Kits Historical Balance Sheet

KITS Stock

CAD 9.95 0.08 0.80%

Trend analysis of Kits Eyecare balance sheet accounts such as Cash of 10.5 M provides information on Kits Eyecare's total assets, liabilities, and equity, which is the actual value of Kits Eyecare to its prevalent stockholders. By breaking down trends over time using Kits Eyecare balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

Covid

Financial Statement Analysis is much more than just reviewing and examining Kits Eyecare latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Kits Eyecare is a good buy for the upcoming year.

Kits Eyecare Inventory

8.8 Million

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kits Eyecare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Kits Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Kits Eyecare at a specified time, usually calculated after every quarter, six months, or one year. Kits Eyecare Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Kits Eyecare and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Kits currently owns. An asset can also be divided into two categories, current and non-current.

Kits Eyecare Balance Sheet Chart

At this time, Kits Eyecare's Non Current Liabilities Total is very stable compared to the past year. As of the 1st of August 2024, Net Working Capital is likely to grow to about 9.9 M, while Total Assets are likely to drop about 61.7 M.

Total Assets Total Current Liabilities Other Assets Cash And Short Term Investments

Total Assets

Total assets refers to the total amount of Kits Eyecare assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Kits Eyecare books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Kits Eyecare balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Kits Eyecare are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Kits Eyecare balance sheet. This account contains Kits Eyecare investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Kits Eyecare fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most accounts from Kits Eyecare's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Kits Eyecare current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kits Eyecare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

	2021	2022	2023	2024 (projected)
Total Current Liabilities	16.8M	24.4M	24.5M	22.1M
Total Assets	90.9M	93.9M	87.6M	61.7M

