Taoping Balance Sheet Health
Financial Health criteria checks 2/6
Taoping has a total shareholder equity of $15.8M and total debt of $9.9M, which brings its debt-to-equity ratio to 62.4%. Its total assets and total liabilities are $34.1M and $18.2M respectively. Taoping's EBIT is $1.4M making its interest coverage ratio 2. It has cash and short-term investments of $480.3K.
Key information
62.4%
Debt to equity ratio
US$9.88m
Debt
| Interest coverage ratio | 2x |
| Cash | US$480.30k |
| Equity | US$15.84m |
| Total liabilities | US$18.24m |
| Total assets | US$34.08m |
Recent financial health updates
Recent updates
Taoping Inc. (NASDAQ:TAOP) Soars 67% But It's A Story Of Risk Vs Reward
Oct 05
Taoping (NASDAQ:TAOP) Is Doing The Right Things To Multiply Its Share Price
Sep 06Fewer Investors Than Expected Jumping On Taoping Inc. (NASDAQ:TAOP)
Jan 03Taoping (NASDAQ:TAOP) Is Looking To Continue Growing Its Returns On Capital
Apr 21Returns On Capital Are Showing Encouraging Signs At Taoping (NASDAQ:TAOP)
Jan 04Taoping enters agreement with Jiangsu SuLiXin for display terminals and services
Oct 18Taoping stock gains 14% premarket on $3M strategic framework contract
Oct 06Shareholders Shouldn’t Be Too Comfortable With Taoping's (NASDAQ:TAOP) Strong Earnings
Sep 18Taoping receives Nasdaq's notice on listing compliance deficiency
Sep 16Taoping Non-GAAP EPS of -$0.11, revenue of $10.5M
Sep 07Taoping to expand e-bike charging network to 50 cities in China by the end of 2022
Aug 23We Think Taoping (NASDAQ:TAOP) Has A Fair Chunk Of Debt
Dec 06Taoping inks strategic cooperation agreement with Zionodes
May 03Taoping reports FY results
Apr 30Did Taoping's (NASDAQ:TAOP) Share Price Deserve to Gain 60%?
Feb 19
Financial Position Analysis
Short Term Liabilities: TAOP's short term assets ($27.5M) exceed its short term liabilities ($18.2M).
Long Term Liabilities: TAOP has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TAOP's net debt to equity ratio (59.4%) is considered high.
Reducing Debt: TAOP's debt to equity ratio has increased from 44.8% to 62.4% over the past 5 years.
Debt Coverage: TAOP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TAOP's interest payments on its debt are not well covered by EBIT (2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 02:19 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Taoping Inc. is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Liang Hsu | Brean Capital |
| Theodore O'Neill | Litchfield Hills Research, LLC |
| Amit Dayal | Rodman & Renshaw, LLC |