Barrick Gold Balance Sheet Health

Financial Health criteria checks 5/6

Barrick Gold has a total shareholder equity of $32.0B and total debt of $5.2B, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are $45.8B and $13.8B respectively. Barrick Gold's EBIT is $2.5B making its interest coverage ratio 40.5. It has cash and short-term investments of $4.1B.

Key information

16.1%

Debt to equity ratio

US$5.17b

Debt

Interest coverage ratio40.5x
CashUS$4.15b
EquityUS$32.00b
Total liabilitiesUS$13.81b
Total assetsUS$45.81b

Recent financial health updates

Recent updates

These 4 Measures Indicate That Barrick Gold (TSE:ABX) Is Using Debt Reasonably Well

Mar 28
These 4 Measures Indicate That Barrick Gold (TSE:ABX) Is Using Debt Reasonably Well

Barrick Gold's (TSE:ABX) Promising Earnings May Rest On Soft Foundations

Feb 21
Barrick Gold's (TSE:ABX) Promising Earnings May Rest On Soft Foundations

Pinning Down Barrick Gold Corporation's (TSE:ABX) P/S Is Difficult Right Now

Feb 08
Pinning Down Barrick Gold Corporation's (TSE:ABX) P/S Is Difficult Right Now

A Look At The Fair Value Of Barrick Gold Corporation (TSE:ABX)

Dec 22
A Look At The Fair Value Of Barrick Gold Corporation (TSE:ABX)

Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?

Nov 21
Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?

Is Barrick Gold Corporation (TSE:ABX) Expensive For A Reason? A Look At Its Intrinsic Value

Aug 07
Is Barrick Gold Corporation (TSE:ABX) Expensive For A Reason? A Look At Its Intrinsic Value

Barrick Gold (TSE:ABX) Has A Somewhat Strained Balance Sheet

Jul 17
Barrick Gold (TSE:ABX) Has A Somewhat Strained Balance Sheet

Is Barrick Gold Corporation (TSE:ABX) Expensive For A Reason? A Look At Its Intrinsic Value

May 08
Is Barrick Gold Corporation (TSE:ABX) Expensive For A Reason? A Look At Its Intrinsic Value

Is Barrick Gold (TSE:ABX) Using Too Much Debt?

Apr 18
Is Barrick Gold (TSE:ABX) Using Too Much Debt?

Barrick Gold Corporation's (TSE:ABX) Intrinsic Value Is Potentially 20% Below Its Share Price

Jan 10
Barrick Gold Corporation's (TSE:ABX) Intrinsic Value Is Potentially 20% Below Its Share Price

Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?

Dec 09
Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?

Financial Position Analysis

Short Term Liabilities: ABX's short term assets ($7.4B) exceed its short term liabilities ($2.4B).

Long Term Liabilities: ABX's short term assets ($7.4B) do not cover its long term liabilities ($11.5B).


Debt to Equity History and Analysis

Debt Level: ABX's net debt to equity ratio (3.2%) is considered satisfactory.

Reducing Debt: ABX's debt to equity ratio has reduced from 60.9% to 16.1% over the past 5 years.

Debt Coverage: ABX's debt is well covered by operating cash flow (72.2%).

Interest Coverage: ABX's interest payments on its debt are well covered by EBIT (40.5x coverage).


Balance Sheet


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