The company maintains a robust financial position with zero debt and a current ratio of 3.46 as of 2026Q4, supporting a stable asset base that has grown to $26.4M.
| Metric | Feb'26 | Feb'25 | Feb'24 | Feb'23 | Feb'22 | Feb'21 | Feb'20 | Feb'19 | Feb'18 | Feb'17 | Feb'16 | Feb'15 | Feb'14 | Feb'13 | Feb'12 | Feb'11 | Feb'10 | Feb'09 | Feb'08 | Feb'07 | Feb'06 | Feb'05 | Feb'04 | Feb'03 | Feb'02 | Feb'01 | Feb'00 | Feb'99 | Feb'98 | Feb'97 |
|---|
| Total Current Assets | 22.83M | 18.99M | 18.75M | 16.58M | 14.5M | 13.17M | 11.34M | 8.96M | 8.69M | 7.83M | 7.51M | 7.4M | 6.56M | 5.77M | 6.21M | 4.91M | 4.58M | 4.04M | 4.7M | 4.96M | 4.55M | 2.8M | 2.11M | 1.49M | 1.67M | 1.49M | 2.94M | 1.16M | 1.56M | 1.14M |
| Cash & Short-Term Investments | 14.81M | 11.93M | 11.85M | 11.44M | 10.71M | 8.65M | 7.88M | 5.51M | 6.42M | 4.9M | 4.08M | 4.22M | 3.86M | 2.92M | 2.79M | 1.93M | 1.79M | 1.47M | 2.34M | 2.27M | 1.74M | 421.04K | 189.99K | 265.66K | 453.21K | 3.23K | 8.18K | 70K | 110K | 110K |
| Cash Only | 7.34M | 5.2M | 2.13M | 3.35M | 4.84M | 4.08M | 3.66M | 3.14M | 2.02M | 2.56M | 2.39M | 2.56M | 3.23M | 1.94M | 2.53M | 1.68M | 1.79M | 1.47M | 2.34M | 2.27M | 1.74M | 421.04K | 189.99K | 265.66K | 453.21K | 3.23K | 8.18K | 70K | 110K | 110K |
| Short-Term Investments | 7.47M | 6.73M | 9.71M | 8.09M | 5.87M | 4.56M | 4.22M | 2.37M | 4.41M | 2.34M | 1.7M | 1.65M | 630.79K | 975.91K | 253.99K | 249.1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.35M | 2.35M | 1.47M | 1.63M | 1.09M | 1.76M | 929.7K | 1.4M | 774.78K | 1.15M | 1.21M | 1.03M | 860.3K | 941.03K | 754.61K | 976.34K | 974.43K | 801.29K | 614.38K | 946.83K | 955.09K | 813.7K | 813.84K | 375.04K | 380.09K | 593.61K | 720.01K | 260K | 810K | 530K |
| Days Sales Outstanding | 58.5 | 41.79 | 27.25 | 39.6 | 23.27 | 43.26 | 22.1 | 43.95 | 25.69 | 43.19 | 37.47 | 34.63 | 30.55 | 35.99 | 22.85 | 35.94 | 49.11 | 45.64 | 39.35 | 50.18 | 50.74 | 51.18 | 84.83 | 43.35 | 39.99 | 50.31 | 54.78 | 32.72 | 82.82 | 62.2 |
| Inventory | 3.92M | 4.47M | 5.22M | 3.24M | 2.37M | 2.61M | 2.38M | 1.66M | 1.35M | 1.34M | 1.95M | 2.06M | 1.67M | 1.83M | 2.56M | 1.87M | 1.76M | 1.66M | 1.6M | 1.41M | 1.52M | 1.34M | 905.47K | 794.67K | 768.71K | 796.7K | 1.22M | 790K | 620K | 470K |
| Days Inventory Outstanding | 138.37 | 151.7 | 193.4 | 159.82 | 101.67 | 121.63 | 108.11 | 95.13 | 86.53 | 93.56 | 114.6 | 133.4 | 110.24 | 133.26 | 158.68 | 132.6 | 179.74 | 170.64 | 192.74 | 149.9 | 161.2 | 185.02 | 219.6 | 209.78 | 216.68 | 166.14 | 180.89 | 177.99 | 130.06 | 112.86 |
| Other Current Assets | 743.29K | 236.26K | 207.74K | 254.05K | 323.3K | 151.32K | 153.7K | 395K | 139.41K | 442.45K | 154.91K | 94.49K | 160.37K | 79.61K | 112.39K | 131.4K | 57.77K | 98.81K | 70K | 270K | 270K | 117K | 117K | 0 | 0 | 0 | 1.53M | 40K | 20K | 30K |
| Total Non-Current Assets | 3.59M | 4.42M | 4.39M | 3.6M | 3.13M | 3.26M | 3.4M | 3.24M | 3.09M | 2.9M | 3.16M | 3.4M | 3.22M | 3.3M | 3.52M | 3.03M | 598.71K | 653.06K | 1.19M | 750.51K | 609.39K | 638.2K | 563.43K | 132.19K | 187.72K | 721.4K | 1.57M | 180K | 170K | 110K |
