Sumitomo Bakelite Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Bakelite has a total shareholder equity of ¥307.2B and total debt of ¥31.6B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ¥428.9B and ¥121.7B respectively. Sumitomo Bakelite's EBIT is ¥30.5B making its interest coverage ratio -9.7. It has cash and short-term investments of ¥113.4B.
Key information
10.3%
Debt to equity ratio
JP¥31.57b
Debt
| Interest coverage ratio | -9.7x |
| Cash | JP¥113.35b |
| Equity | JP¥307.20b |
| Total liabilities | JP¥121.67b |
| Total assets | JP¥428.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SZ8's short term assets (¥239.3B) exceed its short term liabilities (¥79.3B).
Long Term Liabilities: SZ8's short term assets (¥239.3B) exceed its long term liabilities (¥42.4B).
Debt to Equity History and Analysis
Debt Level: SZ8 has more cash than its total debt.
Reducing Debt: SZ8's debt to equity ratio has reduced from 24.8% to 10.3% over the past 5 years.
Debt Coverage: SZ8's debt is well covered by operating cash flow (145.8%).
Interest Coverage: SZ8 earns more interest than it pays, so coverage of interest payments is not a concern.