Sumitomo Electric Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Electric Industries has a total shareholder equity of ¥2,546.1B and total debt of ¥840.2B, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are ¥4,630.0B and ¥2,083.9B respectively. Sumitomo Electric Industries's EBIT is ¥261.0B making its interest coverage ratio 13. It has cash and short-term investments of ¥308.8B.
Key information
33.0%
Debt to equity ratio
JP¥840.25b
Debt
Interest coverage ratio | 13x |
Cash | JP¥308.81b |
Equity | JP¥2.55t |
Total liabilities | JP¥2.08t |
Total assets | JP¥4.63t |
Recent financial health updates
Recent updates
Sumitomo Electric Industries, Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Aug 03Sumitomo Electric Industries (TSE:5802) Is Due To Pay A Dividend Of ¥36.00
Jul 25Are Investors Undervaluing Sumitomo Electric Industries, Ltd. (TSE:5802) By 27%?
Jul 11Sumitomo Electric Industries' (TSE:5802) Dividend Will Be ¥36.00
Jul 11Sumitomo 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 (¥2,346.9B) exceed its short term liabilities (¥1,429.4B).
Long Term Liabilities: 5802's short term assets (¥2,346.9B) exceed its long term liabilities (¥654.5B).
Debt to Equity History and Analysis
Debt Level: 5802's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: 5802's debt to equity ratio has reduced from 34.3% to 33% over the past 5 years.
Debt Coverage: 5802's debt is well covered by operating cash flow (46.8%).
Interest Coverage: 5802's interest payments on its debt are well covered by EBIT (13x coverage).