Socket Mobile Balance Sheet Health
Financial Health criteria checks 4/6
Socket Mobile has a total shareholder equity of $18.8M and total debt of $3.0M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are $28.0M and $9.2M respectively.
Key information
15.9%
Debt to equity ratio
US$2.99m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.12m |
| Equity | US$18.83m |
| Total liabilities | US$9.22m |
| Total assets | US$28.04m |
Recent financial health updates
We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt
Aug 05
Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?
Oct 22Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?
Feb 11Recent updates
We Think Socket Mobile (NASDAQ:SCKT) Has A Fair Chunk Of Debt
Aug 05There's No Escaping Socket Mobile, Inc.'s (NASDAQ:SCKT) Muted Revenues Despite A 47% Share Price Rise
May 21Does Socket Mobile (NASDAQ:SCKT) Have A Healthy Balance Sheet?
Oct 22Some Investors May Be Worried About Socket Mobile's (NASDAQ:SCKT) Returns On Capital
Jan 12Socket Mobile updates barcode scanners to support iOS 16
Sep 26We Ran A Stock Scan For Earnings Growth And Socket Mobile (NASDAQ:SCKT) Passed With Ease
Sep 20Return Trends At Socket Mobile (NASDAQ:SCKT) Aren't Appealing
Jun 08Estimating The Fair Value Of Socket Mobile, Inc. (NASDAQ:SCKT)
May 03Is Socket Mobile (NASDAQ:SCKT) Using Too Much Debt?
Feb 11Socket Mobile: Management's Ability To Weather Supply Chain Disruption Is Unparalleled
Dec 01Shareholders Shouldn’t Be Too Comfortable With Socket Mobile's (NASDAQ:SCKT) Strong Earnings
Nov 19Socket Mobile: An Amazing Economy Re-Opening Play
Sep 27Socket Mobile's (NASDAQ:SCKT) Returns On Capital Not Reflecting Well On The Business
Aug 30Socket Mobile: An Asset Light Undervalued Powerhouse
Jul 15Socket Mobile skyrockets on contactless reader clearing Google Wallet Certification
Nov 18Socket Mobile launches Durasled for iPhone SE 2020
Nov 04Socket Mobile share jumps 40% PM on SocketScan achieving Apple Pay compatibility
Oct 28Financial Position Analysis
Short Term Liabilities: SCKT's short term assets ($10.7M) exceed its short term liabilities ($6.6M).
Long Term Liabilities: SCKT's short term assets ($10.7M) exceed its long term liabilities ($2.6M).
Debt to Equity History and Analysis
Debt Level: SCKT's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: SCKT's debt to equity ratio has reduced from 18.9% to 15.9% 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.