What is Transcat's net debt?

Transcat (TRNS) reported net debt of $128.64M in Q1 2026.

How has Transcat's net debt changed year-over-year?

Transcat's net debt increased by 128.9% year-over-year, from $56.19M to $128.64M.

What is the long-term trend for Transcat's net debt?

Over 5 years (2021 to 2026), Transcat's net debt has grown at a 35.1% compound annual growth rate (CAGR), from $28.6M to $128.64M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Transcat TRNS Net debt

Discontinued — last reported Q4 '26

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Other financials

Income statement

See full

Revenue$89.3M+15.8%

Gross profit$30.5M+17.6%

Operating income$4.3M-37.6%

Net income$1.9M-56.4%

EPS (diluted)$0.20-58.3%

Balance sheet

See full

Cash & equivalents$4.9M+226%

Total debt$133.6M+131%

Total equity$300.6M+4.8%

Total assets$480.5M+24.7%

Cash flow

See full

Operating cash flow$6.2M-41.7%

CapEx$3.6M+33.2%

Free cash flow$2.6M-67.1%

Valuation

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Market cap$858.22M+14.4%

Enterprise value$986.87M+22.3%

P/E159.6×+108×

P/S2.6×-0.1×

Profitability

See full

Gross margin32.6%+0.5pp

Operating margin4%-2.4pp

Net margin1.6%-3.6pp

FCF margin5.9%-3.4pp

Returns & leverage

See full

Return on equity1.8%-3.8pp

Debt / equity0.4×+0.2×

Current ratio2.3×0.0×

Where this comes from

Calculated from Transcat’s reported figures.

$133.6Mtotal debt−$4.9Mcash and equivalents=$128.64M

The official record: Transcat’s 10-K, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Transcat's net debt?: Transcat (TRNS) reported net debt of $128.64M in Q1 2026.
How has Transcat's net debt changed year-over-year?: Transcat's net debt increased by 128.9% year-over-year, from $56.19M to $128.64M.
What is the long-term trend for Transcat's net debt?: Over 5 years (2021 to 2026), Transcat's net debt has grown at a 35.1% compound annual growth rate (CAGR), from $28.6M to $128.64M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.