Newmont Goldcorp Corp (NEM)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,619,000 | 3,016,000 | 2,608,000 | 2,342,000 | 3,013,000 | 3,190,000 | 2,829,000 | 2,657,000 | 2,877,000 | 3,058,000 | 4,307,000 | 4,272,000 | 4,992,000 | 4,636,000 | 4,583,000 | 5,518,000 | 5,540,000 | 4,828,000 | 3,808,000 | 3,709,000 |
| Short-term investments | US$ in thousands | 21,000 | 43,000 | 50,000 | 23,000 | 23,000 | 24,000 | 409,000 | 847,000 | 880,000 | 755,000 | 51,000 | 72,000 | 82,000 | 157,000 | 222,000 | 240,000 | 290,000 | 313,000 | 310,000 | 175,000 |
| Total current liabilities | US$ in thousands | 7,543,000 | 6,408,000 | 5,732,000 | 5,482,000 | 5,998,000 | 2,808,000 | 2,693,000 | 2,752,000 | 2,926,000 | 2,324,000 | 2,451,000 | 2,417,000 | 2,654,000 | 2,799,000 | 2,787,000 | 3,480,000 | 3,369,000 | 2,703,000 | 2,378,000 | 1,952,000 |
| Cash ratio | 0.48 | 0.48 | 0.46 | 0.43 | 0.51 | 1.14 | 1.20 | 1.27 | 1.28 | 1.64 | 1.78 | 1.80 | 1.91 | 1.71 | 1.72 | 1.65 | 1.73 | 1.90 | 1.73 | 1.99 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,619,000K
+ $21,000K)
÷ $7,543,000K
= 0.48
The cash ratio of Newmont Goldcorp Corp has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio started at a relatively high level of 1.99 on March 31, 2020, indicating that the company had a solid level of cash to cover its current liabilities. However, the ratio decreased to 0.43 by March 31, 2024.
The downward trend in the cash ratio suggests that Newmont Goldcorp Corp's liquidity position weakened over the period. A declining cash ratio could indicate that the company may be facing challenges in generating sufficient cash inflows to cover its short-term obligations. It's essential for investors and creditors to monitor the cash ratio closely to assess the company's ability to meet its short-term financial commitments.