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 25Glencore plc's (LON:GLEN) Low P/E No Reason For Excitement
Dec 19Financial 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).