Sumitomo Balance Sheet Health
Financial Health criteria checks 4/6
Sumitomo has a total shareholder equity of ¥4,607.1B and total debt of ¥3,182.0B, which brings its debt-to-equity ratio to 69.1%. Its total assets and total liabilities are ¥10,796.0B and ¥6,188.9B respectively. Sumitomo's EBIT is ¥406.5B making its interest coverage ratio 187.7. It has cash and short-term investments of ¥692.5B.
Key information
69.1%
Debt to equity ratio
JP¥3.18t
Debt
| Interest coverage ratio | 187.7x |
| Cash | JP¥692.54b |
| Equity | JP¥4.61t |
| Total liabilities | JP¥6.19t |
| Total assets | JP¥10.80t |
Recent financial health updates
Does Sumitomo (TSE:8053) Have A Healthy Balance Sheet?
Oct 25
Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden
Apr 08Recent updates
Sumitomo's (TSE:8053) Dividend Will Be ¥65.00
Dec 19Sumitomo (TSE:8053) Is Due To Pay A Dividend Of ¥65.00
Dec 04Sumitomo (TSE:8053) Has Some Way To Go To Become A Multi-Bagger
Nov 18Earnings Miss: Sumitomo Corporation Missed EPS By 7.8% And Analysts Are Revising Their Forecasts
Nov 03Does Sumitomo (TSE:8053) Have A Healthy Balance Sheet?
Oct 25Cautious Investors Not Rewarding Sumitomo Corporation's (TSE:8053) Performance Completely
Sep 21Sumitomo (TSE:8053) Has Announced That It Will Be Increasing Its Dividend To ¥65.00
Sep 04Calculating The Intrinsic Value Of Sumitomo Corporation (TSE:8053)
Sep 01Sumitomo (TSE:8053) Has Announced That It Will Be Increasing Its Dividend To ¥65.00
Aug 12Sumitomo Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Aug 03Sumitomo's (TSE:8053) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 25Sumitomo (TSE:8053) Is Increasing Its Dividend To ¥65.00
Jul 11Fewer Investors Than Expected Jumping On Sumitomo Corporation (TSE:8053)
Jun 22Sumitomo's (TSE:8053) Returns Have Hit A Wall
Jun 07Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden
Apr 08Sumitomo Corporation (TSE:8053) Looks Inexpensive But Perhaps Not Attractive Enough
Mar 12Investors Met With Slowing Returns on Capital At Sumitomo (TSE:8053)
Feb 26Financial Position Analysis
Short Term Liabilities: 8053's short term assets (¥5,092.7B) exceed its short term liabilities (¥2,883.8B).
Long Term Liabilities: 8053's short term assets (¥5,092.7B) exceed its long term liabilities (¥3,305.1B).
Debt to Equity History and Analysis
Debt Level: 8053's net debt to equity ratio (54%) is considered high.
Reducing Debt: 8053's debt to equity ratio has reduced from 112.2% to 69.1% over the past 5 years.
Debt Coverage: 8053's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 8053's interest payments on its debt are well covered by EBIT (187.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 09:00 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Sumitomo Corporation is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kazuhisa Mori | Barclays |
| Toshiyuki Johno | BNP Paribas Securities (Asia) |
| Takashi Enomoto | BofA Global Research |