Sumitomo Balance Sheet Health
Financial Health criteria checks 4/6
Sumitomo has a total shareholder equity of ¥4,607.1B and total debt of ¥3,182.0B, which brings its debt-to-equity ratio to 69.1%. Its total assets and total liabilities are ¥10,796.0B and ¥6,188.9B respectively. Sumitomo's EBIT is ¥406.5B making its interest coverage ratio 187.7. It has cash and short-term investments of ¥692.5B.
Key information
69.1%
Debt to equity ratio
JP¥3.18t
Debt
| Interest coverage ratio | 187.7x |
| Cash | JP¥692.54b |
| Equity | JP¥4.61t |
| Total liabilities | JP¥6.19t |
| Total assets | JP¥10.80t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUMB's short term assets (¥5,092.7B) exceed its short term liabilities (¥2,883.8B).
Long Term Liabilities: SUMB's short term assets (¥5,092.7B) exceed its long term liabilities (¥3,305.1B).
Debt to Equity History and Analysis
Debt Level: SUMB's net debt to equity ratio (54%) is considered high.
Reducing Debt: SUMB's debt to equity ratio has reduced from 112.2% to 69.1% over the past 5 years.
Debt Coverage: SUMB's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: SUMB's interest payments on its debt are well covered by EBIT (187.7x coverage).