B2Gold Corp. (BTG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.31B | 1.13B | 1.07B | 949.93M | 967.26M | 901.25M | 920.03M | 926.45M | 996.64M | 707.09M | 703.94M | 887.64M | 1.07B | 1.03B | 891.18M | 1.01B | 1.06B | 1.04B | 974.1M | 742.7M |
| Cash & Short-Term Investments | 483.64M | 384.59M | 375.29M | 310.31M | 347.78M | 348.33M | 430.43M | 466.77M | 567.81M | 305.32M | 308.09M | 505.33M | 674.19M | 651.65M | 545.55M | 587.64M | 647.62M | 672.09M | 545.7M | 382.14M |
| Cash Only | 480.97M | 379.73M | 366.87M | 308.49M | 330.14M | 336.77M | 430.43M | 466.77M | 567.81M | 305.32M | 308.09M | 505.33M | 674.19M | 651.65M | 545.55M | 587.64M | 647.62M | 672.09M | 545.7M | 382.14M |
| Short-Term Investments | 2.67M | 4.86M | 8.42M | 1.81M | 17.64M | 11.56M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 81.6M | 90.26M | 73.87M | 54M | 72.7M | 66.47M | 79.59M | 52.58M | 46.26M | 48.45M | 46.17M | 34.35M | 39.95M | 43.26M | 42.6M | 48.85M | 72.43M | 42.3M | 54.18M | 66.08M |
| Days Sales Outstanding | 6.77 | 7.16 | 7.51 | 8.33 | 11.77 | 13.44 | 13.56 | 9.13 | 9.34 | 8.5 | 7.75 | 7.18 | 7.91 | 6.67 | 10.72 | 14.45 | 14.12 | 8.44 | 10.83 | 14.94 |
| Inventory | 665.55M | 626.08M | 597.96M | 561.12M | 535.66M | 477.3M | 377.52M | 376.77M | 339.35M | 344.72M | 341.98M | 338.5M | 350.43M | 331.88M | 291.7M | 300.69M | 278.49M | 271.99M | 269.4M | 269.67M |
| Days Inventory Outstanding | 107.38 | 112 | 135.81 | 146.44 | 154.86 | 120.68 | 110.72 | 116.62 | 112.28 | 103.08 | 101.84 | 111.74 | 118.13 | 86.45 | 88.89 | 99.79 | 109.65 | 89.47 | 89.94 | 101.77 |
| Other Current Assets | 56.8M | 0 | 0 | -9.67M | 0 | 0 | 19.33M | 14.18M | 34.39M | 0 | 0 | 0 | 0 | 3.85M | 3.82M | 57.35M | 55.2M | 54.19M | 97.05M | 11.85M |
| Total Non-Current Assets | 4.67B | 4.74B | 4.62B | 4.36B | 4.13B | 3.91B | 3.86B | 4.26B | 4.3B | 4.14B | 4.12B | 4.03B | 2.7B | 2.64B | 2.6B | 2.56B | 2.52B | 2.51B | 2.43B | 2.55B |
| Property, Plant & Equipment | 3.76B | 3.75B | 3.76B | 3.6B | 3.44B | 3.29B | 3.09B | 3.62B | 3.68B | 3.55B | 3.58B | 3.56B | 2.28B | 2.27B | 2.28B | 2.26B | 2.22B | 2.23B | 2.2B | 2.33B |
| Fixed Asset Turnover | 0.30x | 0.28x | 0.21x | 0.20x | 0.16x | 0.16x | 0.13x | 0.13x | 0.13x | 0.14x | 0.13x | 0.16x | 0.21x | 0.26x | 0.17x | 0.17x | 0.16x | 0.24x | 0.23x | 0.16x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 430.43M | 458.33M | 345M | 225.14M | 218.9M | 227.43M | 243.38M | 255.8M | 227.7M | 274.88M | 268.61M | 243.67M | 207.46M | 184.03M | 170.89M | 171M | 172.66M | 164.9M | 132.9M | 131.54M |
| Other Non-Current Assets | 435.73M | 452.87M | 493.03M | 503.21M | 468.33M | 392.98M | 503.13M | 367.19M | 380.73M | 305.61M | 279.2M | 226.29M | 211.35M | 187.13M | 154.76M | 137.75M | 126.15M | 116.61M | 84.12M | 85.86M |
| Total Assets | 5.98B | 5.87B | 5.69B | 5.31B | 5.1B | 4.81B | 4.78B | 5.18B | 5.3B | 4.85B | 4.83B | 4.92B | 3.77B | 3.68B | 3.49B | 3.57B | 3.58B | 3.56B | 3.4B | 3.3B |
