Newmont Goldcorp Corp (NEM)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| Debt-to-capital 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 |
| 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 |
| 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 |
Newmont Goldcorp Corp has consistently maintained a strong solvency position as indicated by its low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio, all of which have remained at 0.00 over the reported periods. This suggests that the company has minimal debt relative to its assets, capital, and equity, indicating a low level of financial risk.
The financial leverage ratio, which measures the extent to which the company relies on debt to finance its operations, has shown some fluctuations over time but generally remained below 2.0. This indicates that Newmont Goldcorp Corp has a moderate level of financial leverage, with a balance between debt and equity in its capital structure.
Overall, the solvency ratios suggest that Newmont Goldcorp Corp is in a stable financial position with a conservative approach to debt management and a solid capital structure. Investors and creditors can have confidence in the company's ability to meet its financial obligations and weather potential economic uncertainties.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.11 | -0.60 | -3.33 | -6.90 | -7.36 | -0.45 | -0.41 | 0.10 | 0.48 | 1.29 | 0.09 | 2.18 | 2.55 | 10.10 | 13.08 | 10.96 | 10.81 | 9.49 | 15.35 | 13.91 |
Newmont Goldcorp Corp's interest coverage ratio, which measures the company's ability to meet its interest payment obligations, has shown some volatility over the periods provided. The interest coverage ratio started at a strong level of 13.91 in March 2020 and showed improvement until June 2021, where it peaked at 13.08. However, from September 2021 to December 2024, there was a significant decline in the interest coverage ratio, falling to negative values in the latter periods.
The decreasing trend in the interest coverage ratio from December 2021 to December 2024 suggests that Newmont Goldcorp Corp may be experiencing difficulties in generating enough operating income to cover its interest expenses. A negative interest coverage ratio indicates that the company's earnings are insufficient to cover its interest payments, raising concerns about the company's financial stability and ability to service its debt obligations.
It would be advisable for stakeholders to closely monitor Newmont Goldcorp Corp's financial performance and debt management strategies to address the declining trend in the interest coverage ratio and ensure the company's long-term financial health and sustainability.