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B2Gold (AMEX:BTG) Cash-to-Debt

: 13.66 (As of Mar. 2023)
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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. B2Gold's cash to debt ratio for the quarter that ended in Mar. 2023 was 13.66.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, B2Gold could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

The historical rank and industry rank for B2Gold's Cash-to-Debt or its related term are showing as below:

BTG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14   Med: 1.35   Max: No Debt
Current: 13.66

During the past 13 years, B2Gold's highest Cash to Debt Ratio was No Debt. The lowest was 0.14. And the median was 1.35.

BTG's Cash-to-Debt is ranked worse than
57.76% of 2583 companies
in the Metals & Mining industry
Industry Median: 50.93 vs BTG: 13.66

B2Gold Cash-to-Debt Historical Data

The historical data trend for B2Gold's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

B2Gold Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.54 4.36 8.96 11.39

B2Gold Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Cash-to-Debt Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.93 8.81 8.79 11.39 13.66

Competitive Comparison

For the Gold subindustry, B2Gold's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

B2Gold Cash-to-Debt Distribution

For the Metals & Mining industry and Basic Materials sector, B2Gold's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where B2Gold's Cash-to-Debt falls in comparison to its industry or sector. The grey bar indicates the Cash-to-Debt's extreme value range as defined by GuruFocus.



B2Gold Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

B2Gold's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

B2Gold's Cash to Debt Ratio for the quarter that ended in Mar. 2023 is calculated as:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


B2Gold  (AMEX:BTG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.


B2Gold Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of B2Gold's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.


B2Gold (AMEX:BTG) Business Description

B2Gold logo
Traded in Other Exchanges
Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.

B2Gold (AMEX:BTG) Headlines

Other Sources

BMO Capital Remains a Buy on B2Gold (BTG)

By tipranks.com 2022-08-08