Newcrest Mining Balance Sheet Health
Financial Health criteria checks 5/6
Newcrest Mining has a total shareholder equity of $11.7B and total debt of $1.9B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $17.5B and $5.8B respectively. Newcrest Mining's EBIT is $993.0M making its interest coverage ratio 14.8. It has cash and short-term investments of $641.0M.
Key information
16.5%
Debt to equity ratio
US$1.94b
Debt
| Interest coverage ratio | 14.8x |
| Cash | US$641.00m |
| Equity | US$11.71b |
| Total liabilities | US$5.81b |
| Total assets | US$17.52b |
Recent financial health updates
Recent updates
Calculating The Fair Value Of Newcrest Mining Limited (ASX:NCM)
Oct 01
Newcrest Mining (ASX:NCM) Shareholders Will Want The ROCE Trajectory To Continue
Jul 20These 4 Measures Indicate That Newcrest Mining (ASX:NCM) Is Using Debt Reasonably Well
Apr 18Investors Will Want Newcrest Mining's (ASX:NCM) Growth In ROCE To Persist
Mar 21Newcrest Mining (ASX:NCM) Hasn't Managed To Accelerate Its Returns
Oct 24Financial Position Analysis
Short Term Liabilities: NCM's short term assets ($1.7B) exceed its short term liabilities ($984.0M).
Long Term Liabilities: NCM's short term assets ($1.7B) do not cover its long term liabilities ($4.8B).
Debt to Equity History and Analysis
Debt Level: NCM's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: NCM's debt to equity ratio has reduced from 26.7% to 16.5% over the past 5 years.
Debt Coverage: NCM's debt is well covered by operating cash flow (82.9%).
Interest Coverage: NCM's interest payments on its debt are well covered by EBIT (14.8x coverage).