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TAOPTaoping Inc.
$1.59$2M
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HomeStocksTAOPBalance Sheet

Taoping Inc. (TAOP) Balance Sheet

21Y historyFree accessUpdated daily

The company maintains a debt-to-equity ratio of 0.72, which appears increasingly burdensome given the lack of positive operating cash flow to service these obligations.

TAOP Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05
Total Current Assets24.05M26.41M29.49M25.25M19.4M31.58M12.43M19.03M28.88M21.52M15.65M31.19M85.01M81.21M143.78M169.66M159.05M126.21M84.7M53.99M2.16M35K
Cash & Short-Term Investments2.17M2.13M1.58M1.3M1.01M4.53M882.77K1.52M1.65M3.26M3.75M3.79M11.19M11.08M10.75M14.02M18.17M13.48M15.4M34.72M172.32K35K
Cash Only2.17M2.13M1.58M1.3M1.01M4.53M882.77K1.52M1.65M3.26M3.75M3.79M11.19M11.08M10.75M14.02M18.17M13.48M9.57M19.76M172.32K35K
Short-Term Investments0000000000000000005.84M14.97M00
Accounts Receivable7.96M10.08M7.92M8.77M9.29M7.11M7.18M14.06M17.54M10.14M6.28M3.18M9.23M23.93M88.7M113.22M108.57M94.22M62.19M14.49M1.99M0
Days Sales Outstanding80.09119.3478.8782.88139.96133.83237.01372.02311.13203.49224.91112.8649.45114.7374.83360.8241.87340.5266.11174.27333.4-
Inventory2.31M11.12M6.32M1.25M356.36K526.66K254.68K302.94K693.68K631.61K1.48M2.14M5.42M15.66M16.8M22.32M19.93M10.94M7.11M4.78M00
Days Inventory Outstanding51.14147.9279.7815.337.6512.413.0615.3823.1823.3670.91122.4743.2997.0793.07116.0177.9979.2956.13137.22--
Other Current Assets11.52M3.01M85.35K13.58M1.49M19.35M852.8K187.34K8.99M7.49M203.96K24.78M66.48M30.54M13.1M2.55M4.03M1.72M0000
Total Non-Current Assets6.27M13.03M5.64M7.58M9.81M26.09M18.35M21.58M12.74M16.12M18.64M34.9M94.39M108.03M143.64M192.13M180.36M124.62M63.77M34.86M49.83K21.44K
Property, Plant & Equipment6.22M5.76M5.55M6.68M7.88M22.46M10.85M11.84M11.6M11.83M8.67M8.37M12.8M44.75M79.39M91.16M79.35M53.59M23.56M13.83M49.83K20K
Fixed Asset Turnover6.15x5.35x6.60x5.79x3.07x0.86x1.02x1.17x1.77x1.54x1.18x1.23x5.32x1.70x1.09x1.26x2.06x1.88x3.62x2.19x43.66x4.70x
Goodwill07.28M0058.92K0000004.75M24.13M27.72M27.62M53.98M51.92M50.61M24.02M7.15M00
Intangible Assets000811.03K1.78M2.95M4.3M1.5K59.92K808.71K1.56M2.53M15.46M14.31M14.42M16.34M15.65M15.46M13.12M4.89M00
Long-Term Investments271.52K086.27K86.89K95.97K679.81K30.59K5.44M1.08M46.09K43.2K14.02M2.65M2.66M2.58M2.4M3.3M2.86M0000
Other Non-Current Assets00001.78M2.95M4.3M9.75M1.08M3.33M8.27M4.77M35.07M18.24M19.09M27.56M29.6M1.43M3.08M8.99M00
Total Assets30.32M39.45M35.13M32.83M29.21M47.16M30.78M40.62M41.62M37.64M34.29M66.09M179.41M189.24M287.42M361.79M339.4M250.83M148.47M88.85M2.21M56.44K
Asset Turnover1.11x0.78x1.04x1.18x0.83x0.41x0.36x0.34x0.49x0.48x0.30x0.16x0.38x0.40x0.30x0.32x0.48x0.40x0.57x0.34x0.98x1.66x
Asset Growth %-8.06%12.29%7.01%12.38%-38.06%53.22%-24.22%-2.4%10.56%9.78%-48.12%-63.16%-5.2%-34.16%-20.56%6.6%35.31%68.94%67.09%3922.28%3814.17%-
Total Current Liabilities10.09M14.11M13.46M20.06M19.57M27.73M29.8M26.01M24.01M23.01M21.38M35.54M140.32M127.99M122.06M107.76M100.22M75.82M25.46M4.79M564.39K13.03K
Accounts Payable400.58K3.07M993.1K832.44K2.29M8.38M14.93M12.65M11.77M6.84M5.99M6.94M33.17M44.41M20.29M19.01M39.08M33.4M11.19M3.08M02.56K
Days Payables Outstanding8.2640.8412.5410.249.1197.32765.31642.36393.15253.18287.56397.15265.02275.33112.4298.84152.91242.1688.3988.4--
