Socket Mobile Balance Sheet Health
Financial Health criteria checks 3/6
Socket Mobile has a total shareholder equity of $18.0M and total debt of $4.0M, which brings its debt-to-equity ratio to 22.2%. Its total assets and total liabilities are $27.7M and $9.8M respectively.
Key information
22.2%
Debt to equity ratio
US$3.98m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.91m |
| Equity | US$17.96m |
| Total liabilities | US$9.76m |
| Total assets | US$27.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNB1's short term assets ($10.3M) exceed its short term liabilities ($7.3M).
Long Term Liabilities: SNB1's short term assets ($10.3M) exceed its long term liabilities ($2.4M).
Debt to Equity History and Analysis
Debt Level: SNB1's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: SNB1's debt to equity ratio has increased from 14.5% to 22.2% over the past 5 years.
Debt Coverage: SNB1's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: Insufficient data to determine if SNB1's interest payments on its debt are well covered by EBIT.