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
No updates
Recent updates
Financial 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).