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
Financial Position Analysis
Short Term Liabilities: 0P3's short term assets (CA$39.0M) exceed its short term liabilities (CA$32.4M).
Long Term Liabilities: 0P3's short term assets (CA$39.0M) exceed its long term liabilities (CA$9.1M).
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 37.6% per year.
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2024/12/22 13:41 |
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 * |
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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
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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
Kits Eyecare Ltd. is covered by 10 analysts. 7 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 |
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Doug Cooper | Beacon Securities Limited |
Luke Hannan | Canaccord Genuity |
Derek Dley | Canaccord Genuity |