B2Gold Net Income vs Change In Cash Analysis

BTO Stock

CAD 4.08 0.04 0.99%

B2Gold Corp financial indicator trend analysis is way more than just evaluating B2Gold Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether B2Gold Corp is a good investment. Please check the relationship between B2Gold Corp Net Income and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in B2Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of B2Gold Corp Net Income account and Change In Cash. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between B2Gold Corp's Net Income and Change In Cash is 0.55. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change In Cash in the same time period over historical financial statements of B2Gold Corp, assuming nothing else is changed. The correlation between historical values of B2Gold Corp's Net Income and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of B2Gold Corp are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Net Income i.e., B2Gold Corp's Net Income and Change In Cash go up and down completely randomly.

Correlation Coefficient

0.55

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in B2Gold Corp financial statement analysis. It represents the amount of money remaining after all of B2Gold Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change In Cash

Most indicators from B2Gold Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into B2Gold Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in B2Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.At this time, B2Gold Corp's Discontinued Operations is very stable compared to the past year. As of the 2nd of December 2024, Enterprise Value is likely to grow to about 4 B, while Selling General Administrative is likely to drop about 55.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	768.6M	604.2M	1.2B	1.2B
Total Revenue	1.8B	1.7B	1.9B	2.0B

Gross Profit Total Revenue

B2Gold Corp fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Short Term Investments	Current Deferred Revenue
Total Assets		0.02	-0.01	0.61	0.99	0.98	-0.28	0.42	0.98	0.56	0.99	0.83	0.71	0.56	0.63	0.79	0.54	0.94	0.62	-0.35	0.63	0.93	0.7	0.05	-0.47	0.87
Short Long Term Debt Total	0.02		0.58	0.39	-0.13	0.17	0.86	-0.78	0.05	-0.48	0.12	-0.2	-0.17	-0.48	-0.43	0.31	0.69	-0.06	-0.3	-0.43	0.65	-0.03	-0.35	0.59	-0.36	-0.25
Other Current Liab	-0.01	0.58		0.33	-0.12	0.11	0.63	-0.51	0.06	-0.51	0.08	0.09	-0.28	-0.51	-0.57	0.08	0.36	-0.01	-0.56	-0.05	0.39	-0.03	-0.4	0.42	-0.01	0.01
Total Current Liabilities	0.61	0.39	0.33		0.53	0.63	0.08	0.02	0.62	0.38	0.6	0.32	0.7	0.38	0.38	0.74	0.57	0.66	0.42	-0.33	0.8	0.46	0.55	0.74	-0.36	0.59
Total Stockholder Equity	0.99	-0.13	-0.12	0.53		0.94	-0.42	0.56	0.97	0.63	0.96	0.86	0.72	0.63	0.69	0.72	0.41	0.94	0.66	-0.3	0.5	0.92	0.74	-0.06	-0.43	0.9
Property Plant And Equipment Net	0.98	0.17	0.11	0.63	0.94		-0.1	0.25	0.97	0.41	1.0	0.8	0.63	0.42	0.5	0.81	0.65	0.9	0.53	-0.38	0.72	0.92	0.58	0.1	-0.5	0.81
Net Debt	-0.28	0.86	0.63	0.08	-0.42	-0.1		-0.92	-0.23	-0.81	-0.15	-0.33	-0.51	-0.81	-0.7	-0.01	0.51	-0.36	-0.56	-0.11	0.4	-0.23	-0.69	0.42	-0.07	-0.53
