Stock Analysis on Net
Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

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Analysis of Debt

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Total Debt (Carrying Amount)

Newmont Corp., balance sheet: debt

US$ in millions

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Current lease and other financing obligations
Current debt
Non-current debt
Non-current lease and other financing obligations
Total debt, lease and other financing obligations (carrying amount)

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-21).

Debt item Description The company
Total debt, lease and other financing obligations (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Newmont Corp.’s total debt increased from 2018 to 2019 but then slightly decreased from 2019 to 2020.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2020
Selected Financial Data (US$ in millions)
Debt
Lease and other financing obligations
Total debt, lease and other financing obligations (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

Based on: 10-K (filing date: 2021-02-18).


Weighted-average Interest Rate on Debt

Weighted-average interest rate for debt:

Interest rate Debt amount1 Interest rate × Debt amount Weighted-average interest rate2
Total

Based on: 10-K (filing date: 2021-02-18).

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =


Interest Costs Incurred

Newmont Corp., interest costs incurred

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Interest expense, net of capitalized interest
Capitalized interest
Interest costs incurred

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-21).

Debt item Description The company
Interest expense, net of capitalized interest Amount of the cost of borrowed funds accounted for as interest expense for debt. Newmont Corp.’s interest expense, net of capitalized interest increased from 2018 to 2019 and from 2019 to 2020.
Capitalized interest Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. Newmont Corp.’s capitalized interest decreased from 2018 to 2019 and from 2019 to 2020.
Interest costs incurred Total interest costs incurred during the period and either capitalized or charged against earnings. Newmont Corp.’s interest costs incurred increased from 2018 to 2019 and from 2019 to 2020.

Adjusted Interest Coverage Ratio

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Newmont stockholders
Add: Net income attributable to noncontrolling interest
Less: Net income (loss) from discontinued operations
Add: Income tax expense
Add: Interest expense, net of capitalized interest
Earnings before interest and tax (EBIT)
 
Interest costs incurred
Financial Ratio With and Without Capitalized Interest
Interest coverage ratio (without capitalized interest)1
Adjusted interest coverage ratio (with capitalized interest)2

Based on: 10-K (filing date: 2021-02-18), 10-K (filing date: 2020-02-20), 10-K (filing date: 2019-02-21), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-21).

2020 Calculations

1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense, net of capitalized interest
= ÷ =

2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs incurred
= ÷ =


Solvency ratio Description The company
Adjusted interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). Newmont Corp.’s adjusted interest coverage ratio improved from 2018 to 2019 but then slightly deteriorated from 2019 to 2020.