Sumitomo Balance Sheet Health
Financial Health criteria checks 4/6
Sumitomo has a total shareholder equity of ¥4,470.0B and total debt of ¥3,278.4B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are ¥10,719.2B and ¥6,249.3B respectively. Sumitomo's EBIT is ¥379.5B making its interest coverage ratio 52.5. It has cash and short-term investments of ¥657.3B.
Key information
73.3%
Debt to equity ratio
JP¥3.28t
Debt
Interest coverage ratio | 52.5x |
Cash | JP¥657.31b |
Equity | JP¥4.47t |
Total liabilities | JP¥6.25t |
Total assets | JP¥10.72t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SSUM.F's short term assets (¥5,044.3B) exceed its short term liabilities (¥3,090.9B).
Long Term Liabilities: SSUM.F's short term assets (¥5,044.3B) exceed its long term liabilities (¥3,158.4B).
Debt to Equity History and Analysis
Debt Level: SSUM.F's net debt to equity ratio (58.6%) is considered high.
Reducing Debt: SSUM.F's debt to equity ratio has reduced from 113.6% to 73.3% over the past 5 years.
Debt Coverage: SSUM.F's debt is not well covered by operating cash flow (15%).
Interest Coverage: SSUM.F's interest payments on its debt are well covered by EBIT (52.5x coverage).