Financial leverage has increased significantly, with the debt-to-equity ratio rising from 0.68 in 2023Q4 to 1.29 in 2026Q1 as equity base erosion continues.
| Total Current Assets | 14.36M | 15.14M | 13.9M | 15.15M | 10.77M | 666.51K |
| Cash & Short-Term Investments | 617.01K | 358.87K | 598.79K | 2.16M | 526.18K | 494.6K |
| Cash Only | 617.01K | 358.87K | 598.79K | 2.16M | 526.18K | 494.6K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.44M | 6.24M | 5.75M | 6.8M | 5.93M | 0 |
| Days Sales Outstanding | 78.03 | 81.12 | 73.76 | 84.3 | 77.69 | - |
| Inventory | 7.8M | 7.88M | 6.95M | 5.83M | 3.63M | 0 |
| Days Inventory Outstanding | 129.03 | 133.52 | 111.57 | 98.95 | 60.96 | - |
| Other Current Assets | 509.11K | 655.83K | 596.59K | 359.44K | 554.96K | 0 |
| Total Non-Current Assets | 9.14M | 9.17M | 14.06M | 13.12M | 12.26M | 146.76M |
| Property, Plant & Equipment | 9.14M | 9.17M | 11.67M | 11.1M | 11.69M | 0 |
| Fixed Asset Turnover | 2.86x | 3.06x | 2.44x | 2.65x | 2.38x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 295K | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 146.63M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 135.04K |
| Total Assets | 23.5M | 24.31M | 27.96M | 28.27M | 23.03M | 147.43M |
| Asset Turnover | 1.13x | 1.16x | 1.02x | 1.04x | 1.21x | 0.18x |
| Asset Growth % | -35.53% | -13.03% | -1.12% | 22.76% | -84.38% | - |
| Total Current Liabilities | 11.22M | 11.23M | 10.57M | 11.38M | 9.45M | 204.09K |
| Accounts Payable | 2.43M | 2.69M | 2.71M | 3.04M | 412.06K | 0 |
| Days Payables Outstanding | 38.14 | 45.58 | 43.43 | 51.6 | 6.93 | - |
| Short-Term Debt | 7.68M | 7.26M | 7.02M | 6.9M | 8.04M | 0 |
| Deferred Revenue (Current) | 175.21K | 66.42K | 36.51K | 0 | 348.1K | 0 |
| Other Current Liabilities | 855.91K | 0 | 814.6K | 1.07M | 539.97K | 204.09K |
| Current Ratio | 1.28x | 1.35x | 1.31x | 1.33x | 1.14x | 3.27x |
| Quick Ratio | 0.59x | 0.65x | 0.66x | 0.82x | 0.76x | 3.27x |
| Cash Conversion Cycle | 168.92 | 169.06 | 141.9 | 131.66 | 131.72 | - |
| Total Non-Current Liabilities | 3.57M | 3.54M | 6.35M | 3.82M | 4.12M | 5.03M |
| Long-Term Debt | 2.25M | 2.13M | 2.61M | 2.02M | 1.91M | 0 |
| Capital Lease Obligations | 5.85M | 1.41M | 1.78M | 0 | 49.85K | 0 |
| Deferred Tax Liabilities | 0 | 0 | 1.95M | 1.8M | 1.85M | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 11.77K | 5.03M |
| Total Liabilities | 14.78M | 14.77M | 16.92M | 15.21M | 13.57M | 5.24M |
| Total Debt | 11.25M | 11.16M | 11.41M | 8.93M | 10M | 0 |
| Net Debt | 10.63M | 10.8M | 10.82M | 6.77M | 9.48M | -494.6K |
| Debt / Equity | 1.29x | 1.17x | 1.03x | 0.68x | 1.06x | - |
| Debt / EBITDA | 18.14x | 5.33x | 60.29x | 2.07x | 3.83x | - |
| Net Debt / EBITDA | 17.15x | 5.16x | 57.13x | 1.57x | 3.63x | -0.11x |
| Interest Coverage | -2.29x | -0.70x | -2.91x | 2.92x | -0.75x | 18.33x |
| Total Equity | 8.72M | 9.54M | 11.03M | 13.06M | 9.46M | 142.19M |
| Equity Growth % | -65.11% | -13.53% | -15.54% | 38.1% | -93.35% | - |
| Book Value per Share | 0.24 | 0.26 | 0.30 | 0.40 | 0.30 | 7.42 |
| Total Shareholders' Equity | 8.72M | 9.54M | 11.03M | 13.06M | 9.46M | 142.19M |
| Common Stock | 3.7K | 7.38K | 3.67K | 3.67K | 3.16K | 146.63M |
| Retained Earnings | 5.96M | 6.86M | 8.65M | 11.13M | 9.22M | -4.43M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Critical liquidity and solvency
As reported in recent financial filings, Syntec Optics' total equity has declined from $13.1 million in 2023Q4 to $8.7 million in 2026Q1, signaling a persistent erosion of the company's net worth as operating losses continue to consume the firm's capital base.
The consistent downward trend in equity suggests that the business model is currently unable to generate sufficient returns to offset its operational overhead. Investors should monitor whether this trajectory necessitates further dilutive equity financing to stabilize the balance sheet.
Based on the provided data, the company's debt-to-equity ratio has climbed from 0.68 in 2023Q4 to 1.29 in 2026Q1, indicating that management is increasingly relying on debt to fund operations as internal cash generation remains insufficient to cover fixed costs.
This shift toward higher leverage in a period of revenue contraction warrants caution, as it increases the company's sensitivity to interest rate fluctuations and refinancing risks. The reliance on debt appears to be a necessity-driven response to operational cash burn rather than a strategic capital allocation decision.
According to the latest quarterly figures, cash and equivalents have plummeted to just $617,000 as of 2026Q1, down from over $2.2 million in 2023Q4, leaving the company with a razor-thin buffer against potential operational disruptions or unexpected capital requirements.
The current liquidity profile appears highly vulnerable, as the company lacks the cash reserves typically required to navigate cyclical downturns in the defense and medical sectors. This limited runway suggests that the firm may face significant pressure to secure external funding in the near term.
As indicated by the balance sheet, net property, plant, and equipment (PPE) constitutes the vast majority of total assets, with $9.1 million in 2026Q1, reflecting the capital-intensive nature of the company's specialized optical manufacturing and clean room infrastructure.
The concentration of assets in specialized machinery implies that the company's value is highly dependent on its ability to maintain high capacity utilization rates. If production volumes do not recover, the risk of asset impairment or underutilization charges may increase, further pressuring the company's financial health.
Quick answers to the most common questions about buying OPTX stock.
As of 2025, Syntec Optics Holdings, Inc. (OPTX) had total assets of $24.3M including $15.1M in current assets.
Syntec Optics Holdings, Inc. (OPTX) carries total debt of $11.2M, offset by $0.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Syntec Optics Holdings, Inc. (OPTX) has total shareholders' equity (book value) of $9.5M ($0.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Syntec Optics Holdings, Inc. (OPTX) reported a current ratio of 1.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.