Newmont Goldcorp Corp (NEM)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 56,349,000 | 56,175,000 | 55,678,000 | 55,335,000 | 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 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
As per the provided data on Newmont Goldcorp Corp's debt-to-assets ratio, the ratio has consistently been 0.00 for all reported periods from March 31, 2020, to December 31, 2024.
A debt-to-assets ratio of 0.00 indicates that the company has not utilized any debt to finance its assets during the specified periods. This could suggest that Newmont Goldcorp Corp has been primarily funding its operations and investments through equity and retained earnings rather than taking on debt.
A debt-to-assets ratio of 0.00 is considered very low and generally viewed positively by investors and creditors, as it signifies lower financial risk and a strong financial position. However, it is important to note that a zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns, especially in environments with low-interest rates.
Overall, based on the data provided, Newmont Goldcorp Corp's consistent 0.00 debt-to-assets ratio reflects a conservative capital structure with no reliance on debt for financing its operations and investments over the reported periods.