Transcat Balance Sheet Health
Financial Health criteria checks 6/6
Transcat has a total shareholder equity of $218.5M and total debt of $4.7M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are $281.1M and $62.6M respectively. Transcat's EBIT is $20.0M making its interest coverage ratio 9. It has cash and short-term investments of $35.2M.
Key information
2.2%
Debt to equity ratio
US$4.73m
Debt
Interest coverage ratio | 9x |
Cash | US$35.21m |
Equity | US$218.47m |
Total liabilities | US$62.60m |
Total assets | US$281.07m |
Recent financial health updates
Recent updates
Transcat Stock: Time To Recalibrate
Apr 16Transcat Scores Wins On The Top And Bottom Lines, But Is Still Too Expensive
Feb 01There Are Reasons To Feel Uneasy About Transcat's (NASDAQ:TRNS) Returns On Capital
Dec 19Transcat's (NASDAQ:TRNS) Problems Go Beyond Weak Profit
Nov 08Capital Allocation Trends At Transcat (NASDAQ:TRNS) Aren't Ideal
Aug 03Transcat (NASDAQ:TRNS) Hasn't Managed To Accelerate Its Returns
Apr 06Are Transcat, Inc. (NASDAQ:TRNS) Investors Paying Above The Intrinsic Value?
Oct 20Transcat acquires Complete Calibrations for $1.2M and e2b Calibration for $3.15M
Sep 28We Think Transcat (NASDAQ:TRNS) Can Stay On Top Of Its Debt
Aug 05Transcat (NASDAQ:TRNS) Has Some Way To Go To Become A Multi-Bagger
Jul 24What Is Transcat, Inc.'s (NASDAQ:TRNS) Share Price Doing?
Jul 13Is Transcat, Inc. (NASDAQ:TRNS) Trading At A 38% Discount?
Jun 17Returns At Transcat (NASDAQ:TRNS) Appear To Be Weighed Down
Apr 02Should You Be Adding Transcat (NASDAQ:TRNS) To Your Watchlist Today?
Feb 02I Ran A Stock Scan For Earnings Growth And Transcat (NASDAQ:TRNS) Passed With Ease
Nov 03Shareholders Would Not Be Objecting To Transcat, Inc.'s (NASDAQ:TRNS) CEO Compensation And Here's Why
Sep 01Financial Position Analysis
Short Term Liabilities: TRNS's short term assets ($98.8M) exceed its short term liabilities ($29.4M).
Long Term Liabilities: TRNS's short term assets ($98.8M) exceed its long term liabilities ($33.3M).
Debt to Equity History and Analysis
Debt Level: TRNS has more cash than its total debt.
Reducing Debt: TRNS's debt to equity ratio has reduced from 43.6% to 2.2% over the past 5 years.
Debt Coverage: TRNS's debt is well covered by operating cash flow (631.8%).
Interest Coverage: TRNS's interest payments on its debt are well covered by EBIT (9x coverage).