The company maintains a disciplined financial position with a debt-to-equity ratio of 0.35 and a current ratio of 1.44, effectively supporting an expanded asset base of $128.1B.
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Total Current Assets | 21.57B | 19.12B | 21.51B | 18.97B | 24.43B | 20.86B | 17.3B | 20.9B | 19.17B | 15.09B | 15.55B | 21.13B | 22.28B | 20.19B | 21.99B | 21.46B | 14.93B | 18.43B | 21.93B | 6.88B | 7.48B | 4.51B | 4.89B | 4.37B | 4.66B | 6.45B | 6.21B | 7.37B | 8.31B | 5.9B |
| Cash & Short-Term Investments | 9.45B | 7.2B | 10.79B | 8.94B | 15.35B | 13.23B | 10.7B | 13.46B | 11.63B | 8.56B | 9.59B | 12.84B | 10.93B | 7.62B | 10.26B | 9.95B | 4.23B | 1.45B | 2.69B | 1.3B | 2.92B | 624M | 625M | 631.31M | 690M | 1.12B | 1.28B | 2.18B | 2.65B | 2.25B |
| Cash Only | 8.87B | 6.83B | 9.67B | 6.78B | 12.81B | 10.38B | 8.03B | 10.77B | 10.55B | 8.2B | 9.37B | 12.42B | 10.22B | 7.08B | 9.67B | 9.95B | 4.23B | 1.18B | 1.65B | 736M | 2.38B | 392M | 395M | 325.16M | 679M | 1.09B | 1.03B | 1.5B | 2.5B | 1.74B |
| Short-Term Investments | 548M | 370M | 1.08B | 2.16B | 2.54B | 2.85B | 2.67B | 2.69B | 1.08B | 359M | 223M | 417M | 710M | 533M | 585M | 0 | 0 | 264M | 1.04B | 567M | 536M | 232M | 230M | 306.15M | 11M | 22.31M | 250.3M | 684.91M | 143.5M | 505.19M |
| Accounts Receivable | 5.16B | 3.52B | 2.46B | 3.37B | 3.12B | 3.4B | 2.92B | 3.07B | 3.29B | 3.29B | 2.3B | 3.55B | 4.6B | 5.43B | 5.88B | 5.79B | 4.89B | 5.59B | 6.35B | 2.86B | 2.38B | 1.79B | 482.3K | 2.24B | 0 | 3.08B | 0 | 0 | 0 | 408.31M |
| Days Sales Outstanding | 32.57 | 23.95 | 16.62 | 22.14 | 17.92 | 27.83 | 24.73 | 27.65 | 30.03 | 35.57 | 24.15 | 27.18 | 32.81 | 38.87 | 35.42 | 37.34 | 41.09 | 37.62 | 78.04 | 46.4 | 45.58 | 50.56 | 0.02 | 96.75 | - | 96.83 | - | - | - | 19.21 |
| Inventory | 6.97B | 5.86B | 6.66B | 6.21B | 5.44B | 3.92B | 3.46B | 3.45B | 3.47B | 2.94B | 3.17B | 4.35B | 5.74B | 6.14B | 5.31B | 4.76B | 4.89B | 5.61B | 5.4B | 2.54B | 2.05B | 1.95B | 1.78B | 1.5B | 1.48B | 2.14B | 2.07B | 2.15B | 2.35B | 1.4B |
| Days Inventory Outstanding | 61.39 | 91.49 | 66.15 | 106.55 | 106.9 | 92.33 | 77.02 | 75.98 | 80.17 | 69.03 | 68.75 | 80.58 | 125.58 | 134.72 | 53.42 | 47.34 | 52.77 | - | - | - | - | - | - | 131.85 | 148.32 | - | - | - | - | - |
| Other Current Assets | -891M | 1.82B | 1.05B | 1.22B | 938M | 990M | 836M | 1.68B | 1.47B | 1.03B | 1.28B | 1.46B | 2.58B | 7.08B | 5.57B | 521M | 0 | 5.33B | 7.02B | 145M | 108M | 104M | 2.42B | 0 | 2.49B | 0 | 2.74B | 1.69B | 1.09B | 2.25B |
