Nortech Systems Incorporated
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Nortech Systems Incorporated's balance sheet done over the years? Its assets were worth $75,127,000 last year, which is more than in the previous period. 53% of Nortech Systems Incorporated’s total assets is currently financed by debt. Its liabilities reached the amount of $39,783,000, which means an decrease by -4% compared compared to last year.
Debt to Assets
| 2014 | 48686312 | 25.85M | 53.11% |
|---|---|---|---|
| 2015 | 56565087 | 34.29M | 60.63% |
| 2016 | 55516515 | 33.20M | 59.81% |
| 2017 | 52085475 | 32.25M | 61.94% |
| 2018 | 59960000 | 38.87M | 64.83% |
| 2019 | 61410000 | 41.43M | 67.47% |
| 2020 | 57634000 | 38.91M | 67.52% |
| 2021 | 67091000 | 40.98M | 61.08% |
| 2022 | 69540000 | 41.46M | 59.62% |
| 2023 | 75127000 | 39.78M | 52.95% |
NSYS Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 960K | 1.02M | 643K | 352K | 351K | 480K | 472.88K | 268.20K | 887 | 66.37K |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 33.76M | 28.60M | 28.45M | 21.52M | 26.21M | 26.52M | 17.64M | 17.51M | 18.73M | 17.83M |
Inventory | 21.66M | 22.43M | 19.43M | 13.91M | 14.27M | 17.00M | 18.52M | 20.65M | 20.18M | 18.52M |
Other current assets | 2.41M | 1.33M | 1.66M | 2.03M | 2.12M | 1.38M | 815.04K | 1.04M | 1.45M | 1.25M |
Total current assets | 58.79M | 54.85M | 51.77M | 41.03M | 43.28M | 45.85M | 37.76M | 39.48M | 40.37M | 37.68M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 13.43M | 14.25M | 14.81M | 15.42M | 14.40M | 10.20M | 10.20M | 10.33M | 16.19M | 11.00M |
Goodwill | 0 | 0 | 0 | 0 | 2.37M | 2.37M | 2.37M | 3.28M | 3.28M | 75.00K |
Intangible assets | 263K | 422K | 501K | 1.17M | 1.34M | 1.52M | 1.73M | 1.86M | 2.05M | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | -28.44K | 0 | -5.68M | 0 |
Other non-current assets | 0 | -14.68M | -15.31M | -16.59M | -18.12M | 0 | 7.72K | 7.72K | 7.72K | -75.00K |
Total non-current assets | 16.33M | 14.68M | 15.31M | 16.59M | 18.12M | 14.10M | 14.31M | 16.02M | 16.19M | 11.00M |
Total assets | 75.12M | 69.54M | 67.09M | 57.63M | 61.41M | 59.96M | 52.08M | 55.51M | 56.56M | 48.68M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 4.06M | 3.40M | 0 | 0 | 0 | -1.11M | -1.29M | 0 | -1.49M | 1 |
Short term debt | 2.77M | 1.54M | 1.64M | 2.55M | 1.41M | 1.11M | 1.29M | 1.56M | 1.49M | 732.83K |
Total current liabilities | 26.58M | 23.00M | 22.30M | 11.23M | 22.23M | 24.89M | 18.04M | 20.30M | 19.67M | 13.36M |
| Non-current liabilities: | ||||||||||
Long term debt | 12.78M | 16.51M | 18.57M | 21.78M | 19.20M | 13.97M | 14.07M | 12.20M | 13.64M | 12.07M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 414K | 1.94M | 104K | 5.89M | 0 | 0 | 137.54K | -202.80K | 975.61K | 268.4K |
Total non-current liabilities | 13.20M | 18.45M | 18.67M | 27.67M | 19.20M | 13.97M | 14.21M | 12.89M | 14.62M | 12.48M |
Total liabilities | 39.78M | 41.46M | 40.98M | 38.91M | 41.43M | 38.87M | 32.25M | 33.20M | 34.29M | 25.85M |
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