BHP Group Balance Sheet Health
Financial Health criteria checks 5/6
BHP Group has a total shareholder equity of $49.1B and total debt of $19.1B, which brings its debt-to-equity ratio to 38.9%. Its total assets and total liabilities are $102.4B and $53.2B respectively. BHP Group's EBIT is $22.8B making its interest coverage ratio 55.8. It has cash and short-term investments of $12.5B.
Key information
38.9%
Debt to equity ratio
US$19.12b
Debt
| Interest coverage ratio | 55.8x |
| Cash | US$12.53b |
| Equity | US$49.12b |
| Total liabilities | US$53.24b |
| Total assets | US$102.36b |
Recent financial health updates
No updates
Recent updates
BHP Group: Dividend Play With Long-Term Upside
Oct 24BHP: Dealing With Subdued Iron Ore Price And Higher Costs
Jul 14BHP Group Walked Away From Anglo Deal
May 31BHP: Tremendous Value If They Get Anglo American At Current Offer Price
May 20BHP: Improvements Visible, But Downside Possible Too
Apr 20BHP Group Should Be Added By Investors Seeking Income And An Attractive Total Return
Apr 01BHP Group: Ready For A Second Wave Of Inflation?
Mar 12BHP Group: Better Commodity Outlook But Still Pricey
Dec 28BHP: Coal Divestments To Continue (Rating Downgrade)
Nov 20BHP Group: Leading Global Miner With Solid Financials For Income-Minded Investors
Nov 10Financial Position Analysis
Short Term Liabilities: BHP's short term assets ($24.3B) exceed its short term liabilities ($14.3B).
Long Term Liabilities: BHP's short term assets ($24.3B) do not cover its long term liabilities ($38.9B).
Debt to Equity History and Analysis
Debt Level: BHP's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: BHP's debt to equity ratio has reduced from 48.4% to 38.9% over the past 5 years.
Debt Coverage: BHP's debt is well covered by operating cash flow (108.1%).
Interest Coverage: BHP's interest payments on its debt are well covered by EBIT (55.8x coverage).