Sumitomo Realty & Development Balance Sheet Health
Financial Health criteria checks 3/6
Sumitomo Realty & Development has a total shareholder equity of ¥2,145.5B and total debt of ¥3,869.6B, which brings its debt-to-equity ratio to 180.4%. Its total assets and total liabilities are ¥6,641.2B and ¥4,495.7B respectively. Sumitomo Realty & Development's EBIT is ¥260.8B making its interest coverage ratio -103.9. It has cash and short-term investments of ¥74.1B.
Key information
180.4%
Debt to equity ratio
JP¥3.87t
Debt
| Interest coverage ratio | -103.9x |
| Cash | JP¥74.12b |
| Equity | JP¥2.15t |
| Total liabilities | JP¥4.50t |
| Total assets | JP¥6.64t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RL2's short term assets (¥982.0B) exceed its short term liabilities (¥805.2B).
Long Term Liabilities: RL2's short term assets (¥982.0B) do not cover its long term liabilities (¥3,690.4B).
Debt to Equity History and Analysis
Debt Level: RL2's net debt to equity ratio (176.9%) is considered high.
Reducing Debt: RL2's debt to equity ratio has reduced from 257.9% to 180.4% over the past 5 years.
Debt Coverage: RL2's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: RL2 earns more interest than it pays, so coverage of interest payments is not a concern.