Kingsway Financial Services Inc.

NYSE:KFS Stock Report

Market Cap: US$233.3m

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 ration/a
CashUS$6.67m
EquityUS$19.68m
Total liabilitiesUS$171.45m
Total assetsUS$191.12m

Recent financial health updates

Recent updates

Kingsway: Weak Q4 2023 Results And The Valuation Looks Stretched (Rating Downgrade)

Mar 12

The Market Doesn't Like What It Sees From Kingsway Financial Services Inc.'s (NYSE:KFS) Earnings Yet

Dec 14
The Market Doesn't Like What It Sees From Kingsway Financial Services Inc.'s (NYSE:KFS) Earnings Yet

Kingsway: Run-Rate Adjusted EBITDA Of $20 Million As Acquisitions Resume (Rating Upgrade)

Oct 26

Kingsway Financial: An Undervalued Compounder With An 'Outsiders' CEO

Jan 30

Kingsway Financial Services sells Texas railyard

Dec 29

Kingsway Financial Services EPS of $1.49, revenue of $26.03M

Nov 10

Kingsway Financial Services acquires CSuite Financial for $8.5M

Nov 01

Kingsway Financial Services reports Q2 results

Aug 04

It's Unlikely That Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Will See A Huge Pay Rise This Year

May 22
It's Unlikely That Kingsway Financial Services Inc.'s (NYSE:KFS) CEO Will See A Huge Pay Rise This Year

What Is The Ownership Structure Like For Kingsway Financial Services Inc. (NYSE:KFS)?

Jan 31
What Is The Ownership Structure Like For Kingsway Financial Services Inc. (NYSE:KFS)?

Have Insiders Been Buying Kingsway Financial Services Inc. (NYSE:KFS) Shares?

Dec 07
Have Insiders Been Buying Kingsway Financial Services Inc. (NYSE:KFS) Shares?

Financial 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.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/24 18:51
End of Day Share Price 2024/12/24 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Kingsway Financial Services Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dean EvansKeefe, Bruyette, & Woods
Mark DwelleRBC Capital Markets
Tom MacKinnonScotiabank Global Banking and Market