Synergia Energy Balance Sheet Health
Financial Health criteria checks 3/6
Synergia Energy has a total shareholder equity of A$10.3M and total debt of A$1.8M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are A$19.0M and A$8.6M respectively.
Key information
17.7%
Debt to equity ratio
AU$1.83m
Debt
Interest coverage ratio | n/a |
Cash | AU$938.59k |
Equity | AU$10.34m |
Total liabilities | AU$8.64m |
Total assets | AU$18.98m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OIEX.F's short term assets (A$1.4M) do not cover its short term liabilities (A$2.5M).
Long Term Liabilities: OIEX.F's short term assets (A$1.4M) do not cover its long term liabilities (A$6.2M).
Debt to Equity History and Analysis
Debt Level: OIEX.F's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: OIEX.F's debt to equity ratio has increased from 0% to 17.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: OIEX.F has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OIEX.F is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.