Sono-Tek Balance Sheet Health
Financial Health criteria checks 6/6
Sono-Tek has a total shareholder equity of $16.1M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $22.7M and $6.6M respectively. Sono-Tek's EBIT is $1.2M making its interest coverage ratio -2.7. It has cash and short-term investments of $12.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -2.7x |
| Cash | US$12.59m |
| Equity | US$16.07m |
| Total liabilities | US$6.62m |
| Total assets | US$22.68m |
Recent financial health updates
Recent updates
There's Been No Shortage Of Growth Recently For Sono-Tek's (NASDAQ:SOTK) Returns On Capital
Apr 08
Sono-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 ($18.7M) exceed its short term liabilities ($6.6M).
Long Term Liabilities: SOTK has no long term liabilities.
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 10.7%.
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.