Barrick Long Term Debt vs Net Debt Analysis

ABX Stock

CAD 24.44 0.55 2.20%

Barrick Gold financial indicator trend analysis is way more than just evaluating Barrick Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Barrick Gold Corp is a good investment. Please check the relationship between Barrick Gold Long Term Debt and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Barrick Gold Corp Long Term Debt account and Net Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Barrick Gold's Long Term Debt and Net Debt is 0.76. Overlapping area represents the amount of variation of Long Term Debt that can explain the historical movement of Net Debt in the same time period over historical financial statements of Barrick Gold Corp, assuming nothing else is changed. The correlation between historical values of Barrick Gold's Long Term Debt and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Debt of Barrick Gold Corp are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Debt i.e., Barrick Gold's Long Term Debt and Net Debt go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Long Term Debt

Long-term debt is a debt that Barrick Gold Corp has held for over one year. Long-term debt appears on Barrick Gold Corp balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Barrick Gold Corp balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Barrick Gold's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Barrick Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

At this time, Barrick Gold's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 1.2 B, while Discontinued Operations is likely to drop (478.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	4.9B	3.5B	3.5B	2.4B
Total Revenue	12.0B	11.0B	11.4B	5.7B

Gross Profit Total Revenue

Barrick Gold fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Other Current Assets	Current Deferred Revenue	Intangible Assets
Common Stock Shares Outstanding		0.63	-0.16	0.26	0.31	0.67	0.57	-0.43	-0.3	0.29	0.83	0.6	0.95	0.83	0.83	0.89	0.13	0.25	0.02	0.17	0.75	0.77	-0.25	0.6	0.06	-0.78
Total Assets	0.63		0.44	0.74	0.83	0.96	0.99	0.18	0.23	0.68	0.81	1.0	0.66	0.81	0.59	0.57	0.67	0.72	0.43	0.72	0.5	0.93	0.25	0.34	0.34	-0.58
Short Long Term Debt Total	-0.16	0.44		0.57	0.73	0.21	0.5	0.95	0.21	0.81	0.0	0.45	0.03	0.01	-0.07	-0.17	0.93	0.84	0.35	0.92	-0.17	0.31	0.64	0.03	0.54	-0.27
Other Current Liab	0.26	0.74	0.57		0.93	0.68	0.79	0.43	0.41	0.6	0.39	0.75	0.4	0.39	0.4	0.3	0.61	0.63	0.19	0.68	0.42	0.62	0.53	-0.05	0.45	-0.39
Total Current Liabilities	0.31	0.83	0.73	0.93		0.71	0.87	0.57	0.29	0.82	0.43	0.84	0.46	0.44	0.36	0.27	0.8	0.84	0.27	0.86	0.29	0.7	0.6	0.06	0.49	-0.54
Total Stockholder Equity	0.67	0.96	0.21	0.68	0.71		0.94	-0.04	0.35	0.48	0.82	0.96	0.65	0.82	0.68	0.66	0.45	0.51	0.44	0.51	0.61	0.87	0.14	0.34	0.31	-0.46
Property Plant And Equipment Net	0.57	0.99	0.5	0.79	0.87	0.94		0.27	0.28	0.71	0.74	1.0	0.62	0.75	0.57	0.52	0.71	0.75	0.45	0.76	0.48	0.9	0.32	0.3	0.41	-0.56
