Nortech Systems (Nortech Systems) Short-Term Debt & Capital Lease Obligation : $1.4 Mil (As of Dec. 2023)

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What is Nortech Systems Short-Term Debt & Capital Lease Obligation?

Short-Term Debt & Capital Lease Obligation is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Nortech Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.4 Mil.

Long-Term Debt & Capital Lease Obligation is the debt and capital lease obligation due more than 12 months in the future. Nortech Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12.8 Mil.

Nortech Systems Short-Term Debt & Capital Lease Obligation Historical Data

The historical data trend for Nortech Systems's Short-Term Debt & Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nortech Systems Short-Term Debt & Capital Lease Obligation Chart

Nortech Systems Annual Data

Trend

Dec14

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Dec17

Dec18

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Dec20

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Dec23

Short-Term Debt & Capital Lease Obligation

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1.86

2.55

1.64

1.55

1.39

Nortech Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Short-Term Debt & Capital Lease Obligation	Get a 7-Day Free Trial															1.55	1.52	1.45	1.40	1.39

Nortech Systems Short-Term Debt & Capital Lease Obligation Calculation

This is the portion of a company's debt and capital lease obligation that need to be paid within the next 12 months. It equals Short-Term Debt plus Short-Term Capital Lease Obligation. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Nortech Systems Short-Term Debt & Capital Lease Obligation Related Terms

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Nortech Systems (Nortech Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nortech Systems Inc (NAS:NSYS) » Definitions » Short-Term Debt & Capital Lease Obligation

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Traded in Other Exchanges

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Address

7550 Meridian Circle N, Suite 150, Maple Grove, MN, USA, 55369

Website

https://www.nortechsys.com

Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical and manufacturing services and support including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense and Industrial markets with key revenue coming from Medical device and product manufacturing and related engineering services.

Executives

Amy S. Fredregill	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
Jose Antonio Peris	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
David B Kunin	director	7201 METRO BOULEVARD, MINNEAPOLIS MN 55439
David J. Graff	director	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Daniel Ramon Everingham	10 percent owner	617 COUNTRY VIEW LANE, GARLAND TX 75043
Jay D Miller	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Christopher Dean Jones	officer: CFO	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Stacy A Kruse	director	7401 BOONE AVENUE NORTH, BROOKLYN PARK MN 55428
Philip Irving Smith	director	4503 BROWNDALE AVENUE, EDINA MN 55424
Dan Sachs	director	7550 MERIDIAN CIRCLE N., MAPLE GROVE MN 55369
Steven J Rosenstone	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Heidi B Grange	officer: Senior Vice President of HR	7550 MERIDIAN CIRCLE N, MAPLE GROVE MN 55369
John Lindeen	officer: Sr VP - Global Operations	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369
Beck Constance	officer: Chief Financial Officer	NORTECH SYSTEMS INCORPORATED, 7550 MERDIAN CIRCLE N, MAPLE GROVE MN 55369
Matt Mahmood	officer: Chief Operating Officer	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369