Nortech Systems Incorporated (NSYS)

Nortech Systems Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1.27	0.92	0.96	1.03	0.64	0.35
Cash & Short-Term Investments	1.27	0.92	0.96	1.03	0.64	0.35
Cash Growth	2.58%	-4.58%	-6.52%	59.72%	82.67%	0.29%
Accounts Receivable	34.14	28.67	33.76	25.96	23.25	21.52
Other Receivables	-	-	-	2.65	5.21	-
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
Prepaid Expenses	5.37	4.09	1.7	1.33	1.66	2.03
Restricted Cash	-	-	0.72	1.45	1.58	3.21
Total Current Assets	59.21	55.32	58.79	54.86	51.77	41.04
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
Long-Term Deferred Tax 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	3.39	5.2	6.55	7.95	5.75
Current Portion of Long-Term Debt	12.03	-	-	-	-	1.2
Current Portion of Leases	1.56	1.32	1.39	1.55	1.64	1.35
Other Current Liabilities	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
Long-Term Deferred Tax Liabilities	-	0.22	-	-	-	-
Other Long-Term Liabilities	0.29	0.07	0.41	0.1	0.1	0.15
Total Liabilities	41.4	38.43	39.78	41.46	40.98	38.92
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
Retained Earnings	16.23	17.38	18.67	11.83	9.82	2.66
Comprehensive Income & Other	-0.87	-0.98	-0.53	-0.37	0.06	-0.04
Total Common Equity	33.11	33.76	35.09	27.83	25.86	18.47
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	18.04	14.18	16.51	20.21	21.79
Net Cash (Debt)	-19.83	-17.12	-13.22	-15.49	-19.57	-21.43
Net Cash Per Share	-7.16	-6.21	-4.58	-5.36	-6.94	-8.06
Filing Date Shares Outstanding	2.79	2.76	2.74	2.7	2.68	2.66
Total Common Shares Outstanding	2.79	2.76	2.69	2.69	2.67	2.66
Working Capital	25.6	33.89	32.21	28.46	29.47	21.5
Book Value Per Share	11.88	12.23	13.04	10.34	9.68	6.94
Tangible Book Value	32.95	33.58	34.83	27.41	25.36	17.3
Tangible Book Value Per Share	11.83	12.16	12.95	10.19	9.49	6.50
Land	-	0.15	0.15	0.15	0.15	0.18
Buildings	-	6.03	6.04	5.29	4.08	6
Machinery	-	27.33	27.26	25.95	25.83	29.83
Order Backlog	-	65.85	91.68	35.9	36.9	24.3

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q