Sumitomo Seika Chemicals Company Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Seika Chemicals Company has a total shareholder equity of ¥98.8B and total debt of ¥12.0B, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are ¥139.4B and ¥40.6B respectively. Sumitomo Seika Chemicals Company's EBIT is ¥11.3B making its interest coverage ratio -25.8. It has cash and short-term investments of ¥20.7B.
Key information
12.1%
Debt to equity ratio
JP¥11.99b
Debt
| Interest coverage ratio | -25.8x |
| Cash | JP¥20.74b |
| Equity | JP¥98.82b |
| Total liabilities | JP¥40.63b |
| Total assets | JP¥139.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4008's short term assets (¥88.4B) exceed its short term liabilities (¥38.7B).
Long Term Liabilities: 4008's short term assets (¥88.4B) 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 28.5% to 12.1% over the past 5 years.
Debt Coverage: 4008's debt is well covered by operating cash flow (100.1%).
Interest Coverage: 4008 earns more interest than it pays, so coverage of interest payments is not a concern.