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
These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively
Mar 14
Does Glencore (LON:GLEN) Have A Healthy Balance Sheet?
Nov 19We Think Glencore (LON:GLEN) Can Stay On Top Of Its Debt
May 12Is Glencore (LON:GLEN) A Risky Investment?
Oct 16Recent updates
Estimating 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 25Glencore plc's (LON:GLEN) Low P/E No Reason For Excitement
Dec 19Does Glencore (LON:GLEN) Have A Healthy Balance Sheet?
Nov 19Is Glencore plc (LON:GLEN) Trading At A 34% Discount?
Oct 16Investors Shouldn't Overlook Glencore's (LON:GLEN) Impressive Returns On Capital
Oct 01An Intrinsic Calculation For Glencore plc (LON:GLEN) Suggests It's 38% Undervalued
Jun 23Does Glencore (LON:GLEN) Deserve A Spot On Your Watchlist?
Jun 08We Think Glencore (LON:GLEN) Can Stay On Top Of Its Debt
May 12The Trend Of High Returns At Glencore (LON:GLEN) Has Us Very Interested
Apr 11Here's Why We Think Glencore (LON:GLEN) Is Well Worth Watching
Mar 02Returns on Capital Paint A Bright Future For Glencore (LON:GLEN)
Jan 05Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)
Dec 03Here's Why We Think Glencore (LON:GLEN) Is Well Worth Watching
Nov 17Is Glencore (LON:GLEN) A Risky Investment?
Oct 16Glencore (LON:GLEN) Is Achieving High Returns On Its Capital
Sep 30Does Glencore (LON:GLEN) Deserve A Spot On Your Watchlist?
Aug 12Financial Position Analysis
Short Term Liabilities: GLEN's short term assets ($64.0B) exceed its short term liabilities ($49.5B).
Long Term Liabilities: GLEN's short term assets ($64.0B) exceed its long term liabilities ($36.2B).
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 76.4% to 82% over the past 5 years.
Debt Coverage: GLEN's debt is well covered by operating cash flow (35.2%).
Interest Coverage: GLEN's interest payments on its debt are well covered by EBIT (4.5x coverage).