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). Check BTO intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see cash efficiency ratio of B2Gold Corp.
Annual Capital Reinvestment Ratio for B2Gold Corp (2010–2025)
Year-by-year Capital Reinvestment Ratio for B2Gold Corp from 2010 to 2025. See cash generation quality of B2Gold Corp to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |