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B2Gold Corp (TSE:BTO)
TSX:BTO
Canadian Market

B2Gold (BTO) Ratios

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B2Gold Ratios

TSE:BTO's free cash flow for Q3 2025 was $―. For the 2025 fiscal year, TSE:BTO's free cash flow was decreased by $ and operating cash flow was $―. See a summary of the company’s cash flow.
Ratios
TTM
Dec 24Dec 23Dec 22Dec 21
Liquidity Ratios
Current Ratio
0.98 2.27 4.43 4.52 2.67
Quick Ratio
0.40 1.16 3.01 3.35 1.83
Cash Ratio
0.32 0.98 2.79 2.91 1.68
Solvency Ratio
-0.03 0.43 1.12 1.33 1.32
Operating Cash Flow Ratio
0.55 2.28 2.55 3.13 3.32
Short-Term Operating Cash Flow Coverage
16.98 43.95 38.39 28.50 27.87
Net Current Asset Value
$ -1.04B$ -253.91M$ 465.73M$ 445.83M$ 60.91M
Leverage Ratios
Debt-to-Assets Ratio
0.08 0.05 0.02 0.02 0.03
Debt-to-Equity Ratio
0.14 0.06 0.02 0.03 0.04
Debt-to-Capital Ratio
0.12 0.05 0.02 0.03 0.04
Long-Term Debt-to-Capital Ratio
0.10 0.04 0.01 0.02 0.03
Financial Leverage Ratio
1.62 1.28 1.22 1.25 1.31
Debt Service Coverage Ratio
24.85 15.17 25.85 21.95 19.83
Interest Coverage Ratio
3.68 23.51 15.03 60.57 38.40
Debt to Market Cap
0.07 0.05 0.02 0.02 0.02
Interest Debt Per Share
0.36 0.19 0.06 0.08 0.12
Net Debt to EBITDA
0.07 -0.12 -0.64 -0.55 -0.27
Profitability Margins
Gross Profit Margin
58.56%61.13%34.88%43.61%53.57%
EBIT Margin
68.35%17.28%31.25%41.88%58.71%
EBITDA Margin
85.49%38.08%53.41%61.39%75.56%
Operating Profit Margin
4.81%16.93%9.41%40.55%33.92%
Pretax Profit Margin
-2.04%16.56%30.63%41.21%57.82%
Net Profit Margin
-19.96%0.52%14.60%23.84%35.11%
Continuous Operations Profit Margin
-19.20%2.15%16.55%26.15%37.59%
Net Income Per EBT
980.50%3.15%47.66%57.84%60.72%
EBT Per EBIT
-42.29%97.84%325.63%101.62%170.48%
Return on Assets (ROA)
-8.19%0.21%6.87%11.80%18.68%
Return on Equity (ROE)
-13.96%0.26%8.41%14.69%24.42%
Return on Capital Employed (ROCE)
2.42%7.18%4.73%21.46%19.72%
Return on Invested Capital (ROIC)
22.62%0.93%2.54%13.51%12.68%
Return on Tangible Assets
-8.19%0.21%6.87%12.05%18.88%
Earnings Yield
-7.58%0.26%6.71%10.12%10.76%
Efficiency Ratios
Receivables Turnover
40.40 51.33 0.00 27.62 0.00
Payables Turnover
5.72 4.50 9.83 8.89 9.33
Inventory Turnover
1.61 2.17 3.40 3.65 3.49
Fixed Asset Turnover
0.61 0.54 0.76 0.79 0.75
Asset Turnover
0.41 0.40 0.47 0.49 0.53
Working Capital Turnover Ratio
27.92 3.23 2.14 2.73 4.98
Cash Conversion Cycle
172.22 94.19 70.27 72.22 65.47
Days of Sales Outstanding
9.03 7.11 0.00 13.21 0.00
Days of Inventory Outstanding
227.05 168.20 107.41 100.04 104.61
Days of Payables Outstanding
63.86 81.12 37.13 41.03 39.14
Operating Cycle
236.08 175.31 107.41 113.25 104.61
Cash Flow Ratios
Operating Cash Flow Per Share
0.40 0.58 0.56 0.69 0.91
Free Cash Flow Per Share
-0.23 0.52 0.19 0.40 0.57
CapEx Per Share
0.63 0.06 0.37 0.29 0.34
Free Cash Flow to Operating Cash Flow
-0.58 0.89 0.34 0.58 0.63
Dividend Paid and CapEx Coverage Ratio
0.54 2.72 1.06 1.54 2.03
Capital Expenditure Coverage Ratio
0.63 9.36 1.53 2.40 2.70
Operating Cash Flow Coverage Ratio
1.20 3.23 10.41 9.64 8.64
Operating Cash Flow to Sales Ratio
0.24 0.37 0.34 0.41 0.53
Free Cash Flow Yield
-5.37%16.39%5.45%10.17%10.24%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-13.18 385.46 14.90 9.88 9.30
Price-to-Sales (P/S) Ratio
2.63 2.01 2.17 2.35 3.26
Price-to-Book (P/B) Ratio
1.75 1.02 1.25 1.45 2.27
Price-to-Free Cash Flow (P/FCF) Ratio
-18.61 6.10 18.33 9.84 9.76
Price-to-Operating Cash Flow Ratio
10.74 5.45 6.32 5.73 6.14
Price-to-Earnings Growth (PEG) Ratio
-0.49 -3.99 -0.37 -0.30 0.09
Price-to-Fair Value
1.75 1.02 1.25 1.45 2.27
Enterprise Value Multiple
3.14 5.17 3.43 3.28 4.05
Enterprise Value
5.85B 3.81B 3.17B 3.55B 5.47B
EV to EBITDA
3.15 5.17 3.43 3.28 4.05
EV to Sales
2.69 1.97 1.83 2.02 3.06
EV to Free Cash Flow
-19.07 5.96 15.44 8.42 9.14
EV to Operating Cash Flow
10.99 5.33 5.32 4.90 5.75
Tangible Book Value Per Share
2.50 3.17 2.93 2.81 2.55
Shareholders’ Equity Per Share
2.47 3.09 2.83 2.71 2.47
Tax and Other Ratios
Effective Tax Rate
-8.43 0.87 0.46 0.37 0.35
Revenue Per Share
1.64 1.57 1.63 1.67 1.71
Net Income Per Share
-0.33 <0.01 0.24 0.40 0.60
Tax Burden
9.81 0.03 0.48 0.58 0.61
Interest Burden
-0.03 0.96 0.98 0.98 0.98
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.03 0.03 0.05 0.04 0.04
Stock-Based Compensation to Revenue
0.00 <0.01 0.01 0.01 <0.01
Income Quality
-1.22 70.76 2.08 1.57 1.41
Currency in USD