Sono-Tek Corp

NASDAQ SOTK

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Sono-Tek Corp Equity to Assets Ratio 2 year CAGR for the quarter ending February 29, 2024: -1.79%

Sono-Tek Corp Equity to Assets Ratio 2 year CAGR is -1.79% for the quarter ending February 29, 2024, a -119.41% change year over year. The Equity to Assets Ratio measures the proportion of a company's total assets that are financed by equity. It provides insight into the company's financial stability and the percentage of assets owned by shareholders. A higher ratio indicates a greater ownership stake by equity shareholders and suggests lower financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Sono-Tek Corp Equity to Assets Ratio for the quarter ending February 28, 2022 was 0.78, a 16.93% change year over year.
Sono-Tek Corp Equity to Assets Ratio for the quarter ending February 28, 2021 was 0.67, a 0.49% change year over year.
Sono-Tek Corp Equity to Assets Ratio for the quarter ending February 29, 2020 was 0.66, a -5.70% change year over year.

NASDAQ: SOTK

Sono-Tek Corp

CEO	Dr. Christopher L. Coccio Ph.D.
IPO Date	May 6, 1987
Location	United States
Headquarters	2012 Route 9W, Milton, NY, United States, 12547
Employees	73
Sector	Technology
Industry	Scientific & technical instruments

Description

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company provides nozzles and generators for manufacturers' equipment. Its products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. In addition, the company provides surface coating solutions and application consulting services. It markets and distributes its products through direct sales personnel, select independent distributors, and sales representatives. Sono-Tek Corporation was incorporated in 1975 and is headquartered in Milton, New York.

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