Newmont Financial Health
How is Newmont's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: NEM's short term assets ($6.3B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: NEM's short term assets ($6.3B) do not cover its long term liabilities ($15.4B).
Debt to Equity History and Analysis
Debt Level: NEM's net debt to equity ratio (8.2%) is considered satisfactory.
Reducing Debt: NEM's debt to equity ratio has reduced from 33% to 26% over the past 5 years.
Debt Coverage: NEM's debt is well covered by operating cash flow (63%).
Interest Coverage: NEM's interest payments on its debt are well covered by EBIT (6.5x coverage).