Net Debt	-0.43	0.18	0.95	0.43	0.57	-0.04	0.27		0.22	0.66	-0.29	0.21	-0.23	-0.28	-0.31	-0.45	0.8	0.71	0.28	0.78	-0.39	0.03	0.68	-0.12	0.48	-0.06
Retained Earnings	-0.3	0.23	0.21	0.41	0.29	0.35	0.28	0.22		-0.06	-0.13	0.28	-0.28	-0.13	0.11	-0.04	0.07	-0.02	0.55	0.11	0.14	-0.07	0.34	-0.19	0.52	0.52
Accounts Payable	0.29	0.68	0.81	0.6	0.82	0.48	0.71	0.66	-0.06		0.38	0.68	0.46	0.39	0.19	0.16	0.92	0.94	0.28	0.93	0.03	0.64	0.4	0.18	0.41	-0.66
Cash	0.83	0.81	0.0	0.39	0.43	0.82	0.74	-0.29	-0.13	0.38		0.78	0.76	1.0	0.65	0.79	0.32	0.36	0.16	0.34	0.6	0.93	-0.22	0.39	-0.06	-0.63
Non Current Assets Total	0.6	1.0	0.45	0.75	0.84	0.96	1.0	0.21	0.28	0.68	0.78		0.63	0.78	0.58	0.54	0.67	0.72	0.45	0.72	0.48	0.91	0.29	0.33	0.38	-0.55
Non Currrent Assets Other	0.95	0.66	0.03	0.4	0.46	0.65	0.62	-0.23	-0.28	0.46	0.76	0.63		0.77	0.84	0.87	0.29	0.41	-0.02	0.33	0.76	0.77	-0.16	0.57	0.24	-0.87
Cash And Short Term Investments	0.83	0.81	0.01	0.39	0.44	0.82	0.75	-0.28	-0.13	0.39	1.0	0.78	0.77		0.65	0.79	0.32	0.37	0.16	0.35	0.6	0.93	-0.22	0.39	-0.05	-0.64
Net Receivables	0.83	0.59	-0.07	0.4	0.36	0.68	0.57	-0.31	0.11	0.19	0.65	0.58	0.84	0.65		0.9	0.1	0.15	0.17	0.15	0.9	0.61	-0.13	0.56	0.41	-0.53
Short Term Investments	0.89	0.57	-0.17	0.3	0.27	0.66	0.52	-0.45	-0.04	0.16	0.79	0.54	0.87	0.79	0.9		0.04	0.07	0.06	0.08	0.9	0.67	-0.36	0.54	0.24	-0.58
Non Current Liabilities Total	0.13	0.67	0.93	0.61	0.8	0.45	0.71	0.8	0.07	0.92	0.32	0.67	0.29	0.32	0.1	0.04		0.95	0.43	0.99	-0.02	0.6	0.49	0.17	0.44	-0.51
Inventory	0.25	0.72	0.84	0.63	0.84	0.51	0.75	0.71	-0.02	0.94	0.36	0.72	0.41	0.37	0.15	0.07	0.95		0.29	0.96	0.01	0.64	0.54	0.17	0.42	-0.62
Other Stockholder Equity	0.02	0.43	0.35	0.19	0.27	0.44	0.45	0.28	0.55	0.28	0.16	0.45	-0.02	0.16	0.17	0.06	0.43	0.29		0.42	0.12	0.26	0.01	0.1	0.37	0.15
Total Liab	0.17	0.72	0.92	0.68	0.86	0.51	0.76	0.78	0.11	0.93	0.34	0.72	0.33	0.35	0.15	0.08	0.99	0.96	0.42		0.03	0.63	0.52	0.15	0.46	-0.53
Property Plant And Equipment Gross	0.75	0.5	-0.17	0.42	0.29	0.61	0.48	-0.39	0.14	0.03	0.6	0.48	0.76	0.6	0.9	0.9	-0.02	0.01	0.12	0.03		0.54	-0.28	0.42	0.37	-0.43
Total Current Assets	0.77	0.93	0.31	0.62	0.7	0.87	0.9	0.03	-0.07	0.64	0.93	0.91	0.77	0.93	0.61	0.67	0.6	0.64	0.26	0.63	0.54		0.03	0.37	0.13	-0.72
Short Term Debt	-0.25	0.25	0.64	0.53	0.6	0.14	0.32	0.68	0.34	0.4	-0.22	0.29	-0.16	-0.22	-0.13	-0.36	0.49	0.54	0.01	0.52	-0.28	0.03		-0.08	0.36	-0.02
Other Current Assets	0.6	0.34	0.03	-0.05	0.06	0.34	0.3	-0.12	-0.19	0.18	0.39	0.33	0.57	0.39	0.56	0.54	0.17	0.17	0.1	0.15	0.42	0.37	-0.08		0.36	-0.47
Current Deferred Revenue	0.06	0.34	0.54	0.45	0.49	0.31	0.41	0.48	0.52	0.41	-0.06	0.38	0.24	-0.05	0.41	0.24	0.44	0.42	0.37	0.46	0.37	0.13	0.36	0.36		-0.1
Intangible Assets	-0.78	-0.58	-0.27	-0.39	-0.54	-0.46	-0.56	-0.06	0.52	-0.66	-0.63	-0.55	-0.87	-0.64	-0.53	-0.58	-0.51	-0.62	0.15	-0.53	-0.43	-0.72	-0.02	-0.47	-0.1

