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What is FCX's Net Debt?

  Freeport-McMoRan Inc ( FCX ) |
1994 - 2021 (28 years)

Net Debt is 
$27.9B (1Y -8.53% )

FCX Stock Price & Net Debt

Net Debt for FCX competitors.
TECK BBL RIO APC NEM BHP SCCO VALE
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Net Debt

chevron_right 2021 $6.1B +6.2x
( +7.3% / year avg)
chevron_left 1994 $838.7M
vertical_align_top Peak $79.1B +62.8x *
vertical_align_bottom Bottom -$1.3B
arrow_drop_up # Up Years 13 13 of 28
years up.
arrow_drop_down # Down Years 15
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • FCX's stock price has rallied +111% from $7.73 in 1994 , or +0.02x the rate relative to it's net debt over the same period.
  • If FCX grows it's stock at the same rate as it's net debt (+7.3%/year) , it's stock price will grow +202% and hit $33.1 over the next 10 years.
  • FCX's stock price has gone up 5 of the 13 years (+38%) it's net debt were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • FCX Historical Net Debt Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Net Debt YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $6,054 -81.3% $16.36 80.4%
    4/1/2020 $32,354 11.7% $9.07 -5.3%
    4/1/2019 $28,961 -4.8% $9.58 -41.7%
    4/1/2018 $30,413 -30.3% $16.42 47.5%
    4/1/2017 $43,656 -43.7% $11.14 3.7%
    4/1/2016 $77,491 -2.0% $10.74 -42.8%
    4/1/2015 $79,065 3.8% $18.79 -40.3%
    4/1/2014 $76,146 105.0% $31.45 19.2%
    4/1/2013 $37,144 -3004.1% $26.38 0.4%
    4/1/2012 $-1,279 70.5% $26.28 -36.3%
    4/1/2011 $-750 -105.7% $41.24 52.7%
    4/1/2010 $13,192 -52.3% $27.0 29.2%
    4/1/2009 $27,633 19.9% $20.91 -52.1%
    4/1/2008 $23,048 1.3% $43.68 49.2%
    4/1/2007 $22,748 903.4% $29.28 49.9%
    4/1/2006 $2,267 -55.1% $19.54 67.2%
    4/1/2005 $5,048 -27.2% $11.69 9.7%
    4/1/2004 $6,938 -9.7% $10.65 55.7%
    4/1/2003 $7,687 14.1% $6.84 11.7%
    4/1/2002 $6,740 -20.6% $6.12 26.0%
    4/1/2001 $8,490 -3.5% $4.86 70.6%
    4/1/2000 $8,798 -23.5% $2.85 -40.0%
    4/1/1999 $11,505 54.0% $4.75 -18.2%
    4/1/1998 $7,471 -8.1% $5.81 -33.8%
    4/1/1997 $8,132 15.1% $8.77 -9.7%
    4/1/1996 $7,063 134.1% $9.71 25.6%
    4/1/1995 $3,017 259.7% $7.73 0.0%
    4/1/1994 $838 - $7.73 -

  • About
    Industry: Copper
    Sector: Basic Materials
    Country: US
    IPO Date: 5/5/1988
    Stonk Exchange: NYSE
    • Freeport-McMoRan, Inc
    • engages in the mining of copper, gold, and molybdenum.
    • The company is headquartered in Phoenix, Arizona and currently employs 26,800 full-time employees.
    • The firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
    • The firm's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
    • The firm's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.
    • S
    • ) Oil and Gas Operations
    • The firm has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines.
    • The firm's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

  • Net debt is a liquidity metric used to determine how well a company can pay all of its debts if they were due immediately. Net debt shows much debt a company has on its balance sheet compared to its liquid assets. Net debt shows how much cash would remain if all debts were paid off and if a company has enough liquidity to meet its debt obligations.

    For more detailed definitions, please see Investopedia.