Sumitomo Seika Chemicals Company Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Seika Chemicals Company has a total shareholder equity of ¥90.4B and total debt of ¥14.4B, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are ¥133.2B and ¥42.8B respectively. Sumitomo Seika Chemicals Company's EBIT is ¥6.8B making its interest coverage ratio -16.7. It has cash and short-term investments of ¥26.2B.
Key information
15.9%
Debt to equity ratio
JP¥14.38b
Debt
Interest coverage ratio | -16.7x |
Cash | JP¥26.19b |
Equity | JP¥90.45b |
Total liabilities | JP¥42.76b |
Total assets | JP¥133.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4008's short term assets (¥89.2B) exceed its short term liabilities (¥40.8B).
Long Term Liabilities: 4008's short term assets (¥89.2B) 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 32.2% to 15.9% over the past 5 years.
Debt Coverage: 4008's debt is well covered by operating cash flow (32%).
Interest Coverage: 4008 earns more interest than it pays, so coverage of interest payments is not a concern.