Kits Eyecare Balance Sheet Health
Financial Health criteria checks 5/6
Kits Eyecare has a total shareholder equity of CA$53.3M and total debt of CA$7.5M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are CA$94.9M and CA$41.6M respectively. Kits Eyecare's EBIT is CA$578.0K making its interest coverage ratio 0.8. It has cash and short-term investments of CA$19.1M.
Key information
14.1%
Debt to equity ratio
CA$7.52m
Debt
| Interest coverage ratio | 0.8x |
| Cash | CA$19.15m |
| Equity | CA$53.32m |
| Total liabilities | CA$41.58m |
| Total assets | CA$94.90m |
Recent financial health updates
No updates
Recent updates
Kits Eyecare Ltd. (TSE:KITS) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Nov 08
Kits Eyecare Ltd. (TSE:KITS) Stocks Shoot Up 28% But Its P/S Still Looks Reasonable
Aug 20Why Investors Shouldn't Be Surprised By Kits Eyecare Ltd.'s (TSE:KITS) 33% Share Price Surge
Jun 08An Intrinsic Calculation For Kits Eyecare Ltd. (TSE:KITS) Suggests It's 44% Undervalued
Jun 04Revenues Tell The Story For Kits Eyecare Ltd. (TSE:KITS)
Dec 27With Kits Eyecare Ltd. (TSE:KITS) It Looks Like You'll Get What You Pay For
Jun 13Financial Position Analysis
Short Term Liabilities: KITS's short term assets (CA$39.0M) exceed its short term liabilities (CA$32.4M).
Long Term Liabilities: KITS's short term assets (CA$39.0M) exceed its long term liabilities (CA$9.1M).
Debt to Equity History and Analysis
Debt Level: KITS has more cash than its total debt.
Reducing Debt: Insufficient data to determine if KITS's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable KITS has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KITS is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.6% per year.