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
We Think Newmont (NYSE:NEM) Can Stay On Top Of Its Debt
Jun 04Is Newmont (NYSE:NEM) A Risky Investment?
Jan 04Recent updates
2 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 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 27Financial 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).