Synoptics Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Synoptics Technologies has a total shareholder equity of ₹692.6M and total debt of ₹210.0M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are ₹981.9M and ₹289.3M respectively. Synoptics Technologies's EBIT is ₹111.1M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹18.0M.
Key information
30.3%
Debt to equity ratio
₹210.01m
Debt
| Interest coverage ratio | 4.6x |
| Cash | ₹18.05m |
| Equity | ₹692.61m |
| Total liabilities | ₹289.27m |
| Total assets | ₹981.88m |
Financial Position Analysis
Short Term Liabilities: SYNOPTICS's short term assets (₹585.5M) exceed its short term liabilities (₹212.2M).
Long Term Liabilities: SYNOPTICS's short term assets (₹585.5M) exceed its long term liabilities (₹77.1M).
Debt to Equity History and Analysis
Debt Level: SYNOPTICS's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: SYNOPTICS's debt to equity ratio has reduced from 104.1% to 30.3% over the past 5 years.
Debt Coverage: SYNOPTICS's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: SYNOPTICS's interest payments on its debt are well covered by EBIT (4.6x coverage).