Newmont Goldcorp Corp (NEM)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,275,000 | 12,577,000 | 12,070,000 | 11,806,000 | 7,512,000 | 5,955,000 | 6,134,000 | 6,559,000 | 6,515,000 | 6,320,000 | 6,907,000 | 7,059,000 | 7,696,000 | 7,472,000 | 7,445,000 | 8,364,000 | 8,505,000 | 7,660,000 | 6,684,000 | 6,455,000 |
| 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 |
| Current ratio | 1.63 | 1.96 | 2.11 | 2.15 | 1.25 | 2.12 | 2.28 | 2.38 | 2.23 | 2.72 | 2.82 | 2.92 | 2.90 | 2.67 | 2.67 | 2.40 | 2.52 | 2.83 | 2.81 | 3.31 |
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 fluctuations over the analyzed periods. It stood at a healthy level of 3.31 as of March 31, 2020, indicating a strong ability to cover its short-term obligations with current assets. However, the ratio decreased to 1.63 by December 31, 2024, reflecting a decline in liquidity and potential challenges in meeting short-term financial obligations.
Overall, the current ratio ranged between 1.25 and 3.31 during the analyzed period, with an average of approximately 2.52. It is essential for stakeholders to monitor the current ratio closely, as sustained low levels may signal liquidity issues or inefficiency in managing current assets and liabilities.