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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1.16	0.92	0.96	1.03	0.64	0.35
Cash & Short-Term Investments	1.16	0.92	0.96	1.03	0.64	0.35
Cash Growth	-71.15%	-4.58%	-6.52%	59.72%	82.67%	0.29%
Accounts Receivable	29.07	28.67	33.76	25.96	23.25	21.52
Other Receivables	-	-	-	2.65	5.21	-
Receivables	29.07	28.67	33.76	28.61	28.46	21.52
Inventory	20.91	21.64	21.66	22.44	19.43	13.92
Prepaid Expenses	5.67	4.09	1.7	1.33	1.66	2.03
Restricted Cash	-	-	0.72	1.45	1.58	3.21
Total Current Assets	57.32	55.32	58.79	54.86	51.77	41.04
Property, Plant & Equipment	13.41	14.37	13.43	14.26	14.82	15.42
Other Intangible Assets	0.17	0.17	0.26	0.42	0.5	1.17
Long-Term Deferred Tax Assets	2.58	2.58	2.64	-	-	-
Other Long-Term Assets	0.06	-	-	-	-	-
Total Assets	73.53	72.44	75.13	69.54	67.09	57.63
Accounts Payable	10.63	11.58	15.92	14.79	12.71	11.24
Accrued Expenses	3.76	3.39	5.2	6.55	7.95	5.75
Current Portion of Long-Term Debt	-	-	-	-	-	1.2
Current Portion of Leases	1.31	1.32	1.39	1.55	1.64	1.35
Other Current Liabilities	5.03	5.14	4.07	3.52	-	-
Total Current Liabilities	20.72	21.43	26.58	26.4	22.31	19.54
Long-Term Debt	11.96	8.63	5.82	6.85	8.96	9.19
Long-Term Leases	7.74	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	40.7	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	17.47	17.33	16.93	16.35	15.96	15.82
Retained Earnings	16.06	17.38	18.67	11.83	9.82	2.66
Comprehensive Income & Other	-0.97	-0.98	-0.53	-0.37	0.06	-0.04
Total Common Equity	32.58	33.76	35.09	27.83	25.86	18.47
Shareholders' Equity	32.83	34.01	35.34	28.08	26.11	18.72
Total Liabilities & Equity	73.53	72.44	75.13	69.54	67.09	57.63
Total Debt	21.01	18.04	14.18	16.51	20.21	21.79
Net Cash (Debt)	-19.84	-17.12	-13.22	-15.49	-19.57	-21.43
Net Cash Per Share	-7.19	-6.21	-4.58	-5.36	-6.94	-8.06
Filing Date Shares Outstanding	2.76	2.76	2.74	2.7	2.68	2.66
Total Common Shares Outstanding	2.76	2.76	2.69	2.69	2.67	2.66
Working Capital	36.61	33.89	32.21	28.46	29.47	21.5
Book Value Per Share	11.80	12.23	13.04	10.34	9.68	6.94
Tangible Book Value	32.41	33.58	34.83	27.41	25.36	17.3
Tangible Book Value Per Share	11.74	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 Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q