Kits Eyecare (TSX:KITS) Debt-to-Asset : 0.18 (As of Dec. 2023)

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What is Kits Eyecare Debt-to-Asset?

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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$87.6 Mil. Kits Eyecare's debt to asset for the quarter that ended in Dec. 2023 was 0.18.

Kits Eyecare Debt-to-Asset Historical Data

The historical data trend for Kits Eyecare's Debt-to-Asset 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.

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Kits Eyecare Debt-to-Asset Chart

Kits Eyecare Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.45

0.41

0.25

0.21

0.18

Kits Eyecare Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial													0.21	0.20	0.20	0.18	0.18

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

For the Specialty Retail subindustry, Kits Eyecare's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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-Asset Distribution in the Retail - Cyclical Industry

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

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

Kits Eyecare Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.723	+	11.671)	/	87.641
	=	0.18

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

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(3.723	+	11.671)	/	87.641
	=	0.18

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

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Kits Eyecare Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Kits Eyecare's Debt-to-Asset 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-Asset

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.

Kits Eyecare (TSX:KITS) Headlines

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