Synthomer Balance Sheet Health
Financial Health criteria checks 2/6
Synthomer has a total shareholder equity of £963.3M and total debt of £1.0B, which brings its debt-to-equity ratio to 106.8%. Its total assets and total liabilities are £2.7B and £1.7B respectively. Synthomer's EBIT is £7.7M making its interest coverage ratio 0.1. It has cash and short-term investments of £232.9M.
Key information
106.8%
Debt to equity ratio
UK£1.03b
Debt
Interest coverage ratio | 0.1x |
Cash | UK£232.90m |
Equity | UK£963.30m |
Total liabilities | UK£1.72b |
Total assets | UK£2.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7YC's short term assets (£907.9M) exceed its short term liabilities (£527.8M).
Long Term Liabilities: 7YC's short term assets (£907.9M) do not cover its long term liabilities (£1.2B).
Debt to Equity History and Analysis
Debt Level: 7YC's net debt to equity ratio (82.6%) is considered high.
Reducing Debt: 7YC's debt to equity ratio has increased from 60.7% to 106.8% over the past 5 years.
Debt Coverage: 7YC's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 7YC's interest payments on its debt are not well covered by EBIT (0.1x coverage).