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Newmont (XSGO:NEM) Debt-to-Asset : 0.16 (As of Sep. 2024)


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What is Newmont Debt-to-Asset?

Newmont's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $112 Mil. Newmont's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $8,987 Mil. Newmont's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $56,175 Mil. Newmont's debt to asset for the quarter that ended in Sep. 2024 was 0.16.

Newmont Debt-to-Asset Historical Data

The historical data trend for Newmont's Debt-to-Asset 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.

* Premium members only.

Newmont Debt-to-Asset Chart

Newmont Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.16 0.16 0.16 0.17

Newmont Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.17 0.17 0.17 0.16

Competitive Comparison of Newmont's Debt-to-Asset

For the Gold subindustry, Newmont's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newmont's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Newmont's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Newmont's Debt-to-Asset falls into.


Newmont Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Newmont's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2037 + 7399) / 55506
=0.17

Newmont's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(112 + 8987) / 56175
=0.16

* 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.

Newmont  (XSGO:NEM) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Newmont Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of Newmont's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Newmont Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (XSGO:NEM) » Definitions » Debt-to-Asset
Comparable Companies
AU RGLD CDE SA CTGO GROY DC CMCL IDR FTCO SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV JSE:GFI SHSE:600547 MIC:PLZL ASX:NST TSX:K
Traded in Other Exchanges
NEMCL:USA NEM:USA NEM:Peru NEM:Mexico 1NEM:Italy 0R28:UK NMM0:Germany NMM0:Germany NMM0:Germany NMM:Germany NMM:Germany NMM:Germany NMM:Germany NGT:Canada N1EM34:Brazil NEM:Australia NEWM:Austria NEM:Argentina
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 5.5 million ounces of gold in 2024 from its core mines and 6.8 million in total. It is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.