Newmont Corporation (NEM) Interest Coverage Ratio: 34.40x
The interest coverage ratio for Newmont Corporation (NEM) is 34.40x as of Thursday, June 11, 2026.
NEM Interest Coverage Ratio Metrics
INTEREST COVERAGE RATIO
34.40x
NEM Competitors' Interest Coverage Ratio
| NAME | MARKET CAP | INTEREST COVERAGE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Newmont Corporation (NEM) | $101.04B | 34.40x | N/A | N/A | N/A |
| Freeport-McMoRan Inc. (FCX) | $91.93B | 17.05x | 19.29x | 15.97x | 13.34x |
| The Sherwin-Williams Company (SHW) | $75.55B | 8.11x | 8.41x | 8.15x | 8.08x |
| Ecolab Inc. (ECL) | $72.95B | 12.08x | 9.90x | 8.00x | 7.79x |
| Air Products and Chemicals, Inc. (APD) | $62.06B | -4.10x | 17.23x | 17.20x | 17.49x |
| Nucor Corporation (NUE) | $58.38B | 45.07x | 29.07x | 32.86x | 37.72x |
| Vulcan Materials Company (VMC) | $35.36B | 3.41x | 5.28x | 5.86x | 6.14x |
| International Flavors & Fragrances Inc. (IFF) | $19.79B | 3.68x | 3.09x | 3.09x | 3.13x |
| DuPont de Nemours, Inc. (DD) | $18.56B | 2.75x | 3.88x | 4.05x | 3.80x |
| Alcoa Corporation (AA) | $17.72B | 6.15x | 6.81x | 9.88x | 9.08x |
Financial Health Indicators
Interest Coverage
34.4x
Debt/Equity
0.17
Current Ratio
2.29
Formula: Interest Coverage = EBIT / Interest Expense
Reference ranges:
- < 1.5x: EBIT is less than 1.5 times interest expense
- 1.5x - 3x: EBIT is between 1.5 and 3 times interest expense
- 3x - 5x: EBIT is between 3 and 5 times interest expense
- > 5x: EBIT is more than 5 times interest expense
Note: Interest coverage should be compared with historical interest expense, operating income, and industry capital structure.
Newmont Corporation Interest Coverage Ratio Formula & Definition
Interest Coverage = EBIT / Interest Expense
The interest coverage ratio measures operating earnings relative to interest expense.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Newmont Corporation Interest Coverage Ratio FAQ
- What is the interest coverage ratio for Newmont Corporation (NEM)?
- The interest coverage ratio for NEM stock is 34.40x.
About Newmont Corporation
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.
- Sector
- Basic Materials
- Industry
- Gold
- CEO
- Natascha Viljoen