ArcelorMittal Balance Sheet Health
Financial Health criteria checks 6/6
ArcelorMittal has a total shareholder equity of $55.4B and total debt of $11.3B, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are $93.2B and $37.8B respectively. ArcelorMittal's EBIT is $1.7B making its interest coverage ratio 21.1. It has cash and short-term investments of $5.1B.
Key information
20.3%
Debt to equity ratio
US$11.26b
Debt
| Interest coverage ratio | 21.1x |
| Cash | US$5.09b |
| Equity | US$55.36b |
| Total liabilities | US$37.80b |
| Total assets | US$93.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTL's short term assets ($31.1B) exceed its short term liabilities ($21.3B).
Long Term Liabilities: MTL's short term assets ($31.1B) exceed its long term liabilities ($16.5B).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: MTL's debt to equity ratio has reduced from 33.9% to 20.3% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (50.7%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (21.1x coverage).