Socket Mobile Balance Sheet Health
Financial Health criteria checks 2/6
Socket Mobile has a total shareholder equity of $3.5M and total debt of $6.0M, which brings its debt-to-equity ratio to 168.7%. Its total assets and total liabilities are $13.9M and $10.4M respectively.
Key information
168.70%
Debt to equity ratio
US$5.99m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.71m |
| Equity | US$3.55m |
| Total liabilities | US$10.35m |
| Total assets | US$13.90m |
Recent financial health updates
Is Socket Mobile (NASDAQ:SCKT) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Recent updates
Financial Position Analysis
Short Term Liabilities: SCKT's short term assets ($8.5M) exceed its short term liabilities ($8.2M).
Long Term Liabilities: SCKT's short term assets ($8.5M) exceed its long term liabilities ($2.2M).
Debt to Equity History and Analysis
Debt Level: SCKT's net debt to equity ratio (120.5%) is considered high.
Reducing Debt: SCKT's debt to equity ratio has increased from 16% to 168.7% 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 10:02 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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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 1 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.
| Analyst | Institution |
|---|---|
| Matthew Galinko | Sidoti & Company, LLC |