B2Gold Corp Cash Flow Conversion Efficiency

Latest as of March 2026: 0.140x

B2Gold Corp cash flow conversion efficiency. 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.

Cash Flow Conversion Efficiency of B2Gold Corp (2007–2025)

Cash flow conversion efficiency of B2Gold Corp from 2007 to 2025. This chart illustrates how B2Gold Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View BTO share price today for real-time trading data and today's change.

B2Gold Corp Cash Flow Conversion Ratio Explained

B2Gold Corp cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

B2Gold Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of B2Gold Corp ranked by their cash flow conversion efficiency. Also see market value of B2Gold Corp for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
LandMark Optoelectronics TWO:3081	0.057x
Jiangsu Financial Leasing Co Ltd Class A SHG:600901	-0.003x
Sandfire Resources Ltd AU:SFR	0.294x
BlueFocus Communication Group SHE:300058	0.064x
Avolta AG SW:AVOL	0.703x
Shenzhen Fastprint Circuit Tech Co Ltd SHE:002436	0.022x
Spic Yuanda Environmental Protection Co Ltd SHG:600292	0.007x
National Aluminium Company Limited NSE:NATIONALUM	0.126x

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. Review BTO cash flow after capex ratio to assess how much free cash flow the company generates relative to operating cash flow.

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

$6.33 Billion

CA$8.75 Billion CAD

Market Cap Rank

#2959 Global

#103 in Canada

Share Price

CA$6.57

Change (1 day)

-1.65%

52-Week Range

CA$5.13 - CA$8.47

All Time High

CA$8.47