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Company ranking

Strongest Balance Sheets

Issuers ranked by (cash − debt) / total assets using the latest reported balance-sheet date. This is a liquidity/leverage screen, not a credit rating or financial-health score.

How is this ranking calculated?

(Cash and cash equivalents − Belvedere total debt) / total assets Eligibility: Cash and total assets reported; Latest balance-sheet date from XBRL.

Are Belvedere rankings investment recommendations?

No. They are deterministic screens over SEC-derived facts using a published formula.

Belvedere universe companies with identifiable cash and assets. Rankings cannot be purchased. This screen is not investment advice.

Data dateSep 21, 2026
Eligible companies50
UniverseBelvedere SEC universe
Market capNot used

Ranking table

RankCompanyTickerNet cash as a percentage of total assetsRevenuePeriodFiled
1NLIGHT, INC.LASR+57.1%$82.6M2026-06-30Aug 7, 2026
2VICOR CORPVICR+50.2%$113M2026-03-31Apr 30, 2026
3AEHR TEST SYSTEMSAEHR+47.2%$10.3M2026-05-29Jul 27, 2026
4Red Violet, Inc.RDVT+41.5%$26.7M2026-06-30Aug 10, 2026
5ONTO INNOVATION INC.ONTO+33.9%$343.1M2026-06-30Aug 6, 2026
6APPFOLIO INCAPPF+33.5%$281.1M2026-06-30Jul 23, 2026
7CIRRUS LOGIC, INC.CRUS+31.7%$459.7M2026-06-27Aug 5, 2026
8Alarm.com Holdings, Inc.ALRM+28.9%$277.7M2026-06-30Aug 6, 2026
9SILICON LABORATORIES INC.SLAB+28.9%$228.2M2026-07-04Aug 11, 2026
10MOVADO GROUP INCMOV+28.5%$169.8M2026-07-31Aug 26, 2026
11KULICKE & SOFFA INDUSTRIES INCKLIC+27.9%$330.4M2026-07-04Aug 6, 2026
12PHOTRONICS INCPLAB+27.6%$216M2026-08-02Sep 10, 2026
13JOHNSON OUTDOORS INCJOUT+27.0%$189.7M2026-07-03Aug 7, 2026
14MANHATTAN ASSOCIATES INCMANH+26.6%$297.8M2026-06-30Jul 31, 2026
15AGILYSYS INCAGYS+26.2%$87.7M2026-06-30Jul 27, 2026
16Outdoor Holding CoPOWW+26.0%$14.5M2026-06-30Aug 10, 2026
17Rapid7, Inc.RPD+24.4%$210.9M2026-06-30Aug 10, 2026
18PagerDuty, Inc.PD+24.4%$124.4M2026-07-31Aug 27, 2026
19BEL FUSE INC /NJBELFB+24.2%$210.7M2026-06-30Aug 4, 2026
20EPLUS INCPLUS+24.0%$330.4M2026-06-30Aug 4, 2026
21NETSCOUT SYSTEMS INCNTCT+23.9%$210.4M2026-06-30Aug 6, 2026
22DAKTRONICS INC /SD/DAKT+23.7%$234.6M2026-08-01Sep 2, 2026
23F5, INC.FFIV+23.5%$865.1M2026-06-30Aug 6, 2026
24QUALYS, INC.QLYS+23.3%$182.2M2026-06-30Aug 4, 2026
25NETGEAR, INC.NTGR+22.1%$168.6M2026-06-28Aug 6, 2026
26PETMED EXPRESS INCPETS+20.5%$41M2026-06-30Aug 13, 2026
27ANGIODYNAMICS INCANGO+20.2%$78.4M2026-05-31Jul 14, 2026
28HARMONIC INC.HLIT+19.2%$133.5M2026-07-03Aug 17, 2026
29G III APPAREL GROUP LTD /DE/GIII+18.9%$554.1M2026-07-31Sep 8, 2026
30ALPHA & OMEGA SEMICONDUCTOR LtdAOSL+18.4%$163.8M2026-06-30Aug 27, 2026
31WORKIVA INCWK+18.4%$255.3M2026-06-30Aug 4, 2026
32IMAX CORPIMAX+17.4%$102.8M2026-06-30Jul 23, 2026
33BLACKLINE, INC.BL+16.5%$187.8M2026-06-30Aug 5, 2026
34AtriCure, Inc.ATRC+15.8%$153.6M2026-06-30Jul 27, 2026
35DIODES INC /DEL/DIOD+15.8%$445.5M2026-06-30Aug 5, 2026
36APARTMENT INVESTMENT & MANAGEMENT COAIV+15.1%$6.2M2026-03-31May 11, 2026
37VIAVI SOLUTIONS INC.VIAV+14.9%$406.8M2026-06-27Aug 13, 2026
38VARONIS SYSTEMS INCVRNS+14.1%$67.1M2026-06-30Jul 29, 2026
39ROGERS CORPROG+13.7%$200.5M2026-03-31Apr 29, 2026
40LA-Z-BOY INCLZB+13.4%$475.7M2026-07-25Aug 18, 2026
41Vishay Precision Group, Inc.VPG+13.3%$83.9M2026-07-04Aug 5, 2026
42AMBARELLA INCAMBA+13.1%$108.1M2026-07-31Sep 4, 2026
43Amphastar Pharmaceuticals, Inc.AMPH+12.8%$183.9M2026-06-30Aug 6, 2026
44SUPERNUS PHARMACEUTICALS, INC.SUPN+12.6%$219.1M2026-06-30Aug 3, 2026
45RPC INCRES+12.3%$334.7M2026-06-30Jul 30, 2026
46UNIVERSAL ELECTRONICS INCUEIC+12.1%$73.2M2026-06-30Aug 6, 2026
47CENTURY ALUMINUM COCENX+11.9%$752.1M2026-06-30Aug 6, 2026
48CTS CORPCTS+11.7%$139.2M2026-03-31Apr 29, 2026
49ICHOR HOLDINGS, LTD.ICHR+11.4%$294.8M2026-06-26Aug 4, 2026
50BASSETT FURNITURE INDUSTRIES INCBSET+11.3%$83.8M2026-05-30Jul 1, 2026

Methodology

Definition

(Cash and cash equivalents − Belvedere total debt) / total assets

Universe. Belvedere universe companies with identifiable cash and assets.

Eligibility

  • Cash and total assets reported
  • Latest balance-sheet date from XBRL

Limitations

  • Missing assets
  • Missing cash
  • Figures that require a licensed market price are omitted.
  • Rank position is not a recommendation.
Belvedere rankings are generated using published methodologies and are not available for purchase.

See also the methodology page.

All rankingsMethodologyResearch RadarCompanies

Frequently asked questions

How is this ranking calculated?
(Cash and cash equivalents − Belvedere total debt) / total assets Eligibility: Cash and total assets reported; Latest balance-sheet date from XBRL.
Are Belvedere rankings investment recommendations?
No. They are deterministic screens over SEC-derived facts using a published formula.
Can companies pay to improve their ranking?
No. Sponsored research clients cannot purchase placement, ranking upgrades, or score changes.