Sumitomo Rubber Industries, Ltd.

DB:108 Stock Report

Market Cap: €2.9b

Sumitomo Rubber Industries Balance Sheet Health

Financial Health criteria checks 6/6

Sumitomo Rubber Industries has a total shareholder equity of ¥637.2B and total debt of ¥251.0B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are ¥1,271.4B and ¥634.2B respectively. Sumitomo Rubber Industries's EBIT is ¥84.6B making its interest coverage ratio 7.9. It has cash and short-term investments of ¥72.3B.

Key information

39.4%

Debt to equity ratio

JP¥251.04b

Debt

Interest coverage ratio7.9x
CashJP¥72.29b
EquityJP¥637.18b
Total liabilitiesJP¥634.18b
Total assetsJP¥1.27t

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 108's short term assets (¥638.5B) exceed its short term liabilities (¥334.0B).

Long Term Liabilities: 108's short term assets (¥638.5B) exceed its long term liabilities (¥300.2B).


Debt to Equity History and Analysis

Debt Level: 108's net debt to equity ratio (28.1%) is considered satisfactory.

Reducing Debt: 108's debt to equity ratio has reduced from 68% to 39.4% over the past 5 years.

Debt Coverage: 108's debt is well covered by operating cash flow (50.5%).

Interest Coverage: 108's interest payments on its debt are well covered by EBIT (7.9x coverage).


Balance Sheet


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