Newmont Goldcorp Corp (NEM)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,619,000K
+ $21,000K
+ $—K)
÷ $7,543,000K
= 0.48
The quick ratio of Newmont Goldcorp Corp has shown a gradual decline over the years, starting at a healthy level of 1.99 as of March 31, 2020, and decreasing to 0.48 as of December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
The decreasing trend in the quick ratio of Newmont Goldcorp Corp may raise concerns about its liquidity position and ability to meet its short-term obligations. It is important for the company to closely monitor its cash, cash equivalents, and marketable securities to ensure that it can cover its liabilities as they come due. Stakeholders, including investors and creditors, may view a declining quick ratio unfavorably as it indicates a potential liquidity risk. Management may need to assess its working capital management and cash flow strategies to improve the company's liquidity position and financial stability.