How much debt does Newmont have?
According to Newmont's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Newmont's total debt stands at $8.97B. This is broken down into:
- Long-term debt: $7.94B
- Short-term debt: $1.03B
The company's net debt, which accounts for cash and cash equivalents, is $5.35B. In terms of overall financial obligations, Newmont's total liabilities amount to $26.24B.
Debt Ratios and Metrics
To better understand Newmont's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.30 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 15.92% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 14.93 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 20.05% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 22.96% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Newmont's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$8.97B
Long-term Debt
$7.94B
Short-term Debt
$1.03B
Net Debt
$5.35B
Total Liabilities
$26.24B
Interest Coverage
14.93
Debt to Equity Ratio
0.30
Debt Ratio
15.92%
Newmont Historical Debt Metrics
Newmont Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $8.97B | $7.94B | $1.03B | $5.35B | $26.24B | 0.30 | 15.92% | 14.93 | 20.05% | 22.96% |
| 2023 | $9.44B | $7.40B | $2.04B | $6.43B | $26.30B | 0.33 | 17.00% | 2.91 | 19.32% | 24.53% |
| 2022 | $6.13B | $6.04B | $96.00M | $3.25B | $18.95B | 0.32 | 15.93% | 6.44 | 22.35% | 24.06% |
| 2021 | $6.30B | $6.11B | $193.00M | $1.31B | $18.70B | 0.29 | 15.54% | 6.35 | 20.17% | 22.25% |
| 2020 | $6.70B | $6.04B | $780.00M | $1.16B | $17.49B | 0.29 | 16.20% | 9.17 | 19.24% | 22.56% |
| 2019 | $6.83B | $6.78B | $128.00M | $4.59B | $17.56B | 0.32 | 17.10% | 13.29 | 22.27% | 24.19% |
| 2018 | $4.26B | $3.61B | $653.00M | $864.00M | $9.20B | 0.41 | 20.57% | 5.74 | 24.55% | 28.86% |
| 2017 | $4.07B | $4.06B | $4.00M | $806.00M | $9.13B | 0.39 | 19.69% | 5.50 | 27.72% | 27.84% |
| 2016 | $4.62B | $4.05B | $571.00M | $1.86B | $9.16B | 0.43 | 21.94% | 3.75 | 27.41% | 30.09% |
| 2015 | $6.24B | $5.85B | $9.00M | $3.45B | $10.89B | 0.55 | 24.76% | 4.00 | 33.99% | 35.46% |
Related Metrics
Explore detailed financial metrics and analysis for NEM.