Newmont Goldcorp Corp (NEM)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 56,349,000 | 55,506,000 | 38,482,000 | 40,564,000 | 41,369,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $56,349,000K
= 0.00
The debt-to-assets ratio of Newmont Goldcorp Corp has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt in relation to its total assets during this period. A debt-to-assets ratio of 0.00 suggests that the company is primarily funded by equity rather than debt, which can be seen as a positive financial indicator as it reflects lower financial risk and greater financial stability. This steady ratio over the years may signify prudent financial management practices, efficient capital structure, and potentially strong cash flows to support its operations and investments.