Short-Term Debt4.66M4.05M2.09M9M7.2M7.79M7.39M7.5M6.08M7.82M7.8M15.41M52.68M58.95M50.81M40.98M35.33M17.79M6.33M005.11K
Deferred Revenue (Current)3.47M591.12K3.47M1.29M717.41K579.22K476.99K562.64K355.2K2.47M1.67M2.65M2.75M4.62M3.75M6.4M23.84M25.22M1.32M000
Other Current Liabilities4.68M5.46M1.19M8.03M8.82M6.9M6.71M4.98M5.26M4.93M1.92M5.73M48.97M040.59M017.7M18.2M5.03M1.71M497.56K5.36K
Current Ratio2.38x1.87x2.19x1.26x0.99x1.14x0.42x0.73x1.20x0.94x0.73x0.88x0.61x0.63x1.18x1.57x1.59x1.66x3.33x11.28x3.83x2.69x
Quick Ratio2.15x1.08x1.72x1.20x0.97x1.12x0.41x0.72x1.17x0.91x0.66x0.82x0.57x0.51x1.04x1.37x1.39x1.52x3.05x10.28x3.83x2.69x
Cash Conversion Cycle122.97226.42146.118898.51-51.09-515.25-254.96-58.84-26.338.26-161.82-172.28-63.56355.48377.97166.95177.63233.85223.09--
Total Non-Current Liabilities5.75M5.8M5.8M020.37K176.6K000108.93K100.44K98.69K507.83K1.07M1.35M1.49M13.6M7.11M0009.04K
Long-Term Debt5.75M5.73M5.8M000000000214.63K312.55K74.17K109.52K5.86M4.54M0009.03K
Capital Lease Obligations062.7K0020.37K176.6K0000000000000000
Deferred Tax Liabilities000000000108.93K100.44K86.33K280.14K742.7K1.26M1.37M1.82M2.56M0000
Other Non-Current Liabilities000000000-108.93K012.36K226.25K13.13K12.73K12.62K5.92M00000
Total Liabilities15.84M19.91M19.26M20.06M19.59M27.9M29.8M26.01M24.01M23.12M21.48M35.64M140.83M129.06M123.41M109.25M113.83M82.93M25.46M4.79M564.39K22.06K
Total Debt10.41M9.84M7.89M9M7.25M8.04M7.39M7.5M6.08M7.82M7.8M15.27M62.9M59.26M50.89M41.09M41.19M17.83M6.33M0014.15K
Net Debt8.24M7.71M6.31M7.7M6.24M4.25M6.51M5.98M4.43M4.56M4.05M11.49M51.71M48.18M40.14M27.07M23.02M4.36M-3.24M-19.76M-172.32K-20.85K
Debt / Equity0.72x0.50x0.50x0.70x0.75x0.42x7.57x0.51x0.35x0.54x0.61x0.50x1.63x0.98x0.31x0.16x0.18x0.11x0.05x--0.41x
Debt / EBITDA-2.65x-15.50x3.22x21.69x---1.58x3.25x-----1.86x0.79x0.47x0.22x--0.24x
Net Debt / EBITDA-2.09x-12.41x2.75x18.66x---1.15x1.89x-----1.22x0.44x0.11x-0.11x-1.34x-0.09x-0.36x
Interest Coverage-52.63x-9.13x-2.92x0.61x0.08x-11.66x-17.08x-6.74x2.40x0.71x-36.01x-0.41x-3.97x-23.26x-18.33x4.18x29.15x88.54x139.77x--37.81x
Total Equity14.48M19.54M15.87M12.76M9.62M19.25M976.2K14.61M17.6M14.52M12.8M30.45M38.58M60.18M164.01M252.54M225.58M167.9M123.01M84.07M1.64M34.37K
Equity Growth %31.47%23.13%24.34%32.72%-50.04%1871.98%-93.32%-17.02%21.26%13.4%-57.96%-21.06%-35.89%-63.31%-35.05%11.95%34.35%36.5%46.32%5011.52%4684.71%-
Book Value per Share20.2315.303.486.686.1714.851.3220.9725.5021.5419.0950.2970.26129.95364.37546.85506.07389.99306.20222.404.730.85
Total Shareholders' Equity14.48M19.54M15.87M12.76M9.62M19.25M-7.66M5.27M8.26M5.38M3.71M21.04M20.93M39.52M142.68M230.87M207.07M152.54M109.1M74.01M1.64M34.37K
Common Stock173.81M194.56M170.76M165.12M161.4M161.1M131.25M126.26M126.15M123.95M426.74K776.55K1.76M2.48M286.33K286.33K255.12K233.55K209.12K190.89K50K550
Retained Earnings-205.04M-220.63M-210.57M-208.75M-208.05M-202.14M-192.21M-174.52M-170.94M-172.4M-173.15M-154.98M-142.91M-113.51M5.8M95.6M90.24M60.46M33.75M13.17M1.44M-30.69K
Treasury Stock0000000000-7.12M-7.12M-4.29M-4.81M-1.01M-695.51K-11.47K-11.47K0000
Accumulated OCI23.26M34.05M33.24M33.8M33.82M37.84M37.66M37.07M37.26M38.01M37.81M38.36M39.51M39.7M36.34M19.93M11.33M5.02M11.01M3.22M159.47K0
Minority Interest00000-1.76K8.64M9.34M9.35M9.13M9.09M9.41M17.65M20.66M21.33M21.67M18.5M15.36M13.91M10.06M00

