Glencore Balance Sheet Health
Financial Health criteria checks 3/6
Glencore has a total shareholder equity of $35.8B and total debt of $30.3B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are $120.7B and $84.9B respectively. Glencore's EBIT is $4.9B making its interest coverage ratio 2.3. It has cash and short-term investments of $2.8B.
Key information
84.8%
Debt to equity ratio
US$30.33b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$2.84b |
| Equity | US$35.76b |
| Total liabilities | US$84.93b |
| Total assets | US$120.69b |
Recent financial health updates
Glencore (LON:GLEN) Has A Somewhat Strained Balance Sheet
Aug 31
These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively
Mar 14Recent updates
Glencore's (LON:GLEN) Returns On Capital Are Heading Higher
Dec 05Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)
Oct 12Lacklustre Performance Is Driving Glencore plc's (LON:GLEN) Low P/S
Sep 18Glencore (LON:GLEN) Has A Somewhat Strained Balance Sheet
Aug 31The Return Trends At Glencore (LON:GLEN) Look Promising
Jul 12With Glencore plc (LON:GLEN) It Looks Like You'll Get What You Pay For
Jun 07We Think Shareholders Will Probably Be Generous With Glencore plc's (LON:GLEN) CEO Compensation
May 23Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)
Apr 25These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively
Mar 14Returns On Capital Are A Standout For Glencore (LON:GLEN)
Feb 20Is Glencore plc (LON:GLEN) Trading At A 49% Discount?
Jan 25Financial Position Analysis
Short Term Liabilities: GLEN's short term assets ($62.6B) exceed its short term liabilities ($48.1B).
Long Term Liabilities: GLEN's short term assets ($62.6B) exceed its long term liabilities ($36.8B).
Debt to Equity History and Analysis
Debt Level: GLEN's net debt to equity ratio (76.9%) is considered high.
Reducing Debt: GLEN's debt to equity ratio has increased from 82.7% to 84.8% over the past 5 years.
Debt Coverage: GLEN's debt is well covered by operating cash flow (33.3%).
Interest Coverage: GLEN's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:28 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Glencore plc is covered by 42 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Teun Teeuwisse | ABN AMRO Bank N.V. |
| Pierre-Yves Gauthier | AlphaValue |
| Wade Napier | Avior Capital Markets |