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 leveraged is B2Gold Corp's balance sheet to measure how much of total assets are equity-financed.

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. Check BTO cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

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
Guanghui Energy Co Ltd SHG:600256	0.064x
SFS Group AG SW:SFSN	0.125x
Mercury Systems Inc NASDAQ:MRCY	0.033x
Beijing Enlight Media SHE:300251	0.008x
RTL Group SA F:RRTL	-0.002x
Sinomine Resource Exploration Co Ltd SHE:002738	0.070x
PCCW LTD ADR/10 HD-25 F:TH3C	N/A
West Fraser Timber Co Ltd NYSE:WFG	-0.031x

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 B2Gold Corp stock valuation.

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

$5.06 Billion

CA$7.00 Billion CAD

Market Cap Rank

#3513 Global

#118 in Canada

Share Price

CA$5.25

Change (1 day)

-2.60%

52-Week Range

CA$4.93 - CA$8.47

All Time High

CA$8.47