B2Gold (BTG) Equity Ratio (2012 - 2025)

B2Gold's Equity Ratio history runs 8 years deep, the most recent figure standing at 0.61 for Q4 2025.

• In Q4 2025, Equity Ratio fell 1.36% year-over-year to 0.61; the TTM figure through Dec 2025 stood at 0.61 (down 1.36% YoY), while the FY2025 annual figure was 0.61, down 1.36% from the prior year.
• Equity Ratio was 0.61 for Q4 2025 at B2Gold, down from 0.62 in the prior quarter.
• In the past five years, Equity Ratio ranged from a high of 0.82 in Q4 2022 to a low of 0.0 in Q1 2023.
• Historically, Equity Ratio has averaged 0.61 across 5 years, with a median of 0.7 in 2023.
• The sharpest annual moves came in 2021 and 2024: Equity Ratio increased 5.0% in 2021, then dropped 20.73% in 2024.
• A 5-year view of Equity Ratio shows it stood at 0.8 in 2021, then increased by 1.74% to 0.82 in 2022, then decreased by 4.34% to 0.78 in 2023, then retreated by 20.73% to 0.62 in 2024, then slipped by 1.36% to 0.61 in 2025.
• The last three Equity Ratio figures came in at 0.61 (Q4 2025), 0.62 (Q4 2024), and 0.78 (Q4 2023), per Business Quant data.