As of June 1, 2025, Titan Medical Inc (TMD.TO) reports a Current Ratio of 2.78.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Titan Medical Inc's Current Ratio
Over recent years, Titan Medical Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2023-12-31 | 2.78 |
| 2022-12-31 | 0.56 |
| 2021-12-31 | 4.01 |
| 2020-12-31 | 0.63 |
| 2019-12-31 | 0.12 |
This slight upward trend highlights how Titan Medical Inc manages its short-term assets and liabilities over time.
Comparing Titan Medical Inc's Current Ratio to Peers
To better understand Titan Medical Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Titan Medical Inc (TMD.TO) | 2.78 |
| Netmed Inc (NTME) | 33.92 |
| Second Sight Medical Products Inc (EYES) | 28.64 |
| Check Cap Ltd (CHEK) | 18.69 |
| Rewalk Robotics Ltd (RWLK) | 15.17 |
| IRadimed Corp (IRMD) | 8.84 |
Compared to its competitors, Titan Medical Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.