Total Current Liabilities Total Assets

Kits Eyecare balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Cash And Equivalents	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Other Current Liab	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Long Term Debt	Capital Surpluse	Other Current Assets	Property Plant And Equipment Gross
Total Assets		0.82	0.9	-0.9	0.88	0.83	0.85	-0.77	0.34	0.96	-0.6	0.87	0.92	0.85	0.87	0.89	0.89	0.84	-0.9	0.85	0.9	-0.6	-0.56	0.85	0.86	0.9
Total Current Liabilities	0.82		0.49	-0.62	0.44	0.52	0.48	-0.71	0.29	0.66	-0.65	0.99	0.54	0.48	0.53	0.56	0.72	0.59	-0.75	0.47	0.49	-0.5	-0.2	0.6	0.77	0.52
Total Stockholder Equity	0.9	0.49		-0.92	0.99	0.89	0.93	-0.58	0.31	0.96	-0.34	0.56	0.99	0.93	0.93	0.93	0.83	0.88	-0.8	0.95	0.99	-0.56	-0.76	0.86	0.7	0.99
Retained Earnings	-0.9	-0.62	-0.92		-0.9	-0.98	-0.98	0.59	-0.59	-0.95	0.32	-0.66	-0.94	-0.98	-0.99	-0.99	-0.92	-0.93	0.93	-0.97	-0.95	0.82	0.77	-0.99	-0.83	-0.97
Cash	0.88	0.44	0.99	-0.9		0.87	0.92	-0.59	0.3	0.94	-0.37	0.53	0.99	0.92	0.91	0.92	0.8	0.83	-0.79	0.95	0.99	-0.53	-0.71	0.84	0.7	0.97
Other Assets	0.83	0.52	0.89	-0.98	0.87		0.98	-0.51	0.67	0.9	-0.15	0.56	0.9	0.98	0.99	0.98	0.85	0.91	-0.85	0.97	0.91	-0.86	-0.85	0.99	0.73	0.95
Cash And Short Term Investments	0.85	0.48	0.93	-0.98	0.92	0.98		-0.56	0.63	0.91	-0.25	0.54	0.93	1.0	1.0	1.0	0.83	0.87	-0.84	1.0	0.96	-0.81	-0.82	0.96	0.72	0.97
Net Receivables	-0.77	-0.71	-0.58	0.59	-0.59	-0.51	-0.56		-0.34	-0.66	0.7	-0.79	-0.61	-0.56	-0.58	-0.61	-0.54	-0.39	0.67	-0.57	-0.62	0.39	0.14	-0.54	-0.69	-0.56
Common Stock Shares Outstanding	0.34	0.29	0.31	-0.59	0.3	0.67	0.63	-0.34		0.34	0.05	0.3	0.33	0.63	0.63	0.62	0.39	0.38	-0.51	0.58	0.41	-0.89	-0.48	0.67	0.42	0.42
Inventory	0.96	0.66	0.96	-0.95	0.94	0.9	0.91	-0.66	0.34		-0.43	0.72	0.98	0.91	0.92	0.93	0.92	0.93	-0.91	0.92	0.96	-0.62	-0.69	0.91	0.84	0.97
Other Stockholder Equity	-0.6	-0.65	-0.34	0.32	-0.37	-0.15	-0.25	0.7	0.05	-0.43		-0.73	-0.39	-0.25	-0.26	-0.33	-0.47	-0.15	0.56	-0.25	-0.38	0.1	-0.26	-0.22	-0.65	-0.3
Total Liab	0.87	0.99	0.56	-0.66	0.53	0.56	0.54	-0.79	0.3	0.72	-0.73		0.62	0.54	0.58	0.62	0.75	0.6	-0.79	0.53	0.57	-0.5	-0.2	0.63	0.82	0.58
Total Current Assets	0.92	0.54	0.99	-0.94	0.99	0.9	0.93	-0.61	0.33	0.98	-0.39	0.62		0.93	0.93	0.94	0.88	0.89	-0.86	0.95	0.99	-0.59	-0.72	0.89	0.78	0.99
Cash And Equivalents	0.85	0.48	0.93	-0.98	0.92	0.98	1.0	-0.56	0.63	0.91	-0.25	0.54	0.93		1.0	1.0	0.83	0.87	-0.84	1.0	0.96	-0.81	-0.82	0.96	0.72	0.97
Common Stock	0.87	0.53	0.93	-0.99	0.91	0.99	1.0	-0.58	0.63	0.92	-0.26	0.58	0.93	1.0		1.0	0.86	0.89	-0.87	0.99	0.95	-0.82	-0.81	0.97	0.75	0.97
Property Plant Equipment	0.89	0.56	0.93	-0.99	0.92	0.98	1.0	-0.61	0.62	0.93	-0.33	0.62	0.94	1.0	1.0		0.87	0.88	-0.89	0.99	0.96	-0.81	-0.78	0.97	0.78	0.97
Short Long Term Debt Total	0.89	0.72	0.83	-0.92	0.8	0.85	0.83	-0.54	0.39	0.92	-0.47	0.75	0.88	0.83	0.86	0.87		0.92	-0.96	0.83	0.84	-0.73	-0.6	0.9	0.91	0.88
Other Current Liab	0.84	0.59	0.88	-0.93	0.83	0.91	0.87	-0.39	0.38	0.93	-0.15	0.6	0.89	0.87	0.89	0.88	0.92		-0.84	0.87	0.85	-0.71	-0.82	0.92	0.74	0.92
Other Liab	-0.9	-0.75	-0.8	0.93	-0.79	-0.85	-0.84	0.67	-0.51	-0.91	0.56	-0.79	-0.86	-0.84	-0.87	-0.89	-0.96	-0.84		-0.84	-0.85	0.75	0.49	-0.91	-0.98	-0.86
Net Tangible Assets	0.85	0.47	0.95	-0.97	0.95	0.97	1.0	-0.57	0.58	0.92	-0.25	0.53	0.95	1.0	0.99	0.99	0.83	0.87	-0.84		0.97	-0.76	-0.81	0.95	0.72	0.98
Property Plant And Equipment Net	0.9	0.49	0.99	-0.95	0.99	0.91	0.96	-0.62	0.41	0.96	-0.38	0.57	0.99	0.96	0.95	0.96	0.84	0.85	-0.85	0.97		-0.62	-0.72	0.89	0.76	0.99
Net Debt	-0.6	-0.5	-0.56	0.82	-0.53	-0.86	-0.81	0.39	-0.89	-0.62	0.1	-0.5	-0.59	-0.81	-0.82	-0.81	-0.73	-0.71	0.75	-0.76	-0.62		0.67	-0.88	-0.64	-0.67
Long Term Debt	-0.56	-0.2	-0.76	0.77	-0.71	-0.85	-0.82	0.14	-0.48	-0.69	-0.26	-0.2	-0.72	-0.82	-0.81	-0.78	-0.6	-0.82	0.49	-0.81	-0.72	0.67		-0.79	-0.3	-0.79
Capital Surpluse	0.85	0.6	0.86	-0.99	0.84	0.99	0.96	-0.54	0.67	0.91	-0.22	0.63	0.89	0.96	0.97	0.97	0.9	0.92	-0.91	0.95	0.89	-0.88	-0.79		0.81	0.93
Other Current Assets	0.86	0.77	0.7	-0.83	0.7	0.73	0.72	-0.69	0.42	0.84	-0.65	0.82	0.78	0.72	0.75	0.78	0.91	0.74	-0.98	0.72	0.76	-0.64	-0.3	0.81		0.76
Property Plant And Equipment Gross	0.9	0.52	0.99	-0.97	0.97	0.95	0.97	-0.56	0.42	0.97	-0.3	0.58	0.99	0.97	0.97	0.97	0.88	0.92	-0.86	0.98	0.99	-0.67	-0.79	0.93	0.76

