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Newmont Interest Coverage

: 9.86 (As of Jun. 2022)
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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 by its Interest Expense. Newmont's Operating Income for the three months ended in Jun. 2022 was $562 Mil. Newmont's Interest Expense for the three months ended in Jun. 2022 was $-57 Mil. Newmont's interest coverage for the quarter that ended in Jun. 2022 was 9.86. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Newmont's Interest Coverage or its related term are showing as below:

NEM' s Interest Coverage Range Over the Past 10 Years
Min: 2.03   Med: 5.33   Max: 13.45
Current: 5.89


NEM's Interest Coverage is ranked worse than
88.91% of 1370 companies
in the Metals & Mining industry
Industry Median: No Debt vs NEM: 5.89

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 Coverage Historical Data

The historical data trend for Newmont's Interest Coverage 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 Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Interest Coverage
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.41 5.74 5.24 9.94 7.26

Newmont Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Interest Coverage 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 Premium Member Only Premium Member Only Premium Member Only 14.87 10.21 - 13.45 9.86

Competitive Comparison

For the Gold subindustry, Newmont's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Metals & Mining industry and Basic Materials sector, Newmont's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Newmont's Interest Coverage falls into.



Newmont Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt.


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 Coverage for the fiscal year that ended in Dec. 2021 is calculated as

Here, for the fiscal year that ended in Dec. 2021, Newmont's Interest Expense was $-274 Mil. Its Operating Income was $1,988 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,109 Mil.

Interest Coverage=-1* Operating Income (A: Dec. 2021 )/Interest Expense (A: Dec. 2021 )
=-1*1988/-274
=7.26

Newmont's Interest Coverage for the quarter that ended in Jun. 2022 is calculated as

Here, for the three months ended in Jun. 2022, Newmont's Interest Expense was $-57 Mil. Its Operating Income was $562 Mil. And its Long-Term Debt & Capital Lease Obligation was $6,075 Mil.

Interest Coverage=-1* Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*562/-57
=9.86

* 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.

The higher the ratio, the stronger the company's Financial Strength is.


Newmont  (NYSE:NEM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


Newmont Interest Coverage Related Terms

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


Newmont Business Description

Newmont logo
Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.
Executives
Clark Maura J director C/O ELIZABETH ARDEN, INC. 2400 SW 145 AVENUE MIRAMAR FL 33027
Madero Garza Jose Manuel director C/O CONSTELLATION BRANDS, INC. 207 HIGH POINT DRIVE, BUILDING 100 VICTOR NY 14564
Nelson Jane director 6363 SOUTH FIDDLER'S GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Brook Bruce R director 6363 SOUTH FIDDLER'S GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Awuah Patrick director 7900 E LAYTON AVENUE SUITE 700 DENVER CO 80237
Medori Rene director 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Quintana Julio M director 3993 W. SAM HOUSTON PARKWAY N. STE. 100 HOUSTON TX 77043
Boyce Gregory H director 701 MARKET STREET ST. LOUIS MO 63101
Story Susan N director ONE ENERGY PLACE PENSCOLA FL 32520
Tabolt Brian officer: VP, Controller and CAO P.O. BOX 4030 NH353 GOLDEN CO 80401
Lipson Nancy officer: EVP & General Counsel 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Cmil Jennifer officer: EVP, Human Resources 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Gehring Dean officer: EVP & CTO 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Atkinson Robert D officer: EVP & COO 6363 S FIDDLERS GREEN CIRCLE GREENWOOD VILLAGE CO 80111
Buese Nancy officer: EVP & CFO 1515 ARAPAHOE STREET DENVER CO 80202-2126

Newmont Headlines

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