Syrah Resources Balance Sheet Health
Financial Health criteria checks 3/6
Syrah Resources has a total shareholder equity of $353.6M and total debt of $279.9M, which brings its debt-to-equity ratio to 79.2%. Its total assets and total liabilities are $700.0M and $346.4M respectively.
Key information
79.2%
Debt to equity ratio
US$279.92m
Debt
| Interest coverage ratio | n/a |
| Cash | US$84.89m |
| Equity | US$353.60m |
| Total liabilities | US$346.44m |
| Total assets | US$700.05m |
Recent financial health updates
Health Check: How Prudently Does Syrah Resources (ASX:SYR) Use Debt?
Apr 26
Is Syrah Resources (ASX:SYR) A Risky Investment?
Oct 01Recent updates
There Is A Reason Syrah Resources Limited's (ASX:SYR) Price Is Undemanding
Feb 08Syrah Resources Limited (ASX:SYR) Surges 50% Yet Its Low P/S Is No Reason For Excitement
Oct 24News Flash: 3 Analysts Think Syrah Resources Limited (ASX:SYR) Earnings Are Under Threat
Oct 18Need To Know: Analysts Just Made A Substantial Cut To Their Syrah Resources Limited (ASX:SYR) Estimates
Jun 27Need To Know: The Consensus Just Cut Its Syrah Resources Limited (ASX:SYR) Estimates For 2023
Apr 29Health Check: How Prudently Does Syrah Resources (ASX:SYR) Use Debt?
Apr 26Is Syrah Resources (ASX:SYR) A Risky Investment?
Oct 01Analysts Are Betting On Syrah Resources Limited (ASX:SYR) With A Big Upgrade This Week
Jun 24Is Syrah Resources Limited's (ASX:SYR) Shareholder Ownership Skewed Towards Insiders?
Feb 19
Can You Imagine How Syrah Resources' (ASX:SYR) Shareholders Feel About The 84% Share Price Increase?
Jan 15Syrah Resources Limited (ASX:SYR) Analysts Just Slashed This Year's Revenue Estimates By 11%
Dec 10What Can We Make Of Syrah Resources' (ASX:SYR) CEO Compensation?
Dec 07Financial Position Analysis
Short Term Liabilities: SYR's short term assets ($125.1M) do not cover its short term liabilities ($311.9M).
Long Term Liabilities: SYR's short term assets ($125.1M) exceed its long term liabilities ($34.5M).
Debt to Equity History and Analysis
Debt Level: SYR's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: SYR's debt to equity ratio has increased from 0% to 79.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: SYR has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SYR is forecast to have sufficient cash runway for 7 months based on free cash flow estimates, but has since raised additional capital.