Barrick Gold (Barrick Gold) Interest Expense : $-350 Mil (TTM As of Dec. 2023)

View and export this data going back to 1987. Start your Free Trial

What is Barrick Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Barrick Gold's interest expense for the three months ended in Dec. 2023 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-350 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Barrick Gold's Operating Income for the three months ended in Dec. 2023 was $ 634 Mil. Barrick Gold's Interest Expense for the three months ended in Dec. 2023 was $ -14 Mil. Barrick Gold's Interest Coverage for the quarter that ended in Dec. 2023 was 45.29. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Barrick Gold Interest Expense Historical Data

The historical data trend for Barrick Gold's Interest Expense 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 Interest Expense Chart

Barrick Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-427.00

-323.00

-346.00

-341.00

-350.00

Barrick Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-37.00	-119.00	-107.00	-110.00	-14.00

Barrick Gold Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-350 Mil.

Barrick Gold (NYSE:GOLD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Barrick Gold's Interest Expense for the three months ended in Dec. 2023 was $-14 Mil. Its Operating Income for the three months ended in Dec. 2023 was $634 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,180 Mil.

Barrick Gold's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	634	/	-14
	=	45.29

The higher the ratio, the stronger the company's financial strength is.

Barrick Gold (Barrick Gold) Business Description

Industry

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

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.