Nortech Systems Incorporated (NSYS)

Nortech Systems Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1.24	0.96	1.03	0.64	0.35	0.35
Cash & Short-Term Investments	1.24	0.96	1.03	0.64	0.35	0.35
Cash Growth	77.25%	-6.52%	59.72%	82.67%	0.28%	-26.88%
Accounts Receivable	31.64	33.76	25.96	23.25	21.52	26.22
Other Receivables	-	-	2.65	5.21	-	-
Receivables	31.64	33.76	28.61	28.46	21.52	26.22
Inventory	22.33	21.66	22.44	19.43	13.92	14.28
Prepaid Expenses	5.07	1.7	1.33	1.66	2.03	2.13
Restricted Cash	-	0.72	1.45	1.58	3.21	0.31
Total Current Assets	60.28	58.79	54.86	51.77	41.04	43.28
Property, Plant & Equipment	13.87	13.43	14.26	14.82	15.42	14.41
Goodwill	-	-	-	-	-	2.38
Other Intangible Assets	0.18	0.26	0.42	0.5	1.17	1.34
Long-Term Deferred Tax Assets	2.64	2.64	-	-	-	-
Total Assets	76.97	75.13	69.54	67.09	57.63	61.41
Accounts Payable	12.32	15.92	14.79	12.71	11.24	14.01
Accrued Expenses	4.39	5.2	6.55	7.95	5.75	6.36
Current Portion of Long-Term Debt	-	-	-	-	1.2	0.44
Current Portion of Leases	1.35	1.39	1.55	1.64	1.35	1.42
Other Current Liabilities	5.26	4.07	3.52	-	-	-
Total Current Liabilities	23.32	26.58	26.4	22.31	19.54	22.23
Long-Term Debt	9.51	5.82	6.85	8.96	9.19	13.27
Long-Term Leases	8.03	6.97	8.11	9.61	10.04	5.82
Long-Term Deferred Tax Liabilities	-	0.24	-	-	-	-
Other Long-Term Liabilities	0.42	0.17	0.1	0.1	0.15	0.12
Total Liabilities	41.28	39.78	41.46	40.98	38.92	41.43
Common Stock	0.03	0.03	0.03	0.03	0.03	0.03
Additional Paid-In Capital	17.23	16.93	16.35	15.96	15.82	15.75
Retained Earnings	18.85	18.67	11.83	9.82	2.66	4.21
Comprehensive Income & Other	-0.67	-0.53	-0.37	0.06	-0.04	-0.26
Total Common Equity	35.44	35.09	27.83	25.86	18.47	19.73
Shareholders' Equity	35.69	35.34	28.08	26.11	18.72	19.98
Total Liabilities & Equity	76.97	75.13	69.54	67.09	57.63	61.41
Total Debt	18.89	14.18	16.51	20.21	21.79	20.94
Net Cash (Debt)	-17.65	-13.22	-15.49	-19.57	-21.43	-20.59
Net Cash Per Share	-6.05	-4.58	-5.36	-6.94	-8.06	-7.73
Filing Date Shares Outstanding	2.76	2.74	2.7	2.68	2.66	2.66
Total Common Shares Outstanding	2.76	2.69	2.69	2.67	2.66	2.66
Working Capital	36.96	32.21	28.46	29.47	21.5	21.05
Book Value Per Share	12.86	13.04	10.34	9.68	6.94	7.42
Tangible Book Value	35.26	34.83	27.41	25.36	17.3	16.01
Tangible Book Value Per Share	12.79	12.95	10.19	9.49	6.50	6.02
Land	-	0.15	0.15	0.15	0.18	0.36
Buildings	-	6.04	5.29	4.08	6	9.66
Machinery	-	27.26	25.95	25.83	29.83	29.1
Order Backlog	-	35.1	35.9	36.9	24.3	27.3

Source: S&P Capital IQ. Standard template. Financial Sources.