Rio Tinto Group (RIO) Balance Sheet
RIO balance sheet, 2025
December 31, 2025 · U.S. dollars$128.10B assets = $61.08B liabilities + $67.02B equity
Both columns are drawn to the same scale: what RIO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RIO financial health
Descriptive bands, not a rating. Fiscal 2025.
RIO balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $89.26B2016 | $128.10B2025 | +4.1%/yr | |
| Total liabilities | $43.53B2016 | $61.08B2025 | +3.8%/yr | |
| Shareholders’ equity | $39.29B2016 | $62.20B2025 | +5.2%/yr | |
| Cash & short-term investments | $8.56B2016 | $9.45B2025 | +1.1%/yr | |
| Total debt | $18.39B2016 | $23.52B2025 | +2.8%/yr | |
| Net cash (debt) | −$9.83B2016 | −$14.07B2025 | −$4.2B | |
| Working capital | $5.69B2016 | $6.64B2025 | +$953.0M | |
| Book value per share | $21.722016 | $37.972025 | +6.4%/yr | |
| Current ratio | 1.602016 | 1.442025 | −0.16 | |
| Debt / equity | 0.472016 | 0.382025 | −0.09 | |
| Shares outstanding | 1.81B2016 | 1.64B2025 | −1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RIO assets
RIO liabilities and equity
RIO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RIO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $9.45B | $7.20B | $10.75B | $8.94B | $15.35B | $13.23B | $10.70B | $13.46B | $11.63B | $8.56B |
| Cash & equivalents | $8.87B | $6.83B | $9.67B | $6.78B | $12.81B | $10.38B | $8.03B | $10.77B | $10.55B | $8.20B |
| Short-term investments | $548.0M | $370.0M | $1.08B | $2.16B | $2.54B | $2.85B | $2.67B | $2.69B | $1.08B | $359.0M |
| Receivables | $5.16B | $3.52B | $3.47B | $3.37B | $3.12B | $3.40B | $2.92B | $3.07B | $3.29B | $3.29B |
| Inventory | $6.97B | $5.86B | $6.66B | $6.21B | $5.44B | $3.92B | $3.46B | $3.45B | $3.47B | $2.94B |
| Other current assets | $0 | $2.54B | $629.0M | $455.0M | $529.0M | $305.0M | $219.0M | $920.0M | $773.0M | $297.0M |
| Total current assets | $21.57B | $19.12B | $21.51B | $18.97B | $24.43B | $20.86B | $17.30B | $20.90B | $19.17B | $15.09B |
| Property, plant & equipment (net) | $84.31B | $69.14B | $66.47B | $64.73B | $64.93B | $62.88B | $57.37B | $56.36B | $62.09B | $58.85B |
| Goodwill & intangible assets | $8.18B | $2.97B | $3.21B | $4.47B | $3.71B | $3.70B | $3.56B | $3.69B | $4.16B | $4.23B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $4.26B | $4.61B | $4.72B | $5.29B |
| Other non-current assets | $14.05B | $11.56B | $12.36B | $8.57B | $9.83B | $9.95B | $5.31B | $5.39B | $5.59B | $5.80B |
| Total assets | $128.10B | $102.79B | $103.55B | $96.74B | $102.90B | $97.39B | $87.80B | $90.95B | $95.73B | $89.26B |
| Liabilities | ||||||||||
| Accounts payable | $10.13B | $3.20B | $3.27B | $3.27B | $3.41B | $3.12B | $2.85B | $3.18B | $3.25B | $2.79B |
| Short-term debt | $1.26B | $534.0M | $1.17B | $1.22B | $1.14B | $584.0M | $1.02B | $1.08B | $552.0M | $717.0M |
| Deferred revenue | — | — | $280.0M | $333.0M | $399.0M | $344.0M | $200.0M | $3.19B | $3.38B | $2.11B |
| Total current liabilities | $14.93B | $11.74B | $12.74B | $11.60B | $12.63B | $11.61B | $11.12B | $10.87B | $11.35B | $9.40B |
| Long-term debt | $22.26B | $13.32B | $13.18B | $11.06B | $12.39B | $13.25B | $13.09B | $12.44B | $14.62B | $16.91B |
| Lease obligations | $1.59B | $1.41B | $1.35B | $1.20B | $1.36B | $1.18B | $1.31B | $44.0M | $53.0M | $45.0M |
| Other long-term liabilities | $23.89B | $19.76B | $21.28B | $21.81B | $21.28B | $20.63B | $18.34B | $17.82B | $18.64B | $17.22B |
| Total liabilities | $61.08B | $44.82B | $47.21B | $44.47B | $46.31B | $45.49B | $42.56B | $41.13B | $44.61B | $43.53B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.50B | $3.27B | $3.58B | $3.54B | $3.78B | $3.99B | $3.65B | $3.69B | $4.36B | $4.14B |