Retained Earnings	0.42	-0.78	-0.51	0.02	0.56	0.25	-0.92		0.41	0.71	0.32	0.53	0.51	0.71	0.65	0.01	-0.44	0.48	0.51	0.1	-0.31	0.43	0.64	-0.33	0.04	0.61
Accounts Payable	0.98	0.05	0.06	0.62	0.97	0.97	-0.23	0.41		0.49	0.98	0.87	0.67	0.49	0.58	0.75	0.51	0.94	0.59	-0.29	0.62	0.95	0.64	0.09	-0.46	0.85
Cash	0.56	-0.48	-0.51	0.38	0.63	0.41	-0.81	0.71	0.49		0.43	0.33	0.77	1.0	0.89	0.48	0.0	0.61	0.72	-0.18	0.15	0.37	0.96	-0.07	-0.19	0.68
Non Current Assets Total	0.99	0.12	0.08	0.6	0.96	1.0	-0.15	0.32	0.98	0.43		0.84	0.62	0.43	0.52	0.78	0.61	0.9	0.53	-0.36	0.67	0.94	0.59	0.06	-0.49	0.82
Non Currrent Assets Other	0.83	-0.2	0.09	0.32	0.86	0.8	-0.33	0.53	0.87	0.33	0.84		0.39	0.34	0.37	0.42	0.19	0.79	0.36	-0.11	0.27	0.9	0.44	-0.15	-0.17	0.79
Other Assets	0.71	-0.17	-0.28	0.7	0.72	0.63	-0.51	0.51	0.67	0.77	0.62	0.39		0.77	0.83	0.7	0.24	0.78	0.82	-0.2	0.45	0.57	0.86	0.22	-0.47	0.76
Cash And Short Term Investments	0.56	-0.48	-0.51	0.38	0.63	0.42	-0.81	0.71	0.49	1.0	0.43	0.34	0.77		0.89	0.48	0.0	0.61	0.72	-0.18	0.15	0.37	0.96	-0.07	-0.19	0.68
Net Receivables	0.63	-0.43	-0.57	0.38	0.69	0.5	-0.7	0.65	0.58	0.89	0.52	0.37	0.83	0.89		0.61	0.12	0.71	0.89	-0.08	0.24	0.47	0.93	-0.12	-0.37	0.6
Common Stock Shares Outstanding	0.79	0.31	0.08	0.74	0.72	0.81	-0.01	0.01	0.75	0.48	0.78	0.42	0.7	0.48	0.61		0.79	0.77	0.63	-0.43	0.86	0.6	0.67	0.21	-0.65	0.62
Non Current Liabilities Total	0.54	0.69	0.36	0.57	0.41	0.65	0.51	-0.44	0.51	0.0	0.61	0.19	0.24	0.0	0.12	0.79		0.4	0.14	-0.48	0.95	0.42	0.19	0.27	-0.51	0.22
Inventory	0.94	-0.06	-0.01	0.66	0.94	0.9	-0.36	0.48	0.94	0.61	0.9	0.79	0.78	0.61	0.71	0.77	0.4		0.69	-0.29	0.55	0.84	0.77	0.11	-0.4	0.88
Other Current Assets	0.62	-0.3	-0.56	0.42	0.66	0.53	-0.56	0.51	0.59	0.72	0.53	0.36	0.82	0.72	0.89	0.63	0.14	0.69		-0.19	0.27	0.52	0.81	-0.02	-0.35	0.58
Other Stockholder Equity	-0.35	-0.43	-0.05	-0.33	-0.3	-0.38	-0.11	0.1	-0.29	-0.18	-0.36	-0.11	-0.2	-0.18	-0.08	-0.43	-0.48	-0.29	-0.19		-0.48	-0.22	-0.26	-0.16	0.06	-0.24
Total Liab	0.63	0.65	0.39	0.8	0.5	0.72	0.4	-0.31	0.62	0.15	0.67	0.27	0.45	0.15	0.24	0.86	0.95	0.55	0.27	-0.48		0.48	0.35	0.49	-0.51	0.39
Property Plant And Equipment Gross	0.93	-0.03	-0.03	0.46	0.92	0.92	-0.23	0.43	0.95	0.37	0.94	0.9	0.57	0.37	0.47	0.6	0.42	0.84	0.52	-0.22	0.48		0.5	-0.04	-0.34	0.79
Total Current Assets	0.7	-0.35	-0.4	0.55	0.74	0.58	-0.69	0.64	0.64	0.96	0.59	0.44	0.86	0.96	0.93	0.67	0.19	0.77	0.81	-0.26	0.35	0.5		0.02	-0.3	0.75
Short Term Debt	0.05	0.59	0.42	0.74	-0.06	0.1	0.42	-0.33	0.09	-0.07	0.06	-0.15	0.22	-0.07	-0.12	0.21	0.27	0.11	-0.02	-0.16	0.49	-0.04	0.02		-0.11	0.02
Short Term Investments	-0.47	-0.36	-0.01	-0.36	-0.43	-0.5	-0.07	0.04	-0.46	-0.19	-0.49	-0.17	-0.47	-0.19	-0.37	-0.65	-0.51	-0.4	-0.35	0.06	-0.51	-0.34	-0.3	-0.11		-0.28
Current Deferred Revenue	0.87	-0.25	0.01	0.59	0.9	0.81	-0.53	0.61	0.85	0.68	0.82	0.79	0.76	0.68	0.6	0.62	0.22	0.88	0.58	-0.24	0.39	0.79	0.75	0.02	-0.28

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B2Gold Corp Account Relationship Matchups

