Newmont Goldcorp Corp (NEM)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 56,349,000 | 56,175,000 | 55,678,000 | 55,335,000 | 55,506,000 | 38,084,000 | 38,133,000 | 38,374,000 | 38,482,000 | 39,143,000 | 39,690,000 | 39,913,000 | 40,564,000 | 39,865,000 | 40,677,000 | 41,063,000 | 41,369,000 | 40,551,000 | 39,885,000 | 39,699,000 |
| 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 |
| Financial leverage ratio | 1.88 | 1.89 | 1.90 | 1.92 | 1.91 | 2.00 | 1.98 | 1.98 | 1.99 | 1.84 | 1.85 | 1.86 | 1.84 | 1.76 | 1.75 | 1.78 | 1.80 | 1.79 | 1.81 | 1.82 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $56,349,000K ÷ $29,928,000K
= 1.88
The financial leverage ratio of Newmont Goldcorp Corp has been relatively stable over the past few years, ranging between 1.75 and 2.00. It indicates that the company has been using a mix of debt and equity to finance its operations and investments. The ratio has shown a slight upward trend in recent periods, reaching 1.88 by the end of December 2024, which may suggest a slightly higher level of leverage compared to the previous years. Overall, the company's financial leverage ratio remains within a reasonable range, indicating a balanced capital structure.