SMC Balance Sheet Health
Financial Health criteria checks 6/6
SMC has a total shareholder equity of ¥1,878.7B and total debt of ¥11.9B, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are ¥2,061.7B and ¥183.0B respectively. SMC's EBIT is ¥190.6B making its interest coverage ratio -9.4. It has cash and short-term investments of ¥549.4B.
Key information
0.6%
Debt to equity ratio
JP¥11.94b
Debt
| Interest coverage ratio | -9.4x |
| Cash | JP¥549.35b |
| Equity | JP¥1.88t |
| Total liabilities | JP¥182.98b |
| Total assets | JP¥2.06t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: QMC's short term assets (¥1,351.3B) exceed its short term liabilities (¥144.2B).
Long Term Liabilities: QMC's short term assets (¥1,351.3B) exceed its long term liabilities (¥38.8B).
Debt to Equity History and Analysis
Debt Level: QMC has more cash than its total debt.
Reducing Debt: QMC's debt to equity ratio has reduced from 0.8% to 0.6% over the past 5 years.
Debt Coverage: QMC's debt is well covered by operating cash flow (1135.8%).
Interest Coverage: QMC earns more interest than it pays, so coverage of interest payments is not a concern.