Glencore Balance Sheet Health
Financial Health criteria checks 4/6
Glencore has a total shareholder equity of $38.2B and total debt of $31.3B, which brings its debt-to-equity ratio to 82%. Its total assets and total liabilities are $123.9B and $85.6B respectively. Glencore's EBIT is $8.5B making its interest coverage ratio 4.5. It has cash and short-term investments of $1.9B.
Key information
82.0%
Debt to equity ratio
US$31.34b
Debt
Interest coverage ratio | 4.5x |
Cash | US$1.95b |
Equity | US$38.24b |
Total liabilities | US$85.63b |
Total assets | US$123.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8GC's short term assets ($64.0B) exceed its short term liabilities ($49.5B).
Long Term Liabilities: 8GC's short term assets ($64.0B) exceed its long term liabilities ($36.2B).
Debt to Equity History and Analysis
Debt Level: 8GC's net debt to equity ratio (76.9%) is considered high.
Reducing Debt: 8GC's debt to equity ratio has increased from 76.4% to 82% over the past 5 years.
Debt Coverage: 8GC's debt is well covered by operating cash flow (35.2%).
Interest Coverage: 8GC's interest payments on its debt are well covered by EBIT (4.5x coverage).