B2Gold Other Stockholder Equity vs Short Long Term Debt Total Analysis

BTO Stock  CAD 4.06  0.07  1.75%   
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 Other Stockholder Equity and its Short Long Term Debt Total 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.

Other Stockholder Equity vs Short Long Term Debt Total

Other Stockholder Equity vs Short Long Term Debt Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of B2Gold Corp Other Stockholder Equity account and Short Long Term Debt Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between B2Gold Corp's Other Stockholder Equity and Short Long Term Debt Total is -0.43. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Long Term Debt Total 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 Other Stockholder Equity and Short Long Term Debt Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of B2Gold Corp are associated (or correlated) with its Short Long Term Debt Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Long Term Debt Total has no effect on the direction of Other Stockholder Equity i.e., B2Gold Corp's Other Stockholder Equity and Short Long Term Debt Total go up and down completely randomly.

Correlation Coefficient

-0.43
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Stockholder Equity

Short Long Term Debt Total

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 23rd of November 2024, Enterprise Value is likely to grow to about 4 B, while Selling General Administrative is likely to drop about 56.7 M.
 2021 2022 2023 2024 (projected)
Gross Profit768.6M604.2M780.0M819.0M
Total Revenue1.8B1.7B1.9B2.0B

B2Gold Corp fundamental ratios Correlations

0.030.130.610.990.98-0.270.420.980.560.990.810.710.560.60.790.540.940.25-0.350.630.930.70.09-0.470.87
0.030.160.39-0.130.180.86-0.770.06-0.480.13-0.26-0.16-0.480.050.320.69-0.060.13-0.430.66-0.02-0.340.59-0.36-0.25
0.130.160.30.10.1-0.04-0.010.130.260.080.410.120.260.130.30.170.32-0.06-0.170.24-0.090.320.17-0.120.13
0.610.390.30.530.630.080.020.620.380.60.40.70.380.490.740.570.660.19-0.330.80.460.550.75-0.360.59
0.99-0.130.10.530.94-0.410.560.970.630.960.850.720.630.60.720.410.940.24-0.30.50.920.74-0.02-0.430.9
0.980.180.10.630.94-0.090.250.970.411.00.750.630.420.520.810.650.90.26-0.380.720.920.580.13-0.50.81
-0.270.86-0.040.08-0.41-0.09-0.92-0.22-0.81-0.14-0.48-0.51-0.81-0.320.00.51-0.360.06-0.120.4-0.22-0.690.41-0.08-0.53
0.42-0.77-0.010.020.560.25-0.920.410.710.320.550.510.710.330.01-0.440.48-0.070.1-0.310.430.64-0.310.040.61
0.980.060.130.620.970.97-0.220.410.490.980.80.670.490.560.750.520.930.26-0.290.620.950.640.13-0.460.85
0.56-0.480.260.380.630.41-0.810.710.490.430.610.771.00.680.480.00.610.06-0.180.150.370.96-0.07-0.190.68
0.990.130.080.60.961.0-0.140.320.980.430.760.620.430.530.780.610.90.25-0.360.670.940.590.1-0.490.82
0.81-0.260.410.40.850.75-0.480.550.80.610.760.490.610.410.550.190.850.11-0.20.290.720.69-0.08-0.210.82
0.71-0.160.120.70.720.63-0.510.510.670.770.620.490.770.70.70.240.780.31-0.20.450.570.860.23-0.470.76
0.56-0.480.260.380.630.42-0.810.710.491.00.430.610.770.680.480.00.610.06-0.180.150.370.96-0.07-0.190.68
0.60.050.130.490.60.52-0.320.330.560.680.530.410.70.680.690.370.590.6-0.340.470.40.750.2-0.610.42
0.790.320.30.740.720.810.00.010.750.480.780.550.70.480.690.790.770.42-0.430.860.60.670.23-0.650.62
0.540.690.170.570.410.650.51-0.440.520.00.610.190.240.00.370.790.40.23-0.480.950.420.190.28-0.510.22
0.94-0.060.320.660.940.9-0.360.480.930.610.90.850.780.610.590.770.40.33-0.290.550.840.770.14-0.40.88
0.250.13-0.060.190.240.260.06-0.070.260.060.250.110.310.060.60.420.230.33-0.140.240.170.20.12-0.380.06
-0.35-0.43-0.17-0.33-0.3-0.38-0.120.1-0.29-0.18-0.36-0.2-0.2-0.18-0.34-0.43-0.48-0.29-0.14-0.48-0.22-0.26-0.160.06-0.24
0.630.660.240.80.50.720.4-0.310.620.150.670.290.450.150.470.860.950.550.24-0.480.480.350.5-0.510.39
0.93-0.02-0.090.460.920.92-0.220.430.950.370.940.720.570.370.40.60.420.840.17-0.220.480.50.01-0.340.79
0.7-0.340.320.550.740.58-0.690.640.640.960.590.690.860.960.750.670.190.770.2-0.260.350.50.03-0.30.75
0.090.590.170.75-0.020.130.41-0.310.13-0.070.1-0.080.23-0.070.20.230.280.140.12-0.160.50.010.03-0.120.05
-0.47-0.36-0.12-0.36-0.43-0.5-0.080.04-0.46-0.19-0.49-0.21-0.47-0.19-0.61-0.65-0.51-0.4-0.380.06-0.51-0.34-0.3-0.12-0.28
0.87-0.250.130.590.90.81-0.530.610.850.680.820.820.760.680.420.620.220.880.06-0.240.390.790.750.05-0.28
Click cells to compare fundamentals

