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
No updates
Recent updates
Barrick Gold: Still Trading At A Discount Despite Record Gold Prices
Apr 11Barrick Gold: Bullish Tailwinds As Precious Metals Soar
Mar 21Barrick: The Story Repeats
Feb 06Barrick Taps Into Existing Asset Base For Expansion
Jan 17Is Barrick Gold Ready To Shine In 2024? (Rating Upgrade)
Dec 20Barrick Gold Q4 earnings on deck, what to expect
Feb 14Barrick reports production of 547k oz gold in 2022 from Tanzania mines
Jan 25Barrick Gold targets 2028 for first production from Reko Diq project
Jan 16Barrick Gold: Imminent Pakistan Project Decision, Major Risk/Reward
Dec 06Barrick Gold Q3 preview: Falling production seems to be the norm
Nov 02Financial Position Analysis
Short Term Liabilities: GOLD's short term assets ($7.4B) exceed its short term liabilities ($2.4B).
Long Term Liabilities: GOLD's short term assets ($7.4B) do not cover its long term liabilities ($11.5B).
Debt to Equity History and Analysis
Debt Level: GOLD's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: GOLD's debt to equity ratio has reduced from 60.9% to 16.1% over the past 5 years.
Debt Coverage: GOLD's debt is well covered by operating cash flow (72.2%).
Interest Coverage: GOLD's interest payments on its debt are well covered by EBIT (40.5x coverage).