BHP Group Balance Sheet Health
Financial Health criteria checks 5/6
BHP Group has a total shareholder equity of $49.1B and total debt of $19.1B, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are $102.4B and $53.2B respectively. BHP Group's EBIT is $22.8B making its interest coverage ratio 55.8. It has cash and short-term investments of $12.5B.
Key information
38.9%
Debt to equity ratio
US$19.12b
Debt
| Interest coverage ratio | 55.8x |
| Cash | US$12.53b |
| Equity | US$49.12b |
| Total liabilities | US$53.24b |
| Total assets | US$102.36b |
Recent financial health updates
Recent updates
Little Excitement Around BHP Group Limited's (ASX:BHP) Earnings
Nov 22
Increases to BHP Group Limited's (ASX:BHP) CEO Compensation Might Cool off for now
Oct 23Is There An Opportunity With BHP Group Limited's (ASX:BHP) 24% Undervaluation?
Oct 11Estimating The Intrinsic Value Of BHP Group Limited (ASX:BHP)
Jun 21Is BHP Group (ASX:BHP) A Risky Investment?
May 02A Piece Of The Puzzle Missing From BHP Group Limited's (ASX:BHP) Share Price
Mar 19Financial Position Analysis
Short Term Liabilities: BHP's short term assets ($24.3B) exceed its short term liabilities ($14.3B).
Long Term Liabilities: BHP's short term assets ($24.3B) do not cover its long term liabilities ($38.9B).
Debt to Equity History and Analysis
Debt Level: BHP's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: BHP's debt to equity ratio has reduced from 48.4% to 38.9% over the past 5 years.
Debt Coverage: BHP's debt is well covered by operating cash flow (108.1%).
Interest Coverage: BHP's interest payments on its debt are well covered by EBIT (55.8x coverage).