ArcelorMittal Balance Sheet Health
Financial Health criteria checks 6/6
ArcelorMittal has a total shareholder equity of $56.1B and total debt of $9.5B, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are $93.9B and $37.8B respectively. ArcelorMittal's EBIT is $3.1B making its interest coverage ratio 21.6. It has cash and short-term investments of $7.7B.
Key information
17.0%
Debt to equity ratio
US$9.54b
Debt
Interest coverage ratio | 21.6x |
Cash | US$7.69b |
Equity | US$56.07b |
Total liabilities | US$37.85b |
Total assets | US$93.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ARRD's short term assets ($33.2B) exceed its short term liabilities ($21.8B).
Long Term Liabilities: ARRD's short term assets ($33.2B) exceed its long term liabilities ($16.1B).
Debt to Equity History and Analysis
Debt Level: ARRD's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: ARRD's debt to equity ratio has reduced from 27.3% to 17% over the past 5 years.
Debt Coverage: ARRD's debt is well covered by operating cash flow (80.2%).
Interest Coverage: ARRD's interest payments on its debt are well covered by EBIT (21.6x coverage).