Newmont Balance Sheet Health
Financial Health criteria checks 5/6
Newmont has a total shareholder equity of $29.1B and total debt of $8.9B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are $55.3B and $26.3B respectively. Newmont's EBIT is $1.2B making its interest coverage ratio 9.6. It has cash and short-term investments of $2.4B.
Key information
30.7%
Debt to equity ratio
US$8.93b
Debt
Interest coverage ratio | 9.6x |
Cash | US$2.36b |
Equity | US$29.08b |
Total liabilities | US$26.26b |
Total assets | US$55.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NEM's short term assets ($11.8B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: NEM's short term assets ($11.8B) do not cover its long term liabilities ($20.8B).
Debt to Equity History and Analysis
Debt Level: NEM's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: NEM's debt to equity ratio has reduced from 35.1% to 30.7% over the past 5 years.
Debt Coverage: NEM's debt is well covered by operating cash flow (34.2%).
Interest Coverage: NEM's interest payments on its debt are well covered by EBIT (9.6x coverage).