Newmont Balance Sheet Health

Financial Health criteria checks 5/6

Newmont has a total shareholder equity of $29.2B and total debt of $8.9B, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are $55.5B and $26.3B respectively. Newmont's EBIT is $708.0M making its interest coverage ratio 7.5. It has cash and short-term investments of $3.0B.

Key information

30.4%

Debt to equity ratio

US$8.87b

Debt

Interest coverage ratio7.5x
CashUS$3.03b
EquityUS$29.21b
Total liabilitiesUS$26.30b
Total assetsUS$55.51b

Recent financial health updates

Recent updates

Newmont: I Am Adding This 3% Yielding Miner To My Portfolio

Mar 18

Looking For A Spark: Newmont Corporation (Technical Analysis)

Mar 08

Newmont Q4 Results: Don't Miss The Forest For The Trees

Feb 22

Newmont: Asymmetric Risk/Reward Makes It A Strong Buy Here

Feb 10

Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing

Jan 26
Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing

Buy The Plunge In Newmont: Get Gold Exposure And A Near 5% Yield

Jan 22

Global Leader In Gold Seeks To Dig Out Copper Niche

Jan 09

Is Newmont (NYSE:NEM) A Risky Investment?

Jan 04
Is Newmont (NYSE:NEM) A Risky Investment?

Gold Is My Highest Conviction Pick For 2024: Consider Newmont Stock

Jan 02

Newmont Corporation's (NYSE:NEM) Intrinsic Value Is Potentially 44% Above Its Share Price

Dec 14
Newmont Corporation's (NYSE:NEM) Intrinsic Value Is Potentially 44% Above Its Share Price

Newmont: Brighter Macro Conditions, Better Technical Factors Warrant An Upgrade

Nov 27

Newmont: An Opportunity To Buy At The Deepest Discount In Years

Oct 26

These 4 Measures Indicate That Newmont (NYSE:NEM) Is Using Debt Reasonably Well

Oct 06
These 4 Measures Indicate That Newmont (NYSE:NEM) Is Using Debt Reasonably Well

Newmont: The Biggest But Not The Best Gold Major

Oct 02

Newmont: Sitting At Trough Multiple Ahead Of Margin Recovery

Sep 12

Is There An Opportunity With Newmont Corporation's (NYSE:NEM) 48% Undervaluation?

Sep 11
Is There An Opportunity With Newmont Corporation's (NYSE:NEM) 48% Undervaluation?

Why I Believe That Newmont Could Triple

Aug 28

Financial Position Analysis

Short Term Liabilities: NEM's short term assets ($7.5B) exceed its short term liabilities ($6.0B).

Long Term Liabilities: NEM's short term assets ($7.5B) do not cover its long term liabilities ($20.3B).


Debt to Equity History and Analysis

Debt Level: NEM's net debt to equity ratio (20%) is considered satisfactory.

Reducing Debt: NEM's debt to equity ratio has reduced from 37% to 30.4% over the past 5 years.

Debt Coverage: NEM's debt is well covered by operating cash flow (31.1%).

Interest Coverage: NEM's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


Discover healthy companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.