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    CSII  Cardiovascular Systems Inc.

    Exchange

    NASDAQ

    Sector

    Health Care

    Industry

    Medical/Dental Instruments

    Market Cap.

    450.3M

    Weak Balance Sheet

    CSII's financial position is not ideal. The key is to check whether CSII 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 June
    2002200320042005200620072008200920102011
    Cash - - 27.02M 59.42M 125.57M 90.27M 45.49M 33.41M 23.72M 21.16M
    Current Assets - - 27.12M 60.07M 132.28M 92.70M 46.80M 46.05M 38.48M 41.03M
    Total Assets - - 30.07M 63.58M 135.56M 94.69M 46.84M 72.37M 42.33M 46.76M
    Current Liabilities - - 2.71M 9.32M 64.13M 12.26M 4.70M 36.17M 14.72M 15.19M
    Total Liabilities - - 72.27M 146.21M 64.19M 12.29M 4.70M 42.04M 24.62M 25.12M
    Stockholder' Equity -4.92M - -42.20M -82.63M 71.37M 82.40M 42.14M 30.33M 17.72M 21.64M
    Current Ratio - - 9.99 6.45 2.06 7.56 9.96 1.27 2.61 2.70
    TL-to-TA - - 2.40 2.30 0.47 0.13 0.10 0.58 0.58 0.54

    Low or No Reinvestment of Profits over the past 10 years

    CSII has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to CSII 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 June
    2002200320042005200620072008200920102011
    Retained Earnings -4.96M - -42.24M -83.11M -116.98M -109.29M -150.41M -127.42M -151.32M -162.45M
    Retained Earnings Growth - 100.00% - -96.77% -40.76% 6.58% -37.63% 15.29% -18.76% -7.35%