| Total Non-Current Assets | 106.53B | 83.67B | 82.04B | 77.77B | 78.46B | 76.53B | 70.5B | 70.05B | 76.55B | 74.18B | 76.01B | 86.7B | 88.74B | 97.38B | 97.56B | 90.94B | 82.3B | 71.18B | 79.16B | 27.62B | 22.32B | 21.8B | 19.19B | 15.84B | 14.96B | 22.57B | 19.07B | 19.67B | 19.17B | 11.47B |
| Property, Plant & Equipment | 84.31B | 69.14B | 66.47B | 64.73B | 64.93B | 62.88B | 57.37B | 56.36B | 62.09B | 58.85B | 61.06B | 68.69B | 70.83B | 75.13B | 64.97B | 56.02B | 45.8B | 41.75B | 41.97B | 22.21B | 17.62B | 18.52B | 15.2B | 12.19B | 11.6B | 18.15B | 15.75B | 15.58B | 15.12B | 9.26B |
| Fixed Asset Turnover | 0.69x | 0.78x | 0.81x | 0.86x | 0.98x | 0.71x | 0.75x | 0.72x | 0.64x | 0.57x | 0.57x | 0.69x | 0.72x | 0.68x | 0.93x | 1.01x | 0.95x | 1.30x | 0.71x | 1.01x | 1.08x | 0.70x | 0.61x | 0.69x | 0.70x | 0.64x | 0.74x | 0.76x | 0.81x | 0.84x |
| Goodwill | 2.95B | 727M | 797M | 826M | 879M | 946M | 922M | 912M | 1.04B | 951M | 892M | 1.23B | 1.35B | 2.77B | 8.19B | 15.3B | 14.27B | 14.3B | 21.11B | 841M | 1.02B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 5.23B | 2.24B | 2.41B | 3.65B | 2.83B | 2.75B | 2.64B | 2.78B | 3.12B | 3.28B | 3.34B | 5.88B | 5.42B | 6.63B | 7.96B | 5.7B | 5.73B | 6.29B | 6.8B | 384M | 220M | 1.26B | 1.25B | 1.07B | 1.08B | 1.74B | 357.19M | 475.02M | 0 | 408.31M |
| Long-Term Investments | 7.58B | 4.99B | 4.79B | 1.54B | 1.49B | 1.74B | 1.94B | 2B | 3.66B | 4.96B | 5.1B | 5.04B | 4.16B | 5.93B | 11.17B | 8.56B | 8.28B | 5.58B | 6.01B | 2.18B | 1.83B | 2.11B | 2.51B | 2.27B | 0 | 2.68B | 2.96B | 3.61B | 3.89B | 2.1B |
| Other Non-Current Assets | 2.18B | 2.56B | 3.95B | 4.26B | 4.96B | 4.83B | 4.53B | 4.86B | 3.25B | 2.4B | 2.32B | 2.32B | 3.43B | 3.56B | 3.4B | 3.5B | 5.99B | 1.9B | 2.69B | 1.79B | 1.57B | -144.81M | -163.71M | 2.58B | 2.28B | -1.09B | -1.03B | -1.5B | -2.5B | -1.74B |
| Total Assets | 128.1B | 102.79B | 103.55B | 96.74B | 102.9B | 97.39B | 87.8B | 90.95B | 95.73B | 89.26B | 91.56B | 107.83B | 111.03B | 117.57B | 119.55B | 112.4B | 97.24B | 89.62B | 101.09B | 34.49B | 29.8B | 26.31B | 24.08B | 20.21B | 19.62B | 29.02B | 25.28B | 27.03B | 27.48B | 17.37B |
| Asset Turnover | 0.45x | 0.52x | 0.52x | 0.57x | 0.62x | 0.46x | 0.49x | 0.45x | 0.42x | 0.38x | 0.38x | 0.44x | 0.46x | 0.43x | 0.51x | 0.50x | 0.45x | 0.61x | 0.29x | 0.65x | 0.64x | 0.49x | 0.38x | 0.42x | 0.42x | 0.40x | 0.46x | 0.44x | 0.45x | 0.45x |
| Asset Growth % | 24.63% | -0.74% | 7.03% | -5.98% | 5.65% | 10.92% | -3.46% | -4.99% | 7.24% | -2.51% | -15.08% | -2.88% | -5.57% | -1.65% | 6.35% | 15.6% | 8.5% | -11.35% | 193.07% | 15.74% | 13.28% | 9.25% | 19.13% | 3.05% | -32.41% | 14.81% | -6.49% | -1.63% | 58.19% | 10.78% |
