Sumitomo Heavy Industries Balance Sheet Health
Financial Health criteria checks 5/6
Sumitomo Heavy Industries has a total shareholder equity of ¥649.1B and total debt of ¥203.6B, which brings its debt-to-equity ratio to 31.4%. Its total assets and total liabilities are ¥1,254.1B and ¥604.9B respectively. Sumitomo Heavy Industries's EBIT is ¥76.6B making its interest coverage ratio 75.9. It has cash and short-term investments of ¥118.4B.
Key information
31.4%
Debt to equity ratio
JP¥203.61b
Debt
Interest coverage ratio | 75.9x |
Cash | JP¥118.40b |
Equity | JP¥649.14b |
Total liabilities | JP¥604.93b |
Total assets | JP¥1.25t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6302's short term assets (¥789.8B) exceed its short term liabilities (¥445.5B).
Long Term Liabilities: 6302's short term assets (¥789.8B) exceed its long term liabilities (¥159.4B).
Debt to Equity History and Analysis
Debt Level: 6302's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: 6302's debt to equity ratio has increased from 15.8% to 31.4% over the past 5 years.
Debt Coverage: 6302's debt is well covered by operating cash flow (27.3%).
Interest Coverage: 6302's interest payments on its debt are well covered by EBIT (75.9x coverage).