Detailed financial statements for Sinda Ltd. (SIND): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.
Sinda Ltd. operates as an exploration stage company, engages in designing, operating and developing mining exploration projects in Mexico. Its projects include Guanajuato epithermal silver belt. The company was founded on November 8, 2012 and is headquartered in Mexico.
Analysis Summary
Balance sheet quality for SIND: current ratio of 4.1, net cash position of $10.1M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2025 |
|---|
| Revenue | 0 |
| Cost of Revenue | 0 |
| Gross Profit | 0 |
| Research & Development | 0 |
| Selling, General & Admin | $10.9M |
| Operating Expenses | $17.5M |
| Operating Income | -$17.5M |
| EBITDA | -$16.9M |
| Interest Expense | $1.4M |
| Pre-tax Income | -$18.7M |
| Income Tax | 0 |
| Net Income | -$18.7M |
| EPS | $-0.13 |
| EPS (Diluted) | $-0.13 |
| Shares Outstanding (Diluted) | $148.9M |
Income Statement (Quarterly)
| Year | 2026-Q1 | 2026-Q2 |
|---|
| Revenue | 0 | 0 |
| Gross Profit | 0 | -$83,550 |
| Operating Income | -$11.7M | -$16.7M |
| EBITDA | -$11.5M | -$16.6M |
| Net Income | -$11.6M | -$16.6M |
| EPS | $-0.08 | $-0.13 |
| EPS (Diluted) | $-0.08 | $-0.13 |
Balance Sheet (10y)
| Year | 2025 |
|---|
| Cash & Equivalents | $10.8M |
| Short-term Investments | 0 |
| Receivables | 0 |
| Inventory | 0 |
| Total Current Assets | $11.0M |
| Property, Plant & Equipment | $10.3M |
| Goodwill | 0 |
| Intangible Assets | 0 |
| Total Assets | $23.7M |
| Accounts Payable | $2.2M |
| Short-term Debt | 0 |
| Total Current Liabilities | $2.7M |
| Long-term Debt | 0 |
| Total Liabilities | $3.4M |
| Retained Earnings | -$121.3M |
| Total Equity | $20.3M |
| Total Debt | $743,957 |
| Net Debt | -$10.1M |
| Working Capital | $8.4M |
Balance Sheet (Quarterly)
| Year | 2026-Q1 | 2026-Q2 |
|---|
| Cash & Equivalents | $18.1M | $204.3M |
| Total Assets | $33.6M | $220.5M |
| Total Liabilities | $7.4M | $13.7M |
| Total Equity | $26.2M | $206.9M |
| Total Debt | $791,394 | $1.0M |
Cash Flow (10y)
| Year | 2025 |
|---|
| Net Income | -$18.7M |
| Depreciation & Amortization | $335,928 |
| Stock-based Compensation | $3.2M |
| Change in Working Capital | $363,786 |
| Operating Cash Flow | -$13.3M |
| Capital Expenditure | -$145,478 |
| Acquisitions | 0 |
| Stock Repurchased | 0 |
| Dividends Paid | 0 |
| Free Cash Flow | -$13.4M |
Cash Flow (Quarterly)
| Year | 2026-Q1 | 2026-Q2 |
|---|
| Operating Cash Flow | -$7.6M | -$11.8M |
| Capital Expenditure | -$1,638 | -$89,762 |
| Free Cash Flow | -$7.6M | -$11.9M |
| Dividends Paid | 0 | 0 |
| Stock-based Compensation | $2.6M | $4.4M |
Growth & Margins (10y)
| Year | 2025 |
|---|
| Effective Tax Rate | -0.0% |
Per-Share Data (10y)
| Year | 2025 |
|---|
| FCF Per Share | $-0.09 |
| Dividends Per Share | $0.00 |
| Shares Outstanding (Basic) | $148.9M |
What to look at in Basic Materials
Miners, chemicals, steel. 100% commodity-driven. Analysing them with pure P/E is a mistake — look at cost position and dividend sustainability.
- FCF yield — In commodities FCF is gold — EPS is very misleading
- Gross margin — 5y consistent gross margin = moat signal
- Net debt / EBITDA (trough) — Use EBITDA from the worst year of the cycle, not the current one
- Dividend coverage — Dividend covered by FCF in an average year, not at peak
- Capex / D&A — >1x = maintain/grow reserves. <0.7x = decapitalising
- Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
- P/B across cycles — Commodities: 0.8-1.2x at troughs, 2x+ at peaks. <2x still reasonable zone
Key Ratios (10y)
| Year | 2025 |
|---|
| P/E | -92.31 |
| P/B | 87.98 |
| P/S | 0.00 |
| Gross Margin | 0.0% |
| Operating Margin | 0.0% |
| Net Margin | 0.0% |