BHP Group (BHP Group) Debt-to-Equity

: 0.54 (As of Dec. 2023)

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BHP Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2,839 Mil. BHP Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $19,565 Mil. BHP Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $41,392 Mil. BHP Group's debt to equity for the quarter that ended in Dec. 2023 was 0.54.

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 BHP Group's Debt-to-Equity or its related term are showing as below:

BHP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.5 Max: 0.69
Current: 0.54

During the past 13 years, the highest Debt-to-Equity Ratio of BHP Group was 0.69. The lowest was 0.35. And the median was 0.50.

BHP's Debt-to-Equity is ranked worse than
77.3% of 1304 companies
in the Metals & Mining industry
Industry Median: 0.13 vs BHP: 0.54

BHP Group Debt-to-Equity Historical Data

The historical data trend for BHP Group'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.

BHP Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.54

0.58

0.42

0.38

0.52

BHP Group 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																0.37	0.38	0.35	0.52	0.54

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, BHP Group'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.

BHP Group Debt-to-Equity Distribution

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

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

BHP Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BHP Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(7173	+	15172)	/	43055
	=	0.52

BHP Group'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
	=	(2839	+	19565)	/	41392
	=	0.54

BHP Group (NYSE:BHP) 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.

BHP Group Debt-to-Equity Related Terms

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BHP Group (BHP Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » BHP Group Ltd (NYSE:BHP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BHG:South Africa BHPLF:USA BHPN:Mexico BHPl:UK BHP:UK BHP1:Germany BHP:Australia BHP:Argentina

Address

171 Collins Street, Level 18, Melbourne, VIC, AUS, 3000

Website

https://www.bhp.com

BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.