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Titan Medical Balance Sheet 2021-2011 | TMDI
Brief overview of Titan Medical 's assets and capital
Balance sheet changes are traced across five available annual reports between 2016 and 2021.
Assets advanced +556.5% to $47.2 million from $7.2 million; annual growth near 45.7% reflects a fast increase in scale.
Liabilities increased less than assets, posting +80.8% versus +556.5%. That relationship usually strengthens the balance sheet.
Internal capital represents 74.7% of the balance sheet, previously 8.3%. This is a strong capital position.
Net debt moved below zero to -$31 million, reflecting surplus cash over debt.
Cash accounts for 68.4% of assets versus 60.3% initially. The change indicates the degree of financial flexibility.
The balance sheet includes a negative accumulated result of -$253.9 million. It should be assessed alongside historical profits and capital distributions.
What the balance sheet shows
Titan Medical shows a high-quality balance sheet profile, with adequate internal capital and room for maneuver.
Annual Balance Sheet Titan Medical
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-31 M | -24.6 M | -785 K | - | - | -128 K | -418 K | -549 K | -260 K | -160 K | -9.54 M |
Long Term Debt |
981 K | 751 K | 8 K | - | - | - | - | - | - | - | - |
Long Term Debt Current |
346 K | 166 K | 21.1 K | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | 751 K | 8 K | - | - | - | - | - | - | - | - |
Total Liabilities |
11.9 M | 43.6 M | 15.1 M | 17.7 M | 20.1 M | 6.6 M | 13.3 M | - | 1.19 M | 1.11 M | 1.97 M |
Retained Earnings |
-254 M | -239 M | -215 M | -173 M | -150 M | -116 M | -89.3 M | - | -30.6 M | -24.2 M | -23.4 M |
Total Assets |
47.2 M | 29.8 M | 3.38 M | 21.9 M | 29.7 M | 7.19 M | 12.9 M | - | 3.21 M | 5.77 M | 11.1 M |
Cash and Cash Equivalents |
32.3 M | 25.5 M | 814 K | 11.5 M | 26.1 M | 4.34 M | - | - | - | - | - |
Book Value |
35.3 M | -13.8 M | -11.7 M | 4.22 M | 9.61 M | 595 K | -411 K | - | 2.02 M | 4.66 M | 9.15 M |
Total Shareholders Equity |
35.3 M | -13.8 M | -11.7 M | 4.22 M | 9.61 M | 595 K | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Titan Medical
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | 890 K | 981 K | 1.07 M | 1.02 M | 704 K | 751 K | 347 K | 367 K | - | 8 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
- | - | - | 8.86 M | 11.9 M | 24.6 M | 28.1 M | 29.6 M | 43.6 M | 24.5 M | 30.3 M | - | 15.1 M | 22.6 M | 39.5 M | - | 17.7 M | - | - | - | 20.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
- | - | - | -263 M | -254 M | -263 M | -255 M | -254 M | -239 M | -218 M | -217 M | - | -215 M | -217 M | -216 M | - | -173 M | - | - | - | -150 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
- | - | - | 35.5 M | 47.2 M | 50.1 M | 60.4 M | 58.8 M | 29.8 M | 28.2 M | 32.3 M | - | 3.38 M | 5.73 M | 21.2 M | - | 21.9 M | - | - | - | 29.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
- | - | - | 30.1 M | 32.3 M | 44.7 M | 55 M | 53.4 M | 25.5 M | 24.7 M | 28.7 M | 1.76 M | 814 K | 1.17 M | 10.3 M | 23.6 M | 11.5 M | 29.2 M | 22.4 M | 20.5 M | 26.1 M | - | - | - | 4.34 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
- | - | - | 26.7 M | 35.3 M | 25.4 M | 32.2 M | 29.2 M | -13.8 M | 3.72 M | 2.08 M | - | -11.7 M | -16.9 M | -18.3 M | - | 4.22 M | - | - | - | 9.61 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
- | - | - | 26.7 M | 35.3 M | 25.4 M | 32.2 M | 29.4 M | -13.8 M | 3.72 M | 2.08 M | -8.39 M | -11.7 M | -16.9 M | -18.3 M | - | 4.22 M | 12 M | 7.38 M | - | 9.61 M | - | - | - | 595 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Titan Medical , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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