Sumitomo Rubber Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Rubber Industries has a total shareholder equity of ¥716.4B and total debt of ¥229.6B, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are ¥1,355.7B and ¥639.3B respectively. Sumitomo Rubber Industries's EBIT is ¥100.6B making its interest coverage ratio -15.2. It has cash and short-term investments of ¥75.9B.
Key information
32.1%
Debt to equity ratio
JP¥229.63b
Debt
| Interest coverage ratio | -15.2x |
| Cash | JP¥75.86b |
| Equity | JP¥716.39b |
| Total liabilities | JP¥639.29b |
| Total assets | JP¥1.36t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 108's short term assets (¥647.5B) exceed its short term liabilities (¥318.6B).
Long Term Liabilities: 108's short term assets (¥647.5B) exceed its long term liabilities (¥320.7B).
Debt to Equity History and Analysis
Debt Level: 108's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: 108's debt to equity ratio has reduced from 60.7% to 32.1% over the past 5 years.
Debt Coverage: 108's debt is well covered by operating cash flow (75.5%).
Interest Coverage: 108 earns more interest than it pays, so coverage of interest payments is not a concern.