Sumitomo Metal Mining Co (TSE:5713) Debt-to-Equity : 0.30 (As of Sep. 2024)

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What is Sumitomo Metal Mining Co Debt-to-Equity?

Sumitomo Metal Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円216,182 Mil. Sumitomo Metal Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was 円367,087 Mil. Sumitomo Metal Mining Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was 円1,957,258 Mil. Sumitomo Metal Mining Co's debt to equity for the quarter that ended in Sep. 2024 was 0.30.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sumitomo Metal Mining Co's Debt-to-Equity or its related term are showing as below:

TSE:5713' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.37 Max: 0.56
Current: 0.3

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Metal Mining Co was 0.56. The lowest was 0.22. And the median was 0.37.

TSE:5713's Debt-to-Equity is ranked worse than
64.83% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs TSE:5713: 0.30

Sumitomo Metal Mining Co Debt-to-Equity Historical Data

The historical data trend for Sumitomo Metal Mining Co's Debt-to-Equity 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.

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Sumitomo Metal Mining Co Debt-to-Equity Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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0.40

0.32

0.23

0.28

0.30

Sumitomo Metal Mining Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.31	0.31	0.30	N/A	0.30

Competitive Comparison of Sumitomo Metal Mining Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sumitomo Metal Mining Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Metal Mining Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sumitomo Metal Mining Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sumitomo Metal Mining Co's Debt-to-Equity falls into.

Sumitomo Metal Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Metal Mining Co's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(133610	+	396679)	/	1782420
	=	0.30

Sumitomo Metal Mining Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(216182	+	367087)	/	1957258
	=	0.30

Sumitomo Metal Mining Co (TSE:5713) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sumitomo Metal Mining Co Debt-to-Equity Related Terms

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Sumitomo Metal Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumitomo Metal Mining Co Ltd (TSE:5713) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STMNF:USA SMMYY:USA S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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