NORTECH SYSTEMS INC Annual Interest Expense in USD from 2010 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Nortech Systems Inc quarterly/annual Interest Expense history and growth rate from 2010 to 2023.
  • Nortech Systems Inc Interest Expense for the quarter ending March 31, 2024 was $167K, a 51.8% increase year-over-year.
  • Nortech Systems Inc Interest Expense for the twelve months ending March 31, 2024 was $544K, a 28.6% increase year-over-year.
  • Nortech Systems Inc annual Interest Expense for 2023 was $487K, a 18.5% increase from 2022.
  • Nortech Systems Inc annual Interest Expense for 2022 was $411K, a 4.42% decline from 2021.
  • Nortech Systems Inc annual Interest Expense for 2021 was $430K, a 30.6% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $487K +$76K +18.5% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-20
2022 $411K -$19K -4.42% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-20
2021 $430K -$190K -30.6% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-17
2020 $620K -$423K -40.6% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-17
2019 $1.04M +$286K +37.8% Jan 1, 2019 Dec 31, 2019 10-K 2021-03-23
2018 $757K +$129K +20.5% Jan 1, 2018 Dec 31, 2018 10-K 2020-03-19
2017 $628K +$77.7K +14.1% Jan 1, 2017 Dec 31, 2017 10-K 2019-04-01
2016 $550K +$84.9K +18.2% Jan 1, 2016 Dec 31, 2016 10-K 2018-03-27
2015 $465K +$97.8K +26.6% Jan 1, 2015 Dec 31, 2015 10-K 2017-03-08
2014 $368K -$21.2K -5.45% Jan 1, 2014 Dec 31, 2014 10-K 2016-03-22
2013 $389K -$51.4K -11.7% Jan 1, 2013 Dec 31, 2013 10-K 2015-03-11
2012 $440K -$71.2K -13.9% Jan 1, 2012 Dec 31, 2012 10-K 2014-03-07
2011 $511K +$82.2K +19.2% Jan 1, 2011 Dec 31, 2011 10-K 2013-03-08
2010 $429K Jan 1, 2010 Dec 31, 2010 10-K 2012-03-09
* An asterisk sign (*) next to the value indicates that the value is likely invalid.