Nortech Common Stock Total Equity vs Cash Analysis

NSYS Stock

USD 11.99 0.73 6.48%

Nortech Systems financial indicator trend analysis is infinitely more than just investigating Nortech Systems recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Nortech Systems is a good investment. Please check the relationship between Nortech Systems Common Stock Total Equity and its Cash accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Common Stock Total Equity vs Cash

Common Stock Total Equity vs Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Common Stock Total Equity account and Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Nortech Systems' Common Stock Total Equity and Cash is 0.54. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Nortech Systems Incorporated, assuming nothing else is changed. The correlation between historical values of Nortech Systems' Common Stock Total Equity and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Nortech Systems Incorporated are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Common Stock Total Equity i.e., Nortech Systems' Common Stock Total Equity and Cash go up and down completely randomly.

Correlation Coefficient

0.54

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Cash

Cash refers to the most liquid asset of Nortech Systems, which is listed under current asset account on Nortech Systems Incorporated balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Nortech Systems customers. The amounts must be unrestricted with restricted cash listed in a different Nortech Systems account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Most indicators from Nortech Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Nortech Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nortech Systems Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

At this time, Nortech Systems' Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Selling General Administrative is likely to drop slightly above 8.5 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	430K	411K	487K	579.0K
Depreciation And Amortization	2.0M	1.9M	2.0M	1.8M

