Titan Medical Balance Sheet Health
Financial Health criteria checks 6/6
Titan Medical has a total shareholder equity of $4.8M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $8.8M and $4.0M respectively. Titan Medical's EBIT is $10.4M making its interest coverage ratio -119. It has cash and short-term investments of $7.6M.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | -119x |
Cash | US$7.59m |
Equity | US$4.79m |
Total liabilities | US$3.98m |
Total assets | US$8.76m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QTNA's short term assets ($8.7M) exceed its short term liabilities ($3.1M).
Long Term Liabilities: QTNA's short term assets ($8.7M) exceed its long term liabilities ($856.0K).
Debt to Equity History and Analysis
Debt Level: QTNA is debt free.
Reducing Debt: QTNA had no debt 5 years ago.
Debt Coverage: QTNA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: QTNA has no debt, therefore coverage of interest payments is not a concern.