Kits Eyecare (TSX:KITS) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Kits Eyecare Debt-to-Equity?

Kits Eyecare's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.7 Mil. Kits Eyecare's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$11.7 Mil. Kits Eyecare's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$51.4 Mil. Kits Eyecare's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Kits Eyecare's Debt-to-Equity or its related term are showing as below:

TSX:KITS' s Debt-to-Equity Range Over the Past 10 Years
Min: -38.97 Med: 0.36 Max: 3.85
Current: 0.3

During the past 6 years, the highest Debt-to-Equity Ratio of Kits Eyecare was 3.85. The lowest was -38.97. And the median was 0.36.

TSX:KITS's Debt-to-Equity is ranked better than
69.02% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs TSX:KITS: 0.30

Kits Eyecare Debt-to-Equity Historical Data

The historical data trend for Kits Eyecare's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Kits Eyecare Debt-to-Equity Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.85

-38.97

0.42

0.36

0.30

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.36	0.35	0.34	0.32	0.30

Competitive Comparison of Kits Eyecare's Debt-to-Equity

For the Specialty Retail subindustry, Kits Eyecare's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kits Eyecare's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Kits Eyecare's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kits Eyecare's Debt-to-Equity falls into.

Kits Eyecare Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kits Eyecare's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.723	+	11.671)	/	51.446
	=	0.30

Kits Eyecare's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.723	+	11.671)	/	51.446
	=	0.30

Kits Eyecare (TSX:KITS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Kits Eyecare Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Kits Eyecare's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Kits Eyecare (TSX:KITS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Kits Eyecare Ltd (TSX:KITS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KTYCF:USA 0P3:Germany

Address

510 Seymour Street, Suite 1020, Vancouver, BC, CAN, V6B 3J5

Website

https://www.kits.com

Kits Eyecare Ltd is a vertically integrated, digitally native eyecare platform that offers its customers access to a vast selection of the highest quality contact lenses and eyeglasses, including its own exclusive KITS-designed products, and a suite of online vision tools. It operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. The company's contact lens partners include Alcon, Bausch & Lomb, CooperVision, and Johnson & Johnson, and its glasses partners include Gucci, Oakley, Prive Revaux, Ray-Ban, and Tom Ford, which enables it to offer its customers first class brands and products in eye care.

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