Maris-Tech Balance Sheet Health
Financial Health criteria checks 5/6
Maris-Tech has a total shareholder equity of $7.1M and total debt of $895.5K, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are $10.9M and $3.8M respectively.
Key information
12.6%
Debt to equity ratio
US$895.53k
Debt
| Interest coverage ratio | n/a |
| Cash | US$3.84m |
| Equity | US$7.10m |
| Total liabilities | US$3.78m |
| Total assets | US$10.88m |
Recent financial health updates
Recent updates
Maris-Tech receives court approval for up to $1M share buyback
Oct 03Maris-Tech enters agreement with defense company for up to $0.5M in orders
Sep 21Maris-Tech GAAP EPS of -$0.32, revenue of $0.97M
Aug 23Maris-Tech received a repeat $250,000 order from a leading defense company customer
Jul 18Maris-Tech stock gains premarket after firm's solution selected for lunar mission
Jul 05Maris-Tech bags purchase order for $300,000 from UK-based distributor
Jun 29Financial Position Analysis
Short Term Liabilities: MTEK's short term assets ($9.7M) exceed its short term liabilities ($2.7M).
Long Term Liabilities: MTEK's short term assets ($9.7M) exceed its long term liabilities ($1.1M).
Debt to Equity History and Analysis
Debt Level: MTEK has more cash than its total debt.
Reducing Debt: Insufficient data to determine if MTEK's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MTEK has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MTEK has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 38.8% each year.