Kits Cash And Equivalents vs Other Current Liab Analysis

KITS Stock  CAD 8.95  0.24  2.61%   
Kits Eyecare financial indicator trend analysis is infinitely more than just investigating Kits Eyecare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Kits Eyecare is a good investment. Please check the relationship between Kits Eyecare Cash And Equivalents and its Other Current Liab accounts. 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.

Cash And Equivalents vs Other Current Liab

Cash And Equivalents vs Other Current Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kits Eyecare Cash And Equivalents account and Other Current Liab. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Kits Eyecare's Cash And Equivalents and Other Current Liab is 0.94. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Kits Eyecare, assuming nothing else is changed. The correlation between historical values of Kits Eyecare's Cash And Equivalents and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Kits Eyecare are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Cash And Equivalents i.e., Kits Eyecare's Cash And Equivalents and Other Current Liab go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cash And Equivalents

Other Current Liab

Most indicators from Kits Eyecare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.
At this time, Kits Eyecare's Issuance Of Capital Stock is very stable compared to the past year. As of the 3rd of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.14, though Tax Provision is likely to grow to (642.2 K).
 2021 2022 2023 2024 (projected)
Interest Expense1.5M1.6M1.6M1.6M
Interest Income67K1.5M585K352.2K

Kits Eyecare fundamental ratios Correlations

0.820.9-0.90.880.830.88-0.71-0.250.960.290.870.920.850.90.89-0.710.91-0.90.850.90.82-0.860.88-0.560.85
0.820.49-0.620.440.520.44-0.72-0.740.66-0.230.990.540.480.550.56-0.560.61-0.750.470.490.58-0.510.52-0.20.6
0.90.49-0.920.990.890.99-0.50.190.960.640.560.990.930.950.93-0.710.94-0.80.950.990.85-0.940.96-0.760.86
-0.9-0.62-0.92-0.9-0.98-0.90.53-0.06-0.95-0.58-0.66-0.94-0.98-0.99-0.990.89-0.980.93-0.97-0.95-0.930.99-0.960.77-0.99
0.880.440.99-0.90.871.0-0.50.230.940.650.530.990.920.940.92-0.650.91-0.790.950.990.8-0.930.94-0.710.84
0.830.520.89-0.980.870.87-0.460.160.90.680.560.90.980.980.98-0.930.95-0.850.970.910.93-0.990.95-0.850.99
0.880.440.99-0.91.00.87-0.50.230.940.650.530.990.920.940.92-0.650.91-0.790.950.990.8-0.930.94-0.710.84
-0.71-0.72-0.50.53-0.5-0.46-0.50.51-0.590.03-0.78-0.52-0.49-0.55-0.540.31-0.460.61-0.5-0.54-0.330.5-0.420.11-0.49
-0.25-0.740.19-0.060.230.160.230.510.00.77-0.690.140.190.120.1-0.040.070.180.210.190.09-0.180.19-0.410.06
0.960.660.96-0.950.940.90.94-0.590.00.470.720.980.910.940.93-0.780.97-0.910.920.960.9-0.930.96-0.690.91
0.29-0.230.64-0.580.650.680.650.030.770.47-0.180.580.70.640.63-0.540.55-0.270.720.640.56-0.690.66-0.840.58
0.870.990.56-0.660.530.560.53-0.78-0.690.72-0.180.620.540.620.62-0.540.65-0.790.530.570.58-0.570.56-0.20.63
0.920.540.99-0.940.990.90.99-0.520.140.980.580.620.930.950.94-0.730.96-0.860.950.990.86-0.940.97-0.720.89
0.850.480.93-0.980.920.980.92-0.490.190.910.70.540.930.991.0-0.850.94-0.841.00.960.88-1.00.95-0.820.96
0.90.550.95-0.990.940.980.94-0.550.120.940.640.620.950.991.0-0.840.95-0.880.990.970.88-1.00.96-0.780.97
0.890.560.93-0.990.920.980.92-0.540.10.930.630.620.941.01.0-0.860.96-0.890.990.960.89-0.990.95-0.780.97
-0.71-0.56-0.710.89-0.65-0.93-0.650.31-0.04-0.78-0.54-0.54-0.73-0.85-0.84-0.86-0.880.79-0.82-0.72-0.950.87-0.860.83-0.94
0.910.610.94-0.980.910.950.91-0.460.070.970.550.650.960.940.950.96-0.88-0.910.940.940.96-0.960.98-0.780.96
-0.9-0.75-0.80.93-0.79-0.85-0.790.610.18-0.91-0.27-0.79-0.86-0.84-0.88-0.890.79-0.91-0.84-0.85-0.830.86-0.840.49-0.91
0.850.470.95-0.970.950.970.95-0.50.210.920.720.530.951.00.990.99-0.820.94-0.840.970.87-1.00.96-0.810.95
0.90.490.99-0.950.990.910.99-0.540.190.960.640.570.990.960.970.96-0.720.94-0.850.970.83-0.960.95-0.720.89
0.820.580.85-0.930.80.930.8-0.330.090.90.560.580.860.880.880.89-0.950.96-0.830.870.83-0.90.95-0.850.94
-0.86-0.51-0.940.99-0.93-0.99-0.930.5-0.18-0.93-0.69-0.57-0.94-1.0-1.0-0.990.87-0.960.86-1.0-0.96-0.9-0.970.82-0.97
0.880.520.96-0.960.940.950.94-0.420.190.960.660.560.970.950.960.95-0.860.98-0.840.960.950.95-0.97-0.850.94
-0.56-0.2-0.760.77-0.71-0.85-0.710.11-0.41-0.69-0.84-0.2-0.72-0.82-0.78-0.780.83-0.780.49-0.81-0.72-0.850.82-0.85-0.79
0.850.60.86-0.990.840.990.84-0.490.060.910.580.630.890.960.970.97-0.940.96-0.910.950.890.94-0.970.94-0.79
Click cells to compare fundamentals

