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Sono Tek Corp (NASDAQ: SOTK) |
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Sono Tek's Tangible Leverage Ratio
SOTK's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth
Due to net new borrowing of 18.19%, Tangible Leverage Ratio fell to 0.4, below the Sono Tek's average Tangible Leverage Ratio.
Within Industrial Machinery and Components industry in the third quarter 2024 only one company has achieved lower Tangible Leverage Ratio than Sono Tek during the third quarter 2024. While Tangible Leverage Ratio total ranking has deteriorated compared to the second quarter 2024 from 13 to 21 .
Explain Tangible Leverage Ratio?
What is SOTK Market Share?
What are SOTK´s Total Liabilities?
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Select the Comparisons :
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Select the Ratio:
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Tangible Leverage Ratio ▼
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Tangible Leverage Ratio ▼
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| SOTK Tangible Leverage Ratio |
(Nov 30 2024)
Q3 |
(Aug 31 2024)
Q2 |
(May 31 2024)
Q1 |
(Feb 29 2024)
Q4 |
(Nov 30 2023)
Q3 |
| Y / Y Tangible Equity Change |
8.41 % |
11.38 % |
13.19 % |
11.35 % |
11.02 % |
| Y / Y Total Liabilities Change |
99.72 % |
100.47 % |
11.78 % |
23.69 % |
-30.5 % |
| Tangible Leverage Ratio MRQ |
0.4 |
0.35 |
0.41 |
0.42 |
0.22 |
| SOTK's Total
Ranking |
# 21 |
# 13 |
# 31 |
# 541 |
# 365 |
| Seq. Tangible Equity Change |
2.09 % |
2.32 % |
2.39 % |
1.35 % |
4.89 % |
| Seq. Total Liabilities Change |
18.19 % |
-14.83 % |
0.54 % |
97.35 % |
18.63 % |
| Tangible Leverage Ratio third quarter 2024 Company Ranking |
| Within: |
No. |
| Industrial Machinery and Components Industry |
# 2 |
| Capital Goods Sector |
# 3 |
| Overall Market |
# 21 |
| Tangible Leverage Ratio Statistics |
| High |
Average |
Low |
| 0.63 |
0.44 |
0.19 |
| (Feb 29 2012) |
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(Aug 31 2023) |
Cumulative Sono Tek's Tangible Leverage Ratio
SOTK's Tangible Leverage Ratio for the trailling 12 Months
SOTK Tangible Leverage Ratio |
(Nov 30 2024)
12 Months |
(Aug 31 2024)
12 Months |
(May 31 2024)
12 Months |
(Feb 29 2024)
12 Months |
(Nov 30 2023)
12 Months |
| Y / Y Tangible Equity TTM Growth |
8.41 % |
11.38 % |
13.19 % |
11.35 % |
11.02 % |
| Y / Y Total Liabilities TTM Growth |
99.72 % |
100.47 % |
11.78 % |
23.69 % |
-30.5 % |
| Tangible Leverage Ratio TTM |
0.39 |
0.35 |
0.31 |
0.31 |
0.3 |
| Total
Ranking TTM |
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| Seq. Tangible Equity TTM Growth |
2.09 % |
2.32 % |
2.39 % |
1.35 % |
4.89 % |
| Seq. Total Liabilities TTM Growth |
18.19 % |
-14.83 % |
0.54 % |
97.35 % |
18.63 % |
On the trailing twelve months basis Due to the net new borrowing of 18.19% during the trailing twelve months finishing in the Q3 2024, cumulativeTangible Leverage Ratio improved to 0.39, below the Sono Tek's average Tangible Leverage Ratio. Tangible Leverage Ratio is the average cumulative value over the last four quarters.
Among companies in the Industrial Machinery and Components industry only one has achieved lower Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has deteriorated during the twelve months ending in the Q3 2024, compared to the prior period, from 1 to 0.
Explain Tangible Leverage Ratio?
What is SOTK Market Share?
What are SOTK´s Total Liabilities?
| TTM Tangible Leverage Ratio Company Ranking |
| Within: |
No. |
| Within the Industrial Machinery and Components Industry |
# 2 |
| Capital Goods Sector |
# 3 |
| Within the Market |
# 21 |
| trailing twelve months Tangible Leverage Ratio Statistics |
| High |
Average |
Low |
| 0.63 |
0.44 |
0.19 | | (Feb 29 2012) |
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(Aug 31 2023) |
| Companies with similar Tangible Leverage Ratio in the quarter ending Nov 30 2024, within Industrial Machinery and Components Industry | Tangible Leverage Ratio | Nov 30 2024 MRQ Total Liabilities | Nov 30 2024 MRQ Tangible Equity | | Lindsay Corporation | 0.74 | $ 282.542 Millions | $ 379.927 Millions | | Greystone Logistics Inc | 0.70 | $ 16.667 Millions | $ 23.823 Millions | | Sono Tek Corp | 0.40 | $ 6.936 Millions | $ 17.361 Millions | | Taylor Devices Inc | 0.13 | $ 7.063 Millions | $ 55.517 Millions |
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Date modified: 2025-01-13T17:57:14+00:00
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