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Nortech Systems Incorporated  (NSYS)
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Cumulative Nortech Systems Incorporated's Interest Coverage ratios

NSYS's Interest expense and Ebitda growth



NSYS Interest Coverage (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Interest expense Change 64.86 % 6.56 % 6.84 % 12.24 % -36.21 %
Y / Y Ebitda Change - -32.34 % 7.64 % 137.86 % -
Interest Coverage (TTM) 16.43 0.54 2.36 2.13 0
Total Ranking # 336 # 2170 # 1798 # 1948 # 725
Seq. Interest expense Change -6.15 % 4 % 13.64 % 48.65 % -39.34 %
Seq. Ebitda Change 94.87 % 0.93 % 4.04 % - -




Interest Coverage in the fourth quarter 2023 Comment
Nortech Systems Incorporated's interest coverage sequentially grew from the third quarter 2023 to 16.43in the Q4 2023, above company average. Due to increase of ebitda in the fourth quarter 2023 by 94.87%.

Within Technology sector 52 other companies have achieved higher interest coverage ratio during the Q4 2023. While Interest coverage ratio total ranking has improved in the fourth quarter 2023 to 0, from total ranking in the third quarter 2023 at 1847.

What is Interest Coverage Ratio?
Source of Nortech Systems Incorporated sales

Interest Coverage Company Ranking
Within: No.
Industry # 10
Sector # 53
S&P 500 # 336


Interest Coverage Statistics
High Average Low
30.15
6.65
-2.24
(Jun 30 2022)   (Mar 31 2021)





Financial Statements
Nortech Systems Incorporated's Interest expense $ 0 Millions Visit NSYS's Income Statement
Nortech Systems Incorporated's Ebitda $ 3 Millions Visit NSYS's Income Statement
Where are NSYS's Sales coming from? Visit NSYS's Sales by Geography




Companies with similar Average Interest Coverage ratios for 12 months ending Dec 31 2023, within Technology Sector Interest Coverage Ratio EBITDA 12 months ending Dec 31 2023Interest net 12 months ending Dec 31 2023
Fabrinet  14.83 $ 299.824  Millions$ 20.214  Millions
Macom Technology Solutions Holdings Inc   13.24 $ 136.556  Millions$ 10.315  Millions
Bandwidth Inc   9.45 $ 7.632  Millions$ 0.808  Millions
Block Inc   7.03 $ 332.196  Millions$ 47.221  Millions
Golden Matrix Group Inc   6.74 $ 0.642  Millions$ 0.095  Millions
Corning Inc  5.64 $ 1,856.000  Millions$ 329.000  Millions
Bentley Systems Incorporated  5.08 $ 201.990  Millions$ 39.793  Millions
Trade Desk Inc   4.09 $ 279.905  Millions$ 68.508  Millions
Alarm com Holdings Inc   3.44 $ 102.593  Millions$ 29.801  Millions

Date modified: 2024-03-20T23:23:53+00:00



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