Rio Tinto (CHIX:RIOL) Debt-to-Equity

: 0.26 (As of Dec. 2023)

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Rio Tinto's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £924 Mil. Rio Tinto's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £10,415 Mil. Rio Tinto's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £43,123 Mil. Rio Tinto's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

CHIX:RIOl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.62
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Rio Tinto was 0.62. The lowest was 0.24. And the median was 0.32.

CHIX:RIOl's Debt-to-Equity is ranked worse than
62.72% of 1309 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CHIX:RIOl: 0.26

Rio Tinto Debt-to-Equity Historical Data

The historical data trend for Rio Tinto's Debt-to-Equity 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.

* Premium members only.

Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.35

0.29

0.26

0.24

0.26

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
Debt-to-Equity																0.26	0.27	0.24	0.27	0.26

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Rio Tinto's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

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

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

Rio Tinto Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(923.51	+	10414.57)	/	43122.94
	=	0.26

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(923.51	+	10414.57)	/	43122.94
	=	0.26

Rio Tinto (CHIX:RIOl) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Rio Tinto Debt-to-Equity Related Terms

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Rio Tinto (CHIX:RIOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto PLC (CHIX:RIOl) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RTPPF:USA RIO:USA RIO N:Mexico 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.

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