Vale S.A. (VALE) | Debt and Solvency

Ratios (Summary)

You have visited 10 password protected pages for free. Others contain data covered by .

Sign Up Now to get full access to whole website and cut out all advertisements.

Vale S.A., debt and solvency ratios

Source: Based on data from Vale S.A. Annual Reports

Ratio	Description	The company
Debt-to-equity ratio	A solvency ratio calculated as total debt divided by total shareholders' equity.	Vale S.A.'s debt-to-equity ratio improved from 2008 to 2009 and from 2009 to 2010.
Debt-to-capital ratio	A solvency ratio calculated as total debt divided by total debt plus shareholders' equity.	Vale S.A.'s debt-to-capital ratio improved from 2008 to 2009 and from 2009 to 2010.
Interest coverage ratio	A solvency ratio calculated as EBIT divided by interest payments.	Vale S.A.'s interest coverage ratio deteriorated from 2008 to 2009 but then improved from 2009 to 2010 exceeding 2008 level.

You have visited 10 password protected pages for free. Others contain data covered by .

Sign Up Now to get full access to whole website and cut out all advertisements.

		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Selected Financial Data (USD $ in millions)
	Short-term debt
	Current portion of long-term debt
	Long-term debt
	Total debt
	Company stockholders’ equity
	Debt to Equity, Comparison to Industry
	Vale S.A.¹
	Industry, Basic Materials

Source: Based on data from Vale S.A. Annual Reports

2010 Calculations

¹ Debt to equity = Total debt ÷ Company stockholders’ equity
= ÷ =

Ratio	Description	The company
Debt-to-equity ratio	A solvency ratio calculated as total debt divided by total shareholders' equity.	Vale S.A.'s debt-to-equity ratio improved from 2008 to 2009 and from 2009 to 2010.

You have visited 10 password protected pages for free. Others contain data covered by .

Sign Up Now to get full access to whole website and cut out all advertisements.

		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Selected Financial Data (USD $ in millions)
	Short-term debt
	Current portion of long-term debt
	Long-term debt
	Total debt
	Company stockholders’ equity
	Total capital
	Debt to Capital, Comparison to Industry
	Vale S.A.¹
	Industry, Basic Materials

Source: Based on data from Vale S.A. Annual Reports

2010 Calculations

¹ Debt to capital = Total debt ÷ Total capital
= ÷ =

Ratio	Description	The company
Debt-to-capital ratio	A solvency ratio calculated as total debt divided by total debt plus shareholders' equity.	Vale S.A.'s debt-to-capital ratio improved from 2008 to 2009 and from 2009 to 2010.

You have visited 10 password protected pages for free. Others contain data covered by .

Sign Up Now to get full access to whole website and cut out all advertisements.

		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Selected Financial Data (USD $ in millions)
	Net income attributable to the Company’s stockholders
	Add: Net income attributable to noncontrolling interests
	Add: Financial expenses
	Add: Income tax expense (benefit)
	Earnings before interest and tax (EBIT)
	Interest Coverage, Comparison to Industry
	Vale S.A.¹
	Industry, Basic Materials

Source: Based on data from Vale S.A. Annual Reports

2010 Calculations

¹ Interest coverage = EBIT ÷ Interest expense
= ÷ =

Ratio	Description	The company
Interest coverage ratio	A solvency ratio calculated as EBIT divided by interest payments.	Vale S.A.'s interest coverage ratio deteriorated from 2008 to 2009 but then improved from 2009 to 2010 exceeding 2008 level.