| Asset Turnover | 0.19x | 0.18x | 0.14x | 0.13x | 0.11x | 0.10x | 0.09x | 0.09x | 0.09x | 0.11x | 0.10x | 0.11x | 0.13x | 0.17x | 0.11x | 0.11x | 0.10x | 0.15x | 0.15x | 0.11x |
| Asset Growth % | 17.36% | 21.98% | 18.94% | 2.4% | -3.73% | -0.79% | -0.98% | 5.28% | 40.48% | 31.8% | 38.25% | 37.85% | 5.35% | 3.46% | 2.74% | 8.33% | 5.22% | 5.77% | 6.81% | 1.54% |
| Total Current Liabilities | 1.1B | 1.06B | 1.03B | 969.05M | 793.6M | 580.34M | 501.54M | 316.29M | 333.64M | 311.87M | 323.12M | 318.65M | 268.46M | 233.51M | 171.03M | 217.09M | 204.98M | 230.88M | 199.23M | 173.06M |
| Accounts Payable | 184.98M | 174.48M | 156.83M | 157.82M | 171.46M | 156.26M | 174.29M | 178.5M | 175.89M | 166.26M | 176.08M | 153.05M | 109M | 114.74M | 108.1M | 87.73M | 100.6M | 111.56M | 87.49M | 74.93M |
| Days Payables Outstanding | 29.88 | 30.32 | 36.87 | 43.97 | 50.1 | 46.67 | 51.78 | 57.71 | 56.16 | 51.39 | 49.26 | 42.5 | 38.74 | 30.89 | 29.39 | 32.45 | 42.26 | 32.9 | 27.1 | 30.7 |
| Short-Term Debt | 28.85M | 33.81M | 30.04M | 5.38M | 27.22M | 16.41M | 151.83M | 14.85M | 11.68M | 16.17M | 15.07M | 16.94M | 14.77M | 15.51M | 19.66M | 19.34M | 21.81M | 25.37M | 28.74M | 31.63M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 558.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 457.43M | 584.45M | 605.24M | 91.15M | 467.65M | 304.18M | 18.7M | 9.26M | 8.92M | 9.37M | 21.32M | 20M | 7.87M | 7.68M | 1.76M | 25.73M | 1.93M | 1.79M | 5.53M | 21.45M |
| Current Ratio | 1.19x | 1.06x | 1.03x | 0.98x | 1.22x | 1.55x | 1.83x | 2.93x | 2.99x | 2.27x | 2.18x | 2.79x | 4.00x | 4.43x | 5.21x | 4.64x | 5.17x | 4.52x | 4.89x | 4.29x |
| Quick Ratio | 0.59x | 0.47x | 0.46x | 0.40x | 0.54x | 0.73x | 1.08x | 1.74x | 1.97x | 1.16x | 1.12x | 1.72x | 2.69x | 3.01x | 3.51x | 3.25x | 3.81x | 3.35x | 3.54x | 2.73x |
| Cash Conversion Cycle | 84.26 | 88.85 | 106.45 | 110.81 | 116.53 | 87.46 | 72.5 | 68.04 | 65.46 | 60.19 | 60.33 | 76.42 | 87.3 | 62.23 | 70.22 | 81.79 | 81.51 | 65.01 | 73.67 | 86.01 |
| Total Non-Current Liabilities | 1.16B | 1.17B | 1.28B | 1.02B | 1.13B | 1.2B | 1.1B | 1.02B | 1.03B | 647.84M | 458.83M | 471.82M | 335.09M | 335.68M | 370.95M | 351.36M | 363.39M | 368.6M | 370.27M | 384.62M |
| Long-Term Debt | 445.48M | 544.96M | 558.18M | 375.65M | 356.54M | 391.46M | 195.14M | 0 | 6.3M | 141.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 47.27M | 50.54M | 48.77M | 35.83M | 41.41M | 29.76M | 26.4M | 25.65M | 22.51M | 33.06M | 34.14M | 38.56M | 34.57M | 41.69M | 42.43M | 47.39M | 50.73M | 49.66M | 54.89M | 61.89M |
| Deferred Tax Liabilities | 196.18M | 151.07M | 202.91M | 182.24M | 190.22M | 169.64M | 161.63M | 169.98M | 200M | 187.14M | 183.31M | 180.74M | 181.66M | 182.43M | 229.29M | 195.84M | 190.21M | 187.63M | 206.55M | 212.56M |
| Other Non-Current Liabilities | 467.78M | 427.84M | 474.75M | 427.06M | 542.25M | 606.05M | 712.41M | 826.15M | 296.33M | 285.73M | 241.37M | 252.52M | 118.85M | 111.55M | 99.23M | 108.13M | 122.45M | 131.31M | 108.83M | 110.17M |
