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Sumitomo Mitsui Financial Group Cash-to-Debt

: 2.16 (As of Sep. 2021)
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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 Sep. 2021 was 2.16.

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 Sep. 2021.

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

NYSE:SMFG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.33   Med: 1.51   Max: 15.45
Current: 2.16

0.33
15.45

During the past 13 years, Sumitomo Mitsui Financial Group's highest Cash to Debt Ratio was 15.45. The lowest was 0.33. And the median was 1.51.

NYSE:SMFG's Cash-to-Debt is ranked higher than
51% of the 1432 Companies
in the Banks industry.

( Industry Median: 2.09 vs. NYSE:SMFG: 2.16 )

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.

* Premium members only.

Sumitomo Mitsui Financial Group Annual Data
Trend Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.92 2.17 2.44 2.06 2.39

Sumitomo Mitsui Financial Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 2.30 2.39 2.32 2.16

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 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. 2021 is calculated as:

Cash to Debt Ratio= Cash and cash equivalents / Total Debt
= Cash and cash equivalents / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=667612.47333235 / (28104.363329595 + 251223.0644044)
=2.39

Sumitomo Mitsui Financial Group's Cash to Debt Ratio for the quarter that ended in Sep. 2021 is calculated as:

Cash to Debt Ratio= Cash and cash equivalents / Total Debt
= Cash and cash equivalents / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=657599.16848976 / (15645.210192355 + 289151.08795309)
=2.16

* 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.


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

Thank you for viewing the detailed overview of Sumitomo Mitsui Financial Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


Sumitomo Mitsui Financial Group Business Description

Sumitomo Mitsui Financial Group logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6029
Address
1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005
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 December 2020, its market share of domestic loans was 7.1%, compared with 8.5% 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, areas that it is working on strengthening.

Sumitomo Mitsui Financial Group Headlines

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