B2Gold Corp (BTO) — Cash Flow-to-Debt Ratio
B2Gold Corp (BTO) has a Cash Flow-to-Debt Ratio of 0.23x as of March 2026, meaning its operating cash flow of CA$522.04 Million could theoretically repay 0% of its total liabilities (CA$2.25 Billion) in one year. See B2Gold Corp (BTO) flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
B2Gold Corp Cash Flow-to-Debt Ratio (2007–2025)
Historical debt coverage capacity for B2Gold Corp across 19 annual periods. For the full cash flow conversion analysis, see B2Gold Corp cash conversion from operations.
Annual Cash Flow-to-Debt Ratio for B2Gold Corp (2007–2025)
Year-by-year debt coverage analysis for B2Gold Corp. Check BTO cash flow quality score to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (CAD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2025 | 0.40x | CA$892.75 Million | CA$2.23 Billion | ▼ -13.8% |
| 2024 | 0.46x | CA$824.38 Million | CA$1.78 Billion | ▼ -38.4% |
| 2023 | 0.75x | CA$721.38 Million | CA$957.71 Million | ▼ -24.5% |
| 2022 | 1.00x | CA$573.74 Million | CA$575.03 Million | ▼ -15.9% |
| 2021 | 1.19x | CA$705.83 Million | CA$594.64 Million | ▼ -15.7% |
| 2020 | 1.41x | CA$985.77 Million | CA$700.38 Million | ▲ +84.9% |
| 2019 | 0.76x | CA$467.99 Million | CA$614.96 Million | ▲ +73.3% |
| 2018 | 0.44x | CA$394.09 Million | CA$897.63 Million | ▲ +252.8% |
| 2017 | 0.12x | CA$137.14 Million | CA$1.10 Billion | ▼ -71.8% |
| 2016 | 0.44x | CA$385.62 Million | CA$874.48 Million | ▲ +111.9% |
| 2015 | 0.21x | CA$148.51 Million | CA$713.73 Million | ▲ +29.7% |
| 2014 | 0.16x | CA$99.72 Million | CA$621.63 Million | ▼ -27.1% |
| 2013 | 0.22x | CA$148.12 Million | CA$672.86 Million | ▼ -77.0% |
| 2012 | 0.96x | CA$105.04 Million | CA$109.87 Million | ▼ -15.4% |
| 2011 | 1.13x | CA$99.31 Million | CA$87.84 Million | ▲ +41.5% |
| 2010 | 0.80x | CA$35.35 Million | CA$44.23 Million | ▲ +374.9% |
| 2009 | -0.29x | CA$-13.82 Million | CA$47.53 Million | ▲ +62.7% |
| 2008 | -0.78x | CA$-16.52 Million | CA$21.19 Million | ▼ -404.1% |
| 2007 | -0.15x | CA$-2.22 Million | CA$14.38 Million | — |