| Total Liabilities | 2.26B | 2.23B | 2.32B | 1.99B | 1.92B | 1.78B | 1.6B | 1.34B | 1.37B | 959.71M | 781.94M | 790.47M | 603.55M | 569.19M | 541.98M | 568.45M | 568.36M | 599.47M | 569.5M | 557.68M |
| Total Debt | 521.6M | 629.31M | 636.99M | 434.35M | 425.16M | 437.62M | 373.37M | 40.5M | 45.22M | 191.14M | 49.22M | 55.5M | 49.34M | 57.2M | 62.08M | 66.73M | 72.54M | 75.03M | 83.63M | 93.52M |
| Net Debt | 40.63M | 249.57M | 270.12M | 125.86M | 95.03M | 100.85M | -57.07M | -426.27M | -522.6M | -114.18M | -258.87M | -449.83M | -624.85M | -594.45M | -483.47M | -520.9M | -575.08M | -597.06M | -462.08M | -288.62M |
| Debt / Equity | 0.14x | 0.17x | 0.19x | 0.13x | 0.13x | 0.14x | 0.12x | 0.01x | 0.01x | 0.05x | 0.01x | 0.01x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.03x | 0.03x | 0.03x |
| Debt / EBITDA | 0.71x | 0.93x | 1.40x | 1.03x | 1.44x | 1.89x | - | 0.32x | 0.18x | 2.59x | 0.39x | 0.22x | 0.18x | 0.16x | 0.42x | 0.37x | 0.37x | 0.21x | 0.25x | 0.50x |
| Net Debt / EBITDA | 0.06x | 0.37x | 0.59x | 0.30x | 0.32x | 0.43x | - | -3.39x | -2.13x | -1.55x | -2.03x | -1.77x | -2.29x | -1.64x | -3.25x | -2.91x | -2.93x | -1.66x | -1.40x | -1.54x |
| Interest Coverage | 31.56x | 17.07x | 42.82x | 60.00x | 24.20x | 10.99x | -81.07x | 4.22x | 14.59x | -10.54x | 11.81x | 55.67x | 61.44x | 83.10x | 18.23x | 38.45x | 55.80x | 84.81x | 71.98x | 38.88x |
| Total Equity | 3.73B | 3.63B | 3.37B | 3.32B | 3.17B | 3.03B | 3.18B | 3.84B | 3.93B | 3.89B | 4.05B | 4.13B | 3.17B | 3.11B | 2.95B | 3B | 3.01B | 2.96B | 2.83B | 2.74B |
| Equity Growth % | 17.35% | 19.81% | 5.76% | -13.72% | -19.21% | -22.01% | -21.31% | -6.97% | 24.11% | 25.06% | 37.14% | 37.62% | 5.19% | 5.19% | 4.27% | 9.63% | 10.8% | 11.14% | 11.71% | 20.26% |
| Book Value per Share | 2.48 | 2.25 | 2.27 | 2.25 | 2.16 | 2.31 | 2.43 | 2.94 | 3.01 | 2.99 | 3.12 | 3.28 | 2.93 | 2.89 | 2.77 | 2.81 | 2.83 | 2.79 | 2.67 | 2.57 |
| Total Shareholders' Equity | 3.68B | 3.59B | 3.32B | 3.27B | 3.13B | 2.98B | 3.03B | 3.76B | 3.83B | 3.79B | 3.94B | 4.02B | 3.05B | 3.01B | 2.86B | 2.92B | 2.9B | 2.86B | 2.75B | 2.66B |
| Common Stock | 3.62B | 3.6B | 3.56B | 3.53B | 3.52B | 3.51B | 3.49B | 3.48B | 3.46B | 3.44B | 3.43B | 3.43B | 2.5B | 2.49B | 2.47B | 2.45B | 2.43B | 2.42B | 2.41B | 2.41B |
| Retained Earnings | -84.21M | -220.21M | -364.1M | -356.94M | -484.66M | -515.31M | -442.01M | 309.29M | 384.54M | 393.83M | 557.54M | 653.13M | 625.17M | 587.87M | 473.33M | 543.31M | 545.56M | 506.69M | 411.44M | 330.51M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 4.76M | 55.85M | -26.18M | -60.46M | -66.49M | -102.71M | -96.06M | -118.43M | -110.28M | -124.62M | -131.88M | -142.58M | -149.54M | -145.8M | -149.8M | -145.9M | -139.85M | -136.11M | -141.77M | -139.17M |
| Minority Interest | 42.69M | 47.86M | 45.66M | 46.6M | 49.61M | 52.6M | 151.65M | 88.94M | 103.47M | 99.09M | 108.82M | 116.83M | 118.34M | 103.62M | 87.05M | 85.06M | 108.63M | 100.58M | 83.77M | 75.95M |