Sumitomo DensetsuLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo DensetsuLtd has a total shareholder equity of ¥109.2B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ¥169.2B and ¥59.9B respectively. Sumitomo DensetsuLtd's EBIT is ¥13.8B making its interest coverage ratio -22.2. It has cash and short-term investments of ¥58.5B.
Key information
2.0%
Debt to equity ratio
JP¥2.14b
Debt
| Interest coverage ratio | -22.2x |
| Cash | JP¥58.55b |
| Equity | JP¥109.23b |
| Total liabilities | JP¥59.95b |
| Total assets | JP¥169.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1949's short term assets (¥124.8B) exceed its short term liabilities (¥51.8B).
Long Term Liabilities: 1949's short term assets (¥124.8B) exceed its long term liabilities (¥8.1B).
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 3.8% to 2% over the past 5 years.
Debt Coverage: 1949's debt is well covered by operating cash flow (397.7%).
Interest Coverage: 1949 earns more interest than it pays, so coverage of interest payments is not a concern.