| Retained earnings (deficit) | $46.58B | $42.54B | $38.35B | $34.51B | $33.34B | $26.79B | $23.39B | $27.02B | $23.76B | $21.63B |
| Accumulated other comprehensive income | $7.79B | $5.11B | $8.33B | $7.80B | $10.00B | $11.96B | $9.18B | −$50.05B | −$56.06B | −$50.86B |
| Minority interest | $4.82B | $2.72B | $1.75B | $2.11B | — | — | — | — | — | — |
| Total shareholders' equity | $62.20B | $55.25B | $54.59B | $50.17B | $51.43B | $47.05B | $40.53B | $43.69B | $44.71B | $39.29B |
| Key figures | ||||||||||
| Total debt | $23.52B | $13.86B | $14.35B | $12.27B | $13.53B | $14.02B | $14.71B | $13.92B | $16.05B | $18.39B |
| Net cash (debt) | −$14.07B | −$6.66B | −$3.60B | −$3.34B | $1.82B | −$783.0M | −$4.02B | −$455.0M | −$4.42B | −$9.83B |
| Working capital | $6.64B | $7.38B | $8.77B | $7.37B | $11.80B | $9.25B | $6.18B | $10.04B | $7.82B | $5.69B |
| Tangible book value | $54.03B | $52.28B | $51.38B | $45.70B | $47.72B | $43.35B | $36.97B | $39.99B | $40.55B | $35.06B |
| Book value per share | $37.97 | $33.82 | $33.46 | $30.79 | $31.57 | $28.89 | $24.68 | $25.23 | $24.85 | $21.72 |
| Shares outstanding | 1.64B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B | 1.64B | 1.73B | 1.80B | 1.81B |
| Current ratio | 1.44 | 1.63 | 1.69 | 1.64 | 1.93 | 1.80 | 1.56 | 1.92 | 1.69 | 1.60 |
| Quick ratio | 0.98 | 0.91 | 1.12 | 1.06 | 1.46 | 1.43 | 1.22 | 1.52 | 1.32 | 1.26 |
| Debt / equity | 0.38 | 0.25 | 0.26 | 0.24 | 0.26 | 0.30 | 0.36 | 0.32 | 0.36 | 0.47 |
| Equity / assets | 48.6% | 53.7% | 52.7% | 51.9% | 50.0% | 48.3% | 46.2% | 48.0% | 46.7% | 44.0% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $9.51B | $9.45B | $9.33B | $7.20B | $9.82B | $9.78B | $10.51B | $8.94B | $13.91B | $15.35B |
| Cash & equivalents | $8.91B | $8.87B | $9.02B | $6.83B | $9.26B | $8.70B | $9.18B | $6.78B | $11.41B | $12.81B |
| Short-term investments | $594.0M | $548.0M | $319.0M | $370.0M | $569.0M | $1.08B | $1.33B | $2.16B | $2.50B | $2.54B |
| Receivables | $225.0M | $5.16B | $221.0M | $3.52B | $3.88B | $3.47B | $3.85B | $3.37B | $3.71B | $3.12B |
| Inventory | $7.73B | $6.97B | $6.83B | $5.86B | $6.52B | $6.66B | $6.42B | $6.21B | $5.80B | $5.44B |
| Other current assets | $4.66B | $0 | $4.57B | $2.54B | $196.0M | $1.60B | $0 | $455.0M | $0 | $529.0M |
| Total current assets | $22.13B | $21.57B | $20.96B | $19.12B | $20.42B | $21.51B | $20.78B | $18.97B | $23.42B | $24.43B |
| Property, plant & equipment (net) | $88.03B | $84.31B | $79.13B | $69.14B | $66.58B | $68.45B | $63.10B | $64.73B | $64.38B | $64.93B |
| Goodwill & intangible assets | $8.10B | $8.18B | $7.72B | $2.97B | $4.56B | $3.21B | $4.47B | $4.47B | $4.46B | $3.71B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $15.24B | $14.05B | $12.99B | $11.56B | $10.33B | $10.38B | $9.20B | $8.57B | $9.65B | $9.83B |
| Total assets | $133.50B | $128.10B | $120.81B | $102.79B | $101.89B | $103.55B | $97.56B | $96.74B | $101.91B | $102.90B |
| Liabilities | ||||||||||
| Accounts payable | $9.71B | $10.13B | $9.23B | $3.21B | $7.69B | $3.27B | $7.63B | $3.27B | $7.99B | $3.41B |
| Short-term debt | $1.73B | $1.26B | $875.0M | $534.0M | $1.10B | $1.17B | $474.0M | $1.22B | $1.41B | $1.14B |
| Deferred revenue | — | — | — | — | $227.0M | — | — | — | — | −$4.32B |
| Total current liabilities | $15.54B | $14.93B | $13.74B | $11.74B | $12.03B | $12.74B | $10.45B | $11.60B | $13.11B | $12.63B |
| Long-term debt | $20.19B | $21.20B | $21.58B | $12.26B | $13.20B | $13.18B | $13.60B | $11.06B | $11.45B | $12.39B |
