Kraken Robotics Balance Sheet Health
Financial Health criteria checks 4/6
Kraken Robotics has a total shareholder equity of CA$56.4M and total debt of CA$16.7M, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are CA$98.5M and CA$42.1M respectively. Kraken Robotics's EBIT is CA$14.4M making its interest coverage ratio 10.1. It has cash and short-term investments of CA$20.4M.
Key information
29.5%
Debt to equity ratio
CA$16.66m
Debt
| Interest coverage ratio | 10.1x |
| Cash | CA$20.39m |
| Equity | CA$56.37m |
| Total liabilities | CA$42.10m |
| Total assets | CA$98.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KRKN.F's short term assets (CA$64.9M) exceed its short term liabilities (CA$23.9M).
Long Term Liabilities: KRKN.F's short term assets (CA$64.9M) exceed its long term liabilities (CA$18.2M).
Debt to Equity History and Analysis
Debt Level: KRKN.F has more cash than its total debt.
Reducing Debt: KRKN.F's debt to equity ratio has increased from 4.1% to 29.5% over the past 5 years.
Debt Coverage: KRKN.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KRKN.F's interest payments on its debt are well covered by EBIT (10.1x coverage).