B2Gold Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.7B	3.4B	3.6B	3.7B	4.9B	5.1B
Short Long Term Debt Total	261.9M	110.0M	75.1M	57.2M	180.8M	242.5M
Other Current Liab	2.3M	8.2M	(91.2M)	7.7M	20.7M	21.8M
Total Current Liabilities	165.1M	286.1M	231.2M	233.6M	313.5M	162.4M
Total Stockholder Equity	2.0B	2.6B	2.9B	3.0B	3.8B	4.0B
Property Plant And Equipment Net	2.0B	2.4B	2.2B	2.3B	3.6B	3.7B
Net Debt	121.3M	(369.7M)	(597.9M)	(594.7M)	(126.1M)	(119.8M)
Retained Earnings	(261.2M)	254.3M	507.4M	588.1M	395.9M	415.6M
Accounts Payable	83.4M	89.1M	111.7M	114.8M	167.1M	175.5M
Cash	140.6M	479.7M	673.0M	651.9M	306.9M	224.7M
Non Current Assets Total	2.3B	2.6B	2.5B	2.6B	4.2B	4.4B
Non Currrent Assets Other	68.8M	76.5M	70.8M	219.4M	380.3M	399.3M
Other Assets	73.3M	127.1M	147.0M	93M	107.0M	75.3M
Cash And Short Term Investments	140.6M	479.7M	673.0M	651.9M	306.9M	226.9M
Net Receivables	33.0M	33.1M	63.8M	51.2M	37.7M	24.3M
Common Stock Shares Outstanding	1.0B	1.0B	1.1B	1.1B	1.2B	792.4M
Liabilities And Stockholders Equity	2.7B	3.4B	3.6B	3.7B	4.9B	5.1B
Non Current Liabilities Total	466.4M	415.7M	369.1M	335.8M	651.2M	396.3M
Inventory	217.9M	238.1M	272.4M	332.0M	346.5M	363.8M
Other Current Assets	71.0M	45.0M	100.8M	51.2M	57.3M	37.5M
Other Stockholder Equity	56.7M	48.5M	67.0M	78.2M	85.0M	97.3M
Total Liab	631.4M	701.8M	600.3M	569.4M	964.6M	558.6M
Property Plant And Equipment Gross	2.0B	2.4B	3.8B	2.3B	6.4B	6.7B
Total Current Assets	407.5M	762.7M	1.0B	1.0B	710.7M	414.0M
Accumulated Other Comprehensive Income	(145.1M)	(138.5M)	(136.3M)	(145.9M)	(125.3M)	(119.0M)
Short Term Debt	26.0M	34.1M	25.4M	15.5M	4.9M	4.7M
Current Deferred Revenue	53.4M	154.7M	93.0M	123.7M	142.3M	149.4M
Common Stock Total Equity	2.2B	2.2B	2.3B	2.4B	2.8B	2.1B
Common Stock	2.3B	2.4B	2.4B	2.5B	3.5B	2.4B
Other Liab	230.5M	339.8M	319.4M	294.1M	338.2M	265.6M
Net Tangible Assets	2.0B	2.6B	2.9B	3.0B	3.5B	2.1B
Long Term Debt	235.8M	48.7M	25.2M	13.4M	152.0M	212.6M
Long Term Investments	133.6M	85.6M	136.4M	151.9M	220.1M	125.3M
Short Long Term Debt	26.0M	34.1M	25.4M	15.5M	14.0M	13.3M
Property Plant Equipment	2.0B	2.4B	2.2B	2.3B	2.6B	2.2B
Long Term Debt Total	235.8M	75.9M	49.7M	41.7M	37.5M	35.7M
Capital Surpluse	56.7M	48.5M	67.0M	78.2M	90.0M	69.8M
Non Current Liabilities Other	4.8M	8.7M	7.8M	7.9M	23.8M	25.0M

Pair Trading with B2Gold Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if B2Gold Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in B2Gold Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with B2Gold Stock

0.76	AG	First Majestic Silver	Pair Corr
0.63	ORE	Orezone Gold Corp	Pair Corr

The ability to find closely correlated positions to B2Gold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B2Gold Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back B2Gold Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling B2Gold Corp to buy it.

The correlation of B2Gold Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as B2Gold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B2Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for B2Gold Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether B2Gold Corp is a strong investment it is important to analyze B2Gold Corp's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact B2Gold Corp's future performance. For an informed investment choice regarding B2Gold Stock, refer to the following important reports:

How To Invest In B2Gold

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Is B2Gold Stock a good investment?

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What is B2Gold Corp's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in B2Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.

You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

Please note, there is a significant difference between B2Gold Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if B2Gold Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B2Gold Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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B2Gold Net Income vs Change In Cash Analysis

Net Income vs Change In Cash

Net Income vs Change In Cash Correlation Analysis

Correlation Coefficient

Net Income

Change In Cash

B2Gold Corp fundamental ratios Correlations

B2Gold Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

B2Gold Corp fundamental ratios Accounts

Pair Trading with B2Gold Corp

Moving together with B2Gold Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Assets
Property Plant And Equipment Net	+ 0.98	Total Assets
Accounts Payable	+ 0.98	Total Assets

Retained Earnings	- 0.92	Net Debt
Cash And Short Term Investments	- 0.81	Net Debt
Cash	- 0.81	Net Debt
Retained Earnings	- 0.78	Short Long Term Debt Total
Net Receivables	- 0.7	Net Debt
Total Current Assets	- 0.69	Net Debt