Sýn hf Balance Sheet Health
Financial Health criteria checks 3/6
Sýn hf has a total shareholder equity of ISK10.1B and total debt of ISK6.2B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are ISK34.0B and ISK24.0B respectively. Sýn hf's EBIT is ISK799.0M making its interest coverage ratio 0.6. It has cash and short-term investments of ISK58.0M.
Key information
61.8%
Debt to equity ratio
ISK 6.22b
Debt
| Interest coverage ratio | 0.6x |
| Cash | ISK 58.00m |
| Equity | ISK 10.05b |
| Total liabilities | ISK 23.99b |
| Total assets | ISK 34.04b |
Recent financial health updates
We Think Sýn hf (ICE:SYN) Is Taking Some Risk With Its Debt
Jul 06
Here's Why Sýn hf (ICE:SYN) Is Weighed Down By Its Debt Load
Feb 09
Recent updates
Sýn hf. (ICE:SYN) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 09We Think Sýn hf (ICE:SYN) Is Taking Some Risk With Its Debt
Jul 06A Look At The Intrinsic Value Of Sýn hf. (ICE:SYN)
Sep 07Sýn hf's (ICE:SYN) Promising Earnings May Rest On Soft Foundations
Feb 23A Look At The Intrinsic Value Of Sýn hf. (ICE:SYN)
Jun 08Capital Allocation Trends At Sýn hf (ICE:SYN) Aren't Ideal
Mar 29Here's Why Sýn hf (ICE:SYN) Is Weighed Down By Its Debt Load
Feb 09Sýn hf (ICE:SYN) Share Prices Have Dropped 42% In The Last Three Years
Jan 05Financial Position Analysis
Short Term Liabilities: SYN's short term assets (ISK8.2B) exceed its short term liabilities (ISK7.7B).
Long Term Liabilities: SYN's short term assets (ISK8.2B) do not cover its long term liabilities (ISK16.3B).
Debt to Equity History and Analysis
Debt Level: SYN's net debt to equity ratio (61.2%) is considered high.
Reducing Debt: SYN's debt to equity ratio has reduced from 104.4% to 61.8% over the past 5 years.
Debt Coverage: SYN's debt is well covered by operating cash flow (72.3%).
Interest Coverage: SYN's interest payments on its debt are not well covered by EBIT (0.6x coverage).