Syrah Resources Balance Sheet Health
Financial Health criteria checks 3/6
Syrah Resources has a total shareholder equity of $431.9M and total debt of $207.3M, which brings its debt-to-equity ratio to 48%. Its total assets and total liabilities are $698.2M and $266.3M respectively.
Key information
48.0%
Debt to equity ratio
US$207.30m
Debt
| Interest coverage ratio | n/a |
| Cash | US$81.61m |
| Equity | US$431.90m |
| Total liabilities | US$266.31m |
| Total assets | US$698.21m |
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
Need To Know: The Consensus Just Cut Its Syrah Resources Limited (ASX:SYR) Estimates For 2024
May 01There 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
Financial Position Analysis
Short Term Liabilities: SYR's short term assets ($127.7M) exceed its short term liabilities ($28.0M).
Long Term Liabilities: SYR's short term assets ($127.7M) do not cover its long term liabilities ($238.3M).
Debt to Equity History and Analysis
Debt Level: SYR's net debt to equity ratio (29.1%) is considered satisfactory.
Reducing Debt: SYR's debt to equity ratio has increased from 0% to 48% 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SYR has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 16.1% each year.