Barrick Gold (Barrick Gold) Equity-to-Asset

: 0.51 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Barrick Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $23,341 Mil. Barrick Gold's Total Assets for the quarter that ended in Dec. 2023 was $45,811 Mil. Therefore, Barrick Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.51.

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

GOLD' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27 Med: 0.43 Max: 0.51
Current: 0.51

During the past 13 years, the highest Equity to Asset Ratio of Barrick Gold was 0.51. The lowest was 0.27. And the median was 0.43.

GOLD's Equity-to-Asset is ranked worse than
72.78% of 2697 companies
in the Metals & Mining industry
Industry Median: 0.81 vs GOLD: 0.51

Barrick Gold Equity-to-Asset Historical Data

The historical data trend for Barrick Gold's Equity-to-Asset 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

Equity-to-Asset

0.48

0.50

0.51

0.50

0.51

Barrick Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.50	0.49	0.50	0.51	0.51

Competitive Comparison

For the Gold subindustry, Barrick Gold's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

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

Barrick Gold Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Barrick Gold's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	23341	/	45811
	=	0.51

Barrick Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	23341	/	45811
	=	0.51

Barrick Gold (NYSE:GOLD) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Barrick Gold Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Barrick Gold's Equity-to-Asset 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 » Equity-to-Asset

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.