Barrick Gold (Barrick Gold) Cash And Cash Equivalents : $4,148 Mil (As of Dec. 2023)

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What is Barrick Gold Cash And Cash Equivalents?

Barrick Gold's quarterly cash and cash equivalents increased from Jun. 2023 ($4,157.00 Mil) to Sep. 2023 ($4,261.00 Mil) but then stayed the same from Sep. 2023 ($4,261.00 Mil) to Dec. 2023 ($4,148.00 Mil).

Barrick Gold's annual cash and cash equivalents declined from Dec. 2021 ($5,280.00 Mil) to Dec. 2022 ($4,440.00 Mil) and declined from Dec. 2022 ($4,440.00 Mil) to Dec. 2023 ($4,148.00 Mil).

Barrick Gold Cash And Cash Equivalents Historical Data

The historical data trend for Barrick Gold's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Barrick Gold Cash And Cash Equivalents Chart

Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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3,314.00

5,188.00

5,280.00

4,440.00

4,148.00

Barrick Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash And Cash Equivalents	Get a 7-Day Free Trial															4,440.00	4,377.00	4,157.00	4,261.00	4,148.00

Barrick Gold Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Barrick Gold (NYSE:GOLD) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Barrick Gold Cash And Cash Equivalents Related Terms

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Barrick Gold (Barrick Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Barrick Gold Corp (NYSE:GOLD) » Definitions » Cash And Cash Equivalents

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Traded in Other Exchanges

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Address

161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1

Website

https://www.barrick.com

Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2022, the firm produced nearly 4.1 million attributable ounces of gold and about 440 million pounds of copper. At end 2022, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.