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
Barrick: An Alternative To Making Money In Gold
Dec 02Barrick Gold's Valuation Is Too Good To Ignore
Nov 20Barrick Gold: Attractive Entry Point Before Q3 Results
Nov 05Barrick Gold: An Industry Leader, But Not Attractive Enough
Sep 19Barrick Gold: A Good Quarter Doesn't Make It A Buy
Aug 13Barrick Gold: Being Number 3, In A First Place World (Technical Analysis)
Jul 11Barrick Gold: Even More Emerging Risks
Jun 12Barrick Gold Isn't Dead Money As Pessimism Peaks
Jun 03Barrick Gold Q1 Earnings: Don't Miss The Forest For The Trees
May 03Barrick 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 20Financial Position Analysis
Short Term Liabilities: GOLD's short term assets ($8.0B) exceed its short term liabilities ($3.0B).
Long Term Liabilities: GOLD's short term assets ($8.0B) do not cover its long term liabilities ($11.4B).
Debt to Equity History and Analysis
Debt Level: GOLD's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: GOLD's debt to equity ratio has reduced from 19.6% to 14.2% over the past 5 years.
Debt Coverage: GOLD's debt is well covered by operating cash flow (87.7%).
Interest Coverage: GOLD's interest payments on its debt are well covered by EBIT (44.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:53 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Barrick Gold Corporation is covered by 60 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| David Coleman | Argus Research Company |
| Fabrizio Spagna | Axia Financial Research |