Sumitomo Metal Mining Balance Sheet Health
Financial Health criteria checks 6/6
Sumitomo Metal Mining has a total shareholder equity of ¥1,990.7B and total debt of ¥562.5B, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are ¥3,025.1B and ¥1,034.4B respectively. Sumitomo Metal Mining's EBIT is ¥65.1B making its interest coverage ratio 3.3. It has cash and short-term investments of ¥288.9B.
Key information
28.3%
Debt to equity ratio
JP¥562.49b
Debt
Interest coverage ratio | 3.3x |
Cash | JP¥288.89b |
Equity | JP¥1.99t |
Total liabilities | JP¥1.03t |
Total assets | JP¥3.03t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SMMY.Y's short term assets (¥995.4B) exceed its short term liabilities (¥448.3B).
Long Term Liabilities: SMMY.Y's short term assets (¥995.4B) exceed its long term liabilities (¥586.1B).
Debt to Equity History and Analysis
Debt Level: SMMY.Y's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: SMMY.Y's debt to equity ratio has reduced from 32.6% to 28.3% over the past 5 years.
Debt Coverage: SMMY.Y's debt is well covered by operating cash flow (44.5%).
Interest Coverage: SMMY.Y's interest payments on its debt are well covered by EBIT (3.3x coverage).