B2gold annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
B2gold Net Debt Growth & History (BTG)
B2gold's net debt was $279.5M for fiscal 2025.
View full B2gold company overviewB2gold annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $279.5M | $143.9M | +106.19% |
| 2024 | 2024-12-31 | $135.5M | $215.4M | — |
| 2023 | 2023-12-31 | −$79.9M | $474.0M | — |
| 2022 | 2022-12-31 | −$553.8M | $8.8M | — |
| 2021 | 2021-12-31 | −$562.6M | −$231.3M | — |
| 2020 | 2020-12-31 | −$331.3M | −$462.1M | — |
| 2019 | 2019-12-31 | $130.7M | −$246.1M | −65.31% |
| 2018 | 2018-12-31 | $376.8M | −$177.9M | −32.08% |
| 2017 | 2017-12-31 | $554.7M | $212.6M | +62.15% |
| 2016 | 2016-12-31 | $342.1M | — | — |
B2gold quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $169.5M | $35.1M | +26.13% |
| Q1 2026 | 2026-03-31 | $40.5M | — | — |
| Q4 2025 | 2025-12-31 | $279.5M | $143.9M | +106.19% |
| Q3 2025 | 2025-09-30 | $270.4M | — | — |
| Q2 2025 | 2025-06-30 | $134.4M | — | — |
| Q4 2024 | 2024-12-31 | $135.5M | $215.4M | — |
| Q4 2023 | 2023-12-31 | −$79.9M | $474.0M | — |
| Q4 2022 | 2022-12-31 | −$553.8M | $8.8M | — |
| Q4 2021 | 2021-12-31 | −$562.6M | −$231.3M | — |
| Q4 2020 | 2020-12-31 | −$331.3M | −$462.1M | — |
| Q4 2019 | 2019-12-31 | $130.7M | −$246.1M | −65.31% |
| Q4 2018 | 2018-12-31 | $376.8M | −$177.9M | −32.08% |
| Q4 2017 | 2017-12-31 | $554.7M | — | — |
B2gold net debt trends
Over the last five fiscal years, B2gold's net debt increased from −$331.3M to $279.5M, a change of $610.8M. The latest reported quarter, Q2 2026, shows $169.5M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review B2gold source filings ↗