"Barrick Gold ( ABX +1%) has the potential to reduce debt by ~$4.5B to achieve a debt to total cap ratio of ~35%, RBC analysts Stephen Walker and Melissa Oliphant say ." On March 2, 2016, Barrick closed at $13.58 per share, up $0.31 (+2.84%) per share than the day before, with 14,811,338 shares traded on the New York Stock Exchange. I think that Barrick has the potential to reduce its debt in 2016 because as I already wrote in my previous article, the company is moving to the right direction and well in advance of some of its peers, for example Goldcorp. The company has the potential and is moving according to the right strategy. I want to compare Barrick's financial strength with the financial strength of its peers and the entire industry and sector. Financial situation and debts: who is the least worse? The current ratio is used to test a company's liquidity by deriving the proportion of current assets available to cover current liabilities.