Newmont Goldcorp Corp (NEM)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 30,109,000 | 29,027,000 | 19,354,000 | 22,022,000 | 23,008,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $30,109,000K)
= 0.00
Based on the provided data, Newmont Goldcorp Corp has consistently maintained a debt-to-capital ratio of 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt in its capital structure over the analyzed period. A debt-to-capital ratio of 0.00 signifies that the company's capital is entirely funded by equity, implying a lower financial risk as there are no interest payments or principal obligations associated with debt. This may suggest that Newmont Goldcorp Corp has a strong financial position and may benefit from lower financial leverage compared to companies with debt in their capital structure.