Barrick Gold Balance Sheet Health
Financial Health criteria checks 5/6
Barrick Gold has a total shareholder equity of $32.9B and total debt of $4.7B, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are $47.4B and $14.5B respectively. Barrick Gold's EBIT is $3.1B making its interest coverage ratio 44.1. It has cash and short-term investments of $4.2B.
Key information
14.2%
Debt to equity ratio
US$4.67b
Debt
| Interest coverage ratio | 44.1x |
| Cash | US$4.23b |
| Equity | US$32.90b |
| Total liabilities | US$14.46b |
| Total assets | US$47.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ABR's short term assets ($8.0B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: ABR's short term assets ($8.0B) do not cover its long term liabilities ($11.4B).
Debt to Equity History and Analysis
Debt Level: ABR's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: ABR's debt to equity ratio has reduced from 19.6% to 14.2% over the past 5 years.
Debt Coverage: ABR's debt is well covered by operating cash flow (87.7%).
Interest Coverage: ABR's interest payments on its debt are well covered by EBIT (44.1x coverage).