Kin and Carta Balance Sheet Health
Financial Health criteria checks 4/6
Kin and Carta has a total shareholder equity of £73.4M and total debt of £29.8M, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are £154.6M and £81.2M respectively. Kin and Carta's EBIT is £8.0M making its interest coverage ratio 3.3. It has cash and short-term investments of £9.8M.
Key information
40.6%
Debt to equity ratio
UK£29.82m
Debt
| Interest coverage ratio | 3.3x |
| Cash | UK£9.85m |
| Equity | UK£73.42m |
| Total liabilities | UK£81.23m |
| Total assets | UK£154.65m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9L2's short term assets (£43.4M) exceed its short term liabilities (£37.2M).
Long Term Liabilities: 9L2's short term assets (£43.4M) do not cover its long term liabilities (£44.1M).
Debt to Equity History and Analysis
Debt Level: 9L2's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 9L2's debt to equity ratio has increased from 28% to 40.6% 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: 9L2 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 9L2 has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 16.1% each year.