Newmont Poration Cdi Stock Cash And Equivalents

NEM Stock   64.40  0.10  0.16%   
NEWMONT PORATION CDI fundamentals help investors to digest information that contributes to NEWMONT PORATION's financial success or failures. It also enables traders to predict the movement of NEWMONT Stock. The fundamental analysis module provides a way to measure NEWMONT PORATION's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NEWMONT PORATION stock.
Last ReportedProjected for Next Year
Cash And Equivalents2.6 B3.6 B
Cash And Equivalents is likely to gain to about 3.6 B in 2024.
  
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NEWMONT PORATION CDI Company Cash And Equivalents Analysis

NEWMONT PORATION's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.

Cash

 = 

Bank Deposits

+

Liquidities

More About Cash And Equivalents | All Equity Analysis

Current NEWMONT PORATION Cash And Equivalents

    
  2.88 B  
Most of NEWMONT PORATION's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NEWMONT PORATION CDI is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
Competition

In accordance with the recently published financial statements, NEWMONT PORATION CDI has 2.88 B in Cash And Equivalents. This is much higher than that of the Basic Materials sector and significantly higher than that of the Gold industry. The cash and equivalents for all Australia stocks is 6.47% lower than that of the firm.

NEWMONT Cash And Equivalents Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NEWMONT PORATION's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NEWMONT PORATION could also be used in its relative valuation, which is a method of valuing NEWMONT PORATION by comparing valuation metrics of similar companies.
NEWMONT PORATION is currently under evaluation in cash and equivalents category among its peers.

NEWMONT Fundamentals

About NEWMONT PORATION Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze NEWMONT PORATION CDI's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NEWMONT PORATION using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NEWMONT PORATION CDI based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Thematic Opportunities

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Additional Tools for NEWMONT Stock Analysis

When running NEWMONT PORATION's price analysis, check to measure NEWMONT PORATION's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NEWMONT PORATION is operating at the current time. Most of NEWMONT PORATION's value examination focuses on studying past and present price action to predict the probability of NEWMONT PORATION's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEWMONT PORATION's price. Additionally, you may evaluate how the addition of NEWMONT PORATION to your portfolios can decrease your overall portfolio volatility.