Rio Tinto (Rio Tinto) Cash-to-Debt

: 0.68 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Rio Tinto's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.68.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Rio Tinto couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Rio Tinto's Cash-to-Debt or its related term are showing as below:

RIO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.36 Med: 0.66 Max: 1.04
Current: 0.68

During the past 13 years, Rio Tinto's highest Cash to Debt Ratio was 1.04. The lowest was 0.36. And the median was 0.66.

RIO's Cash-to-Debt is ranked worse than
72.69% of 2633 companies
in the Metals & Mining industry
Industry Median: 18.1 vs RIO: 0.68

Rio Tinto Cash-to-Debt Historical Data

The historical data trend for Rio Tinto's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.62

0.82

1.04

0.65

0.68

Rio Tinto Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Cash-to-Debt																1.04	1.01	0.65	0.75	0.68

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Rio Tinto's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rio Tinto Cash-to-Debt Distribution

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Rio Tinto's Cash-to-Debt falls into.

Rio Tinto Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Rio Tinto's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9776	/	(1169	+	13183)
	=	0.68

Rio Tinto's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	9776	/	(1169	+	13183)
	=	0.68

Rio Tinto (NYSE:RIO) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Rio Tinto Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Rio Tinto's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Rio Tinto (Rio Tinto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto PLC (NYSE:RIO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO N:Mexico RIOl:UK RIO:UK RIO1:Germany RIOT34:Brazil RIO:Argentina

Address

6 St James’s Square, London, GBR, SW1Y 4AD

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.