CTS Balance Sheet Health
Financial Health criteria checks 6/6
CTS has a total shareholder equity of $526.8M and total debt of $67.5M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are $741.2M and $214.3M respectively. CTS's EBIT is $82.0M making its interest coverage ratio -63.4. It has cash and short-term investments of $165.0M.
Key information
12.8%
Debt to equity ratio
US$67.50m
Debt
| Interest coverage ratio | -63.4x |
| Cash | US$165.00m |
| Equity | US$526.82m |
| Total liabilities | US$214.35m |
| Total assets | US$741.17m |
Recent financial health updates
Is CTS (NYSE:CTS) A Risky Investment?
Dec 12
We Think CTS (NYSE:CTS) Can Stay On Top Of Its Debt
Sep 06Is CTS (NYSE:CTS) Using Too Much Debt?
May 23CTS (NYSE:CTS) Has A Pretty Healthy Balance Sheet
Feb 04These 4 Measures Indicate That CTS (NYSE:CTS) Is Using Debt Safely
Oct 05CTS (NYSE:CTS) Could Easily Take On More Debt
May 12Recent updates
Returns At CTS (NYSE:CTS) Appear To Be Weighed Down
Feb 07What You Can Learn From CTS Corporation's (NYSE:CTS) P/E
Jan 15Does CTS (NYSE:CTS) Deserve A Spot On Your Watchlist?
Dec 28Is CTS (NYSE:CTS) A Risky Investment?
Dec 12A Look At The Fair Value Of CTS Corporation (NYSE:CTS)
Oct 30Slowing Rates Of Return At CTS (NYSE:CTS) Leave Little Room For Excitement
Oct 15We Think CTS (NYSE:CTS) Can Stay On Top Of Its Debt
Sep 06CTS Corporation: No Longer Rolling
Aug 01A Look At The Fair Value Of CTS Corporation (NYSE:CTS)
Jul 08Is CTS (NYSE:CTS) Using Too Much Debt?
May 23CTS (NYSE:CTS) Has More To Do To Multiply In Value Going Forward
May 02Is CTS Corporation (NYSE:CTS) Worth US$46.1 Based On Its Intrinsic Value?
Mar 21CTS Corporation Non-GAAP EPS of $0.56 misses by $0.01, revenue of $142.28M misses by $6.28M, initiates FY23 guidance
Feb 07CTS (NYSE:CTS) Has A Pretty Healthy Balance Sheet
Feb 04CTS Corporation declares $0.04 dividend
Nov 11Is CTS Corporation (NYSE:CTS) Worth US$36.2 Based On Its Intrinsic Value?
Oct 27CTS Corporation Non-GAAP EPS of $0.62 misses by $0.02, revenue of $151.9M beats by $2.58M, updates FY revenue guidance
Oct 26These 4 Measures Indicate That CTS (NYSE:CTS) Is Using Debt Safely
Oct 05CTS Corporation declares $0.04 dividend
Aug 31At US$42.78, Is It Time To Put CTS Corporation (NYSE:CTS) On Your Watch List?
Aug 17CTS Corporation Non-GAAP EPS of $0.62 in-line, revenue of $145M misses by $1.18M
Jul 26CTS completes acquisition of Ferroperm Piezoceramics from Meggitt
Jun 30Investors Met With Slowing Returns on Capital At CTS (NYSE:CTS)
Jun 10CTS (NYSE:CTS) Could Easily Take On More Debt
May 12CTS Corporation: Engineering Solutions
Mar 09Investors Met With Slowing Returns on Capital At CTS (NYSE:CTS)
Feb 15A Look At The Intrinsic Value Of CTS Corporation (NYSE:CTS)
Jan 11CTS (NYSE:CTS) Has Debt But No Earnings; Should You Worry?
Nov 27Be Wary Of CTS (NYSE:CTS) And Its Returns On Capital
Oct 16Here's Why We Think CTS (NYSE:CTS) Is Well Worth Watching
Sep 07Is CTS (NYSE:CTS) Using Too Much Debt?
Jul 20CTS Corporation (NYSE:CTS) Shares Could Be 22% Above Their Intrinsic Value Estimate
Jul 01Financial Position Analysis
Short Term Liabilities: CTS's short term assets ($319.3M) exceed its short term liabilities ($97.0M).
Long Term Liabilities: CTS's short term assets ($319.3M) exceed its long term liabilities ($117.3M).
Debt to Equity History and Analysis
Debt Level: CTS has more cash than its total debt.
Reducing Debt: CTS's debt to equity ratio has reduced from 13.2% to 12.8% over the past 5 years.
Debt Coverage: CTS's debt is well covered by operating cash flow (131.6%).
Interest Coverage: CTS earns more interest than it pays, so coverage of interest payments is not a concern.