Sumitomo Heavy Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sumitomo Heavy Industries has a total shareholder equity of ¥627.5B and total debt of ¥162.2B, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are ¥1,200.9B and ¥573.4B respectively. Sumitomo Heavy Industries's EBIT is ¥74.4B making its interest coverage ratio 114.8. It has cash and short-term investments of ¥104.5B.
Key information
25.9%
Debt to equity ratio
JP¥162.23b
Debt
Interest coverage ratio | 114.8x |
Cash | JP¥104.46b |
Equity | JP¥627.46b |
Total liabilities | JP¥573.39b |
Total assets | JP¥1.20t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSM1's short term assets (¥748.3B) exceed its short term liabilities (¥416.3B).
Long Term Liabilities: SSM1's short term assets (¥748.3B) exceed its long term liabilities (¥157.1B).
Debt to Equity History and Analysis
Debt Level: SSM1's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: SSM1's debt to equity ratio has increased from 16.1% to 25.9% over the past 5 years.
Debt Coverage: SSM1's debt is well covered by operating cash flow (40.3%).
Interest Coverage: SSM1's interest payments on its debt are well covered by EBIT (114.8x coverage).