GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Barrick Gold Corp (TSX:ABX) » Definitions » Goodwill-to-Asset

Barrick Gold (TSX:ABX) Goodwill-to-Asset : 0.08 (As of Sep. 2024)


View and export this data going back to 1983. Start your Free Trial

What is Barrick Gold Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Barrick Gold's Goodwill for the quarter that ended in Sep. 2024 was C$4,851 Mil. Barrick Gold's Total Assets for the quarter that ended in Sep. 2024 was C$64,146 Mil. Therefore, Barrick Gold's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.08.


Barrick Gold Goodwill-to-Asset Historical Data

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

Barrick Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.10 0.10 0.08 0.08

Barrick Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.08 0.08 0.08 0.08 0.08

Competitive Comparison of Barrick Gold's Goodwill-to-Asset

For the Gold subindustry, Barrick Gold's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-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's Goodwill-to-Asset Distribution in the Metals & Mining Industry

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

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



Barrick Gold Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

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

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=4804.27/61460.038
=0.08

Barrick Gold's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill to Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=4850.823/64145.728
=0.08

* 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.


Barrick Gold  (TSX:ABX) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Barrick Gold Goodwill-to-Asset Related Terms

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


Barrick Gold Business Description

Address
161 Bay Street, Brookfield Place, Suite 3700, P.O. Box 212, TD Canada Trust Tower, Toronto, ON, CAN, M5J 2S1
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, 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.
Executives
John Steele Senior Officer
Henri Louis Gonin Senior Officer
Lois Vaness Wark Senior Officer
Kevin James Thomson Senior Officer
Poupak Bahamin Senior Officer
Graham Patrick Shuttleworth Senior Officer
Darian Kevin Rich Senior Officer
Joel James Holliday Senior Officer
Mark Francis Hill Senior Officer
Glenn Farley Heard Senior Officer
Grant Bill Beringer Senior Officer
Riaan Grobler Senior Officer
Dennis Mark Bristow Director, Senior Officer
Simon Peter Bottoms Senior Officer
Johann Sebastiaan Bock Senior Officer

Barrick Gold Headlines

No Headlines