Sumitomo DensetsuLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo DensetsuLtd has a total shareholder equity of ¥111.8B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ¥175.0B and ¥63.2B respectively. Sumitomo DensetsuLtd's EBIT is ¥15.6B making its interest coverage ratio -24.9. It has cash and short-term investments of ¥58.7B.
Key information
2.1%
Debt to equity ratio
JP¥2.34b
Debt
| Interest coverage ratio | -24.9x |
| Cash | JP¥58.73b |
| Equity | JP¥111.84b |
| Total liabilities | JP¥63.17b |
| Total assets | JP¥175.01b |
Recent financial health updates
No updates
Recent updates
Sumitomo Densetsu Co.,Ltd. (TSE:1949) Stock Rockets 27% As Investors Are Less Pessimistic Than Expected
Sep 27
Why Investors Shouldn't Be Surprised By Sumitomo Densetsu Co.,Ltd.'s (TSE:1949) Low P/E
Jun 08Sumitomo DensetsuLtd's (TSE:1949) Solid Earnings May Rest On Weak Foundations
May 21Returns On Capital At Sumitomo DensetsuLtd (TSE:1949) Paint A Concerning Picture
May 09Financial Position Analysis
Short Term Liabilities: 1949's short term assets (¥130.1B) exceed its short term liabilities (¥55.3B).
Long Term Liabilities: 1949's short term assets (¥130.1B) exceed its long term liabilities (¥7.9B).
Debt to Equity History and Analysis
Debt Level: 1949 has more cash than its total debt.
Reducing Debt: 1949's debt to equity ratio has reduced from 4% to 2.1% over the past 5 years.
Debt Coverage: 1949's debt is well covered by operating cash flow (441.5%).
Interest Coverage: 1949 earns more interest than it pays, so coverage of interest payments is not a concern.