B2Gold Corp (BTO) — Capital Reinvestment Ratio
B2Gold Corp (BTO) has a Capital Reinvestment Ratio of 0.31x as of March 2026, meaning it reinvests 0% of its operating cash flow (CA$522.04 Million) in capital expenditures (CA$163.27 Million). See BTO net asset quality index to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
B2Gold Corp Capital Reinvestment Ratio (2010–2025)
This chart tracks B2Gold Corp's Capital Reinvestment Ratio across 16 annual periods. Check B2Gold Corp cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for B2Gold Corp (2010–2025)
Year-by-year Capital Reinvestment Ratio for B2Gold Corp from 2010 to 2025. For live market cap and broader valuation context, see B2Gold Corp stock valuation.
| Year | Reinvestment Ratio | Operating CF (CAD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.93x | CA$892.75 Million | CA$826.37 Million | ▼ -7.4% |
| 2024 | 1.00x | CA$824.38 Million | CA$824.19 Million | ▼ -3.4% |
| 2023 | 1.04x | CA$721.38 Million | CA$746.75 Million | ▲ +119.8% |
| 2022 | 0.47x | CA$573.74 Million | CA$270.15 Million | ▲ +37.3% |
| 2021 | 0.34x | CA$705.83 Million | CA$242.07 Million | ▲ +5.7% |
| 2020 | 0.32x | CA$985.77 Million | CA$319.83 Million | ▼ -41.7% |
| 2019 | 0.56x | CA$467.99 Million | CA$260.27 Million | ▲ +3.8% |
| 2018 | 0.54x | CA$394.09 Million | CA$211.18 Million | ▼ -80.7% |
| 2017 | 2.77x | CA$137.14 Million | CA$380.05 Million | ▲ +210.7% |
| 2016 | 0.89x | CA$385.62 Million | CA$343.94 Million | ▼ -43.0% |
| 2015 | 1.57x | CA$148.51 Million | CA$232.55 Million | ▼ -49.9% |
| 2014 | 3.12x | CA$99.72 Million | CA$311.39 Million | ▲ +39.7% |
| 2013 | 2.24x | CA$148.12 Million | CA$331.09 Million | ▲ +66.3% |
| 2012 | 1.34x | CA$105.04 Million | CA$141.23 Million | ▲ +45.9% |
| 2011 | 0.92x | CA$99.31 Million | CA$91.52 Million | ▼ -25.1% |
| 2010 | 1.23x | CA$35.35 Million | CA$43.48 Million | — |