Newmont Balance Sheet Health
Financial Health criteria checks 5/6
Newmont has a total shareholder equity of $29.9B and total debt of $8.6B, which brings its debt-to-equity ratio to 28.6%. Its total assets and total liabilities are $56.2B and $26.3B respectively. Newmont's EBIT is $3.1B making its interest coverage ratio 14.9. It has cash and short-term investments of $3.1B.
Key information
28.6%
Debt to equity ratio
US$8.55b
Debt
| Interest coverage ratio | 14.9x |
| Cash | US$3.06b |
| Equity | US$29.90b |
| Total liabilities | US$26.28b |
| Total assets | US$56.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N1EM34's short term assets ($12.6B) exceed its short term liabilities ($6.4B).
Long Term Liabilities: N1EM34's short term assets ($12.6B) do not cover its long term liabilities ($19.9B).
Debt to Equity History and Analysis
Debt Level: N1EM34's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: N1EM34's debt to equity ratio has reduced from 30.1% to 28.6% over the past 5 years.
Debt Coverage: N1EM34's debt is well covered by operating cash flow (52.3%).
Interest Coverage: N1EM34's interest payments on its debt are well covered by EBIT (14.9x coverage).