Click cells to compare fundamentals

Barrick Gold Account Relationship Matchups

Barrick Gold fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	1.8B	1.8B	1.8B	1.8B	1.8B	1.8B
Total Assets	44.4B	46.5B	46.9B	46.0B	45.8B	24.1B
Short Long Term Debt Total	5.5B	5.4B	5.5B	5.3B	5.2B	5.2B
Other Current Liab	1.1B	835M	1.2B	2.3B	1.3B	778.5M
Total Current Liabilities	2.4B	2.2B	2.1B	3.1B	2.4B	1.6B
Total Stockholder Equity	7.6B	21.4B	23.3B	23.9B	22.8B	11.8B
Property Plant And Equipment Net	24.3B	24.7B	25.0B	25.9B	26.4B	13.4B
Net Debt	2.2B	176M	193M	810M	1.1B	1.0B
Retained Earnings	(9.7B)	(7.9B)	(6.6B)	(7.3B)	(6.7B)	(6.4B)
Accounts Payable	715M	929M	539M	741M	678M	596.8M
Cash	3.3B	5.2B	5.3B	4.4B	4.1B	2.2B
Non Current Assets Total	37.5B	38.4B	38.6B	37.5B	38.4B	19.9B
Non Currrent Assets Other	3.3B	3.6B	3.7B	3.8B	4.0B	4.2B
Cash And Short Term Investments	3.3B	5.2B	5.3B	4.4B	4.1B	2.2B
Net Receivables	665M	766M	942M	906M	1.2B	1.2B
Short Term Investments	728M	1.5B	1.6B	1.4B	1.7B	1.7B
Liabilities And Stockholders Equity	44.4B	46.5B	46.9B	46.0B	45.8B	24.1B
Non Current Liabilities Total	12.2B	12.6B	12.5B	11.6B	11.5B	8.5B
Inventory	2.3B	1.9B	1.7B	1.8B	1.8B	1.3B
Other Stockholder Equity	2.0B	2.0B	1.9B	1.9B	1.7B	1.6B
Total Liab	14.6B	14.8B	14.6B	14.7B	13.8B	10.1B
Property Plant And Equipment Gross	24.1B	24.6B	65.2B	68.8B	71.1B	74.7B
Total Current Assets	6.9B	8.1B	8.2B	8.5B	7.4B	4.2B
Accumulated Other Comprehensive Income	(122M)	14M	(23M)	26M	24M	25.2M
Short Term Debt	43M	375M	20M	24M	45M	40.9M
Other Current Assets	1.2B	812M	993M	91M	1.3B	1.3B
Current Deferred Revenue	328M	47M	43M	54M	1.4B	1.5B
Intangible Assets	86M	77M	68M	67M	60.3M	57.3M
Other Assets	3.6B	3.7B	3.8B	3.3B	3.8B	2.9B
Good Will	1.3B	1.2B	4.8B	3.6B	3.2B	3.7B
Common Stock Total Equity	20.9B	20.9B	29.2B	29.2B	33.6B	23.7B
Common Stock	29.2B	29.2B	28.5B	28.1B	28.1B	25.3B
Other Liab	7.0B	7.2B	7.0B	6.4B	7.3B	6.8B
Net Tangible Assets	16.4B	18.4B	18.9B	19.0B	21.9B	12.3B
Long Term Debt	5.1B	5.3B	5.4B	5.2B	5.1B	5.9B
Long Term Investments	4.8B	5.1B	5.0B	4.1B	4.3B	2.9B
Property Plant Equipment	24.1B	24.6B	25.0B	25.8B	29.7B	21.5B
Long Term Debt Total	5.2B	5.3B	5.4B	5.3B	4.7B	5.1B

Pair Trading with Barrick Gold

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Barrick Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Barrick Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Barrick Stock

0.78

ORE

Orezone Gold Corp

Pair Corr

Moving against Barrick Stock

0.85	FFH	Fairfax Financial	Pair Corr
0.76	WCN	Waste Connections	Pair Corr
0.68	CSU	Constellation Software	Pair Corr
0.64	FSV	FirstService Corp	Pair Corr
0.49	IFC	Intact Financial	Pair Corr

The ability to find closely correlated positions to Barrick Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Barrick Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Barrick Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Barrick Gold Corp to buy it.

The correlation of Barrick Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Barrick Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Barrick Gold Corp is a strong investment it is important to analyze Barrick Gold's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Barrick Gold's future performance. For an informed investment choice regarding Barrick Stock, refer to the following important reports:

How To Invest In Barrick

Details

Is Barrick Stock a good investment?

Details

What is Barrick Gold's Net Worth?

Details

Largest Metals & Mining Companies

View

Largest Materials Companies

View

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Please note, there is a significant difference between Barrick Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Barrick Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Barrick Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Barrick Long Term Debt vs Net Debt Analysis

Long Term Debt vs Net Debt

Long Term Debt vs Net Debt Correlation Analysis

Correlation Coefficient

Long Term Debt

Net Debt

Barrick Gold fundamental ratios Correlations

Barrick Gold Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Barrick Gold fundamental ratios Accounts

Pair Trading with Barrick Gold

Moving together with Barrick Stock

Moving against Barrick Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Non Current Liabilities Total
Total Stockholder Equity	+ 0.96	Total Assets

Intangible Assets	- 0.87	Non Currrent Assets Other
Intangible Assets	- 0.78	Common Stock Shares Outstanding
Intangible Assets	- 0.72	Total Current Assets
Intangible Assets	- 0.66	Accounts Payable
Intangible Assets	- 0.64	Cash And Short Term Investments
Intangible Assets	- 0.63	Cash