Kits Eyecare Balance Sheet Health
Financial Health criteria checks 5/6
Kits Eyecare has a total shareholder equity of CA$52.4M and total debt of CA$9.0M, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are CA$92.7M and CA$40.3M respectively.
Key information
17.1%
Debt to equity ratio
CA$8.98m
Debt
Interest coverage ratio | n/a |
Cash | CA$18.39m |
Equity | CA$52.42m |
Total liabilities | CA$40.32m |
Total assets | CA$92.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0P3's short term assets (CA$36.5M) exceed its short term liabilities (CA$29.4M).
Long Term Liabilities: 0P3's short term assets (CA$36.5M) exceed its long term liabilities (CA$11.0M).
Debt to Equity History and Analysis
Debt Level: 0P3 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 0P3'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 0P3 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 0P3 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 34.6% per year.