Socket Mobile Balance Sheet Health
Financial Health criteria checks 4/6
Socket Mobile has a total shareholder equity of $19.4M and total debt of $3.0M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are $28.7M and $9.3M respectively.
Key information
15.4%
Debt to equity ratio
US$2.99m
Debt
Interest coverage ratio | n/a |
Cash | US$2.83m |
Equity | US$19.42m |
Total liabilities | US$9.32m |
Total assets | US$28.74m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNB1's short term assets ($10.7M) exceed its short term liabilities ($6.5M).
Long Term Liabilities: SNB1's short term assets ($10.7M) exceed its long term liabilities ($2.8M).
Debt to Equity History and Analysis
Debt Level: SNB1's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: SNB1's debt to equity ratio has reduced from 17.3% to 15.4% over the past 5 years.
Debt Coverage: SNB1's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: Insufficient data to determine if SNB1's interest payments on its debt are well covered by EBIT.