Synoptics Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Synoptics Technologies has a total shareholder equity of ₹628.9M and total debt of ₹158.8M, which brings its debt-to-equity ratio to 25.2%. Its total assets and total liabilities are ₹838.5M and ₹209.6M respectively. Synoptics Technologies's EBIT is ₹107.6M making its interest coverage ratio 4.3. It has cash and short-term investments of ₹57.9M.
Key information
25.2%
Debt to equity ratio
₹158.75m
Debt
Interest coverage ratio | 4.3x |
Cash | ₹57.95m |
Equity | ₹628.92m |
Total liabilities | ₹209.60m |
Total assets | ₹838.52m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: SYNOPTICS's short term assets (₹505.6M) exceed its short term liabilities (₹111.8M).
Long Term Liabilities: SYNOPTICS's short term assets (₹505.6M) exceed its long term liabilities (₹97.8M).
Debt to Equity History and Analysis
Debt Level: SYNOPTICS's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: SYNOPTICS's debt to equity ratio has reduced from 102% to 25.2% over the past 5 years.
Debt Coverage: SYNOPTICS's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SYNOPTICS's interest payments on its debt are well covered by EBIT (4.3x coverage).