Barrick Gold (Barrick Gold) Debt-to-EBITDA

: 0.97 (As of Dec. 2023)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Barrick Gold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $43 Mil. Barrick Gold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,180 Mil. Barrick Gold's annualized EBITDA for the quarter that ended in Dec. 2023 was $5,396 Mil. Barrick Gold's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 0.97.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Barrick Gold's Debt-to-EBITDA or its related term are showing as below:

GOLD' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -43.32 Med: 0.89 Max: 3.45
Current: 1

During the past 13 years, the highest Debt-to-EBITDA Ratio of Barrick Gold was 3.45. The lowest was -43.32. And the median was 0.89.

GOLD's Debt-to-EBITDA is ranked better than
64.46% of 543 companies
in the Metals & Mining industry
Industry Median: 1.99 vs GOLD: 1.00

Barrick Gold Debt-to-EBITDA Historical Data

The historical data trend for Barrick Gold's Debt-to-EBITDA 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.

* Premium members only.

Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-EBITDA

0.63

0.72

0.77

1.31

1.00

Barrick Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-EBITDA																-4.29	1.10	0.88	0.84	0.97

Competitive Comparison

For the Gold subindustry, Barrick Gold's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Barrick Gold Debt-to-EBITDA Distribution

For the Metals & Mining industry and Basic Materials sector, Barrick Gold's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Barrick Gold's Debt-to-EBITDA falls into.

Barrick Gold Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Barrick Gold's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(43	+	5180)	/	5207
	=	1.00

Barrick Gold's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(43	+	5180)	/	5396
	=	0.97

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2023) EBITDA data.

Barrick Gold (NYSE:GOLD) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Barrick Gold Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Barrick Gold's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Barrick Gold (Barrick Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Barrick Gold Corp (NYSE:GOLD) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

ABX:Peru ABX.N:Mexico 0R22:UK ABR:Germany ABR:Germany ABR:Germany ABR:Germany ABX:Canada

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.