Newmont Goldcorp Corp (NEM)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $30,109,000K
= 0.00
The debt-to-equity ratio of Newmont Goldcorp Corp has consistently been reported as 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt or a minimal amount of debt in relation to its equity during this period. The ratio suggests that the company is primarily financed by equity rather than debt, which may be viewed positively by investors and creditors as it signifies a lower financial risk and a stronger financial position. However, it's essential to consider other financial metrics and qualitative factors to assess the overall financial health and sustainability of the company.