Tactile Systems Technology Balance Sheet Health
Financial Health criteria checks 5/6
Tactile Systems Technology has a total shareholder equity of $193.6M and total debt of $29.1M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are $281.4M and $87.8M respectively. Tactile Systems Technology's EBIT is $15.6M making its interest coverage ratio 5.7. It has cash and short-term investments of $61.0M.
Key information
15.0%
Debt to equity ratio
US$29.13m
Debt
| Interest coverage ratio | 5.7x |
| Cash | US$61.03m |
| Equity | US$193.64m |
| Total liabilities | US$87.80m |
| Total assets | US$281.44m |
Recent financial health updates
Does Tactile Systems Technology (NASDAQ:TCMD) Have A Healthy Balance Sheet?
Oct 10
Is Tactile Systems Technology (NASDAQ:TCMD) Using Too Much Debt?
Feb 16Is Tactile Systems Technology (NASDAQ:TCMD) A Risky Investment?
Oct 12Is Tactile Systems Technology (NASDAQ:TCMD) A Risky Investment?
Jun 14Recent updates
Tactile Systems Technology, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Feb 23Does Tactile Systems Technology (NASDAQ:TCMD) Have A Healthy Balance Sheet?
Oct 10Capital Allocation Trends At Tactile Systems Technology (NASDAQ:TCMD) Aren't Ideal
Sep 16Is It Time To Consider Buying Tactile Systems Technology, Inc. (NASDAQ:TCMD)?
Jul 13Are Investors Undervaluing Tactile Systems Technology, Inc. (NASDAQ:TCMD) By 26%?
May 10Is Tactile Systems Technology (NASDAQ:TCMD) Using Too Much Debt?
Feb 16Is Tactile Systems Technology (NASDAQ:TCMD) A Risky Investment?
Oct 12Tactile Systems Technology GAAP EPS of -$0.23 misses by $0.09, revenue of $59.6M beats by $2.72M
Aug 01Is Tactile Systems Technology (NASDAQ:TCMD) A Risky Investment?
Jun 14Investors Could Be Concerned With Tactile Systems Technology's (NASDAQ:TCMD) Returns On Capital
Jan 20Some Investors May Be Worried About Tactile Systems Technology's (NASDAQ:TCMD) Returns On Capital
May 20Tactile Systems Technology EPS beats by $0.03, beats on revenue
May 03Have Tactile Systems Technology, Inc. (NASDAQ:TCMD) Insiders Been Selling Their Stock?
Mar 04Is Tactile Systems Technology (NASDAQ:TCMD) Likely To Turn Things Around?
Feb 19Can You Imagine How Tactile Systems Technology's (NASDAQ:TCMD) Shareholders Feel About The 44% Share Price Increase?
Dec 28
Financial Position Analysis
Short Term Liabilities: TCMD's short term assets ($145.3M) exceed its short term liabilities ($41.1M).
Long Term Liabilities: TCMD's short term assets ($145.3M) exceed its long term liabilities ($46.7M).
Debt to Equity History and Analysis
Debt Level: TCMD has more cash than its total debt.
Reducing Debt: TCMD's debt to equity ratio has increased from 0% to 15% over the past 5 years.
Debt Coverage: TCMD's debt is well covered by operating cash flow (123.1%).
Interest Coverage: TCMD's interest payments on its debt are well covered by EBIT (5.7x coverage).