Sumitomo Rubber Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Rubber Industries has a total shareholder equity of ¥716.4B and total debt of ¥229.6B, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are ¥1,355.7B and ¥639.3B respectively. Sumitomo Rubber Industries's EBIT is ¥89.6B making its interest coverage ratio -11.6. It has cash and short-term investments of ¥78.0B.
Key information
32.1%
Debt to equity ratio
JP¥229.63b
Debt
Interest coverage ratio | -11.6x |
Cash | JP¥77.97b |
Equity | JP¥716.39b |
Total liabilities | JP¥639.29b |
Total assets | JP¥1.36t |
Recent financial health updates
Recent updates
Sumitomo 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 (¥647.5B) exceed its short term liabilities (¥318.6B).
Long Term Liabilities: 5110's short term assets (¥647.5B) exceed its long term liabilities (¥320.7B).
Debt to Equity History and Analysis
Debt Level: 5110's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: 5110's debt to equity ratio has reduced from 60.7% to 32.1% over the past 5 years.
Debt Coverage: 5110's debt is well covered by operating cash flow (75.5%).
Interest Coverage: 5110 earns more interest than it pays, so coverage of interest payments is not a concern.