Kits Net Receivables vs Net Debt Analysis

KITS Stock

CAD 11.66 0.21 1.77%

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 Net Receivables and its Net Debt 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.

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Kits Eyecare Net Receivables account and Net Debt. At this time, the significance of the direction appears to have very week relationship.

The correlation between Kits Eyecare's Net Receivables and Net Debt is 0.21. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Debt 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 Net Receivables and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Kits Eyecare are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Receivables i.e., Kits Eyecare's Net Receivables and Net Debt go up and down completely randomly.

Correlation Coefficient

0.21

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

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 Tax Provision is very stable compared to the past year. As of the 30th of April 2025, Selling General Administrative is likely to grow to about 33.7 M, while Sales General And Administrative To Revenue is likely to drop 0.06.

	2022	2023	2024	2025 (projected)
Interest Expense	1.6M	1.6M	1.2M	1.6M
Interest Income	1.5M	585K	580K	387.9K

Interest Expense Interest Income

Kits Eyecare fundamental ratios 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	Current Deferred Revenue	Net Debt	Non Currrent Assets Other	Long Term Debt	Capital Surpluse
Total Assets		0.86	0.92	-0.94	0.9	0.87	0.9	-0.44	-0.16	0.9	0.41	0.88	0.94	0.88	0.91	0.92	-0.79	0.92	-0.92	0.89	0.92	0.84	-0.9	0.86	-0.64	0.9
Total Current Liabilities	0.86		0.62	-0.7	0.58	0.65	0.56	-0.4	-0.55	0.74	0.01	0.97	0.68	0.6	0.66	0.66	-0.71	0.73	-0.79	0.58	0.62	0.71	-0.62	0.65	-0.51	0.71
Total Stockholder Equity	0.92	0.62		-0.95	0.99	0.93	0.99	-0.25	0.23	0.89	0.7	0.63	0.99	0.95	0.95	0.95	-0.8	0.95	-0.83	0.97	0.99	0.87	-0.96	0.91	-0.73	0.91
Retained Earnings	-0.94	-0.7	-0.95		-0.94	-0.97	-0.93	0.27	-0.12	-0.96	-0.63	-0.71	-0.96	-0.97	-0.98	-0.98	0.88	-0.97	0.93	-0.97	-0.96	-0.9	0.99	-0.97	0.77	-0.98
Cash	0.9	0.58	0.99	-0.94		0.91	1.0	-0.27	0.26	0.88	0.7	0.6	0.98	0.95	0.94	0.95	-0.75	0.93	-0.83	0.97	0.99	0.83	-0.95	0.89	-0.7	0.89
Other Assets	0.87	0.65	0.93	-0.97	0.91		0.89	-0.16	0.21	0.98	0.74	0.63	0.93	0.98	0.99	0.98	-0.92	0.94	-0.87	0.98	0.95	0.9	-0.99	1.0	-0.89	0.99
Cash And Short Term Investments	0.9	0.56	0.99	-0.93	1.0	0.89		-0.28	0.26	0.85	0.69	0.59	0.98	0.94	0.93	0.93	-0.73	0.92	-0.82	0.95	0.99	0.82	-0.94	0.87	-0.67	0.87
Net Receivables	-0.44	-0.4	-0.25	0.27	-0.27	-0.16	-0.28		0.53	-0.23	0.22	-0.57	-0.22	-0.22	-0.24	-0.27	-0.07	-0.13	0.37	-0.23	-0.27	0.03	0.21	-0.13	-0.15	-0.19
