This company has been acquired
Inrad Optics Balance Sheet Health
Financial Health criteria checks 6/6
Inrad Optics has a total shareholder equity of $7.6M and total debt of $2.8M, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are $12.5M and $5.0M respectively. Inrad Optics's EBIT is $1.7M making its interest coverage ratio 12.3. It has cash and short-term investments of $2.5M.
Key information
37.0%
Debt to equity ratio
US$2.80m
Debt
| Interest coverage ratio | 12.3x |
| Cash | US$2.50m |
| Equity | US$7.56m |
| Total liabilities | US$4.98m |
| Total assets | US$12.54m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: INRD's short term assets ($8.0M) exceed its short term liabilities ($4.7M).
Long Term Liabilities: INRD's short term assets ($8.0M) exceed its long term liabilities ($281.0K).
Debt to Equity History and Analysis
Debt Level: INRD's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: INRD's debt to equity ratio has reduced from 107.6% to 37% over the past 5 years.
Debt Coverage: INRD's debt is well covered by operating cash flow (39.3%).
Interest Coverage: INRD's interest payments on its debt are well covered by EBIT (12.3x coverage).