Kingsway Financial Services Balance Sheet Health
Financial Health criteria checks 2/6
Kingsway Financial Services has a total shareholder equity of $19.7M and total debt of $58.5M, which brings its debt-to-equity ratio to 297.1%. Its total assets and total liabilities are $191.1M and $171.4M respectively.
Key information
297.1%
Debt to equity ratio
US$58.46m
Debt
| Interest coverage ratio | n/a |
| Cash | US$6.67m |
| Equity | US$19.68m |
| Total liabilities | US$171.45m |
| Total assets | US$191.12m |
Recent financial health updates
Recent updates
Kingsway: Weak Q4 2023 Results And The Valuation Looks Stretched (Rating Downgrade)
Mar 12The Market Doesn't Like What It Sees From Kingsway Financial Services Inc.'s (NYSE:KFS) Earnings Yet
Dec 14
Kingsway: Run-Rate Adjusted EBITDA Of $20 Million As Acquisitions Resume (Rating Upgrade)
Oct 26Kingsway Financial: An Undervalued Compounder With An 'Outsiders' CEO
Jan 30Kingsway Financial Services sells Texas railyard
Dec 29Kingsway Financial Services EPS of $1.49, revenue of $26.03M
Nov 10Kingsway Financial Services acquires CSuite Financial for $8.5M
Nov 01Kingsway Financial Services reports Q2 results
Aug 04It's Unlikely That Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Will See A Huge Pay Rise This Year
May 22What Is The Ownership Structure Like For Kingsway Financial Services Inc. (NYSE:KFS)?
Jan 31
Have Insiders Been Buying Kingsway Financial Services Inc. (NYSE:KFS) Shares?
Dec 07Financial Position Analysis
Short Term Liabilities: KFS's short term assets ($29.1M) exceed its short term liabilities ($21.9M).
Long Term Liabilities: KFS's short term assets ($29.1M) do not cover its long term liabilities ($149.6M).
Debt to Equity History and Analysis
Debt Level: KFS's net debt to equity ratio (263.2%) is considered high.
Reducing Debt: KFS's debt to equity ratio has reduced from 963.3% to 297.1% 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: Insufficient data to determine if KFS has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if KFS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.