Barrick Gold Balance Sheet Health
Financial Health criteria checks 5/6
Barrick Gold has a total shareholder equity of $31.7B and total debt of $4.7B, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are $45.6B and $13.9B respectively. Barrick Gold's EBIT is $3.0B making its interest coverage ratio 27.3. It has cash and short-term investments of $4.3B.
Key information
14.9%
Debt to equity ratio
US$4.71b
Debt
Interest coverage ratio | 27.3x |
Cash | US$4.26b |
Equity | US$31.70b |
Total liabilities | US$13.90b |
Total assets | US$45.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BARR34's short term assets ($7.4B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: BARR34's short term assets ($7.4B) do not cover its long term liabilities ($11.5B).
Debt to Equity History and Analysis
Debt Level: BARR34's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: BARR34's debt to equity ratio has reduced from 53.5% to 14.9% over the past 5 years.
Debt Coverage: BARR34's debt is well covered by operating cash flow (74.9%).
Interest Coverage: BARR34's interest payments on its debt are well covered by EBIT (27.3x coverage).