Freeport-McMoRan Balance Sheet Health
Financial Health criteria checks 5/6
Freeport-McMoRan has a total shareholder equity of $28.1B and total debt of $9.4B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are $54.2B and $26.1B respectively. Freeport-McMoRan's EBIT is $6.2B making its interest coverage ratio 13.7. It has cash and short-term investments of $5.2B.
Key information
33.5%
Debt to equity ratio
US$9.43b
Debt
| Interest coverage ratio | 13.7x |
| Cash | US$5.21b |
| Equity | US$28.11b |
| Total liabilities | US$26.09b |
| Total assets | US$54.20b |
Recent financial health updates
We Think Freeport-McMoRan (NYSE:FCX) Is Taking Some Risk With Its Debt
Jan 15
These 4 Measures Indicate That Freeport-McMoRan (NYSE:FCX) Is Using Debt Extensively
Oct 10Here's Why Freeport-McMoRan (NYSE:FCX) Has A Meaningful Debt Burden
Jun 02Does Freeport-McMoRan (NYSE:FCX) Have A Healthy Balance Sheet?
Jan 03Here's Why Freeport-McMoRan (NYSE:FCX) Can Manage Its Debt Responsibly
Sep 01Recent updates
Freeport-McMoRan: AI Data Center Winner (Rating Upgrade)
May 11Freeport-McMoRan: Bold Management Guidance Warrants Taking Some Profits
Apr 27Results: Freeport-McMoRan Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 26Freeport-McMoRan Is Overpriced
Apr 07Freeport-McMoRan: A Large High-Margin Copper-Focused Miner
Apr 01Freeport-McMoRan's Electrification Story Boosted By Mine Closure & Future's Rally
Mar 19Freeport-McMoRan (NYSE:FCX) Has More To Do To Multiply In Value Going Forward
Mar 15Freeport-McMoRan Inc.'s (NYSE:FCX) Earnings Haven't Escaped The Attention Of Investors
Feb 29Freeport-McMoRan: Where Copper Meets Opportunity
Feb 15Estimating The Fair Value Of Freeport-McMoRan Inc. (NYSE:FCX)
Jan 30We Think Freeport-McMoRan (NYSE:FCX) Is Taking Some Risk With Its Debt
Jan 15Freeport-McMoRan: Brace For More Pain On The Leading Copper Miner (Downgrade)
Jan 14Copper's Golden Ticket: Unveiling Freeport-McMoRan's Bull Case
Jan 05Freeport-McMoRan (NYSE:FCX) Has Announced A Dividend Of $0.15
Dec 29Time For Copper To Shine: The Case For Southern Copper And Freeport-McMoRan
Dec 13Freeport-McMoRan: Copper's Rally Helps, But Shares Near Fair Value
Dec 04Freeport-McMoRan (NYSE:FCX) Will Want To Turn Around Its Return Trends
Nov 17Freeport-McMoRan's Strong Assets Aren't Sufficient With Today's Prices
Nov 02Freeport-McMoRan - 2023: A Bit Of A Lost Year
Oct 22These 4 Measures Indicate That Freeport-McMoRan (NYSE:FCX) Is Using Debt Extensively
Oct 10Freeport-McMoRan Stock: Buckle Up For The Copper Surge
Oct 02Freeport-McMoRan (NYSE:FCX) Will Pay A Dividend Of $0.15
Sep 23Freeport-McMoRan: Irrational Beatdown Is Not Justified
Sep 01Estimating The Intrinsic Value Of Freeport-McMoRan Inc. (NYSE:FCX)
Sep 01Freeport-McMoRan: Still A 'Hold'
Aug 17Freeport-McMoRan (NYSE:FCX) Might Be Having Difficulty Using Its Capital Effectively
Aug 14Freeport-McMoRan: Riding The Copper Boom, A Top Pick
Aug 01Freeport-McMoRan: Keeping My Bullish Call Before Earnings
Jul 18Freeport-McMoRan's (NYSE:FCX) Dividend Will Be $0.15
Jun 29Freeport-McMoRan: Declining Free Cash Flow Spells Trouble
Jun 23Here's Why Freeport-McMoRan (NYSE:FCX) Has A Meaningful Debt Burden
Jun 02Freeport-McMoRan Will Make Up A Sizable Part Of Future Energy Markets
May 23Calculating The Intrinsic Value Of Freeport-McMoRan Inc. (NYSE:FCX)
May 14Freeport-McMoRan (NYSE:FCX) Shareholders Will Want The ROCE Trajectory To Continue
Jan 30Freeport-McMoRan Non-GAAP EPS of $0.52 beats by $0.08, revenue of $5.76B beats by $340M
Jan 25Freeport-McMoRan: Bears Were Fooled
Jan 16Does Freeport-McMoRan (NYSE:FCX) Have A Healthy Balance Sheet?
Jan 03Freeport-McMoRan: Higher Copper Price Path
Dec 19Freeport-McMoRan's Long-Term Thesis Remains Intact
Nov 14Copper, iron ore rally on ramped up hopes for China COVID reopening
Nov 04Freeport-McMoRan: A Small Bounce, But How Long Will It Last?
Oct 27Freeport-McMoRan For A New Energy Market
Oct 17Freeport-McMoRan (NYSE:FCX) Knows How To Allocate Capital Effectively
Oct 10Freeport-McMoRan: Dr. Copper Has Further To Fall
Oct 03Freeport-McMoRan Inc. (NYSE:FCX) Shares Could Be 34% Below Their Intrinsic Value Estimate
Sep 26Freeport-McMoRan: Searching For The Copper Top
Sep 19Here's Why Freeport-McMoRan (NYSE:FCX) Can Manage Its Debt Responsibly
Sep 01Freeport-McMoRan: China Will Roar Back
Aug 31Freeport-McMoRan And Copper: Already In The Recession Phase
Aug 11Financial Position Analysis
Short Term Liabilities: FCX's short term assets ($14.8B) exceed its short term liabilities ($6.3B).
Long Term Liabilities: FCX's short term assets ($14.8B) do not cover its long term liabilities ($19.8B).
Debt to Equity History and Analysis
Debt Level: FCX's net debt to equity ratio (15%) is considered satisfactory.
Reducing Debt: FCX's debt to equity ratio has reduced from 55.5% to 33.5% over the past 5 years.
Debt Coverage: FCX's debt is well covered by operating cash flow (65%).
Interest Coverage: FCX's interest payments on its debt are well covered by EBIT (13.7x coverage).