Rio Tinto Group Balance Sheet Health
Financial Health criteria checks 5/6
Rio Tinto Group has a total shareholder equity of $56.3B and total debt of $13.0B, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are $103.5B and $47.2B respectively. Rio Tinto Group's EBIT is $14.9B making its interest coverage ratio 15.2. It has cash and short-term investments of $10.8B.
Key information
23.1%
Debt to equity ratio
US$13.00b
Debt
| Interest coverage ratio | 15.2x |
| Cash | US$10.75b |
| Equity | US$56.34b |
| Total liabilities | US$47.21b |
| Total assets | US$103.55b |
Recent financial health updates
Does Rio Tinto Group (LON:RIO) Have A Healthy Balance Sheet?
Apr 23
Is Rio Tinto Group (LON:RIO) A Risky Investment?
Sep 03Recent updates
Here's Why Shareholders May Want To Be Cautious With Increasing Rio Tinto Group's (LON:RIO) CEO Pay Packet
Apr 26Does Rio Tinto Group (LON:RIO) Have A Healthy Balance Sheet?
Apr 23Here's What To Make Of Rio Tinto Group's (LON:RIO) Decelerating Rates Of Return
Mar 10Rio Tinto Group (LON:RIO) Hasn't Managed To Accelerate Its Returns
Oct 24Estimating The Intrinsic Value Of Rio Tinto Group (LON:RIO)
Sep 21Is Rio Tinto Group (LON:RIO) A Risky Investment?
Sep 03Financial Position Analysis
Short Term Liabilities: RIO's short term assets ($21.5B) exceed its short term liabilities ($12.7B).
Long Term Liabilities: RIO's short term assets ($21.5B) do not cover its long term liabilities ($34.5B).
Debt to Equity History and Analysis
Debt Level: RIO's net debt to equity ratio (4%) is considered satisfactory.
Reducing Debt: RIO's debt to equity ratio has reduced from 25.5% to 23.1% over the past 5 years.
Debt Coverage: RIO's debt is well covered by operating cash flow (116.6%).
Interest Coverage: RIO's interest payments on its debt are well covered by EBIT (15.2x coverage).