RediShred Capital Balance Sheet Health
Financial Health criteria checks 1/6
RediShred Capital has a total shareholder equity of CA$48.6M and total debt of CA$31.9M, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are CA$98.0M and CA$49.4M respectively. RediShred Capital's EBIT is CA$4.8M making its interest coverage ratio 1.9. It has cash and short-term investments of CA$3.6M.
Key information
65.6%
Debt to equity ratio
CA$31.85m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CA$3.61m |
| Equity | CA$48.57m |
| Total liabilities | CA$49.39m |
| Total assets | CA$97.95m |
Recent financial health updates
Is RediShred Capital (CVE:KUT) Using Too Much Debt?
Nov 24
Does 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
Is 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 29RediShred Capital Corp.'s (CVE:KUT) Share Price Not Quite Adding Up
Jul 16Financial Position Analysis
Short Term Liabilities: KUT's short term assets (CA$14.2M) do not cover its short term liabilities (CA$17.6M).
Long Term Liabilities: KUT's short term assets (CA$14.2M) do not cover its long term liabilities (CA$31.8M).
Debt to Equity History and Analysis
Debt Level: KUT's net debt to equity ratio (58.2%) is considered high.
Reducing Debt: KUT's debt to equity ratio has increased from 17.8% to 65.6% over the past 5 years.
Debt Coverage: KUT's debt is well covered by operating cash flow (40.1%).
Interest Coverage: KUT's interest payments on its debt are not well covered by EBIT (1.9x coverage).