| Lease obligations | $1.44B | $1.59B | $1.61B | $1.41B | $1.42B | $1.35B | $1.23B | $1.20B | — | $1.36B |
| Other long-term liabilities | $26.07B | $24.95B | $23.52B | $20.82B | $19.49B | $21.28B | $20.15B | $21.81B | $20.25B | $21.28B |
| Total liabilities | $61.80B | $61.08B | $58.84B | $44.82B | $44.72B | $47.21B | $44.20B | $44.47B | $44.81B | $46.31B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3.59B | $3.50B | $3.42B | $3.27B | $3.48B | $3.58B | $3.47B | $3.54B | $3.59B | $3.78B |
| Retained earnings (deficit) | $49.29B | $46.58B | $43.38B | $42.54B | $40.15B | $38.35B | $36.43B | $34.51B | $34.08B | $33.34B |
| Accumulated other comprehensive income | $8.25B | $7.79B | $7.08B | $5.11B | $7.29B | $8.33B | $7.40B | $7.80B | $8.56B | $10.00B |
| Minority interest | $6.24B | $4.82B | $3.76B | $2.72B | — | — | — | — | — | — |
| Total shareholders' equity | $65.46B | $62.20B | $58.20B | $55.25B | $55.25B | $54.59B | $51.62B | $50.17B | $50.56B | $51.43B |
| Key figures | ||||||||||
| Total debt | $22.85B | $23.52B | $23.64B | $13.86B | $14.30B | $14.35B | $14.08B | $12.27B | $13.75B | $13.53B |
| Net cash (debt) | −$13.35B | −$14.07B | −$14.31B | −$6.66B | −$4.47B | −$4.58B | −$3.57B | −$3.34B | $168.0M | $1.82B |
| Working capital | $6.59B | $6.64B | $7.22B | $7.38B | $8.39B | $8.77B | $10.33B | $7.37B | $10.31B | $11.80B |
| Tangible book value | $57.37B | $54.03B | $50.48B | $52.28B | $50.70B | $51.38B | $47.15B | $45.70B | $46.10B | $47.72B |
| Book value per share | $39.91 | $37.97 | $35.54 | $33.80 | $33.85 | $33.43 | $31.67 | $30.75 | $31.04 | $31.57 |
| Shares outstanding | 1.64B | 1.64B | 1.64B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B | 1.63B |
| Current ratio | 1.42 | 1.44 | 1.53 | 1.63 | 1.70 | 1.69 | 1.99 | 1.64 | 1.79 | 1.93 |
| Quick ratio | 0.63 | 0.98 | 0.70 | 0.91 | 1.14 | 1.04 | 1.37 | 1.06 | 1.34 | 1.46 |
| Debt / equity | 0.35 | 0.38 | 0.41 | 0.25 | 0.26 | 0.26 | 0.27 | 0.24 | 0.27 | 0.26 |
| Equity / assets | 49.0% | 48.6% | 48.2% | 53.7% | 54.2% | 52.7% | 52.9% | 51.9% | 49.6% | 50.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.
RIO financial position
At the end of fiscal 2025 (December 31, 2025), Rio Tinto had total assets of $128.1 billion (up 24.6% from a year earlier), total liabilities of $61.1 billion and shareholders' equity of $62.2 billion. It held $9.4 billion in cash and short-term investments against $23.5 billion of debt, net debt of $14.1 billion. Its current ratio was 1.44. In the latest quarter (ended June 30, 2026) total assets were $133.5 billion and equity $65.5 billion.
Related: RIO income statement, RIO cash flow statement, RIO key metrics. See the RIO stock overview for the latest quote and news.
RIO balance sheet FAQ
What are Rio Tinto's total assets?
Rio Tinto reported total assets of $128.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $102.8 billion a year earlier.
How much debt does Rio Tinto have?
Rio Tinto had $23.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.38.
How much cash does Rio Tinto have?
Rio Tinto held $9.4 billion in cash and short-term investments at the end of fiscal 2025; with $23.5 billion of debt that is net debt of $14.1 billion.
What is Rio Tinto's book value?
Rio Tinto's shareholders' equity (book value) was $62.2 billion at the end of fiscal 2025, or $37.97 per share.
What is Rio Tinto's current ratio?
Rio Tinto had current assets of $21.6 billion and current liabilities of $14.9 billion, a current ratio of 1.44 (it can cover its short-term obligations).
How much goodwill does Rio Tinto have?
Rio Tinto carried $8.2 billion of goodwill and intangible assets, 6.4% of total assets, at the end of fiscal 2025.