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
We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Nov 13
We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Jun 04Recent updates
Newmont Corporation's (NYSE:NEM) Popularity With Investors Under Threat As Stock Sinks 27%
Nov 15We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Nov 13Newmont: The Top Risk-Adjusted Gold Miner To Buy Today
Nov 11Newmont: Improved Free Cash Flow Generation On The Back Of Record Gold Prices
Oct 245 Reasons Newmont Is Still A Buy
Sep 30Does This Valuation Of Newmont Corporation (NYSE:NEM) Imply Investors Are Overpaying?
Sep 23Newmont Corporation: Valuation Driven By Investor FOMO
Sep 06Newmont's (NYSE:NEM) Returns On Capital Are Heading Higher
Sep 05Newmont: The 'Time Has Come' As Powell Signals Cut
Aug 26Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing
Aug 13Results: Newmont Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Jul 26Let's Preview Newmont's Q2 Earnings
Jul 23Teck Resources And Newmont Corp: A Golden Long/Short In The Mining Space
Jul 082 Of My Top Gold Stocks For This Gold Bull Market: Newmont And Sandstorm
Jun 26Newmont: Why It Could Be A Great Time To Take Profits
Jun 12We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Jun 04Newmont: Recent M&A Pushes Reserves To Record Highs
Jun 02Newmont: Optimism Priced In (Rating Downgrade)
May 16What Newmont Corporation's (NYSE:NEM) P/S Is Not Telling You
May 14Newmont Is Too Cheap To Ignore
May 07Newmont Q1 Earnings: A Solid Buy-The-Dip Candidate
Apr 25Newmont: Why I Disagree With The Crowd
Apr 18Calculating The Intrinsic Value Of Newmont Corporation (NYSE:NEM)
Apr 10Why Newmont Stock Is A Strong Golden Pick
Apr 08Newmont: I Am Adding This 3% Yielding Miner To My Portfolio
Mar 18Looking For A Spark: Newmont Corporation (Technical Analysis)
Mar 08Financial Position Analysis
Short Term Liabilities: NEM's short term assets ($12.6B) exceed its short term liabilities ($6.4B).
Long Term Liabilities: NEM's short term assets ($12.6B) do not cover its long term liabilities ($19.9B).
Debt to Equity History and Analysis
Debt Level: NEM's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: NEM's debt to equity ratio has reduced from 30.1% to 28.6% over the past 5 years.
Debt Coverage: NEM's debt is well covered by operating cash flow (52.3%).
Interest Coverage: NEM's interest payments on its debt are well covered by EBIT (14.9x coverage).