B2Gold Corp (BTO) — Working Capital to Net Assets Ratio
B2Gold Corp (BTO) has a Working Capital to Net Assets ratio of 5.7% as of March 2026. Working capital of CA$210.67 Million (current assets of CA$1.31 Billion minus current liabilities of CA$1.10 Billion) is measured against net assets of CA$3.72 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See B2Gold Corp balance sheet independence to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
B2Gold Corp Working Capital to Net Assets (2007–2025)
This chart shows how B2Gold Corp's Working Capital to Net Assets ratio has evolved across 19 annual periods from 2007 to 2025. As of March 2026, the ratio stands at 5.7%, reflecting working capital of CA$210.67 Million against net assets of CA$3.72 Billion CAD. Check tangible equity quality of B2Gold Corp to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for B2Gold Corp (2007–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for B2Gold Corp from 2007 to 2025, covering 19 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see B2Gold Corp market cap and net worth.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | 1.9% | CA$68.29 Million | CA$3.63 Billion | CA$1.13 Billion | CA$1.06 Billion | ▼ -8.7 pp |
| 2024 | 10.6% | CA$320.91 Million | CA$3.03 Billion | CA$901.25 Million | CA$580.34 Million | ▲ +0.4 pp |
| 2023 | 10.2% | CA$394.40 Million | CA$3.88 Billion | CA$705.62 Million | CA$311.22 Million | ▼ -15.6 pp |
| 2022 | 25.8% | CA$809.42 Million | CA$3.14 Billion | CA$1.05 Billion | CA$235.91 Million | ▼ -1.8 pp |
| 2021 | 27.5% | CA$807.26 Million | CA$2.93 Billion | CA$1.04 Billion | CA$229.01 Million | ▲ +9.6 pp |
| 2020 | 17.9% | CA$475.65 Million | CA$2.66 Billion | CA$761.16 Million | CA$285.52 Million | ▲ +5.0 pp |
| 2019 | 12.9% | CA$257.55 Million | CA$2.00 Billion | CA$418.31 Million | CA$160.76 Million | ▲ +3.5 pp |
| 2018 | 9.4% | CA$156.25 Million | CA$1.66 Billion | CA$364.12 Million | CA$207.87 Million | ▲ +15.7 pp |
| 2017 | -6.3% | CA$-97.22 Million | CA$1.54 Billion | CA$389.96 Million | CA$487.18 Million | ▼ -13.2 pp |
| 2016 | 6.9% | CA$100.22 Million | CA$1.44 Billion | CA$274.84 Million | CA$174.63 Million | ▼ -1.0 pp |
| 2015 | 8.0% | CA$104.95 Million | CA$1.32 Billion | CA$204.14 Million | CA$99.18 Million | ▼ -3.5 pp |
| 2014 | 11.5% | CA$183.32 Million | CA$1.60 Billion | CA$272.09 Million | CA$88.77 Million | ▼ -5.0 pp |
| 2013 | 16.5% | CA$290.58 Million | CA$1.76 Billion | CA$394.74 Million | CA$104.16 Million | ▲ +0.2 pp |
| 2012 | 16.3% | CA$91.88 Million | CA$564.92 Million | CA$135.65 Million | CA$43.77 Million | ▼ -8.8 pp |
| 2011 | 25.1% | CA$119.37 Million | CA$476.06 Million | CA$149.74 Million | CA$30.37 Million | ▼ -4.1 pp |
| 2010 | 29.1% | CA$84.01 Million | CA$288.21 Million | CA$100.39 Million | CA$16.38 Million | ▲ +23.3 pp |
| 2009 | 5.8% | CA$11.55 Million | CA$199.00 Million | CA$23.28 Million | CA$11.73 Million | ▼ -25.1 pp |
| 2008 | 30.9% | CA$47.60 Million | CA$154.17 Million | CA$54.04 Million | CA$6.43 Million | ▼ -49.9 pp |
| 2007 | 80.8% | CA$94.21 Million | CA$116.56 Million | CA$105.52 Million | CA$11.32 Million | — |