Kingsway Financial Services Balance Sheet Health
Financial Health criteria checks 2/6
Kingsway Financial Services has a total shareholder equity of $24.6M and total debt of $44.4M, which brings its debt-to-equity ratio to 180.5%. Its total assets and total liabilities are $197.7M and $173.1M respectively. Kingsway Financial Services's EBIT is $2.3M making its interest coverage ratio 0.4. It has cash and short-term investments of $9.3M.
Key information
180.5%
Debt to equity ratio
US$44.42m
Debt
| Interest coverage ratio | 0.4x |
| Cash | US$9.26m |
| Equity | US$24.61m |
| Total liabilities | US$173.11m |
| Total assets | US$197.72m |
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 ($48.4M) exceed its short term liabilities ($39.0M).
Long Term Liabilities: KFS's short term assets ($48.4M) do not cover its long term liabilities ($134.1M).
Debt to Equity History and Analysis
Debt Level: KFS's net debt to equity ratio (142.9%) is considered high.
Reducing Debt: KFS's debt to equity ratio has reduced from 842.6% to 180.5% over the past 5 years.
Debt Coverage: KFS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KFS's interest payments on its debt are not well covered by EBIT (0.4x coverage).