Tactile Systems Technology Balance Sheet Health
Financial Health criteria checks 5/6
Tactile Systems Technology has a total shareholder equity of $193.6M and total debt of $29.1M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are $281.4M and $87.8M respectively. Tactile Systems Technology's EBIT is $15.6M making its interest coverage ratio 5.7. It has cash and short-term investments of $61.0M.
Key information
15.0%
Debt to equity ratio
US$29.13m
Debt
Interest coverage ratio | 5.7x |
Cash | US$61.03m |
Equity | US$193.64m |
Total liabilities | US$87.80m |
Total assets | US$281.44m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3L3's short term assets ($145.3M) exceed its short term liabilities ($41.1M).
Long Term Liabilities: 3L3's short term assets ($145.3M) exceed its long term liabilities ($46.7M).
Debt to Equity History and Analysis
Debt Level: 3L3 has more cash than its total debt.
Reducing Debt: 3L3's debt to equity ratio has increased from 0% to 15% over the past 5 years.
Debt Coverage: 3L3's debt is well covered by operating cash flow (123.1%).
Interest Coverage: 3L3's interest payments on its debt are well covered by EBIT (5.7x coverage).