Sumitomo Rubber Industries (TSE:5110) Debt-to-Equity : 0.39 (As of Dec. 2023)

View and export this data going back to 1975. Start your Free Trial

What is Sumitomo Rubber Industries Debt-to-Equity?

Sumitomo Rubber Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円61,209 Mil. Sumitomo Rubber Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was 円184,166 Mil. Sumitomo Rubber Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was 円624,114 Mil. Sumitomo Rubber Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.39.

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

TSE:5110' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.57 Max: 0.73
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Sumitomo Rubber Industries was 0.73. The lowest was 0.39. And the median was 0.57.

TSE:5110's Debt-to-Equity is ranked better than
56.78% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs TSE:5110: 0.39

Sumitomo Rubber Industries Debt-to-Equity Historical Data

The historical data trend for Sumitomo Rubber Industries'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.

* Premium members only.

Sumitomo Rubber Industries Debt-to-Equity Chart

Sumitomo Rubber Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.57

0.48

0.57

0.39

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
Debt-to-Equity	Get a 7-Day Free Trial															0.57	0.59	0.51	0.44	0.39

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

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

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

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

Sumitomo Rubber Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sumitomo Rubber Industries's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 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
	=	(61209	+	184166)	/	624114
	=	0.39

Sumitomo Rubber Industries's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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
	=	(61209	+	184166)	/	624114
	=	0.39

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

Thank you for viewing the detailed overview of Sumitomo Rubber Industries's Debt-to-Equity 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 » Debt-to-Equity

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

No Headlines