SilverSun Technologies Balance Sheet Health
Financial Health criteria checks 6/6
SilverSun Technologies has a total shareholder equity of $7.5M and total debt of $1.7M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are $20.5M and $13.0M respectively. SilverSun Technologies's EBIT is $1.7M making its interest coverage ratio 30.1. It has cash and short-term investments of $6.1M.
Key information
22.7%
Debt to equity ratio
US$1.70m
Debt
Interest coverage ratio | 30.1x |
Cash | US$6.14m |
Equity | US$7.47m |
Total liabilities | US$13.02m |
Total assets | US$20.50m |
Recent financial health updates
Recent updates
SilverSun Technologies (NASDAQ:SSNT) Might Have The Makings Of A Multi-Bagger
Aug 11Estimating The Intrinsic Value Of SilverSun Technologies, Inc. (NASDAQ:SSNT)
Aug 25SilverSun Technologies GAAP EPS of -$0.02, revenue of $10.64M
Aug 12Is SilverSun Technologies (NASDAQ:SSNT) Using Debt In A Risky Way?
Jun 25Investors Could Be Concerned With SilverSun Technologies' (NASDAQ:SSNT) Returns On Capital
Mar 08SilverSun Technologies (NASDAQ:SSNT) Could Be Struggling To Allocate Capital
Oct 28SilverSun Technologies (NASDAQ:SSNT) Is Experiencing Growth In Returns On Capital
Jun 28A Look At The Intrinsic Value Of SilverSun Technologies, Inc. (NASDAQ:SSNT)
Mar 31Have Insiders Been Selling SilverSun Technologies, Inc. (NASDAQ:SSNT) Shares?
Dec 30SilverSun Technologies reports Q3 results
Nov 10Financial Position Analysis
Short Term Liabilities: SSNT's short term assets ($11.8M) exceed its short term liabilities ($11.5M).
Long Term Liabilities: SSNT's short term assets ($11.8M) exceed its long term liabilities ($1.5M).
Debt to Equity History and Analysis
Debt Level: SSNT has more cash than its total debt.
Reducing Debt: SSNT's debt to equity ratio has reduced from 34.5% to 22.7% over the past 5 years.
Debt Coverage: SSNT's debt is well covered by operating cash flow (34.4%).
Interest Coverage: SSNT's interest payments on its debt are well covered by EBIT (30.1x coverage).