Newmont Historical Balance Sheet

NGT Stock  CAD 58.21  0.29  0.50%   
Trend analysis of Newmont Goldcorp Corp balance sheet accounts such as Total Current Liabilities of 6.3 B provides information on Newmont Goldcorp's total assets, liabilities, and equity, which is the actual value of Newmont Goldcorp Corp to its prevalent stockholders. By breaking down trends over time using Newmont Goldcorp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Newmont Goldcorp Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Newmont Goldcorp Corp is a good buy for the upcoming year.

Newmont Goldcorp Inventory

2.77 Billion

  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

About Newmont Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Newmont Goldcorp Corp at a specified time, usually calculated after every quarter, six months, or one year. Newmont Goldcorp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Newmont Goldcorp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Newmont currently owns. An asset can also be divided into two categories, current and non-current.

Newmont Goldcorp Balance Sheet Chart

At this time, Newmont Goldcorp's Net Debt is very stable compared to the past year. As of the 4th of December 2024, Non Current Assets Total is likely to grow to about 50.4 B, though Retained Earnings are likely to grow to (2.8 B).

Total Current Liabilities

Total Current Liabilities is an item on Newmont Goldcorp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Newmont Goldcorp Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Newmont Goldcorp Corp balance sheet. This account contains Newmont Goldcorp investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Newmont Goldcorp Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Accounts Payable

An accounting item on the balance sheet that represents Newmont Goldcorp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Newmont Goldcorp Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
Most accounts from Newmont Goldcorp's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Newmont Goldcorp Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Newmont Goldcorp's Net Debt is very stable compared to the past year. As of the 4th of December 2024, Non Current Assets Total is likely to grow to about 50.4 B, though Retained Earnings are likely to grow to (2.8 B).
 2021 2022 2023 2024 (projected)
Short and Long Term Debt Total6.3B6.1B9.4B9.9B
Total Assets40.6B38.5B55.5B58.3B

Newmont Goldcorp balance sheet Correlations

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Newmont Goldcorp Account Relationship Matchups

Newmont Goldcorp balance sheet Accounts

201920202021202220232024 (projected)
Total Assets40.0B41.4B40.6B38.5B55.5B58.3B
Short Long Term Debt Total6.8B6.7B6.3B6.1B9.4B9.9B
Other Current Liab1.2B1.2B1.2B2.2B406M632.7M
Total Current Liabilities2.4B3.4B2.7B2.9B6.0B6.3B
Total Stockholder Equity21.4B23.0B22.0B19.4B29.0B30.5B
Property Plant And Equipment Net25.3B24.3B24.1B24.1B37.6B39.4B
Net Debt4.6B1.2B1.3B3.3B6.4B6.8B
Retained Earnings2.3B4.0B3.1B916M(3.0B)(2.8B)
Cash2.2B5.5B5.0B2.9B3.0B1.5B
Non Current Assets Total33.7B32.9B32.9B32.0B48.0B50.4B
Non Currrent Assets Other2.0B2.3B2.5B2.5B3.0B1.7B
Cash And Short Term Investments2.5B5.8B5.1B3.8B3.0B1.6B
Net Receivables373M449M337M366M1.2B1.3B
Common Stock Shares Outstanding737M806M801M795M841M883.1M
Liabilities And Stockholders Equity40.0B41.4B40.6B38.5B55.5B58.3B
Non Current Liabilities Total15.2B14.1B16.0B16.0B20.3B21.3B
Inventory1.8B1.8B1.8B1.8B2.6B2.8B
Other Current Assets570M436M498M639M420M317.7M
Other Stockholder Equity18.1B17.9B17.8B17.1B30.2B31.7B
Total Liab17.6B17.5B18.7B18.9B26.3B27.6B
Property Plant And Equipment Gross25.3B24.3B40.1B42.2B57.6B60.5B
Total Current Assets6.3B8.5B7.7B6.5B7.5B7.9B
Accumulated Other Comprehensive Income(265M)(216M)(133M)29M14M14.7M
Short Term Debt100M657M193M96M2.0B2.1B
Accounts Payable539M493M518M633M960M1.0B
Common Stock Total Equity853M855M1.3B1.3B1.5B807.9M
Common Stock1.3B1.3B1.3B1.3B1.9B1.9B
Short Term Investments237M290M82M880M23M21.9M
Current Deferred Revenue523M1.0B770M2.6B3.0B3.1B
Other Liab8.4B8.0B9.9B9.9B11.4B7.0B
Net Tangible Assets18.7B20.2B19.3B17.4B20.0B16.3B
Other Assets2.6B2.6B2.7B2.6B2.4B2.7B
Long Term Debt6.1B5.5B5.6B5.6B7.0B5.8B
Long Term Debt Total3.6B6.7B6.0B6.1B7.0B5.7B
Capital Surpluse9.6B18.2B18.1B18.0B20.7B14.5B
Long Term Investments3.2B3.2B3.2B3.3B4.1B2.2B
Property Plant Equipment25.3B24.3B24.1B24.1B27.7B20.3B

Pair Trading with Newmont Goldcorp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Newmont Goldcorp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Newmont Goldcorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Newmont Stock

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Moving against Newmont Stock

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The ability to find closely correlated positions to Newmont Goldcorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newmont Goldcorp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Newmont Goldcorp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Newmont Goldcorp Corp to buy it.
The correlation of Newmont Goldcorp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newmont Goldcorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newmont Goldcorp Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Newmont Goldcorp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Newmont Goldcorp Corp is a strong investment it is important to analyze Newmont Goldcorp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newmont Goldcorp's future performance. For an informed investment choice regarding Newmont Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newmont Goldcorp Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Please note, there is a significant difference between Newmont Goldcorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Newmont Goldcorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newmont Goldcorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.