| Property, Plant & Equipment | 2.42M | 2.86M | 3.08M | 2.87M | 2.81M | 2.9M | 3.12M | 2.78M | 2.56M | 2.75M | 2.99M | 2.93M | 2.96M | 3.1M | 3.1M | 2.94M | 514.62K | 588.11K | 536.89K | 301.36K | 257.3K | 140.13K | 57.84K | 84.88K | 141.51K | 209.68K | 256.99K | 130K | 120K | 60K |
| Fixed Asset Turnover | 8.63x | 7.17x | 6.39x | 5.24x | 6.09x | 5.11x | 4.93x | 4.17x | 4.31x | 3.54x | 3.96x | 3.71x | 3.47x | 3.07x | 3.89x | 3.37x | 14.07x | 10.90x | 10.61x | 22.85x | 26.70x | 41.41x | 60.54x | 37.20x | 24.52x | 20.54x | 18.67x | 22.31x | 29.75x | 51.83x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 29.79K | 37.39K | 47.57K | 57.2K | 76.02K | 95.46K | 106.29K | 122.94K | 136.58K | 153.33K | 174.03K | 175.41K | 171.83K | 106.02K | 83.45K | 79.15K | 76.91K | 801.29K | 614.38K | 946.83K | 29.92K | 22.89K | 31.05K | 40.77K | 38.54K | 51.1K | 1.3M | 40K | 50K | 50K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.54K | 7.17K | 7.17K | 7.17K | 7.17K | 7.17K | 7.17K | 6.54K | 6.54K | 7.67K | 460.63K | 19.89K | 10K | 0 | 0 |
| Total Assets | 26.42M | 23.41M | 23.13M | 20.17M | 17.63M | 16.42M | 14.74M | 12.2M | 11.78M | 10.74M | 10.67M | 10.59M | 9.78M | 9.07M | 9.48M | 7.94M | 5.18M | 4.69M | 5.89M | 5.71M | 5.16M | 3.44M | 2.67M | 1.62M | 1.86M | 2.21M | 4.51M | 1.34M | 1.73M | 1.25M |
| Asset Turnover | 0.79x | 0.88x | 0.85x | 0.75x | 0.97x | 0.90x | 1.04x | 0.95x | 0.93x | 0.91x | 1.11x | 1.02x | 1.05x | 1.05x | 1.27x | 1.25x | 1.40x | 1.37x | 0.97x | 1.21x | 1.33x | 1.69x | 1.31x | 1.94x | 1.87x | 1.95x | 1.06x | 2.16x | 2.06x | 2.49x |
| Asset Growth % | 12.86% | 1.21% | 14.66% | 14.46% | 7.32% | 11.4% | 20.85% | 3.57% | 9.72% | 0.62% | 0.74% | 8.3% | 7.86% | -4.35% | 19.39% | 53.39% | 10.38% | -20.39% | 3.11% | 10.61% | 50.1% | 28.68% | 64.66% | -12.62% | -16% | -51% | 236.88% | -22.54% | 38.4% | 4.17% |
| Total Current Liabilities | 6.59M | 5.49M | 6.62M | 5.46M | 3.72M | 4.27M | 4.17M | 2.54M | 2.13M | 1.45M | 1.65M | 2.13M | 1.81M | 1.09M | 1.56M | 1.59M | 1.5M | 1.14M | 905.75K | 728.95K | 854.62K | 1.13M | 1.32M | 964.3K | 1.17M | 2.12M | 2.9M | 890K | 860K | 720K |
| Accounts Payable | 1.04M | 859.48K | 1.05M | 810.86K | 684.51K | 1.29M | 668.72K | 585.69K | 652.86K | 336.56K | 475.3K | 584.96K | 556.19K | 408.74K | 552.98K | 643.32K | 595.17K | 385.82K | 412.69K | 209.2K | 330.7K | 292.73K | 245.98K | 149.92K | 280.55K | 841.27K | 482.77K | 482.77K | 410K | 0 |
| Days Payables Outstanding | 36.64 | 29.14 | 38.88 | 39.96 | 29.32 | 60.3 | 30.35 | 33.61 | 41.72 | 23.49 | 28 | 37.89 | 36.61 | 29.78 | 34.29 | 45.66 | 60.88 | 39.58 | 49.64 | 22.3 | 35.06 | 40.47 | 59.66 | 39.58 | 79.08 | 175.43 | 71.32 | 108.77 | 86.01 | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 169.72K | 162.82K | 156.12K | 149.7K | 143.39K | 158.18K | 191.47K | 126K | 120.3K | 62.25K | 365.73K | 273.63K | 23.91K | 27.37K | 25.41K | 350K | 636.33K | 570.1K | 631.95K | 907.77K | 684.26K | 290K | 50K | 0 |
