Kits Eyecare Balance Sheet Health
Financial Health criteria checks 5/6
Kits Eyecare has a total shareholder equity of CA$51.4M and total debt of CA$9.7M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are CA$87.6M and CA$36.2M respectively.
Key information
18.9%
Debt to equity ratio
CA$9.72m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$16.04m |
| Equity | CA$51.45m |
| Total liabilities | CA$36.20m |
| Total assets | CA$87.64m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KTYC.F's short term assets (CA$34.0M) exceed its short term liabilities (CA$24.5M).
Long Term Liabilities: KTYC.F's short term assets (CA$34.0M) exceed its long term liabilities (CA$11.7M).
Debt to Equity History and Analysis
Debt Level: KTYC.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if KTYC.F'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 KTYC.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: KTYC.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.3% per year.