Rio Net Debt from 2010 to 2024
| RIO Stock | USD 64.98 0.16 0.25% |
Net Debt | First Reported 1998-06-30 | Previous Quarter 5.7 B | Current Value 5 B | Quarterly Volatility 10.6 B |
Check Rio Tinto financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rio Tinto's main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.6 B, Interest Expense of 2.1 B or Total Revenue of 28.6 B, as well as many indicators such as Price To Sales Ratio of 2.63, Dividend Yield of 0.0368 or PTB Ratio of 3.14. Rio financial statements analysis is a perfect complement when working with Rio Tinto Valuation or Volatility modules.
Rio | Net Debt |
Latest Rio Tinto's Net Debt Growth Pattern
Below is the plot of the Net Debt of Rio Tinto ADR over the last few years. It is the total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds. Rio Tinto's Net Debt historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Rio Tinto's overall financial position and show how it may be relating to other accounts over time.
| Net Debt | 10 Years Trend |
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Net Debt |
| Timeline |
Rio Net Debt Regression Statistics
| Arithmetic Mean | 8,502,416,813 | |
| Geometric Mean | 6,070,579,923 | |
| Coefficient Of Variation | 69.66 | |
| Mean Deviation | 4,858,199,883 | |
| Median | 6,686,000,000 | |
| Standard Deviation | 5,923,150,421 | |
| Sample Variance | 35083710.9T | |
| Range | 19B | |
| R-Value | (0.48) | |
| Mean Square Error | 29114517.3T | |
| R-Squared | 0.23 | |
| Significance | 0.07 | |
| Slope | (634,381,666) | |
| Total Sum of Squares | 491171952.8T |
Rio Net Debt History
Other Fundumenentals of Rio Tinto ADR
Rio Tinto Net Debt component correlations
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About Rio Tinto Financial Statements
Rio Tinto investors utilize fundamental indicators, such as Net Debt, to predict how Rio Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Debt | 5.7 B | 8.4 B | |
| Net Debt To EBITDA | 0.27 | 0.25 |
Pair Trading with Rio Tinto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rio Tinto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rio Tinto will appreciate offsetting losses from the drop in the long position's value.Moving together with Rio Stock
| 0.83 | VALE | Vale SA ADR Aggressive Push | PairCorr |
Moving against Rio Stock
The ability to find closely correlated positions to Rio Tinto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rio Tinto when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rio Tinto - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rio Tinto ADR to buy it.
The correlation of Rio Tinto is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rio Tinto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rio Tinto ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rio Tinto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Rio Tinto Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rio Tinto. If investors know Rio will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rio Tinto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.133 | Dividend Share 4.349 | Earnings Share 6.58 | Revenue Per Share 33.396 | Quarterly Revenue Growth 0.005 |
The market value of Rio Tinto ADR is measured differently than its book value, which is the value of Rio that is recorded on the company's balance sheet. Investors also form their own opinion of Rio Tinto's value that differs from its market value or its book value, called intrinsic value, which is Rio Tinto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rio Tinto's market value can be influenced by many factors that don't directly affect Rio Tinto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rio Tinto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rio Tinto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rio Tinto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.