| Deferred Revenue (Current) | 3.07M | 2.41M | 3.42M | 2.84M | 1.17M | 1.17M | 1.65M | 1.15M | 344.1K | 78.9K | 201.48K | 462.17K | 362.85K | 68.85K | 316.25K | 373.58K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 651.97K | 565.35K | 732.3K | 352.62K | 449.67K | 568.21K | 585.88K | 284.59K | 362.4K | 303.71K | 305.19K | 214.07K | 201.68K | 121.28K | 198.06K | 316.98K | 304.63K | 300.51K | 283.6K | 204.56K | 0 | 0 | 0 | 0 | 0 | 0 | 1.47M | 280K | 400K | 720K |
| Current Ratio | 3.46x | 3.46x | 2.83x | 3.04x | 3.90x | 3.09x | 2.72x | 3.53x | 4.08x | 5.41x | 4.54x | 3.48x | 3.63x | 5.31x | 3.99x | 3.09x | 3.05x | 3.55x | 5.18x | 6.81x | 5.33x | 2.47x | 1.59x | 1.55x | 1.43x | 0.70x | 1.01x | 1.30x | 1.81x | 1.58x |
| Quick Ratio | 2.87x | 2.65x | 2.04x | 2.44x | 3.26x | 2.47x | 2.15x | 2.88x | 3.44x | 4.48x | 3.36x | 2.51x | 2.71x | 3.62x | 2.35x | 1.92x | 1.88x | 2.08x | 3.41x | 4.88x | 3.55x | 1.29x | 0.91x | 0.72x | 0.77x | 0.33x | 0.59x | 0.42x | 1.09x | 0.93x |
| Cash Conversion Cycle | 160.22 | 164.36 | 181.77 | 159.46 | 95.62 | 104.58 | 99.86 | 105.48 | 70.5 | 113.26 | 124.07 | 130.13 | 104.18 | 139.48 | 147.24 | 122.88 | 167.97 | 176.7 | 182.46 | 177.78 | 176.88 | 195.73 | 244.77 | 213.55 | 177.59 | 41.01 | 164.34 | 101.95 | 126.87 | - |
| Total Non-Current Liabilities | 55.91K | 132.13K | 229.53K | 82.86K | 168.84K | 1.21M | 789.76K | 1.08M | 1.26M | 1.36M | 1.35M | 1.32M | 1.48M | 1.99M | 2.11M | 2.04M | 3.62K | 19.22K | 85.61K | 131.51K | 79.11K | 0 | 763.04K | 1.3M | 1.47M | 698.97K | 882.6K | 50K | 590K | 570K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 1M | 538K | 707.72K | 870.53K | 1.03M | 1.18M | 1.32M | 1.48M | 1.99M | 2.11M | 2.04M | 3.62K | 19.22K | 27.63K | 51.51K | 79.11K | 0 | 574.82K | 1.04M | 1.02M | 604.86K | 805.6K | 40K | 580K | 580K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 55.91K | 132.13K | 229.53K | 82.86K | 168.84K | 205.56K | 251.76K | 370.76K | 385.38K | 337.73K | 171.72K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57.98K | 80K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188.22K | 257.3K | 454.39K | 94.11K | 77K | 10K | 10K | -10K |
| Total Liabilities | 6.65M | 5.62M | 6.85M | 5.54M | 3.88M | 5.47M | 4.96M | 3.62M | 3.39M | 2.81M | 3M | 3.45M | 3.28M | 3.07M | 3.67M | 3.62M | 1.51M | 1.16M | 991.36K | 860.46K | 933.73K | 1.13M | 2.09M | 2.26M | 2.64M | 2.82M | 3.79M | 940K | 1.45M | 1.29M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 1M | 707.72K | 870.53K | 1.03M | 1.18M | 1.32M | 1.48M | 1.67M | 2.11M | 2.23M | 2.1M | 369.35K | 292.85K | 51.54K | 78.88K | 104.53K | 350K | 1.21M | 1.61M | 1.65M | 1.51M | 1.7M | 330K | 630K | 670K |
| Net Debt | -7.34M | -5.2M | -2.13M | -3.35M | -4.84M | -3.08M | -2.95M | -2.27M | -989.81K | -1.38M | -1.07M | -1.08M | -1.56M | 172.33K | -297.19K | 414.02K | -1.42M | -1.18M | -2.29M | -2.19M | -1.64M | -71.04K | 1.02M | 1.35M | 1.19M | 1.51M | 1.69M | 260K | 520K | 560K |
