The company's financial position has weakened significantly, with total debt of $55.9M now exceeding total assets of $69.9M as of 2026Q1.
| Total Current Assets | 64.3M | 75.58M | 78.07M | 71.73M | 62.45M | 59.05M | 83.22M | 64.33M | 23.25M | 14.35M |
| Cash & Short-Term Investments | 39.54M | 50.84M | 52.67M | 46.73M | 42.02M | 43.93M | 74.39M | 54.59M | 17.28M | 11.35M |
| Cash Only | 39.54M | 50.84M | 52.67M | 46.73M | 42.02M | 43.93M | 74.39M | 45.3M | 17.28M | 11.35M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.29M | 0 | 0 |
| Accounts Receivable | 9.71M | 10.35M | 10.1M | 9.74M | 6.62M | 4.23M | 2.68M | 2.84M | 1.3M | 757K |
| Days Sales Outstanding | 51.68 | 47.05 | 53.19 | 60.8 | 58.35 | 52.45 | 53.77 | 67.02 | 57.26 | 65.09 |
| Inventory | 12.21M | 11.02M | 12.78M | 13.16M | 11.79M | 7.66M | 3.91M | 4.6M | 4.35M | 1.81M |
| Days Inventory Outstanding | 159.15 | 155.04 | 204.5 | 261.93 | 299.44 | 262.46 | 204.34 | 272.12 | 297.64 | 386.73 |
| Other Current Assets | 2.83M | 3.37M | 2.52M | 2.1M | 2.02M | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 5.59M | 5.84M | 9.25M | 6.32M | 5.41M | 3.49M | 3.23M | 3.59M | 3.97M | 1.19M |
| Property, Plant & Equipment | 3.6M | 3.73M | 4.08M | 3.94M | 2.91M | 1.19M | 626K | 677K | 758K | 1.16M |
| Fixed Asset Turnover | 21.72x | 21.53x | 16.99x | 14.84x | 14.24x | 24.84x | 29.09x | 22.82x | 10.92x | 3.66x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.26M | 1.36M | 1.74M | 2.12M | 2.5M | 2.3M | 2.61M | 2.91M | 3.21M | 0 |
| Long-Term Investments | 1.9M | 250K | 2.54M | 265K | 0 | 0 | 0 | 0 | 0 | 24K |
| Other Non-Current Assets | 726K | 500K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 69.89M | 81.42M | 87.33M | 78.05M | 67.86M | 62.54M | 86.46M | 67.92M | 27.23M | 15.53M |
| Asset Turnover | 1.15x | 0.99x | 0.79x | 0.75x | 0.61x | 0.47x | 0.21x | 0.23x | 0.30x | 0.27x |
| Asset Growth % | 12.05% | -6.77% | 11.89% | 15.02% | 8.49% | -27.66% | 27.29% | 149.47% | 75.3% | - |
| Total Current Liabilities | 17.83M | 17.98M | 15.6M | 16.97M | 12.4M | 10.57M | 6.61M | 6.71M | 9.56M | 6.15M |
| Accounts Payable | 3.89M | 2.31M | 2.15M | 1.67M | 1.53M | 2.41M | 652K | 3.17M | 3.42M | 1.51M |
| Days Payables Outstanding | 35.57 | 32.5 | 34.35 | 33.17 | 38.95 | 82.73 | 34.1 | 187.47 | 234.18 | 321.11 |
| Short-Term Debt | 0 | 0 | 545K | 565K | 340K | 0 | 0 | 0 | 0 | 905K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.59M |
| Other Current Liabilities | 13.94M | 15.67M | 5.56M | 5.52M | 4.11M | 3.15M | 2.24M | 1.19M | 985K | 1.94M |
| Current Ratio | 3.61x | 4.20x | 5.01x | 4.23x | 5.03x | 5.58x | 12.60x | 9.58x | 2.43x | 2.33x |
| Quick Ratio | 2.92x | 3.59x | 4.19x | 3.45x | 4.08x | 4.86x | 12.01x | 8.90x | 1.98x | 2.04x |
| Cash Conversion Cycle | 175.26 | 169.59 | 223.33 | 289.56 | 318.83 | 232.18 | 224 | 151.67 | 120.72 | 130.72 |
| Total Non-Current Liabilities | 57.26M | 57.13M | 43.27M | 42.2M | 41.15M | 31.87M | 30.83M | 30.25M | 155.53M | 117.56M |
| Long-Term Debt | 55.87M | 55.65M | 41.12M | 40.52M | 39.92M | 31.49M | 30.83M | 30.24M | 29.73M | 3.61M |
| Capital Lease Obligations | 0 | 0 | 1.39M | 1.69M | 1.2M | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 756K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.39M | 1.48M | 0 | 0 | 31K | 380K | 0 | 4K | 125.8M | 113.94M |
| Total Liabilities | 75.09M | 75.11M | 58.87M | 59.17M | 53.55M | 42.45M | 37.43M | 36.96M | 165.09M | 123.7M |
| Total Debt | 55.87M | 55.65M | 43.06M | 42.77M | 41.46M | 31.49M | 30.83M | 30.24M | 29.73M | 4.51M |
| Net Debt | 16.32M | 4.81M | -9.61M | -3.96M | -563K | -12.44M | -43.57M | -15.06M | 12.46M | -6.83M |
| Debt / Equity | -10.74x | 8.82x | 1.51x | 2.26x | 2.90x | 1.57x | 0.63x | 0.98x | - | - |
| Debt / EBITDA | -1.68x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -0.49x | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -16.87x | -6.44x | -6.18x | -7.93x | -9.93x | -8.25x | -7.08x | -5.21x | -10.70x | -3.68x |
| Total Equity | -5.2M | 6.31M | 28.46M | 18.88M | 14.3M | 20.1M | 49.03M | 30.96M | -137.86M | -108.17M |
