Sumitomo Rubber Industries Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Rubber Industries has a total shareholder equity of ¥637.2B and total debt of ¥251.0B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are ¥1,271.4B and ¥634.2B respectively. Sumitomo Rubber Industries's EBIT is ¥84.6B making its interest coverage ratio 7.9. It has cash and short-term investments of ¥72.3B.
Key information
39.4%
Debt to equity ratio
JP¥251.04b
Debt
| Interest coverage ratio | 7.9x |
| Cash | JP¥72.29b |
| Equity | JP¥637.18b |
| Total liabilities | JP¥634.18b |
| Total assets | JP¥1.27t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMTU.F's short term assets (¥638.5B) exceed its short term liabilities (¥334.0B).
Long Term Liabilities: SMTU.F's short term assets (¥638.5B) exceed its long term liabilities (¥300.2B).
Debt to Equity History and Analysis
Debt Level: SMTU.F's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: SMTU.F's debt to equity ratio has reduced from 68% to 39.4% over the past 5 years.
Debt Coverage: SMTU.F's debt is well covered by operating cash flow (50.5%).
Interest Coverage: SMTU.F's interest payments on its debt are well covered by EBIT (7.9x coverage).