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 ratio | 7.5x |
Cash | US$3.03b |
Equity | US$29.21b |
Total liabilities | US$26.30b |
Total assets | US$55.51b |
Recent financial health updates
Is Newmont (NYSE:NEM) A Risky Investment?
Jan 04These 4 Measures Indicate That Newmont (NYSE:NEM) Is Using Debt Reasonably Well
Oct 06Recent updates
Newmont: I Am Adding This 3% Yielding Miner To My Portfolio
Mar 18Looking For A Spark: Newmont Corporation (Technical Analysis)
Mar 08Newmont Q4 Results: Don't Miss The Forest For The Trees
Feb 22Newmont: Asymmetric Risk/Reward Makes It A Strong Buy Here
Feb 10Newmont Corporation's (NYSE:NEM) Popularity With Investors Is Under Threat From Overpricing
Jan 26Buy The Plunge In Newmont: Get Gold Exposure And A Near 5% Yield
Jan 22Global Leader In Gold Seeks To Dig Out Copper Niche
Jan 09Is Newmont (NYSE:NEM) A Risky Investment?
Jan 04Gold Is My Highest Conviction Pick For 2024: Consider Newmont Stock
Jan 02Newmont Corporation's (NYSE:NEM) Intrinsic Value Is Potentially 44% Above Its Share Price
Dec 14Newmont: Brighter Macro Conditions, Better Technical Factors Warrant An Upgrade
Nov 27Newmont: An Opportunity To Buy At The Deepest Discount In Years
Oct 26These 4 Measures Indicate That Newmont (NYSE:NEM) Is Using Debt Reasonably Well
Oct 06Newmont: The Biggest But Not The Best Gold Major
Oct 02Newmont: Sitting At Trough Multiple Ahead Of Margin Recovery
Sep 12Is There An Opportunity With Newmont Corporation's (NYSE:NEM) 48% Undervaluation?
Sep 11Why I Believe That Newmont Could Triple
Aug 28Financial 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).