| Total Current Liabilities | 14.93B | 11.74B | 12.74B | 11.6B | 12.63B | 11.61B | 11.13B | 10.87B | 11.35B | 9.4B | 10.16B | 12.58B | 15.37B | 14.23B | 15B | 11.79B | 9.53B | 22.1B | 19.55B | 5.78B | 4.79B | 2.75B | 4.33B | 5.34B | 5.91B | 9.64B | 5.68B | 7.94B | 8.08B | 4.3B |
| Accounts Payable | 10.13B | 3.2B | 3.27B | 3.27B | 3.41B | 3.12B | 2.85B | 3.18B | 3.25B | 2.79B | 2.57B | 2.59B | 3.1B | 3.32B | 9.58B | 6.58B | 5.76B | 7.2B | 3.15B | 1.5B | 2.04B | 1.75B | 737.08M | 1.97B | 1.97B | 876.84M | 766.53M | 536M | 495M | 2.09B |
| Days Payables Outstanding | 89.28 | 49.9 | 32.43 | 56.06 | 67.06 | 73.64 | 63.49 | 70.09 | 75.16 | 65.5 | 55.71 | 48.01 | 67.75 | 72.83 | 96.45 | 65.46 | 62.16 | - | - | - | - | - | - | 173.2 | 197.56 | - | - | - | - | - |
| Short-Term Debt | 733M | 180M | 824M | 923M | 812M | 351M | 720M | 1.07B | 548M | 696M | 2.25B | 2.66B | 3.91B | 2.16B | 1.45B | 1.06B | 847M | 10.51B | 8.21B | 1.7B | 1.2B | 855M | 2.19B | 3.37B | 3.83B | 6.36B | 2.85B | 4.81B | 2.99B | 2.21B |
| Deferred Revenue (Current) | 0 | 0 | 280M | 333M | 399M | 344M | 200M | 3.19B | 3.38B | 2.11B | 1.43B | 2.45B | 3.03B | 2.76B | -1.41B | 3.89B | 2.51B | -14.84B | -12.53B | -3.1B | -2.34B | -1.92B | -2.19B | -3.37B | -3.83B | -6.36B | -2.85B | -4.81B | -4.92B | -2.21B |
| Other Current Liabilities | 2.48B | 7.43B | 6.13B | 3.54B | 4.4B | 4.58B | 4.39B | 4.19B | 4.95B | 3.6B | 2.92B | 3.69B | 4.18B | 5.89B | 1.31B | 1.38B | 738M | 2.18B | 6.8B | 1.58B | 1.38B | 142M | 123.29M | 0 | 0 | 272.2M | 211.19M | 2.6B | 4.6B | 0 |
| Current Ratio | 1.44x | 1.63x | 1.69x | 1.64x | 1.93x | 1.80x | 1.56x | 1.92x | 1.69x | 1.60x | 1.53x | 1.68x | 1.45x | 1.42x | 1.47x | 1.82x | 1.57x | 0.83x | 1.12x | 1.19x | 1.56x | 1.64x | 1.13x | 0.82x | 0.79x | 0.67x | 1.09x | 0.93x | 1.03x | 1.37x |
| Quick Ratio | 0.98x | 1.13x | 1.17x | 1.10x | 1.50x | 1.46x | 1.24x | 1.61x | 1.38x | 1.29x | 1.22x | 1.33x | 1.08x | 0.99x | 1.11x | 1.42x | 1.05x | 0.58x | 0.85x | 0.75x | 1.14x | 0.93x | 0.72x | 0.54x | 0.54x | 0.45x | 0.73x | 0.66x | 0.74x | 1.05x |
| Cash Conversion Cycle | 4.68 | 65.54 | 50.34 | 72.63 | 57.76 | 46.52 | 38.25 | 33.54 | 35.04 | 39.1 | 37.19 | 59.74 | 90.65 | 100.76 | -7.61 | 19.22 | 31.7 | - | - | - | - | - | - | 55.4 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 46.15B | 33.08B | 34.47B | 32.87B | 33.68B | 33.88B | 31.43B | 30.26B | 33.26B | 34.13B | 37.28B | 40.65B | 42.15B | 45.32B | 45.34B | 35.33B | 41.78B | 45.05B | 55.25B | 9.33B | 9.28B | 10.97B | 8.71B | 6.63B | 5.7B | 7.13B | 6.95B | 7.32B | 6.11B | 4.75B |
| Long-Term Debt | 21.2B | 12.26B | 12.18B | 10.15B | 11.36B | 12.3B | 12.09B | 12.4B | 14.57B | 16.89B | 21.14B | 22.36B | 24.5B | 24.42B | 20.36B | 14.16B | 22.16B | 29.99B | 38.55B | 2.24B | 2.78B | 3.88B | 3.85B | 2.71B | 2.57B | 2.29B | 2.36B | 2.78B | 1.46B | 2.4B |