Common Stock Shares Outstanding	-0.16	-0.55	0.23	-0.12	0.26	0.21	0.26	0.53		0.07	0.76	-0.6	0.19	0.23	0.17	0.15	-0.12	0.14	0.11	0.26	0.23	0.16	-0.23	0.2	-0.31	0.12
Inventory	0.9	0.74	0.89	-0.96	0.88	0.98	0.85	-0.23	0.07		0.63	0.72	0.92	0.96	0.98	0.97	-0.91	0.93	-0.91	0.95	0.92	0.88	-0.96	0.98	-0.87	0.99
Other Stockholder Equity	0.41	0.01	0.7	-0.63	0.7	0.74	0.69	0.22	0.76	0.63		-0.03	0.66	0.75	0.71	0.69	-0.62	0.62	-0.36	0.76	0.7	0.62	-0.74	0.74	-0.79	0.65
Total Liab	0.88	0.97	0.63	-0.71	0.6	0.63	0.59	-0.57	-0.6	0.72	-0.03		0.67	0.61	0.67	0.68	-0.61	0.69	-0.82	0.6	0.64	0.62	-0.63	0.62	-0.4	0.69
Total Current Assets	0.94	0.68	0.99	-0.96	0.98	0.93	0.98	-0.22	0.19	0.92	0.66	0.67		0.95	0.95	0.96	-0.84	0.98	-0.88	0.96	0.99	0.91	-0.96	0.92	-0.75	0.93
Cash And Equivalents	0.88	0.6	0.95	-0.97	0.95	0.98	0.94	-0.22	0.23	0.96	0.75	0.61	0.95		1.0	1.0	-0.84	0.92	-0.86	1.0	0.98	0.85	-0.99	0.98	-0.84	0.96
Common Stock	0.91	0.66	0.95	-0.98	0.94	0.99	0.93	-0.24	0.17	0.98	0.71	0.67	0.95	1.0		1.0	-0.87	0.94	-0.89	0.99	0.97	0.87	-0.99	0.98	-0.84	0.98
Property Plant Equipment	0.92	0.66	0.95	-0.98	0.95	0.98	0.93	-0.27	0.15	0.97	0.69	0.68	0.96	1.0	1.0		-0.85	0.94	-0.9	0.99	0.98	0.86	-0.99	0.97	-0.82	0.97
Short Long Term Debt Total	-0.79	-0.71	-0.8	0.88	-0.75	-0.92	-0.73	-0.07	-0.12	-0.91	-0.62	-0.61	-0.84	-0.84	-0.87	-0.85		-0.92	0.79	-0.83	-0.8	-0.97	0.87	-0.93	0.91	-0.93
Other Current Liab	0.92	0.73	0.95	-0.97	0.93	0.94	0.92	-0.13	0.14	0.93	0.62	0.69	0.98	0.92	0.94	0.94	-0.92		-0.9	0.93	0.94	0.97	-0.95	0.94	-0.79	0.95
Other Liab	-0.92	-0.79	-0.83	0.93	-0.83	-0.87	-0.82	0.37	0.11	-0.91	-0.36	-0.82	-0.88	-0.86	-0.89	-0.9	0.79	-0.9		-0.85	-0.87	-0.8	0.88	-0.86	0.61	-0.92
Net Tangible Assets	0.89	0.58	0.97	-0.97	0.97	0.98	0.95	-0.23	0.26	0.95	0.76	0.6	0.96	1.0	0.99	0.99	-0.83	0.93	-0.85		0.98	0.85	-1.0	0.97	-0.82	0.96
Property Plant And Equipment Net	0.92	0.62	0.99	-0.96	0.99	0.95	0.99	-0.27	0.23	0.92	0.7	0.64	0.99	0.98	0.97	0.98	-0.8	0.94	-0.87	0.98		0.85	-0.98	0.93	-0.75	0.93
Current Deferred Revenue	0.84	0.71	0.87	-0.9	0.83	0.9	0.82	0.03	0.16	0.88	0.62	0.62	0.91	0.85	0.87	0.86	-0.97	0.97	-0.8	0.85	0.85		-0.88	0.91	-0.84	0.91
Net Debt	-0.9	-0.62	-0.96	0.99	-0.95	-0.99	-0.94	0.21	-0.23	-0.96	-0.74	-0.63	-0.96	-0.99	-0.99	-0.99	0.87	-0.95	0.88	-1.0	-0.98	-0.88		-0.98	0.84	-0.98
Non Currrent Assets Other	0.86	0.65	0.91	-0.97	0.89	1.0	0.87	-0.13	0.2	0.98	0.74	0.62	0.92	0.98	0.98	0.97	-0.93	0.94	-0.86	0.97	0.93	0.91	-0.98		-0.91	0.99
Long Term Debt	-0.64	-0.51	-0.73	0.77	-0.7	-0.89	-0.67	-0.15	-0.31	-0.87	-0.79	-0.4	-0.75	-0.84	-0.84	-0.82	0.91	-0.79	0.61	-0.82	-0.75	-0.84	0.84	-0.91		-0.86
Capital Surpluse	0.9	0.71	0.91	-0.98	0.89	0.99	0.87	-0.19	0.12	0.99	0.65	0.69	0.93	0.96	0.98	0.97	-0.93	0.95	-0.92	0.96	0.93	0.91	-0.98	0.99	-0.86

