Sumitomo Rubber Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Rubber Industries has a total shareholder equity of ¥637.2B and total debt of ¥251.0B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are ¥1,271.4B and ¥634.2B respectively. Sumitomo Rubber Industries's EBIT is ¥84.6B making its interest coverage ratio 7.9. It has cash and short-term investments of ¥72.3B.
Key information
39.4%
Debt to equity ratio
JP¥251.04b
Debt
| Interest coverage ratio | 7.9x |
| Cash | JP¥72.29b |
| Equity | JP¥637.18b |
| Total liabilities | JP¥634.18b |
| Total assets | JP¥1.27t |
Recent financial health updates
Recent updates
We Think You Can Look Beyond Sumitomo Rubber Industries' (TSE:5110) Lackluster Earnings
Nov 14
Investors Will Want Sumitomo Rubber Industries' (TSE:5110) Growth In ROCE To Persist
Oct 29Sumitomo Rubber Industries, Ltd.'s (TSE:5110) Intrinsic Value Is Potentially 89% Above Its Share Price
Sep 20What You Can Learn From Sumitomo Rubber Industries, Ltd.'s (TSE:5110) P/S
Sep 03Sumitomo Rubber Industries (TSE:5110) Has Announced A Dividend Of ¥29.00
Aug 12Here's Why Sumitomo Rubber Industries (TSE:5110) Can Manage Its Debt Responsibly
Jul 31Sumitomo Rubber Industries (TSE:5110) Will Pay A Dividend Of ¥29.00
Jun 13Sumitomo Rubber Industries' (TSE:5110) Dividend Will Be ¥29.00
May 30The Return Trends At Sumitomo Rubber Industries (TSE:5110) Look Promising
May 22Sumitomo 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 (¥638.5B) exceed its short term liabilities (¥334.0B).
Long Term Liabilities: 5110's short term assets (¥638.5B) exceed its long term liabilities (¥300.2B).
Debt to Equity History and Analysis
Debt Level: 5110's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: 5110's debt to equity ratio has reduced from 68% to 39.4% over the past 5 years.
Debt Coverage: 5110's debt is well covered by operating cash flow (50.5%).
Interest Coverage: 5110's interest payments on its debt are well covered by EBIT (7.9x coverage).