Synex Renewable Energy Balance Sheet Health
Financial Health criteria checks 2/6
Synex Renewable Energy has a total shareholder equity of CA$3.3M and total debt of CA$13.4M, which brings its debt-to-equity ratio to 409.1%. Its total assets and total liabilities are CA$18.7M and CA$15.5M respectively.
Key information
409.1%
Debt to equity ratio
CA$13.38m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$117.36k |
| Equity | CA$3.27m |
| Total liabilities | CA$15.45m |
| Total assets | CA$18.72m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: V5X's short term assets (CA$530.6K) do not cover its short term liabilities (CA$1.7M).
Long Term Liabilities: V5X's short term assets (CA$530.6K) do not cover its long term liabilities (CA$13.7M).
Debt to Equity History and Analysis
Debt Level: V5X's net debt to equity ratio (405.6%) is considered high.
Reducing Debt: V5X's debt to equity ratio has increased from 210.5% to 409.1% 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: V5X has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: V5X is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.