Suminoe Textile Balance Sheet Health
Financial Health criteria checks 6/6
Suminoe Textile has a total shareholder equity of ¥37.1B and total debt of ¥20.8B, which brings its debt-to-equity ratio to 56%. Its total assets and total liabilities are ¥93.0B and ¥55.8B respectively. Suminoe Textile's EBIT is ¥3.4B making its interest coverage ratio 17.3. It has cash and short-term investments of ¥7.9B.
Key information
56.0%
Debt to equity ratio
JP¥20.80b
Debt
Interest coverage ratio | 17.3x |
Cash | JP¥7.85b |
Equity | JP¥37.14b |
Total liabilities | JP¥55.84b |
Total assets | JP¥92.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3501's short term assets (¥51.4B) exceed its short term liabilities (¥36.0B).
Long Term Liabilities: 3501's short term assets (¥51.4B) exceed its long term liabilities (¥19.9B).
Debt to Equity History and Analysis
Debt Level: 3501's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 3501's debt to equity ratio has reduced from 62.1% to 56% over the past 5 years.
Debt Coverage: 3501's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 3501's interest payments on its debt are well covered by EBIT (17.3x coverage).