RediShred Capital Balance Sheet Health
Financial Health criteria checks 1/6
RediShred Capital has a total shareholder equity of CA$49.5M and total debt of CA$32.7M, which brings its debt-to-equity ratio to 66%. Its total assets and total liabilities are CA$97.8M and CA$48.3M respectively. RediShred Capital's EBIT is CA$4.2M making its interest coverage ratio 1.7. It has cash and short-term investments of CA$2.4M.
Key information
66.0%
Debt to equity ratio
CA$32.69m
Debt
| Interest coverage ratio | 1.7x |
| Cash | CA$2.45m |
| Equity | CA$49.52m |
| Total liabilities | CA$48.28m |
| Total assets | CA$97.80m |
Recent financial health updates
RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet
Nov 06
Is RediShred Capital (CVE:KUT) Using Too Much Debt?
Nov 24Does RediShred Capital (CVE:KUT) Have A Healthy Balance Sheet?
Nov 26RediShred Capital (CVE:KUT) Takes On Some Risk With Its Use Of Debt
May 17RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet
Dec 29
Recent updates
RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet
Nov 06RediShred Capital Corp.'s (CVE:KUT) P/E Is Still On The Mark Following 31% Share Price Bounce
Oct 11Is It Time To Consider Buying RediShred Capital Corp. (CVE:KUT)?
Sep 24Further Upside For RediShred Capital Corp. (CVE:KUT) Shares Could Introduce Price Risks After 26% Bounce
Jun 19Is RediShred Capital (CVE:KUT) Using Too Much Debt?
Nov 24Is Now An Opportune Moment To Examine RediShred Capital Corp. (CVE:KUT)?
Oct 21What Is RediShred Capital Corp.'s (CVE:KUT) Share Price Doing?
Aug 27At CA$0.71, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?
May 10Does RediShred Capital (CVE:KUT) Have A Healthy Balance Sheet?
Nov 26RediShred Capital (CVE:KUT) Might Be Having Difficulty Using Its Capital Effectively
Jul 07We think RediShred Capital Corp.'s (CVE:KUT) CEO May Struggle To See Much Of A Pay Rise This Year
May 20RediShred Capital (CVE:KUT) Takes On Some Risk With Its Use Of Debt
May 17Here's Why I Think RediShred Capital (CVE:KUT) Might Deserve Your Attention Today
Apr 12Here's What's Concerning About RediShred Capital's (CVE:KUT) Returns On Capital
Mar 24Have Insiders Been Buying RediShred Capital Corp. (CVE:KUT) Shares?
Mar 09At CA$0.77, Is RediShred Capital Corp. (CVE:KUT) Worth Looking At Closely?
Feb 22RediShred Capital's (CVE:KUT) Earnings Are Growing But Is There More To The Story?
Feb 07RediShred Capital Corp.'s (CVE:KUT) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Jan 24Here's Why We Think RediShred Capital (CVE:KUT) Is Well Worth Watching
Jan 11RediShred Capital (CVE:KUT) Has A Somewhat Strained Balance Sheet
Dec 29Should You Be Impressed By RediShred Capital's (CVE:KUT) Returns on Capital?
Dec 14RediShred Capital Corp. Just Beat Revenue Estimates By 5.7%
Nov 29How Much Are RediShred Capital Corp. (CVE:KUT) Insiders Spending On Buying Shares?
Nov 24Is RediShred Capital Corp. (CVE:KUT) Trading At A 20% Discount?
Aug 11Is Now The Time To Look At Buying RediShred Capital Corp. (CVE:KUT)?
Jul 29Financial Position Analysis
Short Term Liabilities: KUT's short term assets (CA$13.6M) do not cover its short term liabilities (CA$32.6M).
Long Term Liabilities: KUT's short term assets (CA$13.6M) do not cover its long term liabilities (CA$15.7M).
Debt to Equity History and Analysis
Debt Level: KUT's net debt to equity ratio (61.1%) is considered high.
Reducing Debt: KUT's debt to equity ratio has increased from 32.5% to 66% over the past 5 years.
Debt Coverage: KUT's debt is well covered by operating cash flow (38.7%).
Interest Coverage: KUT's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:20 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RediShred Capital Corp. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nick Corcoran | Acumen Capital Finance Partners Limited |
| David Ocampo | Cormark Securities Inc. |
| Robert Goff | Echelon Wealth Partners Inc. |