| Capital Lease Obligations | 1.06B | 1.06B | 1.01B | 908M | 1.04B | 945M | 1.01B | 39M | 49M | 24M | 45M | 49M | 39M | 55M | 0 | 0 | 104M | 0 | 104M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 4.09B | 2.63B | 2.58B | 3.6B | 3.5B | 3.24B | 3.22B | 3.67B | 3.63B | 3.12B | 3.29B | 3.57B | 4.14B | 4.74B | 6.21B | 5.17B | 4.6B | 4.05B | 4.91B | 2.34B | 2.2B | 2.13B | 1.4B | 1.05B | 858M | 1.36B | 1.32B | 1.38B | 1.73B | 1.06B |
| Other Non-Current Liabilities | 19.37B | 17B | 18.59B | 18.1B | 17.58B | 17.19B | 14.91B | 13.9B | 18.64B | 17.22B | 16.09B | 18.24B | 17.61B | 15.56B | 1.13B | 2.64B | 2.41B | 11.01B | 11.68B | 4.75B | 4.3B | 997M | 322M | 304.15M | 2.28B | 3.48B | 3.27B | 3.16B | 524.12M | 1.3B |
| Total Liabilities | 61.08B | 44.82B | 47.21B | 44.47B | 46.31B | 45.49B | 42.56B | 41.13B | 44.61B | 43.53B | 47.44B | 53.23B | 57.52B | 59.55B | 60.34B | 47.13B | 51.31B | 67.16B | 74.8B | 15.11B | 14.06B | 13.72B | 13.04B | 11.97B | 11.61B | 16.77B | 12.63B | 15.26B | 14.2B | 9.05B |
| Total Debt | 23.52B | 13.86B | 14.35B | 12.27B | 13.53B | 14.02B | 14.71B | 13.92B | 16.05B | 18.39B | 23.62B | 25.22B | 28.55B | 26.82B | 21.8B | 15.22B | 23B | 40.51B | 48.3B | 3.94B | 3.98B | 4.74B | 6.04B | 6.08B | 6.4B | 8.65B | 5.21B | 7.59B | 7.32B | 4.6B |
| Net Debt | 14.64B | 7.03B | 4.68B | 5.5B | 724M | 3.63B | 6.69B | 3.15B | 5.5B | 10.19B | 14.26B | 12.8B | 18.34B | 19.74B | 12.13B | 5.27B | 18.77B | 39.33B | 46.65B | 3.2B | 1.61B | 4.35B | 5.65B | 5.75B | 5.72B | 7.56B | 4.18B | 6.09B | 4.82B | 2.86B |
| Debt / Equity | 0.35x | 0.24x | 0.25x | 0.23x | 0.24x | 0.27x | 0.33x | 0.28x | 0.31x | 0.40x | 0.54x | 0.46x | 0.53x | 0.46x | 0.37x | 0.23x | 0.50x | 1.80x | 1.84x | 0.20x | 0.24x | 0.38x | 0.55x | 0.74x | 0.80x | 0.71x | 0.41x | 0.65x | 0.55x | 0.55x |
| Debt / EBITDA | 1.05x | 0.67x | 0.68x | 0.46x | 0.39x | 0.65x | 0.71x | 0.63x | 0.85x | 1.55x | 2.86x | 1.56x | 2.34x | 8.16x | 1.23x | 0.66x | 2.10x | 2.96x | 4.52x | 0.38x | 0.48x | 1.05x | 2.42x | 3.40x | 2.63x | 2.00x | 1.38x | 2.38x | 1.94x | 2.17x |
| Net Debt / EBITDA | 0.66x | 0.34x | 0.22x | 0.21x | 0.02x | 0.17x | 0.32x | 0.14x | 0.29x | 0.86x | 1.73x | 0.79x | 1.50x | 6.00x | 0.68x | 0.23x | 1.72x | 2.88x | 4.37x | 0.31x | 0.19x | 0.97x | 2.26x | 3.22x | 2.35x | 1.75x | 1.11x | 1.91x | 1.27x | 1.35x |
| Interest Coverage | 12.92x | 8.59x | 7.20x | 9.83x | 50.62x | 23.27x | 12.12x | 19.52x | 10.62x | 4.70x | 0.33x | 10.26x | 5.00x | -2.46x | 16.63x | 27.45x | 9.46x | 6.67x | 16.04x | 56.22x | 43.27x | 230.36x | 7.59x | 6.37x | - | 9.45x | 8.38x | 2.69x | 2.81x | 4.16x |
