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Our capital and liquidity (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of issued capital Our total capital as at 31 December is shown in the table below.
Note
2024
US$m
2023
US$m
Equity attributable to owners of Rio Tinto (see consolidated balance sheet)
55,246
54,586
Equity attributable to non-controlling interests (see consolidated balance sheet)
2,719
1,755
Net debt
19
5,491
4,231
Total capital
63,456
60,572
Summary of credit ratings Our credit ratings as at 31 December, as provided by Standard & Poor’s and Moody’s Investor Services, were:
2024
2023
Long-term rating
A/A1
A/A1
Short-term rating
A-1/P-1
A-1/P-1
Outlook
Stable/Stable
Stable/Stable
Summary of financial liability analysis In the table below, we summarise the maturity profile of our financial liabilities on our balance sheet based on contractual undiscounted
payments as at 31 December. When the amount payable is not fixed, the amount disclosed is determined by reference to the conditions existing
at the end of the reporting period. This will, therefore, not necessarily agree with the amounts disclosed as the carrying value.
2024
2023
(Outflows)/Inflows
Within 1
year or on
demand
US$m
Between
1 and 2
years
US$m
Between 2
and 5
years
US$m
After
5 years
US$m
Total
US$m
Within 1
year or on
demand
US$m
Between
1 and 2
years
US$m
Between
2 and 5
years
US$m
After
5 years
US$m
Total
US$m
Non-derivative financial liabilities
Trade and other financial payables(a)
(6,032)
(30)
(43)
(307)
(6,412)
(5,769)
(57)
(68)
(308)
(6,202)
Expected lease liability payments
(398)
(306)
(488)
(551)
(1,743)
(385)
(285)
(442)
(574)
(1,686)
Borrowings before swaps
(185)
(630)
(3,007)
(8,854)
(12,676)
(845)
(17)
(2,385)
(10,011)
(13,258)
Expected future interest payments(a)
(748)
(729)
(1,873)
(4,260)
(7,610)
(803)
(781)
(2,156)
(4,886)
(8,626)
Other financial liabilities
–
–
–
–
–
(4)
–
–
–
(4)
Derivative financial liabilities(b)
Derivatives related to net debt – net settled
(78)
(50)
(86)
(17)
(231)
(161)
(87)
(163)
–
(411)
Derivatives related to net debt – gross settled(a)
–gross inflows
13
25
701
–
739
502
26
77
664
1,269
–gross outflows
(34)
(34)
(909)
–
(977)
(620)
(34)
(102)
(841)
(1,597)
Derivatives not related to net debt – net settled
(81)
(33)
(117)
(149)
(380)
(76)
(54)
(124)
(54)
(308)
Derivatives not related to net debt – gross settled
–gross inflows
240
–
–
–
240
499
–
–
–
499
–gross outflows
(240)
–
–
–
(240)
(501)
–
–
–
(501)
Total
(7,543)
(1,787)
(5,822)
(14,138)
(29,290)
(8,163)
(1,289)
(5,363)
(16,010)
(30,825)
(a)The interest payable at the year-end is removed from trade and other financial payables and shown within expected future interest payments and derivatives related to net debt. Interest payments
have been projected using interest rates applicable at the end of the applicable financial year. Where debt is subject to variable interest rates, future interest payments are subject to change in line
with market rates.
(b)The maturity grouping is based on the earliest payment date.
Our weighted average debt maturity including leases and derivatives related to debt was approximately 11 years (2023: 12 years).