Freeport-McMoRan Balance Sheet Health
Financial Health criteria checks 5/6
Freeport-McMoRan has a total shareholder equity of $28.9B and total debt of $9.7B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are $55.4B and $26.5B respectively. Freeport-McMoRan's EBIT is $7.4B making its interest coverage ratio 17.7. It has cash and short-term investments of $5.0B.
Key information
33.5%
Debt to equity ratio
US$9.68b
Debt
| Interest coverage ratio | 17.7x |
| Cash | US$5.00b |
| Equity | US$28.87b |
| Total liabilities | US$26.53b |
| Total assets | US$55.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCXCL's short term assets ($14.5B) exceed its short term liabilities ($6.2B).
Long Term Liabilities: FCXCL's short term assets ($14.5B) do not cover its long term liabilities ($20.3B).
Debt to Equity History and Analysis
Debt Level: FCXCL's net debt to equity ratio (16.2%) is considered satisfactory.
Reducing Debt: FCXCL's debt to equity ratio has reduced from 56.5% to 33.5% over the past 5 years.
Debt Coverage: FCXCL's debt is well covered by operating cash flow (72.8%).
Interest Coverage: FCXCL's interest payments on its debt are well covered by EBIT (17.7x coverage).