This company has been acquired
TESSCO Technologies Balance Sheet Health
Financial Health criteria checks 2/6
TESSCO Technologies has a total shareholder equity of $73.1M and total debt of $70.3M, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are $232.6M and $159.5M respectively.
Key information
96.2%
Debt to equity ratio
US$70.31m
Debt
| Interest coverage ratio | n/a |
| Cash | US$777.20k |
| Equity | US$73.12m |
| Total liabilities | US$159.48m |
| Total assets | US$232.60m |
Recent financial health updates
TESSCO Technologies (NASDAQ:TESS) Is Carrying A Fair Bit Of Debt
Nov 08
Here's Why TESSCO Technologies (NASDAQ:TESS) Can Afford Some Debt
Apr 13Is TESSCO Technologies (NASDAQ:TESS) A Risky Investment?
Dec 25
Recent updates
TESSCO Technologies (NASDAQ:TESS) Is Carrying A Fair Bit Of Debt
Nov 08TESSCO Technologies EPS misses by $0.09, misses on revenue
May 10Here's Why TESSCO Technologies (NASDAQ:TESS) Can Afford Some Debt
Apr 13A Look At TESSCO Technologies' (NASDAQ:TESS) Share Price Returns
Feb 16TESSCO Technologies EPS of -$0.11
Feb 01Is TESSCO Technologies (NASDAQ:TESS) A Risky Investment?
Dec 25TESS makes third settlement proposal to Robert Barnhill to end consent solicitation
Nov 24TESSCO Technologies (TESS) Investor Presentation - Slideshow
Nov 19TESSCO Technologies EPS beats by $0.31, misses on revenue
Oct 28Financial Position Analysis
Short Term Liabilities: TESS's short term assets ($164.4M) exceed its short term liabilities ($83.2M).
Long Term Liabilities: TESS's short term assets ($164.4M) exceed its long term liabilities ($76.3M).
Debt to Equity History and Analysis
Debt Level: TESS's net debt to equity ratio (95.1%) is considered high.
Reducing Debt: TESS's debt to equity ratio has increased from 9.8% to 96.2% over the past 5 years.
Debt Coverage: TESS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if TESS's interest payments on its debt are well covered by EBIT.