Sumitomo Bakelite Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Bakelite has a total shareholder equity of ¥303.7B and total debt of ¥48.5B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are ¥441.2B and ¥137.4B respectively. Sumitomo Bakelite's EBIT is ¥27.4B making its interest coverage ratio -7.6. It has cash and short-term investments of ¥123.1B.
Key information
16.0%
Debt to equity ratio
JP¥48.53b
Debt
| Interest coverage ratio | -7.6x |
| Cash | JP¥123.08b |
| Equity | JP¥303.73b |
| Total liabilities | JP¥137.44b |
| Total assets | JP¥441.16b |
Recent financial health updates
These 4 Measures Indicate That Sumitomo Bakelite (TSE:4203) Is Using Debt Reasonably Well
Jul 12
Is Sumitomo Bakelite (TSE:4203) A Risky Investment?
Feb 29Recent updates
These 4 Measures Indicate That Sumitomo Bakelite (TSE:4203) Is Using Debt Reasonably Well
Jul 12Estimating The Fair Value Of Sumitomo Bakelite Company Limited (TSE:4203)
Jun 24Is Now An Opportune Moment To Examine Sumitomo Bakelite Company Limited (TSE:4203)?
Jun 08Sumitomo Bakelite Company Limited's (TSE:4203) Share Price Could Signal Some Risk
May 24Sumitomo Bakelite's (TSE:4203) Dividend Will Be Increased To ¥80.00
Mar 17Sumitomo Bakelite (TSE:4203) Has Announced That It Will Be Increasing Its Dividend To ¥80.00
Mar 03Is Sumitomo Bakelite (TSE:4203) A Risky Investment?
Feb 29Financial Position Analysis
Short Term Liabilities: 4203's short term assets (¥250.7B) exceed its short term liabilities (¥94.3B).
Long Term Liabilities: 4203's short term assets (¥250.7B) exceed its long term liabilities (¥43.2B).
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 25.1% to 16% over the past 5 years.
Debt Coverage: 4203's debt is well covered by operating cash flow (82.9%).
Interest Coverage: 4203 earns more interest than it pays, so coverage of interest payments is not a concern.