| Debt / Equity | - | - | - | - | - | 0.09x | 0.07x | 0.10x | 0.12x | 0.15x | 0.17x | 0.21x | 0.26x | 0.35x | 0.38x | 0.49x | 0.10x | 0.08x | 0.01x | 0.02x | 0.02x | 0.15x | 2.06x | - | - | - | 2.34x | 0.83x | 2.25x | - |
| Debt / EBITDA | - | - | - | - | - | 0.56x | 0.44x | 2.10x | 1.31x | 4.50x | 1.08x | 1.17x | 1.55x | 4.22x | 1.40x | 2.29x | 0.94x | - | 1.00x | 0.13x | 0.11x | 0.39x | 2.96x | 5.07x | 2.39x | 2.05x | - | - | 1.85x | 2.39x |
| Net Debt / EBITDA | -2.94x | -3.04x | -1.20x | -2.81x | -2.08x | -1.71x | -1.82x | -5.48x | -1.27x | -5.28x | -0.88x | -0.86x | -1.45x | 0.34x | -0.19x | 0.45x | -3.61x | - | -44.32x | -3.61x | -1.73x | -0.08x | 2.50x | 4.23x | 1.73x | 2.05x | - | - | 1.53x | 2.00x |
| Interest Coverage | - | - | - | - | - | 34.83x | 37.73x | 5.54x | 10.98x | 2.46x | 13.70x | 13.79x | 6.58x | 1.51x | 10.67x | 77.81x | 8.85x | -161.13x | - | - | - | - | - | - | - | - | - | -14.50x | 4.00x | 1.14x |
| Total Equity | 19.77M | 17.79M | 16.28M | 14.63M | 13.74M | 10.95M | 9.78M | 8.58M | 8.39M | 7.92M | 7.67M | 7.14M | 6.5M | 5.99M | 5.81M | 4.32M | 3.67M | 3.53M | 4.9M | 4.85M | 4.23M | 2.31M | 586.85K | -639.45K | -782.55K | -605.36K | 727.63K | 400K | 280K | -40K |
| Equity Growth % | 11.14% | 9.3% | 11.24% | 6.5% | 25.48% | 11.94% | 13.95% | 2.29% | 5.93% | 3.33% | 7.33% | 9.99% | 8.39% | 3.18% | 34.54% | 17.61% | 3.93% | -27.9% | 0.96% | 14.69% | 83.47% | 292.86% | 191.77% | 18.29% | -29.27% | -183.2% | 81.91% | 42.86% | 800% | 78.95% |
| Book Value per Share | 1.26 | 1.13 | 1.03 | 0.93 | 0.88 | 0.70 | 0.64 | 0.56 | 0.56 | 0.53 | 0.51 | 0.48 | 0.45 | 0.41 | 0.38 | 0.29 | 0.25 | 0.25 | 0.34 | 0.34 | 0.30 | 0.19 | 0.05 | -0.06 | -0.09 | -0.07 | 0.10 | 0.09 | 0.06 | -0.01 |
| Total Shareholders' Equity | 19.77M | 17.79M | 16.28M | 14.63M | 13.74M | 10.95M | 9.78M | 8.58M | 8.39M | 7.92M | 7.67M | 7.14M | 6.5M | 5.99M | 5.81M | 4.32M | 3.67M | 3.53M | 4.9M | 4.85M | 4.23M | 2.31M | 586.85K | -639.45K | -782.55K | -605.36K | 727.63K | 400K | 280K | -40K |
| Common Stock | 157.1K | 157.51K | 157.51K | 157.42K | 157.29K | 154.53K | 153.48K | 151.98K | 149.86K | 149.61K | 149.55K | 149.33K | 147.09K | 145.03K | 144.55K | 144.42K | 144.38K | 144.15K | 143.61K | 143.61K | 143.54K | 138.26K | 104.94K | 92K | 91.06K | 90.92K | 88.67K | 60K | 40K | 40K |
| Retained Earnings | 9.43M | 7.62M | 6.35M | 4.91M | 4.27M | 1.73M | 610.52K | -496.92K | -760.12K | -1.13M | -1.22M | -1.77M | -2.38M | -2.86M | -2.99M | -4.43M | -5.02M | -5.1M | -3.59M | -3.6M | -4.14M | -5.19M | -5.98M | -6.77M | -6.89M | -6.7M | -5.07M | -4.4M | -3.59M | -3.84M |
| Treasury Stock | 0 | -7.87K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101.61K | 42.25K | -70.14K | -3.17M | -2.8M | -2.5M | -2.16M | -1.83M | -1.55M | -1.27M | -1.05M | -896.77K | -15.75K | -15.75K | -675.79K | -638.34K | -573.52K | -508.93K | -469.01K | -410K | -370K | -340K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Lumpy project-based revenue cycles
