Sumitomo Electric Industries (TSE:5802) Cash-to-Debt

: 0.36 (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 Electric Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.36.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Sumitomo Electric Industries couldn't 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 Electric Industries's Cash-to-Debt or its related term are showing as below:

TSE:5802' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.46
Current: 0.36

During the past 13 years, Sumitomo Electric Industries's highest Cash to Debt Ratio was 0.46. The lowest was 0.27. And the median was 0.34.

TSE:5802's Cash-to-Debt is ranked worse than
61.41% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs TSE:5802: 0.36

Sumitomo Electric Industries Cash-to-Debt Historical Data

The historical data trend for Sumitomo Electric Industries'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 Electric Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

0.32

0.40

0.38

0.31

0.30

Sumitomo Electric Industries 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																0.33	0.30	0.28	0.31	0.36

Competitive Comparison

For the Auto Parts subindustry, Sumitomo Electric Industries'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 Electric Industries Cash-to-Debt Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Electric Industries's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Sumitomo Electric Industries's Cash-to-Debt falls into.

Sumitomo Electric Industries Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities 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 Electric Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	283425	/	(608237	+	335966)
	=	0.30

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

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	308449	/	(516090	+	349828)
	=	0.36

Sumitomo Electric Industries (TSE:5802) 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 Electric Industries Cash-to-Debt Related Terms

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Sumitomo Electric Industries (TSE:5802) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Electric Industries Ltd (TSE:5802) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMTOY:USA SMO:Germany

Address

4-5-33, Kitahama, Chuo-ku, Osaka, JPN, 541-0041

Website

http://www.sei.co.jp

Sumitomo Electric Industries Ltd manufactures and sells electric wires and cables, and other products. The company is engaged in diversified business activities supporting people's daily lives and industry through five business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Automobile-related segment offers wire harnesses, rubber cushions, hoses for automobiles, automobile electrical parts and others. Sumitomo's Information Communications-related segment offers fiber-optic cables, electrical cables and equipment for communications use, optical communications-related parts and others. It derives most of the revenue from Japan.

Sumitomo Electric Industries (TSE:5802) Headlines

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