.540.2-0.160.2-0.19-0.03-0.63-0.020.230.17
0.060.210.46-0.08-0.230.10.17-0.340.29-0.080.38-0.07-0.63-0.13-0.230.4-0.090.1-0.180.24-0.04-0.63-0.35-0.07-0.25
0.370.18-0.020.310.460.20.160.790.190.690.19-0.090.520.730.460.110.240.220.430.270.41-0.02-0.350.20.61
0.810.720.570.740.760.770.720.640.720.010.76-0.180.140.640.920.420.870.280.950.760.790.23-0.070.20.72
0.680.350.140.650.810.50.350.880.560.340.540.140.390.730.820.180.710.170.850.520.690.17-0.250.610.72
Click cells to compare fundamentals

Nortech Systems Account Relationship Matchups

Nortech Systems fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets61.4M57.6M67.1M69.5M75.1M45.4M
Short Long Term Debt Total20.6M21.8M20.2M18.1M14.2M13.1M
Other Current Liab6.8M5.7M6.3M8.5M3.5M3.6M
Total Current Liabilities22.2M11.2M22.3M23.0M26.6M16.7M
Total Stockholder Equity20.0M18.7M26.1M28.1M35.3M18.6M
Property Plant And Equipment Net14.4M15.4M14.8M14.3M13.4M9.8M
Net Debt20.3M21.4M19.6M17.0M13.2M12.5M
Retained Earnings4.2M2.7M9.8M11.8M18.7M19.6M
Accounts Payable14.0M11.2M12.7M14.8M15.9M9.3M
Cash351K352K643K1.0M960K1.0M
Non Current Assets Total18.1M16.6M15.3M14.7M16.3M11.3M
Non Currrent Assets Other(18.1M)(16.6M)(15.3M)(14.7M)(1.0)(1.05)
Cash And Short Term Investments351K352K643K1.0M960K1.0M
Net Receivables26.2M21.5M28.5M28.6M33.8M35.4M
Common Stock Shares Outstanding2.7M2.7M2.8M2.9M2.9M2.9M
Liabilities And Stockholders Equity61.4M57.6M67.1M69.5M75.1M45.4M
Non Current Liabilities Total19.2M27.7M18.7M18.5M13.2M10.0M
Inventory14.3M13.9M19.4M22.4M21.7M15.9M
Other Current Assets2.1M5.2M3.2M2.8M2.4M1.6M
Other Stockholder Equity15.7M15.8M16.0M16.3M16.9M16.9M
Total Liab41.4M38.9M41.0M41.5M39.8M26.8M
Total Current Assets43.3M41.0M51.8M54.9M58.8M34.0M
Short Term Debt1.4M2.6M3.3M3.1M2.8M3.8M
Intangible Assets1.3M1.2M501K422K263K249.9K
Property Plant And Equipment Gross14.4M6.4M39.0M14.3M40.4M42.4M
Accumulated Other Comprehensive Income(257K)(37K)56K(370K)(532K)(558.6K)
Long Term Debt13.3M9.2M9.0M6.9M5.8M8.0M
Property Plant Equipment9.6M15.4M14.8M14.3M16.4M10.4M
Other Liab118K146K104K95K109.3K103.8K
Net Tangible Assets16.0M17.3M25.4M27.4M31.5M21.8M
Retained Earnings Total Equity3.9M5.4M4.2M2.7M2.4M4.1M
Long Term Debt Total14.1M13.8M13.3M9.2M10.6M10.6M
Capital Surpluse15.8M15.6M15.7M15.8M18.2M17.3M
Non Current Liabilities Other5.9M146K104K95K414K802.5K

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