Sumitomo Rubber Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Rubber Industries has a total shareholder equity of ¥681.0B and total debt of ¥256.0B, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are ¥1,307.5B and ¥626.5B respectively. Sumitomo Rubber Industries's EBIT is ¥88.4B making its interest coverage ratio -78.3. It has cash and short-term investments of ¥85.4B.
Key information
37.6%
Debt to equity ratio
JP¥255.98b
Debt
Interest coverage ratio | -78.3x |
Cash | JP¥85.35b |
Equity | JP¥681.00b |
Total liabilities | JP¥626.50b |
Total assets | JP¥1.31t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 108's short term assets (¥637.3B) exceed its short term liabilities (¥327.5B).
Long Term Liabilities: 108's short term assets (¥637.3B) exceed its long term liabilities (¥299.0B).
Debt to Equity History and Analysis
Debt Level: 108's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: 108's debt to equity ratio has reduced from 61.8% to 37.6% over the past 5 years.
Debt Coverage: 108's debt is well covered by operating cash flow (69.1%).
Interest Coverage: 108 earns more interest than it pays, so coverage of interest payments is not a concern.