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    ATRC  Atricure Inc.

    Exchange

    NASDAQ

    Sector

    Health Care

    Industry

    Medical/Dental Instruments

    Market Cap.

    189.8M

    Weak Balance Sheet

    ATRC's financial position is not ideal. The key is to check whether ATRC is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Cash - - 5.18M 33.80M 19.49M 20.01M 11.45M 15.72M 12.57M 14.18M
    Current Assets - - 9.90M 41.65M 30.69M 33.86M 26.10M 31.35M 30.65M 31.19M
    Total Assets - - 12.73M 50.04M 39.13M 46.07M 43.37M 34.98M 33.72M 33.86M
    Current Liabilities - - 3.31M 5.77M 7.66M 9.24M 8.11M 11.81M 13.04M 10.81M
    Total Liabilities - - 40.06M 6.86M 8.43M 9.83M 14.25M 17.89M 16.98M 18.24M
    Stockholder' Equity 17.02M -18.94M -27.33M 43.18M 30.69M 36.24M 29.12M 17.09M 16.74M 15.61M
    Current Ratio - - 2.99 7.21 4.01 3.67 3.22 2.66 2.35 2.89
    TL-to-TA - - 3.15 0.14 0.22 0.21 0.33 0.51 0.50 0.54

    Low or No Reinvestment of Profits over the past 10 years

    ATRC has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to ATRC operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
    Figures in USD. Fiscal year ends in December
    2002200320042005200620072008200920102011
    Retained Earnings -9.05M -20.14M -29.63M -42.34M -56.05M -67.31M -77.47M -93.97M -97.76M -103.22M
    Retained Earnings Growth - -122.56% -47.17% -42.87% -32.40% -20.08% -15.11% -21.29% -4.03% -5.58%