Sumitomo Bakelite Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Bakelite has a total shareholder equity of ¥280.6B and total debt of ¥47.8B, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ¥407.3B and ¥126.6B respectively. Sumitomo Bakelite's EBIT is ¥25.7B making its interest coverage ratio -6.7. It has cash and short-term investments of ¥109.6B.
Key information
17.0%
Debt to equity ratio
JP¥47.84b
Debt
Interest coverage ratio | -6.7x |
Cash | JP¥109.64b |
Equity | JP¥280.65b |
Total liabilities | JP¥126.61b |
Total assets | JP¥407.26b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4203's short term assets (¥235.0B) exceed its short term liabilities (¥89.6B).
Long Term Liabilities: 4203's short term assets (¥235.0B) exceed its long term liabilities (¥37.0B).
Debt to Equity History and Analysis
Debt Level: 4203 has more cash than its total debt.
Reducing Debt: 4203's debt to equity ratio has reduced from 23.9% to 17% over the past 5 years.
Debt Coverage: 4203's debt is well covered by operating cash flow (80.9%).
Interest Coverage: 4203 earns more interest than it pays, so coverage of interest payments is not a concern.