B2Gold (B2Gold) Equity-to-Asset

: 0.78 (As of Dec. 2023)

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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. B2Gold's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,810 Mil. B2Gold's Total Assets for the quarter that ended in Dec. 2023 was $4,875 Mil. Therefore, B2Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.78.

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

BTG' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.72 Max: 0.82
Current: 0.78

During the past 13 years, the highest Equity to Asset Ratio of B2Gold was 0.82. The lowest was 0.58. And the median was 0.72.

BTG's Equity-to-Asset is ranked worse than
52.21% of 2697 companies
in the Metals & Mining industry
Industry Median: 0.81 vs BTG: 0.78

B2Gold Equity-to-Asset Historical Data

The historical data trend for B2Gold's Equity-to-Asset 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

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

0.74

0.77

0.80

0.82

0.78

B2Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset																0.82	0.81	0.82	0.82	0.78

Competitive Comparison

For the Gold subindustry, B2Gold's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution

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

* The bar in red indicates where B2Gold's Equity-to-Asset falls into.

B2Gold Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

B2Gold's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3810.379	/	4874.619
	=	0.78

B2Gold's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	3810.379	/	4874.619
	=	0.78

B2Gold (AMEX:BTG) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

B2Gold Equity-to-Asset Related Terms

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

B2Gold (B2Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » B2Gold Corp (AMEX:BTG) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

B2G:Namibia 5BG:Germany 5BG:Germany BTO:Canada

Address

666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8

Website

https://www.b2gold.com

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.