Kits Eyecare Account Relationship Matchups

Kits Eyecare fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.4M54.7M90.9M93.9M87.6M61.7M
Total Current Liabilities30.6M34.6M16.8M24.4M24.5M22.1M
Total Stockholder Equity6.2M(573K)54.8M53.7M51.4M26.4M
Retained Earnings53K(6.5M)(21.1M)(25.7M)(27.9M)(26.5M)
Cash3.4M2.3M20.5M18.8M16.0M10.5M
Other Assets5K210K3.6M5.1M5.9M6.2M
Cash And Short Term Investments3.4M2.3M20.5M18.8M16.0M10.5M
Net Receivables845K1.1M861K917K1.8M980.3K
Long Term Debt Total14.7M19.1M19.3M15.7M18.1M12.6M
Liabilities And Stockholders Equity53.4M54.7M90.9M93.9M87.6M61.7M
Inventory2.8M5.8M13.5M16.4M15.4M8.8M
Other Stockholder Equity(3.4M)(6.9M)1.9M2.9M3.0M3.2M
Total Liab47.2M55.2M36.2M40.2M36.2M35.3M
Total Current Assets7.2M10.3M35.7M37.0M34.0M21.4M
Cash And Equivalents3.4M2.3M20.5M18.8M21.6M22.7M
Short Term Debt23.3M21.5M3.6M3.7M3.7M6.4M
Property Plant Equipment1.1M1.6M10.9M10.0M11.5M12.1M
Accounts Payable5.0M9.6M8.4M14.5M12.9M9.2M
Non Current Assets Total46.2M44.3M55.2M56.9M53.7M47.0M
Good Will37.2M36.4M36.3M38.8M37.9M34.2M
Non Current Liabilities Total16.6M20.7M19.3M15.7M11.7M15.4M
Capital Lease Obligations675K1.0M6.9M6.3M5.7M3.8M
Net Invested Capital29.4M20.7M70.9M66.9M61.2M45.7M
Net Working Capital(23.4M)(24.3M)18.9M12.6M9.5M9.9M

Other Information on Investing in Kits Stock

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.