B2Gold Corp (BTO) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.080x

Based on the latest financial reports, B2Gold Corp (BTO) has a cash flow conversion efficiency ratio of 0.080x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (CA$289.14 Million ≈ $209.16 Million USD) by net assets (CA$3.63 Billion ≈ $2.63 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

B2Gold Corp - Cash Flow Conversion Efficiency Trend (2007–2025)

This chart illustrates how B2Gold Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read B2Gold Corp (BTO) total liabilities for a breakdown of total debt and financial obligations.

B2Gold Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of B2Gold Corp ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
IOI Properties Group Bhd KLSE:5249	0.011x
Hubei Xingfa Chemicals Group Co Ltd SHG:600141	0.021x
Onex Corp TO:ONEX	0.068x
Enpro Industries NYSE:NPO	0.043x
Zalando SE XETRA:ZAL	0.312x
SSR Mining Inc NASDAQ:SSRM	0.014x
Rumo S.A SA:RAIL3	0.110x
Kion Group AG XETRA:KGX	0.070x

Annual Cash Flow Conversion Efficiency for B2Gold Corp (2007–2025)

The table below shows the annual cash flow conversion efficiency of B2Gold Corp from 2007 to 2025. For the full company profile with market capitalisation and key ratios, see how much is B2Gold Corp worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	CA$3.63 Billion ≈ $2.63 Billion	CA$892.75 Million ≈ $645.80 Million	0.246x	-9.61%
2024-12-31	CA$3.03 Billion ≈ $2.19 Billion	CA$824.38 Million ≈ $596.34 Million	0.272x	+46.22%
2023-12-31	CA$3.88 Billion ≈ $2.81 Billion	CA$721.38 Million ≈ $521.84 Million	0.186x	+1.78%
2022-12-31	CA$3.14 Billion ≈ $2.27 Billion	CA$573.74 Million ≈ $415.04 Million	0.183x	-24.12%
2021-12-31	CA$2.93 Billion ≈ $2.12 Billion	CA$705.83 Million ≈ $510.58 Million	0.241x	-35.18%
2020-12-31	CA$2.66 Billion ≈ $1.92 Billion	CA$985.77 Million ≈ $713.09 Million	0.371x	+58.51%
2019-12-31	CA$2.00 Billion ≈ $1.45 Billion	CA$467.99 Million ≈ $338.54 Million	0.234x	-1.48%
2018-12-31	CA$1.66 Billion ≈ $1.20 Billion	CA$394.09 Million ≈ $285.08 Million	0.238x	+167.48%
2017-12-31	CA$1.54 Billion ≈ $1.12 Billion	CA$137.14 Million ≈ $99.20 Million	0.089x	-66.75%
2016-12-31	CA$1.44 Billion ≈ $1.04 Billion	CA$385.62 Million ≈ $278.95 Million	0.267x	+136.83%
2015-12-31	CA$1.32 Billion ≈ $951.99 Million	CA$148.51 Million ≈ $107.43 Million	0.113x	+80.87%
2014-12-31	CA$1.60 Billion ≈ $1.16 Billion	CA$99.72 Million ≈ $72.14 Million	0.062x	-25.79%
2013-12-31	CA$1.76 Billion ≈ $1.27 Billion	CA$148.12 Million ≈ $107.15 Million	0.084x	-54.78%
2012-12-31	CA$564.92 Million ≈ $408.65 Million	CA$105.04 Million ≈ $75.98 Million	0.186x	-10.86%
2011-12-31	CA$476.06 Million ≈ $344.38 Million	CA$99.31 Million ≈ $71.84 Million	0.209x	+70.08%
2010-12-31	CA$288.21 Million ≈ $208.49 Million	CA$35.35 Million ≈ $25.57 Million	0.123x	+276.58%
2009-12-31	CA$199.00 Million ≈ $143.96 Million	CA$-13.82 Million ≈ $-10.00 Million	-0.069x	+35.17%
2008-12-31	CA$154.17 Million ≈ $111.53 Million	CA$-16.52 Million ≈ $-11.95 Million	-0.107x	-461.54%
2007-12-31	CA$116.56 Million ≈ $84.32 Million	CA$-2.22 Million ≈ $-1.61 Million	-0.019x	--

About B2Gold Corp

TO:BTO Canada Gold

Market Cap

$5.74 Billion

CA$7.93 Billion CAD

Market Cap Rank

#3283 Global

#109 in Canada

Share Price

CA$5.93

Change (1 day)

-3.42%

52-Week Range

CA$4.04 - CA$8.47

All Time High

CA$8.47