Sumitomo Rubber Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Rubber Industries has a total shareholder equity of ¥641.4B and total debt of ¥245.4B, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are ¥1,266.7B and ¥625.3B respectively. Sumitomo Rubber Industries's EBIT is ¥75.5B making its interest coverage ratio 26.2. It has cash and short-term investments of ¥93.1B.
Key information
38.3%
Debt to equity ratio
JP¥245.38b
Debt
Interest coverage ratio | 26.2x |
Cash | JP¥93.15b |
Equity | JP¥641.43b |
Total liabilities | JP¥625.30b |
Total assets | JP¥1.27t |
Recent financial health updates
No updates
Recent updates
Sumitomo Rubber Industries, Ltd. (TSE:5110) Shares Could Be 33% Below Their Intrinsic Value Estimate
Apr 29Sumitomo Rubber Industries (TSE:5110) Is Due To Pay A Dividend Of ¥29.00
Apr 11Sumitomo Rubber Industries' (TSE:5110) Solid Earnings Are Supported By Other Strong Factors
Apr 07Sumitomo Rubber Industries, Ltd. (TSE:5110) Doing What It Can To Lift Shares
Feb 29Financial Position Analysis
Short Term Liabilities: 5110's short term assets (¥624.7B) exceed its short term liabilities (¥329.6B).
Long Term Liabilities: 5110's short term assets (¥624.7B) exceed its long term liabilities (¥295.8B).
Debt to Equity History and Analysis
Debt Level: 5110's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: 5110's debt to equity ratio has reduced from 59.1% to 38.3% over the past 5 years.
Debt Coverage: 5110's debt is well covered by operating cash flow (69.2%).
Interest Coverage: 5110's interest payments on its debt are well covered by EBIT (26.2x coverage).