Socket Mobile Balance Sheet Health
Financial Health criteria checks 4/6
Socket Mobile has a total shareholder equity of $19.2M and total debt of $3.0M, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are $28.7M and $9.5M respectively.
Key information
15.6%
Debt to equity ratio
US$2.99m
Debt
Interest coverage ratio | n/a |
Cash | US$2.77m |
Equity | US$19.16m |
Total liabilities | US$9.50m |
Total assets | US$28.66m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SNB1's short term assets ($11.0M) exceed its short term liabilities ($6.3M).
Long Term Liabilities: SNB1's short term assets ($11.0M) exceed its long term liabilities ($3.2M).
Debt to Equity History and Analysis
Debt Level: SNB1's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: SNB1's debt to equity ratio has reduced from 20% to 15.6% 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.