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 ratio2.3x
CashUS$2.84b
EquityUS$35.76b
Total liabilitiesUS$84.93b
Total assetsUS$120.69b

Recent financial health updates

Recent updates

Glencore's (LON:GLEN) Returns On Capital Are Heading Higher

Dec 05
Glencore's (LON:GLEN) Returns On Capital Are Heading Higher

Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

Oct 12
Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

Lacklustre Performance Is Driving Glencore plc's (LON:GLEN) Low P/S

Sep 18
Lacklustre Performance Is Driving Glencore plc's (LON:GLEN) Low P/S

Glencore (LON:GLEN) Has A Somewhat Strained Balance Sheet

Aug 31
Glencore (LON:GLEN) Has A Somewhat Strained Balance Sheet

The Return Trends At Glencore (LON:GLEN) Look Promising

Jul 12
The Return Trends At Glencore (LON:GLEN) Look Promising

With Glencore plc (LON:GLEN) It Looks Like You'll Get What You Pay For

Jun 07
With Glencore plc (LON:GLEN) It Looks Like You'll Get What You Pay For

We Think Shareholders Will Probably Be Generous With Glencore plc's (LON:GLEN) CEO Compensation

May 23
We Think Shareholders Will Probably Be Generous With Glencore plc's (LON:GLEN) CEO Compensation

Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

Apr 25
Estimating The Intrinsic Value Of Glencore plc (LON:GLEN)

These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively

Mar 14
These 4 Measures Indicate That Glencore (LON:GLEN) Is Using Debt Extensively

Returns On Capital Are A Standout For Glencore (LON:GLEN)

Feb 20
Returns On Capital Are A Standout For Glencore (LON:GLEN)

Is Glencore plc (LON:GLEN) Trading At A 49% Discount?

Jan 25
Is Glencore plc (LON:GLEN) Trading At A 49% Discount?

Glencore plc's (LON:GLEN) Low P/E No Reason For Excitement

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

Financial 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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