Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 29, 2024.

Current Ratio
since 2005

Microsoft Excel

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Calculation

Newmont Corp., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Current Assets
Current assets exhibited fluctuations across the analyzed period. Starting at 3,036 million USD at the end of 2005, there was a decline until 2008 when assets decreased to 2,361 million USD. A significant upward trend followed in 2009 and 2010, peaking at 7,253 million USD. Subsequently, current assets decreased and fluctuated around a range of approximately 4,600 to 6,200 million USD until 2019. From 2019 onwards, current assets showed a general increase, reaching a maximum of 8,505 million USD in 2020, before dipping below 7,000 million USD in 2021 and 2022. In 2023, there was a recovery to 7,512 million USD.
Current Liabilities
Current liabilities demonstrated an overall increasing trend over the years. Starting at 1,350 million USD in 2005, liabilities rose steadily with some variability, reaching 3,940 million USD in 2011. A downward movement followed between 2012 and 2015, reaching a low point of 1,416 million USD. From 2016 onward, liabilities increased again, with notable growth after 2018. In 2023, current liabilities peaked at 5,998 million USD, indicating a substantial rise compared to the beginning of the period.
Current Ratio
The current ratio exhibited notable variability, reflecting changes in liquidity. It started at a strong 2.25 in 2005 but decreased to as low as 1.37 in 2011. High points in the ratio were observed in 2009 (2.51), 2014 (3.52), and 2017 (3.63), indicating periods of improved short-term liquidity. From 2018 onwards, the ratio trended downward, falling from 2.95 in 2018 to 1.25 in 2023. The recent low point suggests a weakening in liquidity, likely due to the rapid increase in current liabilities relative to current assets.

Comparison to Competitors


Comparison to Industry (Materials)