Fortescue Metals Group Limited

ASX FMG.AX

Fortescue Metals Group Limited Debt to Equity Ratio for the year ending June 30, 2024: 0.28

Fortescue Metals Group Limited Debt to Equity Ratio is 0.28 for the year ending June 30, 2024, a -6.63% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Fortescue Metals Group Limited Debt to Equity Ratio for the year ending June 30, 2023 was 0.30, a -15.97% change year over year.
Fortescue Metals Group Limited Debt to Equity Ratio for the year ending June 30, 2022 was 0.35, a 46.76% change year over year.
Fortescue Metals Group Limited Debt to Equity Ratio for the year ending June 30, 2021 was 0.24, a -37.93% change year over year.
Fortescue Metals Group Limited Debt to Equity Ratio for the year ending June 30, 2020 was 0.39, a 3.53% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

ASX: FMG.AX

Fortescue Metals Group Limited

CEO	Mr. Dino Otranto
IPO Date	July 26, 1999
Location	Australia
Headquarters	87 Adelaide Terrace
Employees	13,690
Sector	Materials
Industries Mining Coal Copper Gold

Description

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador, Argentina, Colombia, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.

Key trends

Past 5 years