Is Glencore financially healthy?
Not really
Glencore carries heavy debt: it would take 3.7 years of earnings to pay it off.
The numbers behind it
Net debt / EBITDA3.7 years
Cash vs. debt£2.9B vs. £41.5B
Current ratio1.1×Short-term assets for each £1 of bills due within a year
Interest coverage1.1×How many times operating profit covers the interest bill
How we decide
We measure debt in years of earnings (net debt / EBITDA): under 1 is very comfortable, 1 to 3 is manageable, above 3 is heavy. A company that earns less than 3 times its interest bill also counts as weak.
More questions about Glencore
Data as of Nov 13, 2026.