Debt to Equity

Sony Corp., debt to equity calculation, comparison to benchmarks

Mar 31, Mar 31, Mar 31, Mar 31, Mar 31, Mar 31,
2012 2011 2010 2009 2008 2007
Selected Financial Data (USD $ in millions, translated from JPY ￥)

Short-term borrowings 1,215 646 524 3,091 631 443

Current portion of long-

3,778 1,318 2,535 1,502 2,913 366
term debt
Long-term debt,
excluding the current 9,274 9,768 9,933 6,720 7,277 8,479
portion

Total debt 14,267 11,733 12,992 11,313 10,821 9,288

Sony Corporation’s
24,685 30,643 31,878 30,181 34,585 28,553
stockholders’ equity
Ratio

Debt to equity1 0.58 0.38 0.41 0.37 0.31 0.33

Benchmarks
Debt to Equity, Industry
Consumer Goods 1.21 – – – – –

Source: Based on data from Sony Corp. Annual Reports

2012 Calculations
1
Debt to equity = Total debt ÷ Sony Corporation’s stockholders’ equity
= 14,267 ÷ 24,685 = 0.58

Ratio Description The company

A solvency ratio calculated as Sony Corp.'s debt-to-equity ratio
Debt-to-equity ratio total debt divided by total improved from 2010 to 2011 but
shareholders' equity. then deterio