BTG (B2Gold) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is B2Gold LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. B2Gold's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

B2Gold's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.05). It may suggest that B2Gold is progressively becoming more dependent on debt to grow their business.

B2Gold LT-Debt-to-Total-Asset Historical Data

The historical data trend for B2Gold's LT-Debt-to-Total-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.

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B2Gold LT-Debt-to-Total-Asset Chart

B2Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.02

0.01

0.04

B2Gold Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.04	0.01	0.01	0.05

B2Gold LT-Debt-to-Total-Asset Calculation

B2Gold's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	175.869	/	4874.619
	=	0.04

B2Gold's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	221.89	/	4788.737
	=	0.05

B2Gold (AMEX:BTG) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

B2Gold LT-Debt-to-Total-Asset Related Terms

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B2Gold Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

B2G:Namibia BTG:Mexico 0QYN:UK 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; the Goose Project, and other mineral properties; and corporate and other.