Kits Eyecare Ltd (KITS) - Total Assets
Based on the latest financial reports, Kits Eyecare Ltd (KITS) holds total assets worth CA$98.85 Million CAD (≈ $71.51 Million USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. See shareholders equity of Kits Eyecare Ltd for net asset value and shareholders' equity analysis.
Kits Eyecare Ltd - Total Assets Trend (2017–2024)
This chart illustrates how Kits Eyecare Ltd's total assets have evolved over time, based on quarterly financial data.
Kits Eyecare Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Kits Eyecare Ltd's total assets of CA$98.85 Million consist of 43.8% current assets and 56.3% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$19.27 Million | 18.7% |
| Accounts Receivable | CA$2.53 Million | 2.5% |
| Inventory | CA$22.49 Million | 21.8% |
| Property, Plant & Equipment | CA$10.86 Million | 10.5% |
| Intangible Assets | CA$1.15 Million | 1.1% |
| Goodwill | CA$41.19 Million | 40.0% |
Asset Composition Trend (2017–2024)
This chart illustrates how Kits Eyecare Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see Kits Eyecare Ltd stock valuation.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Kits Eyecare Ltd's current assets represent 43.8% of total assets in 2024, a decrease from 96.9% in 2017.
- Cash Position: Cash and equivalents constituted 18.7% of total assets in 2024, down from 50.5% in 2017.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 40.0% of total assets, an increase from 0.0% in 2017.
- Asset Diversification: The largest asset category is goodwill at 40.0% of total assets.
Kits Eyecare Ltd Competitors by Total Assets
Key competitors of Kits Eyecare Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
National Vision Holdings Inc
NASDAQ:EYE
|
USA | $1.96 Billion |
|
Pet Center Comércio e Participações S.A.
SA:PETZ3
|
Brazil | R$3.94 Billion |
|
HomesToLife Ltd
NASDAQ:HTLM
|
USA | $108.23 Million |
|
Bon Fame Co Ltd
TWO:8433
|
Taiwan | NT$4.65 Billion |
|
BEBO Health SA
PA:MLBBO
|
France | €4.94 Million |
|
JB Hi-Fi Ltd
AU:JBH
|
Australia | AU$3.88 Billion |
|
Harvey Norman Holdings Ltd
AU:HVN
|
Australia | AU$8.77 Billion |
|
Super Retail Group Ltd
AU:SUL
|
Australia | AU$3.34 Billion |
Kits Eyecare Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.41 | 1.20 | 0.30 |
| Quick Ratio | 0.72 | 0.67 | 0.13 |
| Cash Ratio | 0.61 | 0.59 | 0.00 |
| Working Capital | CA$13.16 Million | CA$6.51 Million | CA$-24.26 Million |
Kits Eyecare Ltd - Advanced Valuation Insights
This section examines the relationship between Kits Eyecare Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 9.82 |
| Latest Market Cap to Assets Ratio | 3.22 |
| Asset Growth Rate (YoY) | 17.6% |
| Total Assets | CA$103.02 Million |
| Market Capitalization | $331.31 Million USD |
Valuation Analysis
Premium Asset Valuation: The market values Kits Eyecare Ltd's assets at a significant premium (3.22x), suggesting investors see substantial growth potential or unique competitive advantages.
Rapid Asset Growth: Kits Eyecare Ltd's assets grew by 17.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Kits Eyecare Ltd (2017–2024)
The table below shows the annual total assets of Kits Eyecare Ltd from 2017 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$103.02 Million ≈ $74.53 Million |
+17.55% |
| 2023-12-31 | CA$87.64 Million ≈ $63.40 Million |
-6.63% |
| 2022-12-31 | CA$93.86 Million ≈ $67.90 Million |
+3.21% |
| 2021-12-31 | CA$90.94 Million ≈ $65.79 Million |
+66.39% |
| 2020-12-31 | CA$54.66 Million ≈ $39.54 Million |
+2.39% |
| 2019-12-31 | CA$53.38 Million ≈ $38.62 Million |
+790.59% |
| 2018-12-31 | CA$5.99 Million ≈ $4.34 Million |
-1.83% |
| 2017-12-31 | CA$6.11 Million ≈ $4.42 Million |
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About Kits Eyecare Ltd
Kits Eyecare Ltd. operates a digital eyecare platform in the United States and Canada. It manufactures progressive and contact lenses, eyeglasses, and frames under the KITS brand, as well as distributes eyewear products of various brands. The company operates a network of optical e-commerce websites, including KITS.com, KITS.ca, OptiContacts.com, and ContactsExpress.ca. Kits Eyecare Ltd. was foun… Read more