What Does BHP Group's Debt Look Like?
Portfolio Pulse from Benzinga Insights
BHP Group Inc. (NYSE:BHP) has seen its shares rise by 3.87% over the past three months. The company's total debt stands at $46.58 billion, with long-term debt at $40.16 billion and current debt at $6.42 billion. After adjusting for $10.32 billion in cash-equivalents, the net debt is $36.26 billion. BHP Group's total assets amount to $118.95 billion, resulting in a debt-ratio of 0.39. Debt is a crucial factor in a company's capital structure and can help it achieve growth.
July 18, 2023 | 6:30 pm
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BHP Group's total debt is $46.58 billion, with a debt-ratio of 0.39. This indicates a moderate level of financial leverage, which can be beneficial for growth but also carries risks if interest rates increase.
BHP Group's debt-ratio of 0.39 indicates a moderate level of financial leverage. While this can help the company achieve growth by allowing it to use additional capital for business operations, it also carries the risk of default if interest rates increase. However, the impact on the stock price in the short term is uncertain as it depends on various factors including the overall market conditions and investor sentiment towards the company.
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