Sýn hf Balance Sheet Health
Financial Health criteria checks 3/6
Sýn hf has a total shareholder equity of ISK9.9B and total debt of ISK7.3B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are ISK34.0B and ISK24.2B respectively. Sýn hf's EBIT is ISK274.0M making its interest coverage ratio 0.2. It has cash and short-term investments of ISK136.0M.
Key information
73.6%
Debt to equity ratio
ISK 7.26b
Debt
| Interest coverage ratio | 0.2x |
| Cash | ISK 136.00m |
| Equity | ISK 9.86b |
| Total liabilities | ISK 24.17b |
| 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
Additional Considerations Required While Assessing Sýn hf's (ICE:SYN) Strong Earnings
Sep 05Sýn 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 (ISK8.4B) exceed its short term liabilities (ISK8.3B).
Long Term Liabilities: SYN's short term assets (ISK8.4B) do not cover its long term liabilities (ISK15.9B).
Debt to Equity History and Analysis
Debt Level: SYN's net debt to equity ratio (72.2%) is considered high.
Reducing Debt: SYN's debt to equity ratio has reduced from 106.2% to 73.6% over the past 5 years.
Debt Coverage: SYN's debt is well covered by operating cash flow (52.2%).
Interest Coverage: SYN's interest payments on its debt are not well covered by EBIT (0.2x coverage).