Key Metrics

Growth RegimeContracting
ProfitabilityNegative
Balance SheetVulnerable
Cash FlowBurning
Top Statement Risk

Liquidity and solvency risk

Balance Sheet Erosion Amidst Contraction

As reported in recent financial statements, Taoping's total assets have declined from $35.1 million in 2024Q4 to $30.3 million in 2025Q2, signaling a shrinking resource base that reflects the company's ongoing struggle to maintain operational scale while navigating persistent revenue headwinds and negative net income.

The consistent contraction in total assets suggests that the company is failing to replace its asset base as it consumes capital to fund operations. This downward trajectory in asset value, coupled with stagnant equity, implies that the firm's fundamental business quality is deteriorating rather than stabilizing.

Leverage Burden in Distressed Environment

Based on the provided quarterly data, Taoping maintains a debt-to-equity ratio of 0.72 as of 2025Q2, which, while appearing moderate in isolation, represents a significant burden given the company's inability to generate positive operating cash flow to service these obligations effectively.

The reliance on $10.4 million in debt to support a shrinking asset base indicates that leverage is likely driven by necessity rather than strategic growth. Investors should monitor the maturity profile of these obligations, as the company's limited cash position may necessitate refinancing under unfavorable terms.

Precarious Cash Runway and Liquidity

According to recent SEC filings, Taoping's cash reserves of $2.2 million as of 2025Q2 provide a razor-thin buffer against ongoing operating losses, leaving the company highly vulnerable to any further disruption in its project-based revenue streams or unexpected increases in hardware procurement costs.

While the current ratio of 2.38 might suggest adequate short-term coverage, the quality of current assets remains questionable given the company's history of lumpy, project-based revenue recognition. The lack of a substantial cash cushion suggests that the firm may face a liquidity crunch in the near term.

Equity Quality Impaired by Losses

As indicated by the reported financial figures, Taoping's retained earnings deficit of $205.0 million underscores a long-term history of value destruction that continues to weigh heavily on the company's equity base, limiting its ability to absorb further operational shocks without diluting existing shareholders.

The persistent negative retained earnings suggest that the company has not yet established a profitable business model, rendering the equity base fragile. Any future capital requirements will likely be met through dilutive equity issuance, further pressuring the value for existing investors.

Hidden Risks in Asset Composition

Based on the provided balance sheet, the absence of goodwill and the reliance on $6.2 million in net PPE suggest that the company's value is tied to physical infrastructure that may be rapidly depreciating or becoming obsolete in a shifting digital advertising landscape.

The lack of intangible assets or goodwill might appear positive, but it also indicates that the company lacks a defensible intellectual property moat. The concentration of value in physical screens warrants investigation into whether these assets can actually be liquidated at book value if the business model fails.

TAOP — Frequently Asked Questions

Quick answers to the most common questions about buying TAOP stock.

What are the total assets of Taoping Inc. (TAOP)?

As of 2025, Taoping Inc. (TAOP) had total assets of $39.4M including $26.4M in current assets.

How much debt does Taoping Inc. (TAOP) have?

Taoping Inc. (TAOP) carries total debt of $9.8M, offset by $2.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Taoping Inc.?

Taoping Inc. (TAOP) has total shareholders' equity (book value) of $19.5M ($15.30 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Taoping Inc.'s current ratio and liquidity?

Taoping Inc. (TAOP) reported a current ratio of 1.87x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.