Kaspien Holdings Inc.

OTCPK:KSPN Stock Report

Market Cap: US$993.0

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Kaspien Holdings Balance Sheet Health

Financial Health criteria checks 0/6

Kaspien Holdings has a total shareholder equity of $-6.0M and total debt of $20.6M, which brings its debt-to-equity ratio to -343.8%. Its total assets and total liabilities are $35.9M and $41.9M respectively.

Key information

-343.81%

Debt to equity ratio

US$20.62m

Debt

Interest coverage ration/a
CashUS$405.00k
Equity-US$6.00m
Total liabilitiesUS$41.92m
Total assetsUS$35.92m

Recent financial health updates

Analysis Article • Jul 16

Is Kaspien Holdings (NASDAQ:KSPN) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Recent updates

Seeking Alpha • Sep 13

Kaspien Holdings GAAP EPS of -$1.69, revenue of $33.91M

Kaspien Holdings press release (NASDAQ:KSPN): Q2 GAAP EPS of -$1.69. Revenue of $33.91M (-2.8% Y/Y). Adjusted EBITDA loss was $3.2 million, compared to an adjusted EBITDA loss of $0.8 million in the comparable year-ago period. As of July 30, 2022, the Company had $1.3 million in cash, compared to $1.2 million as of January 30, 2021 and $2.6 million as of July 31, 2021 Shares +3.85%.
Seeking Alpha • Jul 12

Kaspien prices $8M in registered and private placement stock offering

Kaspien (NASDAQ:KSPN) entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 638,978 shares at a purchase price of $3.13/share in a registered direct offering priced at-the-market. In a concurrent private placement, Kaspien also agreed to issue and sell to the investor 1.8M shares at a purchase price of $3.30/share and warrants to purchase 2.46M shares at an exercise price of $3.13. The warrants will have a 5-year term from issuance date. Gross proceeds are expected to be ~$8M. Offer is expected to close on or about July 14, 2022.
Analysis Article • Dec 15

One Analyst Thinks Kaspien Holdings Inc.'s (NASDAQ:KSPN) Revenues Are Under Threat

Today is shaping up negative for Kaspien Holdings Inc. ( NASDAQ:KSPN ) shareholders, with the covering analyst...
Analysis Article • Sep 21

Shareholders In Kaspien Holdings (NASDAQ:KSPN) Should Look Beyond Earnings For The Full Story

Even though Kaspien Holdings Inc. ( NASDAQ:KSPN ) posted strong earnings recently, the stock hasn't reacted in a large...
Analysis Article • Jul 16

Is Kaspien Holdings (NASDAQ:KSPN) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Financial Position Analysis

Short Term Liabilities: KSPN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: KSPN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.

Debt to Equity History and Analysis

Debt Level: KSPN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: KSPN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

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 KSPN has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if KSPN 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 Analysis2024/07/30 19:35
End of Day Share Price 2024/07/25 00:00
Earnings2023/10/28
Annual Earnings2023/01/28

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.

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 Github.

Analyst Sources

Kaspien Holdings Inc. is covered by 1 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
Alexander RenkerSidoti & Company, LLC