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 ratio | 40.5x |
Cash | US$4.15b |
Equity | US$32.00b |
Total liabilities | US$13.81b |
Total assets | US$45.81b |
Recent financial health updates
These 4 Measures Indicate That Barrick Gold (TSE:ABX) Is Using Debt Reasonably Well
Mar 28Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?
Nov 21Barrick Gold (TSE:ABX) Has A Somewhat Strained Balance Sheet
Jul 17Is Barrick Gold (TSE:ABX) Using Too Much Debt?
Apr 18Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?
Dec 09Recent updates
These 4 Measures Indicate That Barrick Gold (TSE:ABX) Is Using Debt Reasonably Well
Mar 28Barrick Gold's (TSE:ABX) Promising Earnings May Rest On Soft Foundations
Feb 21Pinning Down Barrick Gold Corporation's (TSE:ABX) P/S Is Difficult Right Now
Feb 08A Look At The Fair Value Of Barrick Gold Corporation (TSE:ABX)
Dec 22Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?
Nov 21Is Barrick Gold Corporation (TSE:ABX) Expensive For A Reason? A Look At Its Intrinsic Value
Aug 07Barrick Gold (TSE:ABX) Has A Somewhat Strained Balance Sheet
Jul 17Is Barrick Gold Corporation (TSE:ABX) Expensive For A Reason? A Look At Its Intrinsic Value
May 08Is Barrick Gold (TSE:ABX) Using Too Much Debt?
Apr 18Barrick Gold Corporation's (TSE:ABX) Intrinsic Value Is Potentially 20% Below Its Share Price
Jan 10Does Barrick Gold (TSE:ABX) Have A Healthy Balance Sheet?
Dec 09Financial 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).