Synoptics Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Synoptics Technologies has a total shareholder equity of ₹657.5M and total debt of ₹202.9M, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are ₹919.9M and ₹262.3M respectively. Synoptics Technologies's EBIT is ₹101.0M making its interest coverage ratio 4.6. It has cash and short-term investments of ₹41.6M.
Key information
30.9%
Debt to equity ratio
₹202.88m
Debt
| Interest coverage ratio | 4.6x |
| Cash | ₹41.62m |
| Equity | ₹657.55m |
| Total liabilities | ₹262.30m |
| Total assets | ₹919.85m |
Financial Position Analysis
Short Term Liabilities: SYNOPTICS's short term assets (₹549.5M) exceed its short term liabilities (₹198.8M).
Long Term Liabilities: SYNOPTICS's short term assets (₹549.5M) exceed its long term liabilities (₹63.5M).
Debt to Equity History and Analysis
Debt Level: SYNOPTICS's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: SYNOPTICS's debt to equity ratio has reduced from 103.2% to 30.9% 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 (4.6x coverage).