B2Gold Balance Sheet Health
Financial Health criteria checks 5/6
B2Gold has a total shareholder equity of $3.8B and total debt of $14.4M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are $5.2B and $1.3B respectively. B2Gold's EBIT is $511.8M making its interest coverage ratio 96.1. It has cash and short-term investments of $466.8M.
Key information
0.4%
Debt to equity ratio
US$14.36m
Debt
| Interest coverage ratio | 96.1x |
| Cash | US$466.84m |
| Equity | US$3.84b |
| Total liabilities | US$1.34b |
| Total assets | US$5.18b |
Financial Position Analysis
Short Term Liabilities: BTO's short term assets ($926.6M) exceed its short term liabilities ($316.3M).
Long Term Liabilities: BTO's short term assets ($926.6M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: BTO has more cash than its total debt.
Reducing Debt: BTO's debt to equity ratio has reduced from 24.9% to 0.4% over the past 5 years.
Debt Coverage: BTO's debt is well covered by operating cash flow (7583.8%).
Interest Coverage: BTO's interest payments on its debt are well covered by EBIT (96.1x coverage).