Rio Tinto Group Balance Sheet Health
Financial Health criteria checks 5/6
Rio Tinto Group has a total shareholder equity of $57.2B and total debt of $12.9B, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are $101.9B and $44.7B respectively. Rio Tinto Group's EBIT is $14.7B making its interest coverage ratio 18.5. It has cash and short-term investments of $9.8B.
Key information
22.5%
Debt to equity ratio
US$12.88b
Debt
| Interest coverage ratio | 18.5x |
| Cash | US$9.83b |
| Equity | US$57.16b |
| Total liabilities | US$44.72b |
| Total assets | US$101.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIOL's short term assets ($20.4B) exceed its short term liabilities ($12.0B).
Long Term Liabilities: RIOL's short term assets ($20.4B) do not cover its long term liabilities ($32.7B).
Debt to Equity History and Analysis
Debt Level: RIOL's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: RIOL's debt to equity ratio has reduced from 29.3% to 22.5% over the past 5 years.
Debt Coverage: RIOL's debt is well covered by operating cash flow (118.3%).
Interest Coverage: RIOL's interest payments on its debt are well covered by EBIT (18.5x coverage).