Newmont Goldcorp Corp (NEM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 29,027,000 | 19,074,000 | 19,225,000 | 19,377,000 | 19,354,000 | 21,219,000 | 21,421,000 | 21,449,000 | 22,022,000 | 22,712,000 | 23,239,000 | 23,127,000 | 23,008,000 | 22,661,000 | 22,004,000 | 21,806,000 | 21,420,000 | 21,430,000 | 19,354,000 | 10,499,000 |
| Debt-to-capital ratio | 0.19 | 0.23 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.20 | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.22 | 0.22 | 0.22 | 0.22 | 0.25 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $6,951,000K ÷ ($6,951,000K + $29,027,000K)
= 0.19
The debt-to-capital ratio of Newmont Corp has been relatively stable over the past eight quarters, ranging between 0.22 and 0.25. This indicates that Newmont Corp relies moderately on debt to finance its operations and investments, while the majority of its capital structure is composed of equity. The slight fluctuations in the ratio suggest that the company has been managing its debt levels effectively, maintaining a consistent balance between debt and equity financing. Overall, the stability of the debt-to-capital ratio indicates a prudent approach to managing the company's financial leverage and risk profile.