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Kits Eyecare Account Relationship Matchups

Kits Eyecare fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	54.7M	90.9M	93.9M	87.6M	103.0M	68.1M
Total Current Liabilities	34.6M	16.8M	24.4M	24.5M	38.8M	24.6M
Total Stockholder Equity	(573K)	54.8M	53.7M	51.4M	57.9M	31.1M
Retained Earnings	(6.5M)	(21.1M)	(25.7M)	(27.9M)	(24.8M)	(23.6M)
Cash	2.3M	20.5M	18.8M	16.0M	19.3M	11.9M
Other Assets	5K	210K	3.6M	5.1M	5.9M	6.2M
Cash And Short Term Investments	2.3M	20.5M	18.8M	16.0M	18.4M	10.5M
Net Receivables	1.1M	861K	917K	1.8M	2.2M	1.5M
Long Term Debt Total	14.7M	19.1M	19.3M	15.7M	18.1M	12.6M
Liabilities And Stockholders Equity	54.7M	90.9M	93.9M	87.6M	100.8M	61.7M
Inventory	5.8M	13.5M	16.4M	15.4M	22.5M	23.6M
Other Stockholder Equity	(6.9M)	1.9M	2.9M	3.0M	3.5M	3.7M
Total Liab	55.2M	36.2M	40.2M	36.2M	45.1M	37.1M
Total Current Assets	10.3M	35.7M	37.0M	34.0M	45.1M	24.9M
Cash And Equivalents	3.4M	2.3M	20.5M	18.8M	21.6M	22.7M
Short Term Debt	21.5M	3.6M	3.7M	3.7M	3.4M	6.4M
Property Plant Equipment	1.1M	1.6M	10.9M	10.0M	11.5M	12.1M
Accounts Payable	9.6M	8.4M	14.5M	12.9M	21.8M	11.3M
Non Current Assets Total	44.3M	55.2M	56.9M	53.7M	57.9M	49.4M
Good Will	36.4M	36.3M	38.8M	37.9M	41.2M	35.8M
Non Current Liabilities Total	20.7M	19.3M	15.7M	11.7M	6.4M	6.1M
Capital Lease Obligations	1.0M	6.9M	6.3M	5.7M	5.4M	4.1M
Net Invested Capital	20.7M	70.9M	66.9M	61.2M	65.0M	49.4M
Net Working Capital	(24.3M)	18.9M	12.6M	9.5M	6.3M	6.6M
Short Long Term Debt Total	22.3M	22.9M	19.4M	15.4M	13.9M	16.6M
Other Current Liab	1.2M	2.3M	2.8M	3.5M	4.0M	2.2M
Property Plant And Equipment Net	1.6M	10.9M	10.0M	8.7M	10.9M	7.9M
Current Deferred Revenue	2.2M	2.5M	3.5M	4.4M	5.1M	3.2M
Net Debt	20.0M	2.4M	648K	(646K)	(581.4K)	(552.3K)
Non Currrent Assets Other	210K	3.6M	5.1M	5.7M	6.5M	6.9M
Long Term Debt	18.3M	13.0M	10.0M	6.7M	1.8M	1.7M
Other Current Assets	1.1M	860K	877K	728K	787K	818.2K
Property Plant And Equipment Gross	1.9M	12.2M	13.3M	13.6M	18.6M	11.1M
Short Long Term Debt	21.3M	3.1M	3.1M	3.0M	5.4M	7.9M
Accumulated Other Comprehensive Income	(2.3M)	(2.6M)	(440K)	(1.1M)	(1.2M)	(1.3M)

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.

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Kits Net Receivables vs Net Debt Analysis

Net Receivables vs Net Debt

Net Receivables vs Net Debt Correlation Analysis

Correlation Coefficient

Net Receivables

Net Debt

Kits Eyecare fundamental ratios Correlations

Kits Eyecare Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Kits Eyecare fundamental ratios Accounts

Other Information on Investing in Kits Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

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

Net Debt	- 1.0	Net Tangible Assets
Net Debt	- 0.99	Property Plant Equipment
Net Debt	- 0.99	Common Stock
Net Debt	- 0.99	Cash And Equivalents
Net Debt	- 0.99	Other Assets
Capital Surpluse	- 0.98	Net Debt