Synex Renewable Energy Balance Sheet Health
Financial Health criteria checks 2/6
Synex Renewable Energy has a total shareholder equity of CA$2.9M and total debt of CA$13.8M, which brings its debt-to-equity ratio to 483.9%. Its total assets and total liabilities are CA$18.8M and CA$15.9M respectively.
Key information
483.9%
Debt to equity ratio
CA$13.80m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$274.33k |
| Equity | CA$2.85m |
| Total liabilities | CA$15.90m |
| Total assets | CA$18.75m |
Recent financial health updates
Health Check: How Prudently Does Synex Renewable Energy (TSE:SXI) Use Debt?
Mar 14
Is Synex Renewable Energy (TSE:SXI) Using Too Much Debt?
Nov 01Is Synex Renewable Energy (TSE:SXI) Using Debt Sensibly?
Jun 10Here's Why Synex International (TSE:SXI) Has A Meaningful Debt Burden
Aug 22Is Synex International (TSE:SXI) A Risky Investment?
May 11Is Synex International (TSE:SXI) A Risky Investment?
Dec 29Recent updates
Health Check: How Prudently Does Synex Renewable Energy (TSE:SXI) Use Debt?
Mar 14This Is Why Shareholders May Want To Hold Back On A Pay Rise For Synex Renewable Energy Corporation's (TSE:SXI) CEO
Nov 21Is Synex Renewable Energy (TSE:SXI) Using Too Much Debt?
Nov 01Is Synex Renewable Energy (TSE:SXI) Using Debt Sensibly?
Jun 10There Could Be A Chance Synex Renewable Energy Corporation's (TSE:SXI) CEO Will Have Their Compensation Increased
Nov 19Synex Renewable Energy's (TSE:SXI) Returns On Capital Not Reflecting Well On The Business
Feb 08Shareholders May Be A Bit More Conservative With Synex International Inc.'s (TSE:SXI) CEO Compensation For Now
Nov 18Here's Why Synex International (TSE:SXI) Has A Meaningful Debt Burden
Aug 22Is Synex International (TSE:SXI) A Risky Investment?
May 11A Look At The Intrinsic Value Of Synex International Inc. (TSE:SXI)
Mar 04Is Synex International (TSE:SXI) A Risky Investment?
Dec 29Financial Position Analysis
Short Term Liabilities: SXI's short term assets (CA$794.1K) do not cover its short term liabilities (CA$2.3M).
Long Term Liabilities: SXI's short term assets (CA$794.1K) do not cover its long term liabilities (CA$13.6M).
Debt to Equity History and Analysis
Debt Level: SXI's net debt to equity ratio (474.3%) is considered high.
Reducing Debt: SXI's debt to equity ratio has increased from 243.1% to 483.9% 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: SXI has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: SXI is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.