Ultralife Balance Sheet Health
Financial Health criteria checks 6/6
Ultralife has a total shareholder equity of $134.6M and total debt of $7.9M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are $172.4M and $37.8M respectively. Ultralife's EBIT is $12.4M making its interest coverage ratio 7.4. It has cash and short-term investments of $6.8M.
Key information
5.9%
Debt to equity ratio
US$7.89m
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$6.77m |
| Equity | US$134.63m |
| Total liabilities | US$37.81m |
| Total assets | US$172.44m |
Recent financial health updates
These 4 Measures Indicate That Ultralife (NASDAQ:ULBI) Is Using Debt Reasonably Well
Apr 16
Ultralife (NASDAQ:ULBI) Takes On Some Risk With Its Use Of Debt
Jun 08Ultralife (NASDAQ:ULBI) Is Carrying A Fair Bit Of Debt
Sep 27Does Ultralife (NASDAQ:ULBI) Have A Healthy Balance Sheet?
Apr 15Recent updates
Should You Think About Buying Ultralife Corporation (NASDAQ:ULBI) Now?
Sep 07Ultralife: I Bought The Dip; Here Comes The Growth
Aug 03Ultralife's (NASDAQ:ULBI) Earnings Are Weaker Than They Seem
Aug 01Ultralife Corporation Is Attractive Here
Jun 30Ultralife Corporation: Ready To Surge
Apr 22These 4 Measures Indicate That Ultralife (NASDAQ:ULBI) Is Using Debt Reasonably Well
Apr 16Slowing Rates Of Return At Ultralife (NASDAQ:ULBI) Leave Little Room For Excitement
Mar 14Insufficient Growth At Ultralife Corporation (NASDAQ:ULBI) Hampers Share Price
Feb 11Is Now An Opportune Moment To Examine Ultralife Corporation (NASDAQ:ULBI)?
Oct 26Ultralife (NASDAQ:ULBI) May Have Issues Allocating Its Capital
Sep 22Ultralife (NASDAQ:ULBI) Takes On Some Risk With Its Use Of Debt
Jun 08Ultralife (NASDAQ:ULBI) Is Carrying A Fair Bit Of Debt
Sep 27Ultralife secures $7.5M communications systems contract
Sep 22Ultralife receives $4.6M communications systems VAA order
Jul 26Does Ultralife (NASDAQ:ULBI) Have A Healthy Balance Sheet?
Apr 15We Think Ultralife Corporation's (NASDAQ:ULBI) CEO Compensation Package Needs To Be Put Under A Microscope
Jul 15Is Ultralife Corporation (NASDAQ:ULBI) Potentially Undervalued?
Apr 14The Trends At Ultralife (NASDAQ:ULBI) That You Should Know About
Mar 09Ultralife Corporation's (NASDAQ:ULBI) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Feb 18
Ultralife reports Q4 results
Feb 04If You Had Bought Ultralife (NASDAQ:ULBI) Stock Five Years Ago, You Could Pocket A 17% Gain Today
Feb 03Financial Position Analysis
Short Term Liabilities: ULBI's short term assets ($86.4M) exceed its short term liabilities ($26.2M).
Long Term Liabilities: ULBI's short term assets ($86.4M) exceed its long term liabilities ($11.6M).
Debt to Equity History and Analysis
Debt Level: ULBI's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: ULBI's debt to equity ratio has reduced from 16.4% to 5.9% over the past 5 years.
Debt Coverage: ULBI's debt is well covered by operating cash flow (203.1%).
Interest Coverage: ULBI's interest payments on its debt are well covered by EBIT (7.4x coverage).