| Total Equity | 67.02B | 57.97B | 56.34B | 52.27B | 56.59B | 51.9B | 45.24B | 49.82B | 51.12B | 45.73B | 44.13B | 54.59B | 53.5B | 58.02B | 59.21B | 65.27B | 45.92B | 22.46B | 26.29B | 19.39B | 16.53B | 12.59B | 11.04B | 8.24B | 8B | 12.25B | 12.65B | 11.75B | 13.26B | 8.3B |
| Equity Growth % | 15.63% | 2.88% | 7.78% | -7.63% | 9.03% | 14.72% | -9.19% | -2.53% | 11.78% | 3.63% | -19.17% | 2.04% | -7.79% | -2% | -9.29% | 42.13% | 104.47% | -14.57% | 35.64% | 17.27% | 31.28% | 14.05% | 33.91% | 3.01% | -34.68% | -3.16% | 7.7% | -11.4% | 59.71% | 8.35% |
| Book Value per Share | 40.92 | 35.49 | 34.53 | 32.08 | 34.74 | 31.87 | 27.55 | 28.77 | 28.41 | 25.28 | 24.18 | 29.37 | 28.80 | 31.38 | 30.59 | 33.09 | 25.95 | 11.82 | 16.82 | 12.01 | 9.98 | 7.53 | 6.62 | 4.94 | 4.80 | 7.37 | 7.63 | 6.98 | 7.95 | 4.98 |
| Total Shareholders' Equity | 62.2B | 55.25B | 54.59B | 50.17B | 51.43B | 47.05B | 40.53B | 43.69B | 44.71B | 39.29B | 37.35B | 46.28B | 45.89B | 46.87B | 52.54B | 58.33B | 43.83B | 20.64B | 24.77B | 18.23B | 15.74B | 11.88B | 10.04B | 7.47B | 7.18B | 10.96B | 11.49B | 10.62B | 12.05B | 7.54B |
| Common Stock | 3.5B | 3.27B | 3.58B | 3.54B | 3.78B | 3.99B | 3.65B | 3.69B | 4.36B | 4.14B | 4.17B | 4.76B | 5.14B | 5.95B | 5.82B | 5.85B | 5.17B | 1.12B | 1.39B | 1.27B | 1.19B | 1.3B | 1.24B | 970.48M | 154M | 1.41B | 1.74B | 1.68B | 993.7M | 707.26M |
| Retained Earnings | 46.58B | 42.54B | 38.35B | 34.51B | 33.34B | 26.79B | 23.39B | 27.02B | 23.76B | 21.63B | 19.74B | 26.11B | 23.61B | 21.83B | 27.78B | 48.23B | 34.49B | 17.13B | 19.03B | 14.4B | 11.89B | 8.4B | 6.83B | 4.58B | 4.4B | 6.73B | 6.78B | 5.87B | 7.22B | 4.29B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.45B | 0 | 6.88B |
| Accumulated OCI | 7.79B | 5.11B | 8.33B | 7.8B | 10B | 11.96B | 9.18B | -50.05B | -56.06B | -50.86B | -47.39B | -46.75B | -47.59B | -40.66B | -31.18B | -27.77B | -24.34B | -18.87B | 0 | -14.8B | -15.11B | -14.74B | -4.17B | -11.21B | -9.27B | -12.54B | -12.18B | -11.24B | -10.06B | -6.88B |
| Minority Interest | 4.82B | 2.72B | 1.75B | 2.1B | 5.16B | 4.85B | 4.71B | 6.14B | 6.4B | 6.44B | 6.78B | 8.31B | 7.62B | 11.16B | 6.67B | 6.94B | 2.09B | 1.82B | 1.52B | 1.15B | 791M | 714M | 1B | 778.38M | 827M | 1.29B | 1.16B | 1.12B | 1.21B | 762.06M |
Capital intensive project execution
According to recent financial filings, Rio Tinto has expanded its total asset base from $96.7B in 2022Q4 to $128.1B by 2025Q4, a trend largely driven by significant capital deployment into long-term mining projects and infrastructure development across its global operational footprint.
