Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Cash-to-Debt

: 2.32 (As of Dec. 2023)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Sumitomo Mitsui Financial Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 2.32.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Sumitomo Mitsui Financial Group could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Sumitomo Mitsui Financial Group's Cash-to-Debt or its related term are showing as below:

SMFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.41 Med: 2.21 Max: 2.7
Current: 2.32

During the past 13 years, Sumitomo Mitsui Financial Group's highest Cash to Debt Ratio was 2.70. The lowest was 1.41. And the median was 2.21.

SMFG's Cash-to-Debt is ranked better than
66.09% of 1448 companies
in the Banks industry
Industry Median: 1.235 vs SMFG: 2.32

Sumitomo Mitsui Financial Group Cash-to-Debt Historical Data

The historical data trend for Sumitomo Mitsui Financial Group's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Sumitomo Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

2.44

2.06

2.39

2.33

2.58

Sumitomo Mitsui Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																2.66	2.58	2.54	2.44	2.32

Competitive Comparison

For the Banks - Diversified subindustry, Sumitomo Mitsui Financial Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sumitomo Mitsui Financial Group Cash-to-Debt Distribution

For the Banks industry and Financial Services sector, Sumitomo Mitsui Financial Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sumitomo Mitsui Financial Group's Cash-to-Debt falls into.

Sumitomo Mitsui Financial Group Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Sumitomo Mitsui Financial Group's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	567944.919	/	(36801.233	+	183024.435)
	=	2.58

Sumitomo Mitsui Financial Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	531997.451	/	(33274.212	+	195756.885)
	=	2.32

Sumitomo Mitsui Financial Group (NYSE:SMFG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Sumitomo Mitsui Financial Group Cash-to-Debt Related Terms

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Sumitomo Mitsui Financial Group (Sumitomo Mitsui Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (NYSE:SMFG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:Mexico 8316:Japan 8316:Japan XMF:Germany XMFA:Germany XMF:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.