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Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on TESSCO Technologies Incorporated (NASDAQ:TESS) due to its excellent fundamentals in more than one area. TESS is a well-regarded dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in digger a bit deeper into my commentary, take a look at the report on TESSCO Technologies here.
Adequate balance sheet average dividend payer
TESS is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that TESS has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. TESS’s debt-to-equity ratio stands at 15%, which means its debt level is reasonable. This means that TESS’s capital structure strikes a good balance between low-cost debt funding and maintaining financial flexibility without overly restrictive terms of debt.
Income investors would also be happy to know that TESS is one of the highest dividend payers in the market, with current dividend yield standing at 5.1%. TESS has also been regularly increasing its dividend payments to shareholders over the past decade.
For TESSCO Technologies, I've put together three fundamental aspects you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for TESS’s future growth? Take a look at our free research report of analyst consensus for TESS’s outlook.
- Historical Performance: What has TESS's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of TESS? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.