Newmont (Newmont) Interest Expense

: $-243 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Newmont's interest expense for the three months ended in Dec. 2023 was $ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-243 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Newmont's Operating Income for the three months ended in Dec. 2023 was $ -487 Mil. Newmont's Interest Expense for the three months ended in Dec. 2023 was $ -81 Mil. Newmont did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Newmont Interest Expense Historical Data

The historical data trend for Newmont's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Newmont Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-301.00

-308.00

-274.00

-227.00

-243.00

Newmont Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-53.00	-65.00	-49.00	-48.00	-81.00

Newmont Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-243 Mil.

Newmont (NYSE:NEM) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Newmont's Interest Expense for the three months ended in Dec. 2023 was $-81 Mil. Its Operating Income for the three months ended in Dec. 2023 was $-487 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $7,399 Mil.

Newmont's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Newmont did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Newmont (Newmont) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (NYSE:NEM) » Definitions » Interest Expense

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Address

6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237

Website

https://www.newmont.com

Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 7.3 million ounces of gold in 2023 pro forma for Newcrest on an annualized basis. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts from its various gold mines. It had about two decades of gold reserves along with significant byproduct reserves after acquiring Newcrest.

Executives

Robert D Atkinson	officer: EVP & COO	6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Philip Aiken	director	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Sally-anne Layman	director	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Mark David Ebel	officer: Interim Chief Legal Officer	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Thomas Ronald Palmer	director, officer: President & CEO	6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Natascha Viljoen	officer: EVP & COO	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Suzanne P Retallack	officer: CSSO	6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Karyn F. Ovelmen	officer: EVP & CFO	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Aaron Puna	officer: EVP & CTO	6900 E. LAYTON AVE., SUITE 700, DENVER CO 80237
Mark Casper	officer: Acting CTO	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Joshua Cage	officer: Interim Controller and CAO	6900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Peter Toth	officer: EVP, Strategic Development	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Nancy Buese	officer: EVP & CFO	1515 ARAPAHOE STREET, DENVER CO 80202-2126
Stephen P Gottesfeld	officer: EVP and Chief S&EA Officer	6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Patrick Awuah	director	7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237