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

Sono Tek's debt-to-equity ratio was 0.09 for fiscal 2021.

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Sono Tek annual debt-to-equity ratio history

Sono Tek annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20212021-02-280.090.02+26.43%
20202020-02-290.07−0.03−28.66%
20192019-02-280.10−0.02−17.10%
20182018-02-280.12−0.03−17.61%
20172017-02-280.15−0.02−13.74%
20162016-02-290.17−0.03−16.80%
20152015-02-280.21−0.05−19.56%
20142014-02-280.26−0.10−27.07%
20132013-02-280.35−0.03−8.34%
20122012-02-290.38−0.10−20.83%
20112011-02-280.49

Sono Tek debt-to-equity ratio trends

Over the last five fiscal years, Sono Tek's debt-to-equity ratio decreased from 0.17 to 0.09, a change of −0.08. The latest reported quarter, Q4 2021, shows 0.09.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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