Nortech Systems Inc balance sheet

At the end of fiscal 2025, Nortech Systems Inc had total assets of $71.9m, total liabilities of $37.4m and shareholders' equity of $34.5m. It held $1.7m in cash against $18.6m of debt: net debt of $17.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Nortech Systems Inc: balance sheet, annual
Fiscal year	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	2	1
Receivables	16	17	14	16	17	18	17	17	20	19	16	15	16	19	15	17	20
Inventory	16	19	18	17	19	20	21	19	17	14	14	19	22	22	22	21	25
Total current assets	33	37	33	35	37	40	39	38	46	43	41	52	55	59	55	56	64
Goodwill	—	—	—	—	0	3	3	2	2	2	—	—	—	—	—	—	—
Total assets	42	47	45	46	49	57	56	52	60	61	58	67	70	75	72	72	80
Accounts payable	11	11	9	8	9	13	14	12	18	14	11	13	15	16	12	13	15
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	1	—	3	4	4	5	5	7
Total current liabilities	20	25	20	19	13	20	20	18	25	22	20	22	26	27	21	30	36
Short-term debt	1	1	0	1	1	1	2	1	1	0	1	0	—	—	—	—	—
Long-term debt	2	1	3	4	4	6	5	4	4	3	6	—	—	—	—	—	2
Total debt	8	11	11	12	9	9	9	10	10	11	7	9	7	6	9	19	10
Total liabilities	22	26	23	24	26	34	33	32	39	41	39	41	41	40	38	37	45
Shareholders' equity	19	21	21	22	23	22	22	20	21	20	19	26	28	35	34	35	35
Net debt (negative = net cash)	8	11	11	12	9	9	9	9	10	10	7	8	6	5	8	17	9
Shares outstanding	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m	3m

US$ millions unless shown otherwise. Fiscal quarters.

Nortech Systems Inc: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	17	15	16	18	19	17	18	20
Inventory	22	22	21	19	18	21	24	25
Total current assets	60	55	57	58	59	56	61	64
Total assets	77	72	74	75	75	72	77	80
Accounts payable	12	12	10	12	12	13	15	15
Deferred revenue (current)	5	5	5	5	5	5	5	7
Total current liabilities	23	21	21	22	34	30	33	36
Long-term debt	—	—	—	—	—	—	2	2
Total debt	—	—	—	—	—	—	2	2
Total liabilities	41	38	41	41	41	37	42	45
Shareholders' equity	36	34	33	33	33	35	35	35
Shares outstanding	3m	3m	3m	3m	3m	3m	3m	3m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Nortech Systems Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nortech Systems Inc.