Synclayer Balance Sheet Health
Financial Health criteria checks 6/6
Synclayer has a total shareholder equity of ¥5.8B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 40.7%. Its total assets and total liabilities are ¥11.2B and ¥5.4B respectively. Synclayer's EBIT is ¥503.0M making its interest coverage ratio -71.9. It has cash and short-term investments of ¥1.4B.
Key information
40.7%
Debt to equity ratio
JP¥2.34b
Debt
| Interest coverage ratio | -71.9x |
| Cash | JP¥1.36b |
| Equity | JP¥5.75b |
| Total liabilities | JP¥5.44b |
| Total assets | JP¥11.19b |
Recent financial health updates
Recent updates
Is Synclayer (TSE:1724) A Risky Investment?
Aug 05
We Like These Underlying Return On Capital Trends At Synclayer (TYO:1724)
Apr 14Is It Worth Buying Synclayer Inc. (TYO:1724) For Its 1.3% Dividend Yield?
Mar 15Does Synclayer's (TYO:1724) Statutory Profit Adequately Reflect Its Underlying Profit?
Feb 22Is Synclayer (TYO:1724) Using Too Much Debt?
Feb 04
Will Synclayer's (TYO:1724) Growth In ROCE Persist?
Jan 14Be Sure To Check Out Synclayer Inc. (TYO:1724) Before It Goes Ex-Dividend
Dec 24Is Synclayer Inc. (TYO:1724) A Smart Pick For Income Investors?
Dec 03Financial Position Analysis
Short Term Liabilities: 1724's short term assets (¥7.5B) exceed its short term liabilities (¥4.5B).
Long Term Liabilities: 1724's short term assets (¥7.5B) exceed its long term liabilities (¥935.0M).
Debt to Equity History and Analysis
Debt Level: 1724's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: 1724's debt to equity ratio has reduced from 124.6% to 40.7% over the past 5 years.
Debt Coverage: 1724's debt is well covered by operating cash flow (92.5%).
Interest Coverage: 1724 earns more interest than it pays, so coverage of interest payments is not a concern.