Synex Renewable Energy Balance Sheet Health
Financial Health criteria checks 1/6
Synex Renewable Energy has a total shareholder equity of CA$3.8M and total debt of CA$13.6M, which brings its debt-to-equity ratio to 356.7%. Its total assets and total liabilities are CA$19.5M and CA$15.7M respectively.
Key information
356.7%
Debt to equity ratio
CA$13.57m
Debt
Interest coverage ratio | n/a |
Cash | CA$451.09k |
Equity | CA$3.80m |
Total liabilities | CA$15.72m |
Total assets | CA$19.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: V5X's short term assets (CA$1.1M) do not cover its short term liabilities (CA$1.7M).
Long Term Liabilities: V5X's short term assets (CA$1.1M) do not cover its long term liabilities (CA$14.0M).
Debt to Equity History and Analysis
Debt Level: V5X's net debt to equity ratio (344.8%) is considered high.
Reducing Debt: V5X's debt to equity ratio has increased from 92.3% to 356.7% 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 more than a year based on its current free cash flow.
Forecast Cash Runway: V5X has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.7% each year