Newmont Goldcorp Corp (NEM)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 6,951,000 | 5,571,000 | 5,565,000 | 5,480,000 | 6,138,000 |
| Total stockholders’ equity | US$ in thousands | 29,027,000 | 19,354,000 | 22,022,000 | 23,008,000 | 21,420,000 |
| Debt-to-equity ratio | 0.24 | 0.29 | 0.25 | 0.24 | 0.29 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $6,951,000K ÷ $29,027,000K
= 0.24
Newmont Corp's debt-to-equity ratio has shown a consistent trend over the past five years. The ratio has ranged between 0.29 to 0.33 during this period, indicating a relatively stable capital structure. A decreasing trend from 2021 to 2023 suggests the company has been gradually reducing its reliance on debt to finance its operations compared to equity. Overall, the debt-to-equity ratio for Newmont Corp appears to be at a moderate level, reflecting a balanced approach in utilizing both debt and equity to fund its activities.