Sumitomo Balance Sheet Health
Financial Health criteria checks 4/6
Sumitomo has a total shareholder equity of ¥4,672.3B and total debt of ¥3,201.7B, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are ¥11,032.6B and ¥6,360.3B respectively. Sumitomo's EBIT is ¥414.9B making its interest coverage ratio 157.2. It has cash and short-term investments of ¥691.2B.
Key information
68.5%
Debt to equity ratio
JP¥3.20t
Debt
Interest coverage ratio | 157.2x |
Cash | JP¥691.20b |
Equity | JP¥4.67t |
Total liabilities | JP¥6.36t |
Total assets | JP¥11.03t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SUMB's short term assets (¥5,235.7B) exceed its short term liabilities (¥3,140.6B).
Long Term Liabilities: SUMB's short term assets (¥5,235.7B) exceed its long term liabilities (¥3,219.7B).
Debt to Equity History and Analysis
Debt Level: SUMB's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: SUMB's debt to equity ratio has reduced from 106.6% to 68.5% over the past 5 years.
Debt Coverage: SUMB's debt is not well covered by operating cash flow (19%).
Interest Coverage: SUMB's interest payments on its debt are well covered by EBIT (157.2x coverage).