Titan Medical Inc.

Titan Medical Inc.verified

TMDI

Price:

$0.14

Market Cap:

$15.66M

Titan Medical Inc., a medical technology company, focuses on the development and commercialization of robotic assisted surgical technologies for application in minimally invasive surgery. It is developing the Enos system, a robotic single access surgical system that includes a surgeon-controlled patient cart comprising a 3D high-definition vision system and multi-articulating instruments for performing surgical procedures; and a surgeon workstation that provides the surgeon with ergonomic interface to the patient cart and a 3D endoscopic view inside the patient's body during surgical procedures. The company is headquartered in Toronto, Canada.[Read more]

Industry

Medical - Devices

IPO Date

2008-04-28

Stock Exchange

NASDAQ

Ticker

TMDI

The Current Ratio as of September 2024 (TTM) for Titan Medical Inc. (TMDI) is 4.01

According to Titan Medical Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 4.01. This represents a change of 33.23% compared to the average of 3.01 of the last 4 quarters.

Titan Medical Inc. (TMDI) Historical Current Ratio (quarterly & annually)

How has TMDI Current Ratio performed in the past?

The mean historical Current Ratio of Titan Medical Inc. over the last ten years is 1.65. The current 4.01 Current Ratio has changed 24.21% with respect to the historical average. Over the past ten years (40 quarters), TMDI's Current Ratio was at its highest in in the March 2013 quarter at 6.16. The Current Ratio was at its lowest in in the December 2019 quarter at 0.12.

Quarterly (TTM)
Annual

Average

1.65

Median

1.09

Minimum

0

Maximum

4.71

Titan Medical Inc. (TMDI) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Titan Medical Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 4.71

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20214.01538.10%
20200.63440.63%
20190.12-90.09%
20181.17-18.58%
20171.4443.92%
20161.006.97%
20150.93Infinity%
20140-100.00%
20132.48-47.39%
20124.71-12.34%

Titan Medical Inc. (TMDI) Average Current Ratio

How has TMDI Current Ratio performed in the past?

The current Current Ratio of Titan Medical Inc. (TMDI) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

1.58

5-year avg

1.47

10-year avg

1.65

Titan Medical Inc. (TMDI) Current Ratio vs. Peers

How is TMDI’s Current Ratio compared to its peers?

Titan Medical Inc.’s Current Ratio is

CompanyCurrent RatioMarket cap

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Frequently asked questions❓

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