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
Titan Medical reports Q2 results
Aug 11Titan Medical granted 180-day extension to regain compliance with Nasdaq's minimum bid price rule
Jun 29Titan Medical: Developing Single-Access Robotic Assisted Surgical Technologies
Dec 05Titan Medical earns milestone payment of $10M under licensing deal with Medtronic; shares rise 10%
May 28Titan Medical announces $15M bought deal offering
Feb 02Titan Medical announces $10M bought deal offering
Jan 05Titan medical provides regulatory update on its Enos Robotic Single Access System
Dec 30Titan Medical in full compliance with Nasdaq listing criteria
Dec 24Financial Position Analysis
Short Term Liabilities: TMDI.F's short term assets ($8.7M) exceed its short term liabilities ($3.1M).
Long Term Liabilities: TMDI.F's short term assets ($8.7M) exceed its long term liabilities ($856.0K).
Debt to Equity History and Analysis
Debt Level: TMDI.F is debt free.
Reducing Debt: TMDI.F had no debt 5 years ago.
Debt Coverage: TMDI.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TMDI.F has no debt, therefore coverage of interest payments is not a concern.