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.
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.
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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
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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 Total | 6.3B | 6.1B | 9.4B | 9.9B | Total Assets | 40.6B | 38.5B | 55.5B | 58.3B |
Newmont Goldcorp balance sheet Correlations
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Newmont Goldcorp Account Relationship Matchups
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Newmont Goldcorp balance sheet Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 40.0B | 41.4B | 40.6B | 38.5B | 55.5B | 58.3B | |
Short Long Term Debt Total | 6.8B | 6.7B | 6.3B | 6.1B | 9.4B | 9.9B | |
Other Current Liab | 1.2B | 1.2B | 1.2B | 2.2B | 406M | 632.7M | |
Total Current Liabilities | 2.4B | 3.4B | 2.7B | 2.9B | 6.0B | 6.3B | |
Total Stockholder Equity | 21.4B | 23.0B | 22.0B | 19.4B | 29.0B | 30.5B | |
Property Plant And Equipment Net | 25.3B | 24.3B | 24.1B | 24.1B | 37.6B | 39.4B | |
Net Debt | 4.6B | 1.2B | 1.3B | 3.3B | 6.4B | 6.8B | |
Retained Earnings | 2.3B | 4.0B | 3.1B | 916M | (3.0B) | (2.8B) | |
Cash | 2.2B | 5.5B | 5.0B | 2.9B | 3.0B | 1.5B | |
Non Current Assets Total | 33.7B | 32.9B | 32.9B | 32.0B | 48.0B | 50.4B | |
Non Currrent Assets Other | 2.0B | 2.3B | 2.5B | 2.5B | 3.0B | 1.7B | |
Cash And Short Term Investments | 2.5B | 5.8B | 5.1B | 3.8B | 3.0B | 1.6B | |
Net Receivables | 373M | 449M | 337M | 366M | 1.2B | 1.3B | |
Common Stock Shares Outstanding | 737M | 806M | 801M | 795M | 841M | 883.1M | |
Liabilities And Stockholders Equity | 40.0B | 41.4B | 40.6B | 38.5B | 55.5B | 58.3B | |
Non Current Liabilities Total | 15.2B | 14.1B | 16.0B | 16.0B | 20.3B | 21.3B | |
Inventory | 1.8B | 1.8B | 1.8B | 1.8B | 2.6B | 2.8B | |
Other Current Assets | 570M | 436M | 498M | 639M | 420M | 317.7M | |
Other Stockholder Equity | 18.1B | 17.9B | 17.8B | 17.1B | 30.2B | 31.7B | |
Total Liab | 17.6B | 17.5B | 18.7B | 18.9B | 26.3B | 27.6B | |
Property Plant And Equipment Gross | 25.3B | 24.3B | 40.1B | 42.2B | 57.6B | 60.5B | |
Total Current Assets | 6.3B | 8.5B | 7.7B | 6.5B | 7.5B | 7.9B | |
Accumulated Other Comprehensive Income | (265M) | (216M) | (133M) | 29M | 14M | 14.7M | |
Short Term Debt | 100M | 657M | 193M | 96M | 2.0B | 2.1B | |
Accounts Payable | 539M | 493M | 518M | 633M | 960M | 1.0B | |
Common Stock Total Equity | 853M | 855M | 1.3B | 1.3B | 1.5B | 807.9M | |
Common Stock | 1.3B | 1.3B | 1.3B | 1.3B | 1.9B | 1.9B | |
Short Term Investments | 237M | 290M | 82M | 880M | 23M | 21.9M | |
Current Deferred Revenue | 523M | 1.0B | 770M | 2.6B | 3.0B | 3.1B | |
Other Liab | 8.4B | 8.0B | 9.9B | 9.9B | 11.4B | 7.0B | |
Net Tangible Assets | 18.7B | 20.2B | 19.3B | 17.4B | 20.0B | 16.3B | |
Other Assets | 2.6B | 2.6B | 2.7B | 2.6B | 2.4B | 2.7B | |
Long Term Debt | 6.1B | 5.5B | 5.6B | 5.6B | 7.0B | 5.8B | |
Long Term Debt Total | 3.6B | 6.7B | 6.0B | 6.1B | 7.0B | 5.7B | |
Capital Surpluse | 9.6B | 18.2B | 18.1B | 18.0B | 20.7B | 14.5B | |
Long Term Investments | 3.2B | 3.2B | 3.2B | 3.3B | 4.1B | 2.2B | |
Property Plant Equipment | 25.3B | 24.3B | 24.1B | 24.1B | 27.7B | 20.3B |
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
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.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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.