Interest Expense Depreciation And Amortization

Nortech Systems fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Property Plant And Equipment Gross	Common Stock	Common Stock Total Equity
Total Assets		0.83	0.48	0.79	0.9	0.85	0.79	0.66	0.9	0.32	0.89	-0.44	0.2	0.78	0.83	0.67	0.82	0.66	0.84	0.96	0.99	-0.16	0.06	0.37	0.81	0.68
Short Long Term Debt Total	0.83		0.27	0.47	0.56	0.88	0.99	0.37	0.69	0.12	0.89	-0.76	-0.06	0.65	0.61	0.88	0.53	0.78	0.68	0.92	0.77	-0.21	0.21	0.18	0.72	0.35
Other Current Liab	0.48	0.27		0.64	0.44	0.3	0.23	0.31	0.57	0.07	0.44	0.04	-0.05	0.38	0.41	0.09	0.48	0.22	0.35	0.46	0.47	-0.24	0.28	0.32	0.38	0.29
Total Current Liabilities	0.79	0.47	0.64		0.8	0.54	0.44	0.59	0.83	0.18	0.61	-0.08	0.34	0.62	0.77	0.13	0.81	0.38	0.74	0.7	0.81	0.25	-0.08	0.31	0.74	0.65
Total Stockholder Equity	0.9	0.56	0.44	0.8		0.71	0.52	0.77	0.74	0.35	0.69	-0.16	0.37	0.7	0.87	0.36	0.89	0.38	0.83	0.75	0.93	0.0	-0.23	0.46	0.76	0.81
Property Plant And Equipment Net	0.85	0.88	0.3	0.54	0.71		0.88	0.48	0.66	0.06	0.88	-0.57	-0.03	0.59	0.7	0.73	0.68	0.7	0.75	0.85	0.8	-0.08	0.1	0.2	0.77	0.5
Net Debt	0.79	0.99	0.23	0.44	0.52	0.88		0.34	0.64	0.05	0.86	-0.77	-0.1	0.6	0.59	0.85	0.51	0.76	0.67	0.88	0.73	-0.15	0.17	0.14	0.72	0.32
Retained Earnings	0.66	0.37	0.31	0.59	0.77	0.48	0.34		0.51	0.74	0.46	-0.02	0.73	0.88	0.85	0.22	0.68	0.33	0.83	0.52	0.69	-0.12	-0.34	0.79	0.64	0.88
Accounts Payable	0.9	0.69	0.57	0.83	0.74	0.66	0.64	0.51		0.24	0.83	-0.27	0.1	0.7	0.69	0.56	0.73	0.62	0.71	0.91	0.88	-0.19	0.29	0.19	0.72	0.56
Cash	0.32	0.12	0.07	0.18	0.35	0.06	0.05	0.74	0.24		0.15	-0.09	0.82	0.74	0.34	0.21	0.13	0.29	0.34	0.26	0.36	-0.44	-0.19	0.81	0.06	0.54
Non Current Assets Total	0.89	0.89	0.44	0.61	0.69	0.88	0.86	0.46	0.83	0.15		-0.5	-0.05	0.63	0.67	0.78	0.66	0.73	0.74	0.93	0.82	-0.26	0.38	0.19	0.76	0.54
Non Currrent Assets Other	-0.44	-0.76	0.04	-0.08	-0.16	-0.57	-0.77	-0.02	-0.27	-0.09	-0.5		0.1	-0.36	-0.13	-0.74	-0.03	-0.64	-0.17	-0.58	-0.41	0.22	-0.07	-0.09	-0.18	0.14
Cash And Short Term Investments	0.2	-0.06	-0.05	0.34	0.37	-0.03	-0.1	0.73	0.1	0.82	-0.05	0.1		0.59	0.42	-0.19	0.2	0.05	0.4	0.07	0.27	0.15	-0.56	0.74	0.15	0.61
Net Receivables	0.78	0.65	0.38	0.62	0.7	0.59	0.6	0.88	0.7	0.74	0.63	-0.36	0.59		0.76	0.53	0.56	0.65	0.79	0.76	0.8	-0.29	-0.13	0.73	0.64	0.73
Common Stock Shares Outstanding	0.83	0.61	0.41	0.77	0.87	0.7	0.59	0.85	0.69	0.34	0.67	-0.13	0.42	0.76		0.34	0.93	0.35	0.97	0.72	0.84	0.1	-0.23	0.46	0.92	0.82
Non Current Liabilities Total	0.67	0.88	0.09	0.13	0.36	0.73	0.85	0.22	0.56	0.21	0.78	-0.74	-0.19	0.53	0.34		0.28	0.75	0.42	0.8	0.6	-0.57	0.4	0.11	0.42	0.18
Inventory	0.82	0.53	0.48	0.81	0.89	0.68	0.51	0.68	0.73	0.13	0.66	-0.03	0.2	0.56	0.93	0.28		0.26	0.87	0.69	0.84	0.13	-0.09	0.24	0.87	0.71
Other Current Assets	0.66	0.78	0.22	0.38	0.38	0.7	0.76	0.33	0.62	0.29	0.73	-0.64	0.05	0.65	0.35	0.75	0.26		0.46	0.77	0.61	-0.29	0.32	0.29	0.42	0.35
Other Stockholder Equity	0.84	0.68	0.35	0.74	0.83	0.75	0.67	0.83	0.71	0.34	0.74	-0.17	0.4	0.79	0.97	0.42	0.87	0.46		0.76	0.83	0.08	-0.18	0.43	0.95	0.85
Total Liab	0.96	0.92	0.46	0.7	0.75	0.85	0.88	0.52	0.91	0.26	0.93	-0.58	0.07	0.76	0.72	0.8	0.69	0.77	0.76		0.93	-0.26	0.24	0.27	0.76	0.52
Total Current Assets	0.99	0.77	0.47	0.81	0.93	0.8	0.73	0.69	0.88	0.36	0.82	-0.41	0.27	0.8	0.84	0.6	0.84	0.61	0.83	0.93		-0.13	-0.04	0.41	0.79	0.69
Short Term Debt	-0.16	-0.21	-0.24	0.25	0.0	-0.08	-0.15	-0.12	-0.19	-0.44	-0.26	0.22	0.15	-0.29	0.1	-0.57	0.13	-0.29	0.08	-0.26	-0.13		-0.5	-0.25	0.18	0.04
Intangible Assets	0.06	0.21	0.28	-0.08	-0.23	0.1	0.17	-0.34	0.29	-0.19	0.38	-0.07	-0.56	-0.13	-0.23	0.4	-0.09	0.32	-0.18	0.24	-0.04	-0.5		-0.35	-0.07	-0.25
Property Plant And Equipment Gross	0.37	0.18	0.32	0.31	0.46	0.2	0.14	0.79	0.19	0.81	0.19	-0.09	0.74	0.73	0.46	0.11	0.24	0.29	0.43	0.27	0.41	-0.25	-0.35		0.2	0.61
Common Stock	0.81	0.72	0.38	0.74	0.76	0.77	0.72	0.64	0.72	0.06	0.76	-0.18	0.15	0.64	0.92	0.42	0.87	0.42	0.95	0.76	0.79	0.18	-0.07	0.2		0.72
Common Stock Total Equity	0.68	0.35	0.29	0.65	0.81	0.5	0.32	0.88	0.56	0.54	0.54	0.14	0.61	0.73	0.82	0.18	0.71	0.35	0.85	0.52	0.69	0.04	-0.25	0.61	0.72