The growth in total assets appears to reflect a strategic pivot toward long-term capacity expansion rather than mere maintenance of existing operations. Investors should monitor whether this asset accumulation translates into commensurate returns on invested capital as these projects move toward full production.
As reported in financial statements, Rio Tinto maintains a disciplined debt-to-equity ratio of 0.35 as of 2025Q4, demonstrating that management has successfully utilized its strong balance sheet to fund growth initiatives without over-leveraging the firm during periods of commodity price volatility.
The increase in total debt from $12.3B in 2022Q4 to $23.5B in 2025Q4 remains well within manageable limits given the company's historical cash generation capabilities. This conservative leverage profile suggests a high degree of financial flexibility to navigate potential cyclical downturns in the industrial materials sector.
Based on reported figures, net property, plant, and equipment (PPE) has risen to $84.3B in 2025Q4, representing the vast majority of the company's asset base and underscoring the inherently capital-intensive nature of Rio Tinto's integrated mining and logistics business model.
The concentration of value in PPE highlights the company's reliance on physical infrastructure, which serves as both a competitive moat and a source of operational risk. The steady increase in these assets suggests that the firm is prioritizing long-term reserve development over short-term liquidity preservation.
Data from recent balance sheets indicates that Rio Tinto's current ratio stands at 1.44 as of 2025Q4, providing a sufficient buffer to cover short-term obligations despite the inherent cyclicality of the global mining industry and the ongoing capital requirements of major projects.
While the current ratio has moderated from higher levels seen in previous years, it remains indicative of a healthy liquidity position that allows the company to meet its operational commitments. This liquidity profile appears robust enough to withstand temporary disruptions in commodity demand or unexpected inflationary cost pressures.
Quick answers to the most common questions about buying RIO stock.
As of 2025, Rio Tinto Group (RIO) had total assets of $128.10B including $21.57B in current assets.
Rio Tinto Group (RIO) carries total debt of $23.52B, offset by $9.45B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Rio Tinto Group (RIO) has total shareholders' equity (book value) of $62.20B ($40.92 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Rio Tinto Group (RIO) reported a current ratio of 1.44x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.