Solitron Devices Balance Sheet Health
Financial Health criteria checks 5/6
Solitron Devices has a total shareholder equity of $17.7M and total debt of $4.0M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are $24.9M and $7.2M respectively. Solitron Devices's EBIT is $1.4M making its interest coverage ratio 7. It has cash and short-term investments of $4.2M.
Key information
22.6%
Debt to equity ratio
US$3.99m
Debt
| Interest coverage ratio | 7x |
| Cash | US$4.20m |
| Equity | US$17.67m |
| Total liabilities | US$7.23m |
| Total assets | US$24.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SODI's short term assets ($11.2M) exceed its short term liabilities ($2.7M).
Long Term Liabilities: SODI's short term assets ($11.2M) exceed its long term liabilities ($4.5M).
Debt to Equity History and Analysis
Debt Level: SODI has more cash than its total debt.
Reducing Debt: SODI's debt to equity ratio has increased from 0% to 22.6% over the past 5 years.
Debt Coverage: SODI's debt is well covered by operating cash flow (62.6%).
Interest Coverage: SODI's interest payments on its debt are well covered by EBIT (7x coverage).