Newmont Corp., current enterprise value calculation

Current share price (P)	$42.26
No. shares of common stock outstanding	1,153,140,195
US$ in millions
Common equity (market value)¹	48,732)
Add: Noncontrolling interests (per books)	178)
Total equity	48,910)
Add: Current finance lease and other financing obligations (per books)	114)
Add: Current debt (per books)	1,923)
Add: Non-current debt (per books)	6,951)
Add: Non-current finance lease and other financing obligations (per books)	448)
Total equity and debt	58,346)
Less: Cash and cash equivalents	3,002)
Less: Time deposits and other investments	23)
Enterprise value (EV)	55,321)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 42.26 × 1,153,140,195

Newmont Corp., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Share price^1, 2	$31.25	$44.26	$66.72	$57.36	$48.10
No. shares of common stock outstanding¹	1,152,551,607	793,794,062	792,502,327	800,314,223	807,583,184
US$ in millions
Common equity (market value)³	36,017)	35,133)	52,876)	45,906)	38,845)
Add: Noncontrolling interests (book value)	178)	179)	(209)	837)	950)
Total equity	36,195)	35,312)	52,667)	46,743)	39,795)
Add: Current finance lease and other financing obligations (book value)	114)	96)	106)	106)	100)
Add: Current debt (book value)	1,923)	—)	87)	551)	—)
Add: Non-current debt (book value)	6,951)	5,571)	5,565)	5,480)	6,138)
Add: Non-current finance lease and other financing obligations (book value)	448)	465)	544)	565)	596)
Total equity and debt	45,631)	41,444)	58,969)	53,445)	46,629)
Less: Cash and cash equivalents	3,002)	2,877)	4,992)	5,540)	2,243)
Less: Time deposits and other investments	23)	880)	82)	290)	237)
Enterprise value (EV)	42,606)	37,687)	53,895)	47,615)	44,149)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Newmont Corp. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 31.25 × 1,152,551,607

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Newmont Corp. EV decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Newmont Corp. (NYSE:NEM)

Enterprise Value (EV)