Transcat Balance Sheet Health
Financial Health criteria checks 6/6
Transcat has a total shareholder equity of $268.8M and total debt of $3.0M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are $323.6M and $54.8M respectively. Transcat's EBIT is $21.4M making its interest coverage ratio -18.7. It has cash and short-term investments of $23.8M.
Key information
1.1%
Debt to equity ratio
US$3.00m
Debt
| Interest coverage ratio | -18.7x |
| Cash | US$23.82m |
| Equity | US$268.76m |
| Total liabilities | US$54.80m |
| Total assets | US$323.55m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TR8's short term assets ($95.2M) exceed its short term liabilities ($26.5M).
Long Term Liabilities: TR8's short term assets ($95.2M) exceed its long term liabilities ($28.3M).
Debt to Equity History and Analysis
Debt Level: TR8 has more cash than its total debt.
Reducing Debt: TR8's debt to equity ratio has reduced from 39.4% to 1.1% over the past 5 years.
Debt Coverage: TR8's debt is well covered by operating cash flow (1080.8%).
Interest Coverage: TR8 earns more interest than it pays, so coverage of interest payments is not a concern.