Glencore (CHIX:GLENL) Debt-to-Equity : 0.76 (As of Jun. 2024)

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What is Glencore Debt-to-Equity?

Glencore's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £6,761 Mil. Glencore's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was £17,901 Mil. Glencore's Total Stockholders Equity for the quarter that ended in Jun. 2024 was £32,617 Mil. Glencore's debt to equity for the quarter that ended in Jun. 2024 was 0.76.

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

CHIX:GLENl' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.58 Med: 0.81 Max: 1.12
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Glencore was 1.12. The lowest was 0.58. And the median was 0.81.

CHIX:GLENl's Debt-to-Equity is ranked worse than
82.59% of 1252 companies
in the Metals & Mining industry
Industry Median: 0.13 vs CHIX:GLENl: 0.76

Glencore Debt-to-Equity Historical Data

The historical data trend for Glencore'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.

Glencore Debt-to-Equity Chart

Glencore Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.92

1.00

0.87

0.58

0.74

Glencore Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.58	0.63	0.74	0.76

Competitive Comparison of Glencore's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Glencore'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.

Glencore's Debt-to-Equity Distribution in the Metals & Mining Industry

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

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

Glencore Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glencore'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
	=	(8663.14	+	16807.25)	/	34428.2
	=	0.74

Glencore's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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
	=	(6761.172	+	17901.15)	/	32616.642
	=	0.76

Glencore (CHIX:GLENl) 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.

Glencore Debt-to-Equity Related Terms

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

Glencore Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

GLN:South Africa GLNCY:USA GLCNF:USA 0IVW:UK GLEN:UK 8GC:Germany

Address

Baarermattstrasse 3, Baar, CHE, CH-6340

Website

https://www.glencore.com

Glencore is one of the world's largest commodities traders, active in markets for metals and minerals, energy products, and agricultural goods. The firm's marketing business provides sourcing, logistics, transportation, storage, and financing services to commodity producers and consumers around the globe. Core exposures are in the production of thermal coal, coking coal, copper, zinc, nickel, cobalt, and ferroalloys. Unlike other major miners, Glencore plans to produce thermal coal until its mines exhaust, arguing that it is better for listed, western companies to own these assets and then rehabilitate them consistent with western standards. It also expanded its coking coal exposure via the purchase of 77% of Teck's metallurgical coal business in July 2024.

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