Newmont Balance Sheet Health
Financial Health criteria checks 5/6
Newmont has a total shareholder equity of $29.6B and total debt of $8.7B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are $55.7B and $26.1B respectively. Newmont's EBIT is $2.1B making its interest coverage ratio 12.1. It has cash and short-term investments of $2.7B.
Key information
29.4%
Debt to equity ratio
US$8.69b
Debt
| Interest coverage ratio | 12.1x |
| Cash | US$2.65b |
| Equity | US$29.56b |
| Total liabilities | US$26.12b |
| Total assets | US$55.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEM's short term assets ($12.1B) exceed its short term liabilities ($5.7B).
Long Term Liabilities: NEM's short term assets ($12.1B) do not cover its long term liabilities ($20.4B).
Debt to Equity History and Analysis
Debt Level: NEM's net debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: NEM's debt to equity ratio has reduced from 29.9% to 29.4% over the past 5 years.
Debt Coverage: NEM's debt is well covered by operating cash flow (44%).
Interest Coverage: NEM's interest payments on its debt are well covered by EBIT (12.1x coverage).