Titan Medical Balance Sheet Health
Financial Health criteria checks 6/6
Titan Medical has a total shareholder equity of $3.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $6.6M and $2.8M respectively. Titan Medical's EBIT is $12.3M making its interest coverage ratio -95. It has cash and short-term investments of $5.7M.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | -95x |
| Cash | US$5.71m |
| Equity | US$3.79m |
| Total liabilities | US$2.82m |
| Total assets | US$6.61m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TMD's short term assets ($6.5M) exceed its short term liabilities ($2.1M).
Long Term Liabilities: TMD's short term assets ($6.5M) exceed its long term liabilities ($728.0K).
Debt to Equity History and Analysis
Debt Level: TMD is debt free.
Reducing Debt: TMD had no debt 5 years ago.
Debt Coverage: TMD has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TMD has no debt, therefore coverage of interest payments is not a concern.