Newmont Goldcorp Corp (NEM)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,951,000 | 5,575,000 | 5,574,000 | 5,572,000 | 5,571,000 | 5,569,000 | 5,568,000 | 5,566,000 | 5,565,000 | 4,990,000 | 4,989,000 | 4,988,000 | 5,480,000 | 5,479,000 | 5,478,000 | 6,030,000 | 6,138,000 | 6,139,000 | 5,475,000 | 3,420,000 |
| Total assets | US$ in thousands | 55,506,000 | 38,084,000 | 38,133,000 | 38,374,000 | 38,482,000 | 39,143,000 | 39,690,000 | 39,913,000 | 40,564,000 | 39,865,000 | 40,677,000 | 41,063,000 | 41,369,000 | 40,551,000 | 39,885,000 | 39,699,000 | 39,974,000 | 40,763,000 | 36,987,000 | 20,880,000 |
| Debt-to-assets ratio | 0.13 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.12 | 0.12 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.15 | 0.16 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $6,951,000K ÷ $55,506,000K
= 0.13
The debt-to-assets ratio of Newmont Corp has remained stable at around 0.16 to 0.17 throughout the year 2022 and the first three quarters of 2023. This indicates that the company has been able to effectively manage its debt levels in relation to its total assets. A lower debt-to-assets ratio suggests lower financial risk as it indicates that a smaller portion of the company's assets is financed through debt. Overall, the consistent and relatively low debt-to-assets ratio of Newmont Corp reflects a healthy financial position and effective capital structure management.