Taoping Balance Sheet Health

Financial Health criteria checks 4/6

Taoping has a total shareholder equity of $9.5M and total debt of $10.4M, which brings its debt-to-equity ratio to 109.4%. Its total assets and total liabilities are $28.4M and $18.9M respectively.

Key information

109.4%

Debt to equity ratio

US$10.35m

Debt

Interest coverage ration/a
CashUS$460.15k
EquityUS$9.46m
Total liabilitiesUS$18.91m
Total assetsUS$28.38m

Recent financial health updates

We Think Taoping (NASDAQ:TAOP) Has A Fair Chunk Of Debt

Dec 06
We Think Taoping (NASDAQ:TAOP) Has A Fair Chunk Of Debt

Recent updates

Fewer Investors Than Expected Jumping On Taoping Inc. (NASDAQ:TAOP)

Jan 03
Fewer Investors Than Expected Jumping On Taoping Inc. (NASDAQ:TAOP)

Taoping (NASDAQ:TAOP) Is Looking To Continue Growing Its Returns On Capital

Apr 21
Taoping (NASDAQ:TAOP) Is Looking To Continue Growing Its Returns On Capital

Returns On Capital Are Showing Encouraging Signs At Taoping (NASDAQ:TAOP)

Jan 04
Returns On Capital Are Showing Encouraging Signs At Taoping (NASDAQ:TAOP)

Taoping enters agreement with Jiangsu SuLiXin for display terminals and services

Oct 18

Taoping stock gains 14% premarket on $3M strategic framework contract

Oct 06

Shareholders Shouldn’t Be Too Comfortable With Taoping's (NASDAQ:TAOP) Strong Earnings

Sep 18
Shareholders Shouldn’t Be Too Comfortable With Taoping's (NASDAQ:TAOP) Strong Earnings

Taoping receives Nasdaq's notice on listing compliance deficiency

Sep 16

Taoping Non-GAAP EPS of -$0.11, revenue of $10.5M

Sep 07

Taoping to expand e-bike charging network to 50 cities in China by the end of 2022

Aug 23

We Think Taoping (NASDAQ:TAOP) Has A Fair Chunk Of Debt

Dec 06
We Think Taoping (NASDAQ:TAOP) Has A Fair Chunk Of Debt

Taoping inks strategic cooperation agreement with Zionodes

May 03

Taoping reports FY results

Apr 30

Did Taoping's (NASDAQ:TAOP) Share Price Deserve to Gain 60%?

Feb 19
Did Taoping's (NASDAQ:TAOP) Share Price Deserve to Gain 60%?

Financial Position Analysis

Short Term Liabilities: TAOP's short term assets ($20.2M) exceed its short term liabilities ($18.9M).

Long Term Liabilities: TAOP's short term assets ($20.2M) exceed its long term liabilities ($4.9K).


Debt to Equity History and Analysis

Debt Level: TAOP's net debt to equity ratio (104.5%) is considered high.

Reducing Debt: TAOP's debt to equity ratio has increased from 43.9% to 109.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: TAOP has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: TAOP is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


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