B2Gold Corp (BTO) — Financial Flexibility Index

Latest as of March 2026: 0.30x

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). Check B2Gold Corp (BTO) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

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

B2Gold Corp Financial Flexibility Index (2007–2025)

Historical Financial Flexibility Index trend for B2Gold Corp across 19 annual periods. For the full cash flow conversion analysis, see B2Gold Corp cash conversion from operations.

Annual Financial Flexibility Index for B2Gold Corp (2007–2025)

Year-by-year free cash flow to debt coverage for B2Gold Corp. Explore B2Gold Corp cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.

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