Sumitomo Seika Chemicals Company Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Seika Chemicals Company has a total shareholder equity of ¥95.0B and total debt of ¥14.5B, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are ¥134.0B and ¥38.9B respectively. Sumitomo Seika Chemicals Company's EBIT is ¥10.7B making its interest coverage ratio -25.7. It has cash and short-term investments of ¥19.7B.
Key information
15.3%
Debt to equity ratio
JP¥14.53b
Debt
| Interest coverage ratio | -25.7x |
| Cash | JP¥19.70b |
| Equity | JP¥95.04b |
| Total liabilities | JP¥38.93b |
| Total assets | JP¥133.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4008's short term assets (¥81.8B) exceed its short term liabilities (¥37.0B).
Long Term Liabilities: 4008's short term assets (¥81.8B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 4008 has more cash than its total debt.
Reducing Debt: 4008's debt to equity ratio has reduced from 26.7% to 15.3% over the past 5 years.
Debt Coverage: 4008's debt is well covered by operating cash flow (86.6%).
Interest Coverage: 4008 earns more interest than it pays, so coverage of interest payments is not a concern.