Newmont (XTER:NMM) Debt-to-Equity : 0.31 (As of Sep. 2024)

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What is Newmont Debt-to-Equity?

Newmont's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €101 Mil. Newmont's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €8,097 Mil. Newmont's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €26,771 Mil. Newmont's debt to equity for the quarter that ended in Sep. 2024 was 0.31.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Newmont's Debt-to-Equity or its related term are showing as below:

XTER:NMM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.34 Max: 0.65
Current: 0.31

During the past 13 years, the highest Debt-to-Equity Ratio of Newmont was 0.65. The lowest was 0.27. And the median was 0.34.

XTER:NMM's Debt-to-Equity is ranked worse than
65.6% of 1253 companies
in the Metals & Mining industry
Industry Median: 0.13 vs XTER:NMM: 0.31

Newmont Debt-to-Equity Historical Data

The historical data trend for Newmont's Debt-to-Equity 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-Equity Chart

Newmont Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.32

0.29

0.32

0.33

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-Equity	Get a 7-Day Free Trial															0.32	0.33	0.33	0.31	0.31

Competitive Comparison of Newmont's Debt-to-Equity

For the Gold subindustry, Newmont's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity Distribution in the Metals & Mining Industry

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

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

Newmont Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1867.929	+	6784.883)	/	26617.759
	=	0.33

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

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(100.912	+	8097.287)	/	26770.512
	=	0.31

Newmont (XTER:NMM) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Newmont Debt-to-Equity Related Terms

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Newmont Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Newmont Corp (XTER:NMM) » Definitions » Debt-to-Equity

Comparable Companies

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 NEM:Chile 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.