Kingsway Financial Services Balance Sheet - Annual (NYSE:KFS)

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$3 $0 (0%) KFS stock closing price Sep 20, 2018 (Closing)

A thorough fundamental analysis involves using data from Kingsway Financial Services balance sheet, apart from other financial statements, to value the business. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Kingsway Financial Services stock analysis. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. Kingsway Financial Services had a long term debt of $57.02M at the end of 2017. To understand the debt servicing capacity of the company, one needs to look at Kingsway Financial Services operating cash flow and Kingsway Financial Services revenue also. Kingsway Financial Services debt to equity ratio is 7.24.

View latest 10 year balance sheet data to check Kingsway Financial Services financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash44.28M36.47M51.7M74.02M98.58M80.81M85.48M140.56M58.72M105.65M
Marketable Securities----------
Receivables45.03M42.26M35.63M60.38M66.09M108.07M52.72M72.11M118.61M540.56M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets------8.13M-1.17B40.02M
Total Current Assets
89.47M79.14M87.74M134.81M165.18M189.47M146.34M212.68M1.35B686.24M
Property Plant & Equipment121.83M127.56M18.11M23.45M17.51M25.59M40.77M---
Accumulated Depreciation13.6M10.6M12.53M17.29M15.84M22.88M27.73M---
Net Property Plant & Equipment
108.23M116.96M5.57M6.16M1.66M2.7M13.04M12.46M30.3M113.37M
Investment & Advances101.41M126.64M107.33M86.68M68.69M87.41M166.12M195.76M512.19M2.37B
Other Non-Current Assets----------
Deferred Charges13.04M13.6M12.14M12.19M12.39M14.1M8.11M13.95M29.08M127.55M
Intangibles167.72M160.07M24.81M57.88M59.5M59M39.63M43.95M37.57M45.77M
Deposits & Other Assets4.7M4.58M3.41M3.97M17.2M20.09M-40.75M--
Total Assets
484.6M501.02M241.02M301.72M324.63M372.8M374.08M519.58M1.96B3.34B
Notes Payable------2.41M-66.22M66.22M
Accounts Payable103.11M96.98M93.82M103.82M137.27M156.56M1.91M217.09M429.54M2.01B
Current Portion Long-Term Debt186.46M190.07M--------
Current Portion Capital Leases----------
Accrued Expenses15.96M20.48M19.95M40.58M36.82M34.74M26.26M---
Income Taxes Payable----------
Other Current Liabilities------39.42M66.87M1.03B536.48M
Total Current Liabilities
305.55M307.54M113.78M144.4M174.09M191.3M70.02M283.97M1.52B2.62B
Mortgages----------
Deferred Taxes/Income42.38M50.77M2.92M5.38M7.15M5.93M13.78M---
Convertible Debt----------
Long-Term Debt57.02M43.61M39.89M40.65M42.82M47.5M44.76M124.91M264.17M272.58M
Non-Current Capital Leases----------
Other Long-Term Liabilities30.33M35.82M34.31M49.45M48.78M48.98M129.1M15.88M--
Total Liabilities
435.29M437.75M190.92M253.52M287.71M307.38M257.67M424.77M1.79B2.89B
Minority Interest---13.61M14.85M13.65M----
Preferred Stock5.46M6.42M6.39M6.33M------
Common Stock Net-----296.62M296.48M296.13M295.29M322.34M
Capital Surplus356.02M353.88M341.64M340.84M324.8M15.75M15.4M15.44M20.54M9.79M
Retained Earnings-313.48M-297.66M-308.99M-312.05M-298.93M-262.06M-201.2M-231.81M-193.57M98.56M
Treasury Stock----------
Other Liabilities1.31M-11.05M13.07M11.04M15.1M5.72M15.04M47.07M22.87M
Shareholders Equity49.31M63.26M50.09M48.19M36.92M65.41M116.4M94.8M169.33M453.57M
Total Liabilities & Shareholders Equity484.6M501.02M241.02M301.72M324.63M372.8M374.08M519.58M1.96B3.34B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Kingsway Financial Services historical stock prices and the current Kingsway Financial Services stock price can tell you how the stock price has moved, whereas the Kingsway Financial Services PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: KFS total assets, which was at $484.6M for 2017 is a balance sheet item representing value of what Kingsway Financial Services owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Kingsway Financial Services is $435.29M. Shareholders' equity comes under liabilities as it is money the company owes the holders of KFS stock.

Kingsway Financial Services Balance Sheet - Key Ratios

Current ratio
0.22
Debt to equity ratio
7.24
Asset turnover ratio
0.11
Receivables turnover
3.97
Price to book ratio
1.4

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