Newmont Goldcorp Corp (NEM)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 29,928,000 | 29,712,000 | 29,379,000 | 28,890,000 | 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 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $29,928,000K)
= 0.00
The debt-to-capital ratio for Newmont Goldcorp Corp has consistently remained at 0.00 from March 31, 2020, to December 31, 2024. This ratio indicates that the company has not utilized any debt to finance its operations or investments during this period. A debt-to-capital ratio of 0.00 signifies that the company's total debt is either negligible or non-existent in relation to its total capital, which usually includes both debt and equity.
From an investor's perspective, a low or zero debt-to-capital ratio can imply that the company is financially conservative and has a strong financial position with minimal financial risk associated with debt repayment. However, it is essential to consider that a zero debt level may also indicate missed opportunities for leveraging debt financing for potential growth or expansion.
Overall, Newmont Goldcorp Corp's consistent 0.00 debt-to-capital ratio suggests a cautious approach towards debt management, indicating a conservative financial stance in its capital structure decisions.