According to quarterly financial data, SOTK has grown total assets from $22.7M in 2024Q3 to $26.4M by 2026Q4, reflecting a gradual accumulation of resources that suggests a stable, albeit slow, expansion of the company's operational footprint within its specialized ultrasonic coating niche.
The steady increase in total assets appears to be driven by cash accumulation and working capital management rather than aggressive capital investment. This trajectory indicates a conservative growth strategy that prioritizes balance sheet preservation over rapid, debt-fueled scaling.
As reported in recent filings, SOTK maintains a strong liquidity position with a current ratio of 3.46 in 2026Q4, providing a substantial buffer against the inherent volatility of its project-based revenue cycles and potential delays in custom-engineered system deliveries.
The company's ability to maintain a current ratio consistently above 2.8 over the last ten quarters suggests a high degree of financial resilience. This liquidity profile allows management to navigate lumpy cash inflows without the need for external financing, even during periods of stagnant top-line growth.
Based on the provided balance sheet figures, equity has steadily increased from $16.1M in 2024Q3 to $19.8M in 2026Q4, primarily fueled by the consistent growth of retained earnings, which rose from $6.2M to $9.4M over the same period.
The reliance on internally generated capital to bolster equity suggests a disciplined approach to value creation. Investors should monitor whether this trend continues, as it indicates that the company is successfully retaining profits rather than diluting shareholders or over-leveraging the business.
As evidenced by the balance sheet, deferred revenue reached $3.1M in 2026Q4, a significant figure that warrants further investigation as it may indicate the timing of revenue recognition for complex, multi-axis integrated systems that span multiple reporting periods.
This liability represents a potential distortion in headline revenue figures, as it suggests that a portion of the company's order book is not yet reflected in the income statement. Analysts should consider this backlog as a leading indicator of future revenue, provided that project execution remains on schedule.
Quick answers to the most common questions about buying SOTK stock.
As of 2026, Sono-Tek Corporation (SOTK) had total assets of $26.4M including $22.8M in current assets.
Sono-Tek Corporation (SOTK) carries total debt of $0.0M, offset by $14.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sono-Tek Corporation (SOTK) has total shareholders' equity (book value) of $19.8M ($1.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sono-Tek Corporation (SOTK) reported a current ratio of 3.46x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.