Stock Analysis on Net

Newmont Corp. (NYSE:NEM)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity ratios measure the company ability to meet its short-term obligations.


Liquidity Ratios (Summary)

Newmont Corp., liquidity ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Current ratio 1.25 2.23 2.90 2.52 2.63
Quick ratio 0.71 1.52 2.04 1.86 1.20
Cash ratio 0.50 1.28 1.91 1.73 1.04

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).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Newmont Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Newmont Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Newmont Corp. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Current Ratio

Newmont Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Current assets 7,512 6,515 7,696 8,505 6,272
Current liabilities 5,998 2,926 2,654 3,369 2,385
Liquidity Ratio
Current ratio1 1.25 2.23 2.90 2.52 2.63
Benchmarks
Current Ratio, Competitors2
Freeport-McMoRan Inc. 2.42 2.46 2.52 2.72 2.47
Current Ratio, Sector
Metals & Mining 1.83 2.39 2.64 2.62 2.54
Current Ratio, Industry
Materials 1.24 1.37 1.47 1.40 1.38

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).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 7,512 ÷ 5,998 = 1.25

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Newmont Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

Newmont Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,002 2,877 4,992 5,540 2,243
Time deposits and other investments 23 880 82 290 237
Trade receivables 734 366 337 449 373
Other receivables 493 324
Total quick assets 4,252 4,447 5,411 6,279 2,853
 
Current liabilities 5,998 2,926 2,654 3,369 2,385
Liquidity Ratio
Quick ratio1 0.71 1.52 2.04 1.86 1.20
Benchmarks
Quick Ratio, Competitors2
Freeport-McMoRan Inc. 1.31 1.58 1.66 1.48 0.99
Quick Ratio, Sector
Metals & Mining 1.01 1.56 1.78 1.67 1.08
Quick Ratio, Industry
Materials 0.78 0.96 1.02 0.95 0.76

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).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,252 ÷ 5,998 = 0.71

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Newmont Corp. quick ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Cash Ratio

Newmont Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 3,002 2,877 4,992 5,540 2,243
Time deposits and other investments 23 880 82 290 237
Total cash assets 3,025 3,757 5,074 5,830 2,480
 
Current liabilities 5,998 2,926 2,654 3,369 2,385
Liquidity Ratio
Cash ratio1 0.50 1.28 1.91 1.73 1.04
Benchmarks
Cash Ratio, Competitors2
Freeport-McMoRan Inc. 1.03 1.30 1.37 1.07 0.63
Cash Ratio, Sector
Metals & Mining 0.76 1.30 1.54 1.40 0.80
Cash Ratio, Industry
Materials 0.50 0.68 0.72 0.65 0.41

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).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,025 ÷ 5,998 = 0.50

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Newmont Corp. cash ratio deteriorated from 2021 to 2022 and from 2022 to 2023.