Sono Tek Debt-to-Assets Ratio Growth & History (SOTK)

Sono Tek's debt-to-assets ratio was 0.06 for fiscal 2021.

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Sono Tek annual debt-to-assets ratio history

Sono Tek annual debt-to-assets ratio

Fiscal yearPeriod endedDebt-to-assets ratioChangeGrowth
20212021-02-280.060.01+27.05%
20202020-02-290.05−0.02−32.73%
20192019-02-280.07−0.02−18.13%
20182018-02-280.09−0.02−20.46%
20172017-02-280.11−0.01−11.42%
20162016-02-290.12−0.01−10.10%
20152015-02-280.14−0.03−19.46%
20142014-02-280.17−0.06−26.71%
20132013-02-280.23−0.00−1.13%
20122012-02-290.24−0.03−10.78%
20112011-02-280.26

Sono Tek debt-to-assets ratio trends

Over the last five fiscal years, Sono Tek's debt-to-assets ratio decreased from 0.12 to 0.06, a change of −0.06. The latest reported quarter, Q4 2021, shows 0.06.

About the metric

What the debt-to-assets ratio means

The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.

Calculation and source

How debt-to-assets is calculated

TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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