B2GoldMEX:BTGN +4.15%84 Interest Coverage is 31.15 as of Mar. 2026, which is 15% above its 10-year median of 27.16. GuruFocus rates MEX:BTGN with a GF Score™ of 84/100 and a GF Value™ of MXN89.55 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,319 Metals & Mining companies, B2Gold ranks worse than 70.05% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. B2Gold's
Operating Income
for the
three
months ended in Mar. 2026 was MXN10,333 Mil. B2Gold's Interest Expense for the
three
months ended in Mar. 2026 was MXN-332 Mil.
B2Gold's interest coverage for the quarter that ended in Mar. 2026 was 31.15.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for B2Gold's Interest Coverage or its related term are showing as below:
MEX:BTGN'
s Interest Coverage Range Over the Past 10 Years
Min: 6.18 Med: 27.16 Max: 58.18
Current: 35.12
MEX:BTGN's Interest Coverage is ranked worse than 70.05% of 1319
companies
in the Metals & Mining industry
Industry Median: No Debt
vs MEX:BTGN: 35.12
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
B2Gold Interest Coverage Related Terms
B2Gold Interest Coverage Historical Data
* Premium members only.
The historical data trend for B2Gold's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Gold subindustry, B2Gold's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, B2Gold's Interest Coverage distribution charts can be found below:
* The bar in red indicates where B2Gold's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (MEX:BTGN) has a Interest Coverage of 31.15 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on B2Gold and its competitors. This is 15% above median its historical median of 27.16. Over the past decade, B2Gold's Interest Coverage has ranged from 6.18 to 58.18. According to the industry distribution chart, B2Gold ranks #924 out of 1319 companies in the Metals & Mining industry, placing it in the top 70.1%.
Is B2Gold's Interest Coverage too high?
B2Gold's current Interest Coverage of 31.15 is 15% above median its 10-year median of 27.16. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 58.18. The Metals & Mining industry median Interest Coverage is 10,000.00. B2Gold's value of 31.15 is 99.7% below this industry median. Based on the distribution chart, B2Gold ranks #924 out of 1319 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, B2Gold has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B2Gold's Interest Coverage compare to NEM and AU?
According to the Metals & Mining industry distribution chart, B2Gold ranks #924 out of 1319 companies for Interest Coverage. This places B2Gold in the lower half of its industry. The industry median Interest Coverage is 10,000.00. B2Gold's value of 31.15 is 99.7% below this benchmark. Historically, B2Gold's own Interest Coverage has ranged from 6.18 to 58.18 over the past decade. While the company's 10-year median is 27.16 vs. the industry median of 10,000.00, B2Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Metals & Mining company?
The median Interest Coverage among Metals & Mining companies is 10,000.00, based on 1,319 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. B2Gold's current Interest Coverage of 31.15 is 99.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on B2Gold and its competitors. For the Metals & Mining industry, the median Interest Coverage is 10,000.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B2Gold's current Interest Coverage is 31.15, which is 15% above median its own 10-year median of 27.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B2Gold stock overvalued right now?
Based on GuruFocus' analysis, B2Gold (MEX:BTGN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN89.55, compared to a current price of MXN70.20 — trading 21.6% below its estimated fair value. The current Interest Coverage is 31.15, which is 15% above median its 10-year median of 27.16 and 99.7% below the Metals & Mining industry median of 10,000.00. B2Gold's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For B2Gold (MEX:BTGN), the current Interest Coverage is 31.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is B2Gold (MEX:BTGN) Overvalued in 2026?
Based on GuruFocus' analysis, B2Gold stock appears to be undervalued.
The current stock price of MXN70.20 is trading 21.6% below its estimated GF Value™ of MXN89.55.
GuruFocus considers B2Gold to be Modestly Undervalued.
Key valuation signals for MEX:BTGN:
Interest Coverage: 31.15 (15% above median its 10-year median of 27.16)
GF Value™: MXN89.55 vs. price of MXN70.20 (21.6% below fair value)
Industry Position: 99.7% below the Metals & Mining median (#924 of 1319)
No single metric tells the full story. See the MEX:BTGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 assets include the Gramalote 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. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; the Goose Project, and other mineral properties; and corporate and other.
84GF Score
Get the complete analysis for MEX:BTGN
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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