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 ratio | n/a |
Cash | US$460.15k |
Equity | US$9.46m |
Total liabilities | US$18.91m |
Total assets | US$28.38m |
Recent financial health updates
Recent updates
Fewer 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 19Financial 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.