Nortech Systems Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1.27	0.92	1.68	2.48	2.23	3.56
Cash & Short-Term Investments	1.27	0.92	1.68	2.48	2.23	3.56
Cash Growth	2.58%	-45.31%	-32.49%	11.51%	-37.57%	440.00%
Accounts Receivable	18.81	14.88	19.28	15.98	14.55	15.63
Other Receivables	15.33	13.79	14.48	12.63	13.91	5.9
Total Trade Receivables	34.14	28.67	33.76	28.61	28.46	21.52
Inventory	18.43	21.64	21.66	22.44	19.43	13.92
Other Current Assets	5.37	4.09	1.7	1.33	1.66	2.03
Total Current Assets	59.21	55.32	58.79	54.86	51.77	41.04
Net Property, Plant & Equipment	12.63	14.37	13.43	14.26	14.82	15.42
Other Intangible Assets	0.16	0.17	0.26	0.42	0.5	1.17
Other Long-Term Assets	2.76	2.58	2.64	-	-	-
Total Assets	74.76	72.44	75.13	69.54	67.09	57.63
Accounts Payable	11.68	11.58	15.92	14.79	12.71	11.24
Accrued Expenses	3.62	3.04	5.2	6.55	7.95	5.75
Short-Term Debt	12.03	-	-	-	-	-
Current Portion of Long-Term Debt	-	0.34	-	-	-	1.2
Current Portion of Leases	1.56	1.32	1.39	1.55	1.64	1.35
Unearned Revenue	4.72	5.14	4.07	3.52	-	-
Total Current Liabilities	33.61	21.43	26.58	26.4	22.31	19.54
Long-Term Debt	-	8.63	5.82	6.85	8.96	9.19
Long-Term Leases	7.51	8.08	6.97	8.11	9.61	10.04
Other Long-Term Liabilities	0.29	0.28	0.41	0.1	0.1	0.15
Total Long-Term Liabilities	7.8	17	13.2	15.06	18.67	19.38
Total Liabilities	41.4	38.43	39.78	41.46	40.98	38.92
Preferred Stock	0.25	0.25	0.25	0.25	0.25	0.25
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-in Capital	17.72	17.33	16.93	16.35	15.96	15.82
Accumulated Other Comprehensive Income	-0.87	-0.98	-0.53	-0.37	0.06	-0.04
Retained Earnings	16.23	17.38	18.67	11.83	9.82	2.66
Shareholders' Equity	33.36	34.01	35.34	28.08	26.11	18.72
Total Liabilities & Equity	74.76	72.44	75.13	69.54	67.09	57.63
Total Debt	21.1	18.38	14.18	16.51	20.21	21.79
Net Cash (Debt)	-19.83	-17.46	-12.5	-14.03	-17.99	-18.22
Net Cash Per Share	-7.04	-6.34	-4.33	-4.85	-6.38	-6.86
Book Value	33.36	34.01	35.34	28.08	26.11	18.72
Book Value Per Share	11.85	12.34	12.25	9.71	9.25	7.04
Tangible Book Value	33.2	33.83	35.08	27.66	25.61	17.55
Tangible Book Value Per Share	11.79	12.28	12.16	9.57	9.08	6.60

Updated Nov 13, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q