Freeport-McMoRan Balance Sheet Health
Financial Health criteria checks 5/6
Freeport-McMoRan has a total shareholder equity of $28.7B and total debt of $9.4B, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are $54.6B and $25.9B respectively. Freeport-McMoRan's EBIT is $6.9B making its interest coverage ratio 18.5. It has cash and short-term investments of $5.3B.
Key information
32.9%
Debt to equity ratio
US$9.43b
Debt
| Interest coverage ratio | 18.5x |
| Cash | US$5.27b |
| Equity | US$28.69b |
| Total liabilities | US$25.95b |
| Total assets | US$54.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FCXCL's short term assets ($14.7B) exceed its short term liabilities ($6.1B).
Long Term Liabilities: FCXCL's short term assets ($14.7B) do not cover its long term liabilities ($19.8B).
Debt to Equity History and Analysis
Debt Level: FCXCL's net debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: FCXCL's debt to equity ratio has reduced from 55.7% to 32.9% over the past 5 years.
Debt Coverage: FCXCL's debt is well covered by operating cash flow (68%).
Interest Coverage: FCXCL's interest payments on its debt are well covered by EBIT (18.5x coverage).