Syneos Health Balance Sheet Health
Financial Health criteria checks 3/6
Syneos Health has a total shareholder equity of $3.5B and total debt of $2.7B, which brings its debt-to-equity ratio to 75.8%. Its total assets and total liabilities are $8.1B and $4.6B respectively. Syneos Health's EBIT is $342.8M making its interest coverage ratio 3.1. It has cash and short-term investments of $91.2M.
Key information
75.8%
Debt to equity ratio
US$2.65b
Debt
Interest coverage ratio | 3.1x |
Cash | US$91.17m |
Equity | US$3.49b |
Total liabilities | US$4.58b |
Total assets | US$8.08b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8IN's short term assets ($2.0B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: 8IN's short term assets ($2.0B) do not cover its long term liabilities ($3.0B).
Debt to Equity History and Analysis
Debt Level: 8IN's net debt to equity ratio (73.2%) is considered high.
Reducing Debt: 8IN's debt to equity ratio has reduced from 101.8% to 75.8% over the past 5 years.
Debt Coverage: 8IN's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 8IN's interest payments on its debt are well covered by EBIT (3.1x coverage).