Nortech Property Plant And Equipment Net vs Net Debt Analysis

NSYS Stock

USD 11.33 0.37 3.38%

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 Property Plant And Equipment Net and its Net Debt 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.

Property Plant And Equipment Net vs Net Debt

Property Plant And Equipment Net vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Nortech Systems Property Plant And Equipment Net account and Net Debt. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Nortech Systems' Property Plant And Equipment Net and Net Debt is 0.88. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Net Debt 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' Property Plant And Equipment Net and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant And Equipment Net of Nortech Systems Incorporated are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Property Plant And Equipment Net i.e., Nortech Systems' Property Plant And Equipment Net and Net Debt go up and down completely randomly.

Correlation Coefficient

0.88

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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	2.7M	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		0.82	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	0.82		0.24	0.46	0.56	0.88	1.0	0.38	0.67	0.13	0.88	-0.78	-0.04	0.65	0.61	0.87	0.52	0.78	0.68	0.91	0.77	-0.19	0.16	0.2	0.71	0.36
Other Current Liab	0.48	0.24		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	0.46	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	1.0	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	0.38	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	0.67	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	0.13	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	0.88	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	-0.78	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	-0.04	-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	0.87	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	0.52	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	0.91	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	-0.19	-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	0.16	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	0.2	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	0.71	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	0.36	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	13.0M
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

Pair Trading with Nortech Systems

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nortech Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nortech Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Nortech Stock

0.74

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Pair Corr

Moving against Nortech Stock

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The ability to find closely correlated positions to Nortech Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nortech Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nortech Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nortech Systems Incorporated to buy it.

The correlation of Nortech Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nortech Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nortech Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Nortech Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Nortech Stock Analysis

When running Nortech Systems' price analysis, check to measure Nortech Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.

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