Friday 6 November 2026 Export BTG’s income statement to Excel — free account

B2Gold Corp

BTG Basic Materials Gold

B2Gold Corp’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 60.9% from fiscal 2024.

Revenue: +14.0%
EPS: +158.3%
Free cash flow: +462.5%
Total debt: +9.12%

Quarter to June 2026, against a year earlier

Operating cash flow growth 3 yrs

5.36 0.09 +1.71%

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Market cap: $7.0B
P/E: 8.8×
Fwd P/E: 6.0×
Dividend yield: 1.50%
F-score: 6/9
Altman Z: 2.86
Beneish M: −2.50
Dividend safety: 41/100

Overview

B2Gold Corp (BTG) Debt to equity

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B2Gold Corp's debt to equity at the end of the quarter to 30 June 2026 was 0.1×, down 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.0× (fiscal 2022) to 0.4× (fiscal 2017); the current reading is higher than 64% of that period. That is above the Gold industry median of 0.0× and below the Basic Materials sector median of 0.2×.

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<iframe src="https://stockrow.com/embed/BTG/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="B2Gold Corp debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/BTG/metrics/debt-to-equity">B2Gold Corp (BTG) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.2×	13.94%
FY2024	0.1×	193.69%
FY2023	0.0×	166.85%
FY2022	0.0×	(27.56%)
FY2021	0.0×	(38.65%)
FY2020	0.0×	(67.55%)
FY2019	0.1×	(56.02%)
FY2018	0.3×	(35.29%)
FY2017	0.4×	33.94%
FY2016	0.3×	(5.16%)

Period	Debt to equity	Change
Jun 2026	0.1×	(18.34%)
Mar 2026	0.1×	(13.57%)
Dec 2025	0.2×	(9.62%)
Sep 2025	0.2×	41.72%
42 more quarters	Free account

Against its own ten years

Low 0.0× High 0.4×

Ten-year median 0.1×

Current reading's percentile 64

Company	Debt to equity
SSRM Silver Standard Resources Inc. compare	0.0×
CDE Coeur Mining, Inc. compare	0.0×
OGC Oceanagold Corp. compare	0.0×
EQX Equinox Gold Corp. compare	0.1×
BTG B2Gold Corp	0.1×
OR OR Royalties Inc. compare	0.1×
HMY Harmony Gold Mining Company Limited compare	0.2×
ARIS Aris Mining Corporation compare	0.3×
AUGO Aura Minerals Inc. compare	1.0×
Gold industry median	0.0×
Basic Materials sector median	0.2×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

B2Gold Corp (BTG) Debt to equity

Debt to equity, annual

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Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

Quarterly newest first

Against its own ten years

Debt to equity against peers

What Debt to equity is

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