Sumitomo Electric Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sumitomo Electric Industries has a total shareholder equity of ¥2,431.9B and total debt of ¥735.0B, which brings its debt-to-equity ratio to 30.2%. Its total assets and total liabilities are ¥4,365.4B and ¥1,933.5B respectively. Sumitomo Electric Industries's EBIT is ¥226.6B making its interest coverage ratio 11.3. It has cash and short-term investments of ¥269.7B.
Key information
30.2%
Debt to equity ratio
JP¥735.04b
Debt
Interest coverage ratio | 11.3x |
Cash | JP¥269.74b |
Equity | JP¥2.43t |
Total liabilities | JP¥1.93t |
Total assets | JP¥4.37t |
Recent financial health updates
Recent updates
Sumitomo Electric Industries (TSE:5802) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 21Sumitomo Electric Industries, Ltd.'s (TSE:5802) Popularity With Investors Is Under Threat From Overpricing
Apr 24We Think Sumitomo Electric Industries (TSE:5802) Can Stay On Top Of Its Debt
Apr 08Calculating The Intrinsic Value Of Sumitomo Electric Industries, Ltd. (TSE:5802)
Mar 13Sumitomo Electric Industries' (TSE:5802) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 27Financial Position Analysis
Short Term Liabilities: 5802's short term assets (¥2,242.2B) exceed its short term liabilities (¥1,307.4B).
Long Term Liabilities: 5802's short term assets (¥2,242.2B) exceed its long term liabilities (¥626.1B).
Debt to Equity History and Analysis
Debt Level: 5802's net debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: 5802's debt to equity ratio has increased from 30.2% to 30.2% over the past 5 years.
Debt Coverage: 5802's debt is well covered by operating cash flow (53.5%).
Interest Coverage: 5802's interest payments on its debt are well covered by EBIT (11.3x coverage).