Glencore Balance Sheet Health
Financial Health criteria checks 3/6
Glencore has a total shareholder equity of $35.8B and total debt of $30.3B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are $120.7B and $84.9B respectively. Glencore's EBIT is $4.9B making its interest coverage ratio 2.3. It has cash and short-term investments of $2.8B.
Key information
84.8%
Debt to equity ratio
US$30.33b
Debt
| Interest coverage ratio | 2.3x |
| Cash | US$2.84b |
| Equity | US$35.76b |
| Total liabilities | US$84.93b |
| Total assets | US$120.69b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GLN's short term assets ($62.6B) exceed its short term liabilities ($48.1B).
Long Term Liabilities: GLN's short term assets ($62.6B) exceed its long term liabilities ($36.8B).
Debt to Equity History and Analysis
Debt Level: GLN's net debt to equity ratio (76.9%) is considered high.
Reducing Debt: GLN's debt to equity ratio has increased from 82.7% to 84.8% over the past 5 years.
Debt Coverage: GLN's debt is well covered by operating cash flow (33.3%).
Interest Coverage: GLN's interest payments on its debt are not well covered by EBIT (2.3x coverage).