| Equity Growth % | 138.31% | -77.82% | 50.72% | 31.99% | -28.82% | -59.01% | 58.34% | 122.46% | -27.45% | - |
| Book Value per Share | -0.09 | 0.13 | 1.00 | 0.83 | 0.88 | 1.39 | 3.79 | 2.71 | -21.25 | -16.67 |
| Total Shareholders' Equity | -5.2M | 6.31M | 28.46M | 18.88M | 14.3M | 20.1M | 49.03M | 30.96M | -137.86M | -108.17M |
| Common Stock | 45K | 44K | 39K | 24K | 19K | 15K | 14K | 11K | 0 | 7K |
| Retained Earnings | -409.83M | -397.56M | -358.73M | -320.89M | -274.23M | -229.93M | -196.65M | -167.86M | -137.86M | -108.17M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 85K | 91K | 90K | 91K | 150K | -52K | -71K | -19K | -3.24M | -2.79M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity and capital exhaustion
According to recent SEC filings, TELA's cash position has contracted to $39.5M as of 2026Q1, down from $50.8M in 2025Q4, which highlights a tightening liquidity buffer that may necessitate external financing if the current burn rate persists throughout the remainder of the fiscal year.
The rapid depletion of cash reserves relative to the company's persistent operating losses suggests that management is facing a narrowing window to achieve self-sustaining cash flow. Investors should monitor the current ratio, which remains adequate at 3.61, but the underlying cash burn indicates that liquidity could become a critical constraint on operational flexibility in the near term.
As reported in financial statements, TELA's total debt has risen to $55.9M in 2026Q1, creating a precarious capital structure where debt levels now exceed total assets, a trend that warrants further investigation into the company's long-term ability to service these obligations without further equity dilution.
The reliance on debt to fund ongoing commercial expansion in the face of negative equity suggests a high-risk financing strategy. This leverage profile implies that the company's cost of capital may increase significantly, potentially limiting its ability to invest in the R&D necessary to maintain its competitive position in the hernia repair market.
Based on TELA's reported figures, the company's equity has deteriorated into a negative $5.2M position as of 2026Q1, driven by the relentless accumulation of retained losses that now total $409.8M, signaling a significant impairment of the capital base available to support future growth initiatives.
The transition to negative equity reflects the cumulative impact of sustained operating losses and the high cost of market penetration. This trend suggests that the company is effectively operating on borrowed capital, which may limit management's strategic options and increase the likelihood of dilutive capital raises to restore the balance sheet.
As indicated by the quarterly balance sheet data, TELA's financial position has trended toward a more vulnerable state, with total assets declining to $69.9M while liabilities remain elevated at $75.1M, suggesting that the business model is struggling to generate the internal capital required for long-term stability.
The consistent decline in asset quality and the widening gap between liabilities and assets indicate that the company's growth trajectory is not currently supported by a strengthening financial foundation. This trajectory appears to confirm that the current commercial strategy is capital-intensive and may be reaching a point of diminishing returns.
Quick answers to the most common questions about buying TELA stock.
As of 2025, TELA Bio, Inc. (TELA) had total assets of $81.4M including $75.6M in current assets.
TELA Bio, Inc. (TELA) carries total debt of $55.7M, offset by $50.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
TELA Bio, Inc. (TELA) has total shareholders' equity (book value) of $6.3M ($0.13 book value per share). Book value represents the net worth of the company belonging to common stock holders.
TELA Bio, Inc. (TELA) reported a current ratio of 4.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.