Socket Mobile Balance Sheet Health

Financial Health criteria checks 3/6

Socket Mobile has a total shareholder equity of $17.2M and total debt of $4.0M, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are $27.2M and $9.9M respectively.

Key information

23.04%

Debt to equity ratio

US$3.97m

Debt

Interest coverage ration/a
CashUS$1.71m
EquityUS$17.24m
Total liabilitiesUS$9.92m
Total assetsUS$27.16m

Recent financial health updates

Recent updates

Optimistic Investors Push Socket Mobile, Inc. (NASDAQ:SCKT) Shares Up 26% But Growth Is Lacking

May 10
Optimistic Investors Push Socket Mobile, Inc. (NASDAQ:SCKT) Shares Up 26% But Growth Is Lacking

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Feb 01
We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Socket Mobile, Inc.'s (NASDAQ:SCKT) 27% Share Price Surge Not Quite Adding Up

Nov 21
Socket Mobile, Inc.'s (NASDAQ:SCKT) 27% Share Price Surge Not Quite Adding Up

We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

Aug 05
We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt

There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise

May 21
There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise

Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?

Oct 22
Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?

Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital

Jan 12
Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital

Socket Mobile updates barcode scanners to support iOS 16

Sep 26

We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease

Sep 20
We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease

Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing

Jun 08
Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing

Estimating The Fair Value Of Socket Mobile, Inc. (NASDAQ:SCKT)

May 03
Estimating The Fair Value Of Socket Mobile, Inc. (NASDAQ:SCKT)

Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?

Feb 11
Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?

Socket Mobile: Management's Ability To Weather Supply Chain Disruption Is Unparalleled

Dec 01

Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings

Nov 19
Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings

Financial Position Analysis

Short Term Liabilities: SCKT's short term assets ($9.8M) exceed its short term liabilities ($7.8M).

Long Term Liabilities: SCKT's short term assets ($9.8M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: SCKT's net debt to equity ratio (13.1%) is considered satisfactory.

Reducing Debt: SCKT's debt to equity ratio has increased from 16.2% to 23% over the past 5 years.

Debt Coverage: SCKT's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if SCKT's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/11 22:30
End of Day Share Price 2025/06/11 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Socket Mobile, Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew GalinkoSidoti & Company, LLC
Laura EngelStonegate Capital Markets, Inc.
Marco RodriguezStonegate Capital Markets, Inc.