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Rio Tinto (BSP:RIOT34) Debt-to-Revenue : 0.27 (As of Jun. 2024)


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What is Rio Tinto Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

Rio Tinto's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R$5,919 Mil. Rio Tinto's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was R$71,097 Mil. Rio Tinto's annualized Revenue for the quarter that ended in Jun. 2024 was R$288,717 Mil. Rio Tinto's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 was 0.27.


Rio Tinto Debt-to-Revenue Historical Data

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

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Rio Tinto Debt-to-Revenue Chart

Rio Tinto Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.31 0.21 0.22 0.27

Rio Tinto 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-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.24 0.26 0.26 0.27

Competitive Comparison of Rio Tinto's Debt-to-Revenue

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

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

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



Rio Tinto Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(5727.866 + 64594.063) / 264790.092
=0.27

Rio Tinto's annualized Debt-to-Revenue for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(5919.324 + 71096.52) / 288716.504
=0.27

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is two times the quarterly (Jun. 2024) Revenue data.


Rio Tinto Debt-to-Revenue Related Terms

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Rio Tinto Business Description

Address
6 St James’s Square, London, GBR, SW1Y 4AD
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 the 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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