RediShred Capital Balance Sheet Health

Financial Health criteria checks 1/6

RediShred Capital has a total shareholder equity of CA$49.2M and total debt of CA$30.7M, which brings its debt-to-equity ratio to 62.5%. Its total assets and total liabilities are CA$94.7M and CA$45.5M respectively. RediShred Capital's EBIT is CA$3.4M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$1.5M.

Key information

62.5%

Debt to equity ratio

CA$30.74m

Debt

Interest coverage ratio1.4x
CashCA$1.53m
EquityCA$49.20m
Total liabilitiesCA$45.46m
Total assetsCA$94.65m

Recent financial health updates

Recent updates

Is RediShred Capital (CVE:KUT) Using Too Much Debt?

Nov 24
Is RediShred Capital (CVE:KUT) Using Too Much Debt?

Is Now An Opportune Moment To Examine RediShred Capital Corp. (CVE:KUT)?

Oct 21
Is Now An Opportune Moment To Examine RediShred Capital Corp. (CVE:KUT)?

What Is RediShred Capital Corp.'s (CVE:KUT) Share Price Doing?

Aug 27
What Is RediShred Capital Corp.'s (CVE:KUT) Share Price Doing?

At CA$0.71, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?

May 10
At CA$0.71, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?

Does RediShred Capital (CVE:KUT) Have A Healthy Balance Sheet?

Nov 26
Does RediShred Capital (CVE:KUT) Have A Healthy Balance Sheet?

RediShred Capital (CVE:KUT) Might Be Having Difficulty Using Its Capital Effectively

Jul 07
RediShred Capital (CVE:KUT) Might Be Having Difficulty Using Its Capital Effectively

We think RediShred Capital Corp.'s (CVE:KUT) CEO May Struggle To See Much Of A Pay Rise This Year

May 20
We think RediShred Capital Corp.'s (CVE:KUT) CEO May Struggle To See Much Of A Pay Rise This Year

RediShred Capital (CVE:KUT) Takes On Some Risk With Its Use Of Debt

May 17
RediShred Capital (CVE:KUT) Takes On Some Risk With Its Use Of Debt

Here's Why I Think RediShred Capital (CVE:KUT) Might Deserve Your Attention Today

Apr 12
Here's Why I Think RediShred Capital (CVE:KUT) Might Deserve Your Attention Today

Here's What's Concerning About RediShred Capital's (CVE:KUT) Returns On Capital

Mar 24
Here's What's Concerning About RediShred Capital's (CVE:KUT) Returns On Capital

Have Insiders Been Buying RediShred Capital Corp. (CVE:KUT) Shares?

Mar 09
Have Insiders Been Buying RediShred Capital Corp. (CVE:KUT) Shares?

At CA$0.77, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?

Feb 22
At CA$0.77, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?

RediShred Capital's (CVE:KUT) Earnings Are Growing But Is There More To The Story?

Feb 07
RediShred Capital's (CVE:KUT) Earnings Are Growing But Is There More To The Story?

RediShred Capital Corp.'s (CVE:KUT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Jan 24
RediShred Capital Corp.'s (CVE:KUT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Here's Why We Think RediShred Capital (CVE:KUT) Is Well Worth Watching

Jan 11
Here's Why We Think RediShred Capital (CVE:KUT) Is Well Worth Watching

RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet

Dec 29
RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet

Should You Be Impressed By RediShred Capital's (CVE:KUT) Returns on Capital?

Dec 14
Should You Be Impressed By RediShred Capital's (CVE:KUT) Returns on Capital?

RediShred Capital Corp. Just Beat Revenue Estimates By 5.7%

Nov 29
RediShred Capital Corp. Just Beat Revenue Estimates By 5.7%

How Much Are RediShred Capital Corp. (CVE:KUT) Insiders Spending On Buying Shares?

Nov 24
How Much Are RediShred Capital Corp. (CVE:KUT) Insiders Spending On Buying Shares?

Is RediShred Capital Corp. (CVE:KUT) Trading At A 20% Discount?

Aug 11
Is RediShred Capital Corp. (CVE:KUT) Trading At A 20% Discount?

Is Now The Time To Look At Buying RediShred Capital Corp. (CVE:KUT)?

Jul 29
Is Now The Time To Look At Buying RediShred Capital Corp. (CVE:KUT)?

RediShred Capital Corp.'s (CVE:KUT) Share Price Not Quite Adding Up

Jul 16
RediShred Capital Corp.'s (CVE:KUT) Share Price Not Quite Adding Up

Financial Position Analysis

Short Term Liabilities: KUT's short term assets (CA$12.4M) do not cover its short term liabilities (CA$29.7M).

Long Term Liabilities: KUT's short term assets (CA$12.4M) do not cover its long term liabilities (CA$15.8M).


Debt to Equity History and Analysis

Debt Level: KUT's net debt to equity ratio (59.4%) is considered high.

Reducing Debt: KUT's debt to equity ratio has increased from 22.4% to 62.5% over the past 5 years.

Debt Coverage: KUT's debt is well covered by operating cash flow (39.8%).

Interest Coverage: KUT's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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