Sumitomo Chemical India Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Chemical India has a total shareholder equity of ₹25.3B and total debt of ₹290.7M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ₹35.3B and ₹10.0B respectively. Sumitomo Chemical India's EBIT is ₹3.6B making its interest coverage ratio -16.7. It has cash and short-term investments of ₹14.1B.
Key information
1.2%
Debt to equity ratio
₹290.65m
Debt
Interest coverage ratio | -16.7x |
Cash | ₹14.07b |
Equity | ₹25.26b |
Total liabilities | ₹10.02b |
Total assets | ₹35.28b |
Recent financial health updates
Sumitomo Chemical India (NSE:SUMICHEM) Seems To Use Debt Quite Sensibly
Sep 23Sumitomo Chemical India (NSE:SUMICHEM) Seems To Use Debt Rather Sparingly
Feb 16We Think Sumitomo Chemical India (NSE:SUMICHEM) Can Manage Its Debt With Ease
Aug 30These 4 Measures Indicate That Sumitomo Chemical India (NSE:SUMICHEM) Is Using Debt Safely
Sep 02Recent updates
There Are Reasons To Feel Uneasy About Sumitomo Chemical India's (NSE:SUMICHEM) Returns On Capital
Mar 24Sumitomo Chemical India Limited Recorded A 10% Miss On Revenue: Analysts Are Revisiting Their Models
Feb 06Unpleasant Surprises Could Be In Store For Sumitomo Chemical India Limited's (NSE:SUMICHEM) Shares
Jan 27There Are Reasons To Feel Uneasy About Sumitomo Chemical India's (NSE:SUMICHEM) Returns On Capital
Dec 01Sumitomo Chemical India Limited (NSE:SUMICHEM) Analysts Just Cut Their EPS Forecasts Substantially
Nov 02Sumitomo Chemical India (NSE:SUMICHEM) Seems To Use Debt Quite Sensibly
Sep 23Sumitomo Chemical India (NSE:SUMICHEM) Is Aiming To Keep Up Its Impressive Returns
Aug 10Sumitomo Chemical India (NSE:SUMICHEM) Will Pay A Larger Dividend Than Last Year At ₹1.20
Jul 21Sumitomo Chemical India's (NSE:SUMICHEM) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 07Here's What Sumitomo Chemical India's (NSE:SUMICHEM) Strong Returns On Capital Mean
Apr 14Sumitomo Chemical India (NSE:SUMICHEM) Seems To Use Debt Rather Sparingly
Feb 16Why We Like The Returns At Sumitomo Chemical India (NSE:SUMICHEM)
Jan 02What Does Sumitomo Chemical India Limited's (NSE:SUMICHEM) Share Price Indicate?
Oct 08Shareholders Would Enjoy A Repeat Of Sumitomo Chemical India's (NSE:SUMICHEM) Recent Growth In Returns
Sep 17We Think Sumitomo Chemical India (NSE:SUMICHEM) Can Manage Its Debt With Ease
Aug 30Sumitomo Chemical India's (NSE:SUMICHEM) Dividend Will Be Increased To ₹1.00
Jul 17Sumitomo Chemical India's (NSE:SUMICHEM) Dividend Will Be Increased To ₹1.00
Jul 03Sumitomo Chemical India (NSE:SUMICHEM) Knows How To Allocate Capital Effectively
Jun 05Is Sumitomo Chemical India Limited (NSE:SUMICHEM) Potentially Undervalued?
May 18Here's What Sumitomo Chemical India's (NSE:SUMICHEM) Strong Returns On Capital Mean
Jan 12We Like Sumitomo Chemical India's (NSE:SUMICHEM) Returns And Here's How They're Trending
Sep 23These 4 Measures Indicate That Sumitomo Chemical India (NSE:SUMICHEM) Is Using Debt Safely
Sep 02We Think Sumitomo Chemical India (NSE:SUMICHEM) Might Have The DNA Of A Multi-Bagger
Jun 03Sumitomo Chemical India Limited's (NSE:SUMICHEM) Business Is Yet to Catch Up With Its Share Price
Mar 02Analysts Have Made A Financial Statement On Sumitomo Chemical India Limited's (NSE:SUMICHEM) Third-Quarter Report
Feb 09Is Sumitomo Chemical India (NSE:SUMICHEM) A Compounding Machine?
Jan 25What Type Of Shareholders Make Up Sumitomo Chemical India Limited's (NSE:SUMICHEM) Share Registry?
Dec 22Here's Why We Think Sumitomo Chemical India's (NSE:SUMICHEM) Statutory Earnings Might Be Conservative
Nov 16Can Sumitomo Chemical India Limited (NSE:SUMICHEM) Maintain Its Strong Returns?
Oct 12What Type Of Shareholders Own The Most Number of Sumitomo Chemical India Limited (NSE:SUMICHEM) Shares?
Aug 20Financial Position Analysis
Short Term Liabilities: SUMICHEM's short term assets (₹29.4B) exceed its short term liabilities (₹9.5B).
Long Term Liabilities: SUMICHEM's short term assets (₹29.4B) exceed its long term liabilities (₹567.2M).
Debt to Equity History and Analysis
Debt Level: SUMICHEM has more cash than its total debt.
Reducing Debt: SUMICHEM's debt to equity ratio has reduced from 1.7% to 1.2% over the past 5 years.
Debt Coverage: SUMICHEM's debt is well covered by operating cash flow (2495.9%).
Interest Coverage: SUMICHEM earns more interest than it pays, so coverage of interest payments is not a concern.