B2Gold Corp Financial Flexibility Index

Latest as of March 2026: 0.30x

B2Gold Corp financial flexibility index. B2Gold Corp (BTO) has a Financial Flexibility Index of 0.30x as of March 2026. Free cash flow of CA$685.31 Million (operating CF CA$522.04 Million minus capex CA$163.27 Million) represents 0% of total liabilities (CA$2.25 Billion). See BTO cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.

Financial Flexibility Index

0.30x
Free Cash Flow / Total Liabilities

Free Cash Flow

CA$685.31 Million
Operating CF − Capex

Total Liabilities

CA$2.25 Billion
CAD

Capital Expenditures

CA$163.27 Million
CAD

Financial Flexibility Index of B2Gold Corp (2007–2025)

Financial flexibility index of B2Gold Corp from 2007 to 2025. Historical Financial Flexibility Index trend for B2Gold Corp across 19 annual periods. Check BTO cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

B2Gold Corp Financial Flexibility Index by Year (2007–2025)

B2Gold Corp financial flexibility index by year from 2007 to 2025. Year-by-year free cash flow to debt coverage for B2Gold Corp. For the full cash flow conversion analysis, see BTO cash generation efficiency.

Year Flexibility Index Free Cash Flow (CAD) Operating CF Total Liabilities YoY Change
2025 0.77x CA$1.72 Billion CA$892.75 Million CA$2.23 Billion ▼ -17.0%
2024 0.93x CA$1.65 Billion CA$824.38 Million CA$1.78 Billion ▼ -39.5%
2023 1.53x CA$1.47 Billion CA$721.38 Million CA$957.71 Million ▲ +4.5%
2022 1.47x CA$843.90 Million CA$573.74 Million CA$575.03 Million ▼ -7.9%
2021 1.59x CA$947.89 Million CA$705.83 Million CA$594.64 Million ▼ -14.5%
2020 1.86x CA$1.31 Billion CA$985.77 Million CA$700.38 Million ▲ +57.4%
2019 1.18x CA$728.26 Million CA$467.99 Million CA$614.96 Million ▲ +75.6%
2018 0.67x CA$605.26 Million CA$394.09 Million CA$897.63 Million ▲ +43.7%
2017 0.47x CA$517.18 Million CA$137.14 Million CA$1.10 Billion ▼ -43.8%
2016 0.83x CA$729.56 Million CA$385.62 Million CA$874.48 Million ▲ +56.3%
2015 0.53x CA$381.05 Million CA$148.51 Million CA$713.73 Million ▼ -19.3%
2014 0.66x CA$411.11 Million CA$99.72 Million CA$621.63 Million ▼ -7.1%
2013 0.71x CA$479.20 Million CA$148.12 Million CA$672.86 Million ▼ -68.2%
2012 2.24x CA$246.27 Million CA$105.04 Million CA$109.87 Million ▲ +3.2%
2011 2.17x CA$190.82 Million CA$99.31 Million CA$87.84 Million ▲ +21.9%
2010 1.78x CA$78.83 Million CA$35.35 Million CA$44.23 Million ▲ +163.3%
2009 0.68x CA$32.18 Million CA$-13.82 Million CA$47.53 Million ▲ +243.7%
2008 -0.47x CA$-9.98 Million CA$-16.52 Million CA$21.19 Million ▼ -292.1%
2007 0.25x CA$3.53 Million CA$-2.22 Million CA$14.38 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities