B2Gold Corp (BTO) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.140x

Based on the latest financial reports, B2Gold Corp (BTO) has a cash flow conversion efficiency ratio of 0.140x as of March 2026. 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$522.04 Million ≈ $377.63 Million USD) by net assets (CA$3.72 Billion ≈ $2.69 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See how many days can B2Gold Corp fund operations to measure how many days the company can operate on defensive assets alone.

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.

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
Churchill Downs Incorporated NASDAQ:CHDN	0.091x
Fortnox AB ST:FNOX	0.058x
Bilibili Inc F:71BA	0.128x
Construction Partners Inc NASDAQ:ROAD	0.067x
Compagnie du Cambodge PA:CBDG	0.004x
Capital Financial Indonesia Tbk PT JK:CASA	0.286x
Ameris Bancorp NYSE:ABCB	0.063x
Wuxi Taclink Optoelectronics Technology Co. Ltd. A SHG:688205	N/A

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

$5.86 Billion

CA$8.10 Billion CAD

Market Cap Rank

#3269 Global

#107 in Canada

Share Price

CA$6.08

Change (1 day)

-2.56%

52-Week Range

CA$4.57 - CA$8.47

All Time High

CA$8.47