• Newmont average debt/equity ratio for 2023 was 0.3, a 3.45% decline from 2022.
• Newmont average debt/equity ratio for 2022 was 0.29, a 16% increase from 2021.
• Newmont average debt/equity ratio for 2021 was 0.25, a 7.41% increase from 2020.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.