Newmont Goldcorp Corp (NEM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,275,000 | 7,512,000 | 6,515,000 | 7,696,000 | 8,505,000 |
| Total current liabilities | US$ in thousands | 7,543,000 | 5,998,000 | 2,926,000 | 2,654,000 | 3,369,000 |
| Current ratio | 1.63 | 1.25 | 2.23 | 2.90 | 2.52 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,275,000K ÷ $7,543,000K
= 1.63
The current ratio of Newmont Goldcorp Corp has shown some fluctuation over the years. As of December 31, 2020, the current ratio was 2.52, indicating that the company had $2.52 in current assets to cover each dollar of current liabilities. This ratio increased to 2.90 by December 31, 2021, suggesting improved liquidity and short-term financial health.
However, by December 31, 2022, the current ratio decreased to 2.23, although it still remained above 2, which generally indicates a healthy liquidity position. The ratio then experienced a significant decline to 1.25 as of December 31, 2023, potentially signaling a potential liquidity concern or difficulties in meeting short-term obligations.
By December 31, 2024, the current ratio improved to 1.63, indicating a slight recovery in liquidity. Overall, fluctuations in the current ratio of Newmont Goldcorp Corp suggest varying levels of liquidity over the years, with the company being more liquid in some years compared to others. It is important for stakeholders to closely monitor this ratio to assess the company's ability to meet its short-term financial obligations.