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
No updates
Recent updates
Rio Tinto Group: The Pullback In Iron Ore Prices Creates A Buying Opportunity
Apr 11Rio Tinto: We're Looking For An Exit Due To China Concerns
Mar 25Rio Tinto: Improved Conditions Can Augur Well (Rating Upgrade)
Mar 11Rio Tinto: Solid Buy With Simandou Upside To Priced In
Feb 17The Simandou Project: Rio Tinto's Bet On Green Steel
Feb 06Rio Tinto: Iron And Copper Prices Likely To Crash In 2024 As China Stimulus Fails (Rating Downgrade)
Jan 05Rio Tinto: A Better Buying Opportunity Is Coming (Rating Downgrade)
Dec 04Rio Tinto: The Commodities Market Is Back In Action
Nov 21Rio Tinto: Is Madagascar The Next Big Move
Oct 31Rio Tinto: Iron Ore's Glory Days Are Likely Behind Us
Oct 02Rio Tinto's ESG Performance Matters To Their Shareholders
Sep 15Rio Tinto: Strong Fundamental Drivers And Technical Indicators Cement Bullish Case
Aug 31Rio Tinto: Iron Ore Keeps Dominating Earnings
Aug 25Financial 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).