Click cells to compare fundamentals

Kits Eyecare Account Relationship Matchups

Kits Eyecare balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.4M	54.7M	90.9M	93.9M	87.6M	61.7M
Total Current Liabilities	30.6M	34.6M	16.8M	24.4M	24.5M	22.1M
Total Stockholder Equity	6.2M	(573K)	54.8M	53.7M	51.4M	26.4M
Retained Earnings	53K	(6.5M)	(21.1M)	(25.7M)	(27.9M)	(26.5M)
Cash	3.4M	2.3M	20.5M	18.8M	16.0M	10.5M
Other Assets	5K	210K	3.6M	5.1M	5.9M	6.2M
Cash And Short Term Investments	3.4M	2.3M	20.5M	18.8M	21.6M	22.7M
Net Receivables	845K	1.0M	440K	850K	1.7M	899.1K
Long Term Debt Total	14.7M	19.1M	19.3M	15.7M	18.1M	12.6M
Liabilities And Stockholders Equity	53.4M	54.7M	90.9M	93.9M	107.9M	55.9M
Inventory	2.8M	5.8M	13.5M	16.4M	15.4M	8.8M
Other Stockholder Equity	(1.3M)	(2.3M)	(2.6M)	(440K)	(396K)	(415.8K)
Total Liab	47.2M	55.2M	36.2M	40.2M	36.2M	35.3M
Total Current Assets	7.2M	10.3M	35.7M	37.0M	34.0M	21.4M
Cash And Equivalents	3.4M	2.3M	20.5M	18.8M	21.6M	22.7M
Property Plant Equipment	1.1M	1.6M	10.9M	10.0M	11.5M	12.1M
Accounts Payable	4.9M	9.6M	8.4M	14.5M	12.9M	9.2M
Non Current Assets Total	46.2M	44.3M	55.2M	56.9M	53.7M	47.0M
Good Will	37.2M	36.4M	36.3M	38.8M	37.9M	34.2M
Non Current Liabilities Total	16.6M	20.7M	19.3M	15.7M	11.7M	15.4M
Capital Lease Obligations	675K	1.0M	6.9M	6.3M	5.7M	3.8M
Net Invested Capital	29.4M	20.7M	70.9M	66.9M	61.2M	45.7M
Net Working Capital	(23.4M)	(24.3M)	18.9M	12.6M	9.5M	9.9M

Pair Trading with Kits Eyecare

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Kits Eyecare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Kits Eyecare will appreciate offsetting losses from the drop in the long position's value.

Moving together with Kits Stock

0.87	AAPL	Apple Inc CDR	Pair Corr
0.62	BRK	Berkshire Hathaway CDR	Pair Corr
0.62	MSFT	Microsoft Corp CDR	Pair Corr

The ability to find closely correlated positions to Kits Eyecare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kits Eyecare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kits Eyecare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kits Eyecare to buy it.

The correlation of Kits Eyecare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kits Eyecare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kits Eyecare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Kits Eyecare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Other Information on Investing in Kits Stock

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Kits Historical Balance Sheet

Kits Eyecare Inventory

8.8 Million

About Kits Balance Sheet Analysis

Kits Eyecare Balance Sheet Chart

Total Assets

Total Current Liabilities

Cash And Short Term Investments

Kits Eyecare balance sheet Correlations

Kits Eyecare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kits Eyecare balance sheet Accounts

Pair Trading with Kits Eyecare

Moving together with Kits Stock

Other Information on Investing in Kits Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Equivalents	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Cash And Short Term Investments
Property Plant Equipment	+ 1.0	Cash And Short Term Investments
Net Tangible Assets	+ 1.0	Cash And Short Term Investments
Common Stock	+ 1.0	Cash And Equivalents
Property Plant Equipment	+ 1.0	Cash And Equivalents

Capital Surpluse	- 0.99	Retained Earnings
Property Plant Equipment	- 0.99	Retained Earnings
Common Stock	- 0.99	Retained Earnings
Other Current Assets	- 0.98	Other Liab
Cash And Equivalents	- 0.98	Retained Earnings
Cash And Short Term Investments	- 0.98	Retained Earnings