Sono-Tek Balance Sheet Health
Financial Health criteria checks 6/6
Sono-Tek has a total shareholder equity of $17.0M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $22.9M and $5.9M respectively. Sono-Tek's EBIT is $1.2M making its interest coverage ratio -2.3. It has cash and short-term investments of $11.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -2.3x |
| Cash | US$11.62m |
| Equity | US$17.05m |
| Total liabilities | US$5.87m |
| Total assets | US$22.92m |
Recent financial health updates
Recent updates
Returns Are Gaining Momentum At Sono-Tek (NASDAQ:SOTK)
Oct 16
Additional Considerations Required While Assessing Sono-Tek's (NASDAQ:SOTK) Strong Earnings
Jun 05There's Been No Shortage Of Growth Recently For Sono-Tek's (NASDAQ:SOTK) Returns On Capital
Apr 08Sono-Tek Corporation Just Beat EPS By 60%: Here's What Analysts Think Will Happen Next
Jan 19Sono-Tek GAAP EPS of $0.03, revenue of $7.81M beats by $4.2M
Oct 17Sono-Tek announces $1.1M order from clean energy sector
Aug 16Sono-Tek GAAP EPS of $0.02, revenue of $4.05M, provides Q2 guidance
Jul 18Financial Position Analysis
Short Term Liabilities: SOTK's short term assets ($18.5M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: SOTK's short term assets ($18.5M) exceed its long term liabilities ($311.8K).
Debt to Equity History and Analysis
Debt Level: SOTK is debt free.
Reducing Debt: SOTK has no debt compared to 5 years ago when its debt to equity ratio was 9%.
Debt Coverage: SOTK has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SOTK has no debt, therefore coverage of interest payments is not a concern.