Solitron Devices Balance Sheet Health
Financial Health criteria checks 5/6
Solitron Devices has a total shareholder equity of $11.4M and total debt of $2.7M, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are $19.5M and $8.1M respectively. Solitron Devices's EBIT is $253.0K making its interest coverage ratio 6. It has cash and short-term investments of $2.6M.
Key information
23.5%
Debt to equity ratio
US$2.68m
Debt
Interest coverage ratio | 6x |
Cash | US$2.58m |
Equity | US$11.38m |
Total liabilities | US$8.10m |
Total assets | US$19.48m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SODI's short term assets ($9.9M) exceed its short term liabilities ($4.5M).
Long Term Liabilities: SODI's short term assets ($9.9M) exceed its long term liabilities ($3.6M).
Debt to Equity History and Analysis
Debt Level: SODI's net debt to equity ratio (0.8%) is considered satisfactory.
Reducing Debt: SODI's debt to equity ratio has increased from 0% to 23.5% over the past 5 years.
Debt Coverage: SODI's debt is well covered by operating cash flow (26.2%).
Interest Coverage: SODI's interest payments on its debt are well covered by EBIT (6x coverage).