Sygnus Credit Investments Balance Sheet Health
Financial Health criteria checks 1/6
Sygnus Credit Investments has a total shareholder equity of $70.5M and total debt of $133.8M, which brings its debt-to-equity ratio to 189.8%. Its total assets and total liabilities are $206.6M and $136.1M respectively. Sygnus Credit Investments's EBIT is $11.8M making its interest coverage ratio 1.6. It has cash and short-term investments of $43.5M.
Key information
189.8%
Debt to equity ratio
US$133.76m
Debt
Interest coverage ratio | 1.6x |
Cash | US$43.45m |
Equity | US$70.48m |
Total liabilities | US$136.15m |
Total assets | US$206.63m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SCIJMD's short term assets ($50.3M) exceed its short term liabilities ($5.6M).
Long Term Liabilities: SCIJMD's short term assets ($50.3M) do not cover its long term liabilities ($130.6M).
Debt to Equity History and Analysis
Debt Level: SCIJMD's net debt to equity ratio (128.1%) is considered high.
Reducing Debt: SCIJMD's debt to equity ratio has increased from 0% to 189.8% over the past 5 years.
Debt Coverage: SCIJMD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SCIJMD's interest payments on its debt are not well covered by EBIT (1.6x coverage).