Newmont Balance Sheet Health
Financial Health criteria checks 5/6
Newmont has a total shareholder equity of $32.3B and total debt of $7.1B, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are $55.2B and $22.9B respectively. Newmont's EBIT is $8.0B making its interest coverage ratio 52.6. It has cash and short-term investments of $6.7B.
Key information
22.09%
Debt to equity ratio
US$7.13b
Debt
| Interest coverage ratio | 52.6x |
| Cash | US$6.65b |
| Equity | US$32.29b |
| Total liabilities | US$22.88b |
| Total assets | US$55.17b |
Recent financial health updates
Recent updates
From Big Gains To Big Concerns: Why I Just Dumped Newmont Again
Jul 11
Gold Mining Projects Will Drive Future Value Amid Operational Risks
Elevated gold prices and strategic portfolio optimization position Newmont for stronger revenue, improved efficiency, and enhanced long-term profitability.Upgrade: Analysts Just Made A Meaningful Increase To Their Newmont Corporation (NYSE:NEM) Forecasts
May 01
Here's Why Shareholders May Want To Be Cautious With Increasing Newmont Corporation's (NYSE:NEM) CEO Pay Packet
Apr 23Newmont: Much Upside Possible Despite Production Pullback
Apr 20Newmont Corporation's (NYSE:NEM) 26% Share Price Surge Not Quite Adding Up
Apr 12
Narrative update from Stjepan Kalinic
All-Time High Gold Price Can Boost Cash FlowsGold has been surging to new all-time highs seemingly every week, passing the landmark $3,100 per ounce record. A mix of global economic uncertainty, centrNewmont Corporation: Copper Or Gold (Technical Analysis)
Mar 24Narrative update from Stjepan Kalinic
Higher Production But Lagging Cost ControlNewmont beat production targets, achieving 6.8 million ounces of gold and 150,000 tons of copper. Following the acquisition of Newcrest, the firm embarked onShareholders Can Be Confident That Newmont's (NYSE:NEM) Earnings Are High Quality
Mar 03Newmont: A Better Q4, But A Disappointing Outlook
Mar 03Newmont Corporation's (NYSE:NEM) Shares May Have Run Too Fast Too Soon
Feb 20Newmont: 2025 Comeback Story Is Showing Promise
Feb 07Returns At Newmont (NYSE:NEM) Are On The Way Up
Feb 02Newmont: This Is How We Are Betting On Gold
Jan 06Are Investors Undervaluing Newmont Corporation (NYSE:NEM) By 32%?
Dec 28Newmont: A Safe Bet For My Growth-Heavy Portfolio
Dec 26Newmont: A Promising Turnaround Opportunity
Dec 05Newmont: 3 Reasons For Upside After Overcorrection
Nov 29Newmont Corporation's (NYSE:NEM) Popularity With Investors Under Threat As Stock Sinks 27%
Nov 15We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Nov 13Newmont: The Top Risk-Adjusted Gold Miner To Buy Today
Nov 11Narrative update from Stjepan Kalinic
Some assets like Boddington and Lihir experienced reduced production due to waste stripping and lower ore grades, typical during preparation phases – as production at Lihir should climb toward 1 milliNewmont: Improved Free Cash Flow Generation On The Back Of Record Gold Prices
Oct 245 Reasons Newmont Is Still A Buy
Sep 30Does This Valuation Of Newmont Corporation (NYSE:NEM) Imply Investors Are Overpaying?
Sep 23Financial Position Analysis
Short Term Liabilities: NEM's short term assets ($10.4B) exceed its short term liabilities ($4.7B).
Long Term Liabilities: NEM's short term assets ($10.4B) do not cover its long term liabilities ($18.2B).
Debt to Equity History and Analysis
Debt Level: NEM's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: NEM's debt to equity ratio has reduced from 26.3% to 22.1% over the past 5 years.
Debt Coverage: NEM's debt is well covered by operating cash flow (120.2%).
Interest Coverage: NEM's interest payments on its debt are well covered by EBIT (52.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/10 10:10 |
| End of Day Share Price | 2025/08/08 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Newmont Corporation is covered by 72 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Coleman | Argus Research Company |
| Farooq Hamed | Barclays |
| Mollie Urquhart | Barrenjoey Markets Pty Limited |