Newmont Goldcorp Corp (NEM)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 56,349,000 | 55,506,000 | 38,482,000 | 40,564,000 | 41,369,000 |
| Total stockholders’ equity | US$ in thousands | 30,109,000 | 29,027,000 | 19,354,000 | 22,022,000 | 23,008,000 |
| Financial leverage ratio | 1.87 | 1.91 | 1.99 | 1.84 | 1.80 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $56,349,000K ÷ $30,109,000K
= 1.87
The financial leverage ratio of Newmont Goldcorp Corp has been gradually increasing over the past five years. As of December 31, 2020, the ratio was 1.80, which indicates that the company had $1.80 in debt for every $1 of equity. By December 31, 2024, the ratio had risen to 1.87, suggesting a slight increase in the company's reliance on debt financing. Despite some fluctuations in the intervening years, the overall trend shows a moderate increase in financial leverage over the period analyzed. This could imply that Newmont Goldcorp Corp is taking on more debt relative to its equity, which may pose increased financial risk but could also potentially enhance returns for shareholders if managed effectively.