Barrick Gold Balance Sheet Health
Financial Health criteria checks 5/6
Barrick Gold has a total shareholder equity of $32.2B and total debt of $4.7B, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are $45.8B and $13.6B respectively. Barrick Gold's EBIT is $2.6B making its interest coverage ratio 77.5. It has cash and short-term investments of $3.9B.
Key information
14.5%
Debt to equity ratio
US$4.67b
Debt
Interest coverage ratio | 77.5x |
Cash | US$3.94b |
Equity | US$32.22b |
Total liabilities | US$13.63b |
Total assets | US$45.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GOLDD's short term assets ($7.3B) exceed its short term liabilities ($2.2B).
Long Term Liabilities: GOLDD's short term assets ($7.3B) do not cover its long term liabilities ($11.4B).
Debt to Equity History and Analysis
Debt Level: GOLDD's net debt to equity ratio (2.3%) is considered satisfactory.
Reducing Debt: GOLDD's debt to equity ratio has reduced from 31.7% to 14.5% over the past 5 years.
Debt Coverage: GOLDD's debt is well covered by operating cash flow (79.6%).
Interest Coverage: GOLDD's interest payments on its debt are well covered by EBIT (77.5x coverage).