Sumitomo Rubber Industries (TSE:5110) Cash-to-Debt : 0.38 (As of Dec. 2023)

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What is Sumitomo Rubber Industries Cash-to-Debt?

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 Rubber Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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 Rubber 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 Rubber Industries's Cash-to-Debt or its related term are showing as below:

TSE:5110' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 0.27 Max: 0.38
Current: 0.38

During the past 13 years, Sumitomo Rubber Industries's highest Cash to Debt Ratio was 0.38. The lowest was 0.20. And the median was 0.27.

TSE:5110's Cash-to-Debt is ranked worse than
59.32% of 1293 companies
in the Vehicles & Parts industry
Industry Median: 0.56 vs TSE:5110: 0.38

Sumitomo Rubber Industries Cash-to-Debt Historical Data

The historical data trend for Sumitomo Rubber 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 Rubber Industries Cash-to-Debt Chart

Sumitomo Rubber Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.23

0.35

0.32

0.26

0.38

Sumitomo Rubber 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	Get a 7-Day Free Trial															0.26	0.25	0.26	0.31	0.38

Competitive Comparison of Sumitomo Rubber Industries's Cash-to-Debt

For the Auto Parts subindustry, Sumitomo Rubber 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 Rubber Industries's Cash-to-Debt Distribution in the Vehicles & Parts Industry

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

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

Sumitomo Rubber 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 Rubber Industries's Cash to Debt Ratio for the fiscal year 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)
	=	93147	/	(61209	+	184166)
	=	0.38

Sumitomo Rubber 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)
	=	93147	/	(61209	+	184166)
	=	0.38

Sumitomo Rubber Industries (TSE:5110) 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 Rubber Industries Cash-to-Debt Related Terms

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

Sumitomo Rubber Industries (TSE:5110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Rubber Industries Ltd (TSE:5110) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SMTUF:USA 108:Germany

Address

3-6-9, Wakinohama-cho, Chuo-ku, Hyogo, Kobe, JPN, 651-0072

Website

http://www.srigroup.co.jp

Sumitomo Rubber Industries makes and sells rubber tires, sports equipment, and other products in three segments based on product type. The tire segment, which generates the majority of revenue, sells rubber tires for automobiles and motorcycles under the Dunlop and Falken brand names. The sports segment sells golf, tennis, and fitness equipment under the Srixon, XXIO, Cleveland, and Dunlop brand names. The industrial and other products segment sells rubber parts for printers, artificial turf for sporting use, floor coating materials, portable ramps, gloves, tubes, and valves. More revenue comes from Japan than any other region.

Sumitomo Rubber Industries (TSE:5110) Headlines

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