Newmont Goldcorp Corp (NEM)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $29,928,000K
= 0.00
Newmont Goldcorp Corp has consistently maintained a debt-to-equity ratio of 0.00 across multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company does not have any financial leverage through debt in relation to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company has either zero debt or very minimal debt compared to its equity.
Having a debt-to-equity ratio of 0.00 can be seen as a positive sign from a financial stability perspective, as it implies that the company is not relying on borrowed funds to finance its operations or growth. This conservative financial structure can provide a sense of security to investors and creditors, as it indicates a lower risk of financial distress due to debt obligations.
However, it's important to note that while a low or zero debt-to-equity ratio can be advantageous in terms of financial risk management, it may also indicate a missed opportunity to leverage debt financing for potential growth or investment opportunities that could enhance shareholder returns. Overall, the consistent 0.00 debt-to-equity ratio for Newmont Goldcorp Corp suggests a risk-averse approach to its capital structure.