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:
RIO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.45 Max: 2.37
Current: 0.27
During the past 13 years, the highest Debt-to-Equity Ratio of Rio Tinto was 2.37. The lowest was 0.18. And the median was 0.45.
RIO's Debt-to-Equity is ranked worse than 61.8% of 1136
companies
in the Metals & Mining industry
Industry Median: 0.14
vs RIO: 0.27
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
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.34
0.29
0.35
0.29
0.26
Rio Tinto Semi-Annual Data
Dec12
Jun13
Dec13
Jun14
Dec14
Jun15
Dec15
Jun16
Dec16
Jun17
Dec17
Jun18
Dec18
Jun19
Dec19
Jun20
Dec20
Jun21
Dec21
Jun22
Debt-to-Equity
0.36
0.29
0.26
0.26
0.27
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. 2021 is calculated as
* 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.
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
Thank you for viewing the detailed overview of Rio Tinto's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Rio Tinto searches for and extracts a variety of minerals worldwide, with the heaviest concentrations in North America and Australia. Iron ore is the dominant commodity, with significantly lesser contributions from aluminium, copper, 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. Shareholders in each company have equivalent economic and voting rights.
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