Sumitomo Electric Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sumitomo Electric Industries has a total shareholder equity of ¥2,244.0B and total debt of ¥865.9B, which brings its debt-to-equity ratio to 38.6%. Its total assets and total liabilities are ¥4,221.1B and ¥1,977.1B respectively. Sumitomo Electric Industries's EBIT is ¥231.0B making its interest coverage ratio 12.4. It has cash and short-term investments of ¥308.4B.
Key information
38.6%
Debt to equity ratio
JP¥865.92b
Debt
Interest coverage ratio | 12.4x |
Cash | JP¥308.45b |
Equity | JP¥2.24t |
Total liabilities | JP¥1.98t |
Total assets | JP¥4.22t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMO's short term assets (¥2,236.6B) exceed its short term liabilities (¥1,385.9B).
Long Term Liabilities: SMO's short term assets (¥2,236.6B) exceed its long term liabilities (¥591.2B).
Debt to Equity History and Analysis
Debt Level: SMO's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: SMO's debt to equity ratio has increased from 35.6% to 38.6% over the past 5 years.
Debt Coverage: SMO's debt is well covered by operating cash flow (42%).
Interest Coverage: SMO's interest payments on its debt are well covered by EBIT (12.4x coverage).