ArcelorMittal Balance Sheet Health
Financial Health criteria checks 6/6
ArcelorMittal has a total shareholder equity of $55.7B and total debt of $10.2B, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are $91.9B and $36.3B respectively. ArcelorMittal's EBIT is $3.0B making its interest coverage ratio 21. It has cash and short-term investments of $5.4B.
Key information
18.4%
Debt to equity ratio
US$10.22b
Debt
Interest coverage ratio | 21x |
Cash | US$5.44b |
Equity | US$55.66b |
Total liabilities | US$36.29b |
Total assets | US$91.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTL's short term assets ($31.7B) exceed its short term liabilities ($20.4B).
Long Term Liabilities: MTL's short term assets ($31.7B) exceed its long term liabilities ($15.9B).
Debt to Equity History and Analysis
Debt Level: MTL's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: MTL's debt to equity ratio has reduced from 30.1% to 18.4% over the past 5 years.
Debt Coverage: MTL's debt is well covered by operating cash flow (64.5%).
Interest Coverage: MTL's interest payments on its debt are well covered by EBIT (21x coverage).