ArcelorMittal (XMAD:MTS) Debt-to-Equity

: 0.20 (As of Dec. 2023)

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ArcelorMittal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €2,120 Mil. ArcelorMittal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €7,674 Mil. ArcelorMittal's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €49,482 Mil. ArcelorMittal's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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

XMAD:MTS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.33 Max: 0.78
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of ArcelorMittal was 0.78. The lowest was 0.17. And the median was 0.33.

XMAD:MTS's Debt-to-Equity is ranked better than
72.04% of 558 companies
in the Steel industry
Industry Median: 0.415 vs XMAD:MTS: 0.20

ArcelorMittal Debt-to-Equity Historical Data

The historical data trend for ArcelorMittal'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.

ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.37

0.32

0.17

0.22

0.20

ArcelorMittal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.22	0.21	0.19	0.19	0.20

Competitive Comparison

For the Steel subindustry, ArcelorMittal'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.

ArcelorMittal Debt-to-Equity Distribution

For the Steel industry and Basic Materials sector, ArcelorMittal's Debt-to-Equity distribution charts can be found below:

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

ArcelorMittal Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ArcelorMittal'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
	=	(2120.104	+	7674.373)	/	49482.237
	=	0.20

ArcelorMittal'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
	=	(2120.104	+	7674.373)	/	49482.237
	=	0.20

ArcelorMittal (XMAD:MTS) 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.

ArcelorMittal Debt-to-Equity Related Terms

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ArcelorMittal (XMAD:MTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (XMAD:MTS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AMSYF:USA MT:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.

ArcelorMittal (XMAD:MTS) Headlines

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