ArcelorMittal Balance Sheet Health
Financial Health criteria checks 6/6
ArcelorMittal has a total shareholder equity of $54.3B and total debt of $10.1B, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are $90.8B and $36.5B respectively. ArcelorMittal's EBIT is $2.1B making its interest coverage ratio 20.6. It has cash and short-term investments of $5.8B.
Key information
18.6%
Debt to equity ratio
US$10.09b
Debt
| Interest coverage ratio | 20.6x |
| Cash | US$5.84b |
| Equity | US$54.30b |
| Total liabilities | US$36.55b |
| Total assets | US$90.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MT's short term assets ($31.0B) exceed its short term liabilities ($20.3B).
Long Term Liabilities: MT's short term assets ($31.0B) exceed its long term liabilities ($16.2B).
Debt to Equity History and Analysis
Debt Level: MT's net debt to equity ratio (7.8%) is considered satisfactory.
Reducing Debt: MT's debt to equity ratio has reduced from 28% to 18.6% over the past 5 years.
Debt Coverage: MT's debt is well covered by operating cash flow (55.3%).
Interest Coverage: MT's interest payments on its debt are well covered by EBIT (20.6x coverage).