Sýn hf Balance Sheet Health
Financial Health criteria checks 2/6
Sýn hf has a total shareholder equity of ISK7.6B and total debt of ISK5.7B, which brings its debt-to-equity ratio to 75.8%. Its total assets and total liabilities are ISK29.5B and ISK21.9B respectively. Sýn hf's EBIT is ISK355.0M making its interest coverage ratio 0.3. It has cash and short-term investments of ISK113.0M.
Key information
75.83%
Debt to equity ratio
ISK 5.74b
Debt
| Interest coverage ratio | 0.3x |
| Cash | ISK 113.00m |
| Equity | ISK 7.56b |
| Total liabilities | ISK 21.89b |
| Total assets | ISK 29.46b |
Recent financial health updates
These 4 Measures Indicate That Sýn hf (ICE:SYN) Is Using Debt Extensively
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...We Think Sýn hf (ICE:SYN) Is Taking Some Risk With Its Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Here's Why Sýn hf (ICE:SYN) Is Weighed Down By Its Debt Load
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Recent updates
Financial Position Analysis
Short Term Liabilities: SYN's short term assets (ISK6.5B) do not cover its short term liabilities (ISK7.0B).
Long Term Liabilities: SYN's short term assets (ISK6.5B) do not cover its long term liabilities (ISK14.9B).
Debt to Equity History and Analysis
Debt Level: SYN's net debt to equity ratio (74.3%) is considered high.
Reducing Debt: SYN's debt to equity ratio has reduced from 115.3% to 75.8% over the past 5 years.
Debt Coverage: SYN's debt is well covered by operating cash flow (66.8%).
Interest Coverage: SYN's interest payments on its debt are not well covered by EBIT (0.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 07:12 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sýn hf. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.