KFS
Kingsway Financial Services Inc. (KFS) ESG Analysis Analysis (2026)
Overall Score
Environmental
No R&D intensity is reported, suggesting limited visible environmental innovation spend in the latest metrics.
Capex remains low relative to revenue, which may limit near-term environmental investment capacity.
Social
SG&A remains elevated at 43.2% of revenue, indicating a meaningful ongoing operating cost base tied to people and service delivery.
No recent news indicates a material change in labor, customer, or community-related ESG exposure.
Governance
Leverage remains elevated with net debt to EBITDA at 2.31x, which constrains financial flexibility.
Liquidity is weak with a current ratio of 0.87x and negative working capital, increasing balance-sheet risk.
Profitability remains negative, with ROE at -28.6% and net margin at -4.9%, which weighs on governance quality and capital allocation effectiveness.
Sources
- Company filings (10-K, 10-Q, investor presentations)
- Financial and market data providers
- Public news and industry information
🔒 Go Beyond This Framework
This is one of 10 institutional-grade frameworks Invetso runs on Kingsway Financial Services Inc.. Unlock the complete analysis — SWOT, Economic Moat, Porter’s Five Forces, Management, PESTLE and the Invetso Quality Score.

