Sumitomo Corporation

TSE:8053 Stock Report

Market Cap: JP¥4.0t

Sumitomo Balance Sheet Health

Financial Health criteria checks 4/6

Sumitomo has a total shareholder equity of ¥4,894.8B and total debt of ¥3,438.8B, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are ¥11,538.3B and ¥6,643.5B respectively. Sumitomo's EBIT is ¥425.6B making its interest coverage ratio 195.4. It has cash and short-term investments of ¥739.7B.

Key information

70.3%

Debt to equity ratio

JP¥3.44t

Debt

Interest coverage ratio195.4x
CashJP¥739.67b
EquityJP¥4.89t
Total liabilitiesJP¥6.64t
Total assetsJP¥11.54t

Recent financial health updates

Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden

Apr 08
Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden

Recent updates

Cautious Investors Not Rewarding Sumitomo Corporation's (TSE:8053) Performance Completely

Sep 21
Cautious Investors Not Rewarding Sumitomo Corporation's (TSE:8053) Performance Completely

Sumitomo (TSE:8053) Has Announced That It Will Be Increasing Its Dividend To ¥65.00

Sep 04
Sumitomo (TSE:8053) Has Announced That It Will Be Increasing Its Dividend To ¥65.00

Calculating The Intrinsic Value Of Sumitomo Corporation (TSE:8053)

Sep 01
Calculating The Intrinsic Value Of Sumitomo Corporation (TSE:8053)

Sumitomo (TSE:8053) Has Announced That It Will Be Increasing Its Dividend To ¥65.00

Aug 12
Sumitomo (TSE:8053) Has Announced That It Will Be Increasing Its Dividend To ¥65.00

Sumitomo Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Aug 03
Sumitomo Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Sumitomo's (TSE:8053) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 25
Sumitomo's (TSE:8053) Shareholders Will Receive A Bigger Dividend Than Last Year

Sumitomo (TSE:8053) Is Increasing Its Dividend To ¥65.00

Jul 11
Sumitomo (TSE:8053) Is Increasing Its Dividend To ¥65.00

Fewer Investors Than Expected Jumping On Sumitomo Corporation (TSE:8053)

Jun 22
Fewer Investors Than Expected Jumping On Sumitomo Corporation (TSE:8053)

Sumitomo's (TSE:8053) Returns Have Hit A Wall

Jun 07
Sumitomo's (TSE:8053) Returns Have Hit A Wall

Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden

Apr 08
Here's Why Sumitomo (TSE:8053) Has A Meaningful Debt Burden

Sumitomo Corporation (TSE:8053) Looks Inexpensive But Perhaps Not Attractive Enough

Mar 12
Sumitomo Corporation (TSE:8053) Looks Inexpensive But Perhaps Not Attractive Enough

Investors Met With Slowing Returns on Capital At Sumitomo (TSE:8053)

Feb 26
Investors Met With Slowing Returns on Capital At Sumitomo (TSE:8053)

Financial Position Analysis

Short Term Liabilities: 8053's short term assets (¥5,495.3B) exceed its short term liabilities (¥3,326.9B).

Long Term Liabilities: 8053's short term assets (¥5,495.3B) exceed its long term liabilities (¥3,316.6B).

Debt to Equity History and Analysis

Debt Level: 8053's net debt to equity ratio (55.1%) is considered high.

Reducing Debt: 8053's debt to equity ratio has reduced from 113.8% to 70.3% over the past 5 years.

Debt Coverage: 8053's debt is not well covered by operating cash flow (16.3%).

Interest Coverage: 8053's interest payments on its debt are well covered by EBIT (195.4x coverage).

Balance Sheet

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