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Nortech Systems Account Relationship Matchups

Nortech Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	61.4M	57.6M	67.1M	69.5M	75.1M	45.4M
Short Long Term Debt Total	20.6M	21.8M	20.2M	18.1M	14.2M	13.1M
Other Current Liab	6.8M	(2.6M)	8.0M	3.3M	5.2M	3.3M
Total Current Liabilities	22.2M	11.2M	22.3M	23.0M	26.6M	16.7M
Total Stockholder Equity	20.0M	18.7M	26.1M	28.1M	35.3M	18.6M
Property Plant And Equipment Net	14.4M	15.4M	14.8M	14.3M	13.4M	9.8M
Net Debt	20.3M	21.4M	19.6M	17.0M	12.5M	12.5M
Retained Earnings	4.2M	2.7M	9.8M	11.8M	18.7M	19.6M
Accounts Payable	14.0M	11.2M	12.7M	14.8M	15.9M	9.3M
Cash	351K	352K	643K	1.0M	1.7M	1.8M
Non Current Assets Total	18.1M	16.6M	15.3M	14.7M	16.3M	11.3M
Non Currrent Assets Other	(18.1M)	(16.6M)	(15.3M)	(14.7M)	(1.0)	(1.05)
Cash And Short Term Investments	351K	352K	643K	1.0M	1.7M	1.8M
Net Receivables	26.2M	21.5M	28.5M	28.6M	33.8M	35.4M
Common Stock Shares Outstanding	2.7M	2.7M	2.8M	2.9M	2.9M	2.9M
Liabilities And Stockholders Equity	61.4M	57.6M	67.1M	69.5M	75.1M	45.4M
Non Current Liabilities Total	19.2M	27.7M	18.7M	18.5M	13.2M	10.0M
Inventory	14.3M	13.9M	19.4M	22.4M	21.7M	15.9M
Other Current Assets	2.1M	2.0M	1.7M	1.3M	1.7M	1.4M
Other Stockholder Equity	15.7M	15.8M	16.0M	16.3M	16.9M	16.9M
Total Liab	41.4M	38.9M	41.0M	41.5M	39.8M	26.8M
Total Current Assets	43.3M	41.0M	51.8M	54.9M	58.8M	34.0M
Short Term Debt	1.4M	2.6M	1.6M	1.5M	1.4M	1.3M
Intangible Assets	1.3M	1.2M	501K	422K	263K	249.9K
Property Plant And Equipment Gross	14.4M	6.4M	39.0M	14.3M	40.4M	42.4M
Accumulated Other Comprehensive Income	(257K)	(37K)	56K	(370K)	(532K)	(558.6K)
Long Term Debt	13.3M	9.2M	9.0M	6.9M	5.8M	8.0M
Property Plant Equipment	9.6M	15.4M	14.8M	14.3M	16.4M	10.4M
Other Liab	118K	146K	104K	95K	109.3K	103.8K
Net Tangible Assets	16.0M	17.3M	25.4M	27.4M	31.5M	21.8M
Retained Earnings Total Equity	3.9M	5.4M	4.2M	2.7M	2.4M	4.1M
Long Term Debt Total	14.1M	13.8M	13.3M	9.2M	10.6M	10.6M
Capital Surpluse	15.8M	15.6M	15.7M	15.8M	18.2M	17.3M
Non Current Liabilities Other	5.9M	146K	104K	95K	414K	802.5K

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