Newmont Corporation (NEM) Quick Ratio (Acid-Test): 1.82
Is Newmont Corporation’s quick ratio (acid-test) high or low?
Newmont Corporation's quick ratio (acid-test) of 1.82 is 11% above its 5-year average of 1.64, near the high end of its 5-year range (0.81–2.23).
As of Tuesday, June 16, 2026. 15.19% above its 12-month average of 1.58.
NEM Quick Ratio (Acid-Test) Chart
NEM Average Quick Ratio (Acid-Test) Chart
NEM Current vs Average Quick Ratio (Acid-Test) Chart
NEM Quick Ratio (Acid-Test) Metrics
QUICK RATIO (ACID-TEST)
1.82
QUICK RATIO (ACID-TEST) AVG TTM
1.58
QUICK RATIO (ACID-TEST) AVG 3Y
1.40
QUICK RATIO (ACID-TEST) AVG 5Y
1.64
QUICK RATIO (ACID-TEST) AVG 10Y
1.89
QUICK RATIO (ACID-TEST) AVG 15Y
1.77
QUICK RATIO (ACID-TEST) AVG 20Y
1.73
CURRENT VS TTM AVG
+15.19%
CURRENT VS 3Y AVG
+30.00%
CURRENT VS 5Y AVG
+11.20%
CURRENT VS 10Y AVG
-3.75%
CURRENT VS 15Y AVG
+3.04%
CURRENT VS 20Y AVG
+5.38%
NEM Competitors' Quick Ratio (Acid-Test)
| NAME | MARKET CAP | QUICK RATIO (ACID-TEST) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Newmont Corporation (NEM) | $115.90B | 1.82 | 1.58 | 1.40 | 1.64 |
| Freeport-McMoRan Inc. (FCX)vs › | $101.59B | 1.05 | 1.11 | 1.31 | 1.43 |
| The Sherwin-Williams Company (SHW)vs › | $79.49B | 0.53 | 0.49 | 0.51 | 0.53 |
| Ecolab Inc. (ECL)vs › | $77.01B | 0.81 | 0.88 | 0.90 | 0.97 |
| Air Products and Chemicals, Inc. (APD)vs › | $62.49B | 1.20 | 1.27 | 1.34 | 1.94 |
| Nucor Corporation (NUE)vs › | $59.51B | 1.57 | 1.52 | 1.88 | 1.85 |
| Vulcan Materials Company (VMC)vs › | $39.18B | 1.97 | 1.63 | 1.75 | 1.71 |
| Nutrien Ltd. (NTR)vs › | $31.51B | 0.70 | 0.67 | 0.65 | 0.66 |
| Dow Inc. (DOW)vs › | $23.76B | 1.25 | 1.11 | 1.15 | 1.13 |
| International Flavors & Fragrances Inc. (IFF)vs › | $19.88B | 0.82 | 1.07 | 1.06 | 1.08 |
Liquidity Comparison
Quick Ratio
1.82
Excludes inventory
Current Ratio
2.29
Includes inventory
Newmont Corporation Quick Ratio (Acid-Test) Formula & Definition
Quick Ratio = (Current Assets − Inventory) / Current Liabilities
The quick ratio is a stricter liquidity measure that excludes inventory, showing the ability to meet short-term obligations with the most liquid assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Newmont Corporation Quick Ratio (Acid-Test) FAQ
- What is the quick ratio (acid-test) for Newmont Corporation (NEM)?
- The quick ratio (acid-test) for NEM stock is 1.82.
- Is Newmont Corporation's quick ratio (acid-test) high or low?
- Newmont Corporation's quick ratio (acid-test) of 1.82 is 11% above its 5-year average of 1.64, near the high end of its 5-year range (0.81–2.23).
- What is the TTM average quick ratio (acid-test) for Newmont Corporation (NEM)?
- The TTM average quick ratio (acid-test) for NEM stock is 1.58.
- What is the 3Y average quick ratio (acid-test) for Newmont Corporation (NEM)?
- The 3Y average quick ratio (acid-test) for NEM stock is 1.40.
- What is the 5Y average quick ratio (acid-test) for Newmont Corporation (NEM)?
- The 5Y average quick ratio (acid-test) for NEM stock is 1.64.
- What is the 10Y average quick ratio (acid-test) for Newmont Corporation (NEM)?
- The 10Y average quick ratio (acid-test) for NEM stock is 1.89.
- What is the 15Y average quick ratio (acid-test) for Newmont Corporation (NEM)?
- The 15Y average quick ratio (acid-test) for NEM stock is 1.77.
- What is the 20Y average quick ratio (acid-test) for Newmont Corporation (NEM)?
- The 20Y average quick ratio (acid-test) for NEM stock is 1.73.
Newmont Corporation Quick Ratio (Acid-Test) History
| DATE | QUICK RATIO (ACID-TEST) |
|---|---|
| 2025-12-31 | 1.82 |
| 2024-12-31 | 1.34 |
| 2023-12-31 | 0.81 |
| 2022-12-31 | 1.63 |
| 2021-12-31 | 2.23 |
| 2020-12-31 | 1.99 |
| 2019-12-31 | 1.86 |
| 2018-12-31 | 2.21 |
| 2017-12-31 | 2.65 |
| 2016-12-31 | 1.88 |
| 2015-12-31 | 2.38 |
| 2014-12-31 | 1.85 |
| 2013-12-31 | 1.23 |
| 2012-12-31 | 1.01 |
| 2011-12-31 | 1.19 |
| 2010-12-31 | 2.18 |
| 2009-12-31 | 2.30 |
| 2008-12-31 | 1.15 |
| 2007-12-31 | 1.47 |
| 2006-12-31 | 1.08 |
| 2005-12-31 | 2.01 |
| 2004-12-31 | 2.23 |
| 2003-12-31 | 2.26 |
| 2002-12-31 | 0.89 |
| 2001-12-31 | 0.67 |
| 2000-12-31 | 0.61 |
| 1999-12-31 | 0.77 |
| 1998-12-31 | 1.10 |
| 1997-12-31 | 0.77 |
| 1996-12-31 | 1.19 |
Related Metrics
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