Sylogist Balance Sheet Health
Financial Health criteria checks 3/6
Sylogist has a total shareholder equity of CA$35.2M and total debt of CA$19.0M, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are CA$99.0M and CA$63.8M respectively. Sylogist's EBIT is CA$4.1M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$13.3M.
Key information
54.1%
Debt to equity ratio
CA$19.03m
Debt
| Interest coverage ratio | 2.5x |
| Cash | CA$13.33m |
| Equity | CA$35.17m |
| Total liabilities | CA$63.84m |
| Total assets | CA$99.01m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SYZL.F's short term assets (CA$29.8M) do not cover its short term liabilities (CA$54.8M).
Long Term Liabilities: SYZL.F's short term assets (CA$29.8M) exceed its long term liabilities (CA$9.0M).
Debt to Equity History and Analysis
Debt Level: SYZL.F's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: SYZL.F's debt to equity ratio has increased from 0% to 54.1% over the past 5 years.
Debt Coverage: SYZL.F's debt is well covered by operating cash flow (58.6%).
Interest Coverage: SYZL.F's interest payments on its debt are not well covered by EBIT (2.5x coverage).