B2Gold Corp Account Relationship Matchups

B2Gold Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.7B3.4B3.6B3.7B4.9B5.1B
Short Long Term Debt Total261.9M110.0M75.1M57.2M192.1M243.3M
Other Current Liab2.3M8.2M1.1M103.3M6.4M6.1M
Total Current Liabilities165.1M286.1M231.2M233.6M313.5M162.4M
Total Stockholder Equity2.0B2.6B2.9B3.0B3.8B4.0B
Property Plant And Equipment Net2.0B2.4B2.2B2.3B3.6B3.7B
Net Debt121.3M(369.7M)(597.9M)(594.7M)(114.8M)(109.0M)
Retained Earnings(261.2M)254.3M507.4M588.1M395.9M415.6M
Accounts Payable83.4M89.1M111.7M114.8M167.1M175.5M
Cash140.6M479.7M673.0M651.9M306.9M224.7M
Non Current Assets Total2.3B2.6B2.5B2.6B4.2B4.4B
Non Currrent Assets Other68.8M76.5M70.8M219.4M157.9M165.8M
Other Assets73.3M127.1M147.0M93M107.0M75.3M
Cash And Short Term Investments140.6M479.7M673.0M651.9M306.9M226.9M
Net Receivables49.0M33.1M63.8M51.2M37.7M33.1M
Common Stock Shares Outstanding1.0B1.0B1.1B1.1B1.2B792.4M
Liabilities And Stockholders Equity2.7B3.4B3.6B3.7B4.9B5.1B
Non Current Liabilities Total466.4M415.7M369.1M335.8M651.2M396.3M
Inventory217.9M238.1M272.4M332.0M346.5M363.8M
Other Current Assets71.0M11.9M37.0M21.9M19.7M24.6M
Other Stockholder Equity56.7M48.5M67.0M78.2M85.0M96.8M
Total Liab631.4M701.8M600.3M569.4M964.6M558.6M
Property Plant And Equipment Gross2.0B2.4B3.8B2.3B6.4B6.7B
Total Current Assets407.5M762.7M1.0B1.0B710.7M414.0M
Accumulated Other Comprehensive Income(145.1M)(138.5M)(136.3M)(145.9M)(125.3M)(119.0M)
Short Term Debt26.0M34.1M25.4M15.5M16.3M15.4M
Current Deferred Revenue53.4M154.7M93.0M123.7M142.3M149.4M
Common Stock Total Equity2.2B2.2B2.3B2.4B2.8B2.1B
Common Stock2.3B2.4B2.4B2.5B3.5B2.4B
Other Liab230.5M339.8M319.4M294.1M338.2M265.6M
Net Tangible Assets2.0B2.6B2.9B3.0B3.5B2.1B
Long Term Debt235.8M48.7M25.2M13.4M152.0M212.6M
Long Term Investments133.6M85.6M136.4M151.9M220.1M125.3M
Short Long Term Debt26.0M34.1M25.4M15.5M14.0M13.3M
Property Plant Equipment2.0B2.4B2.2B2.3B2.6B2.2B
Long Term Debt Total235.8M75.9M49.7M41.7M37.5M35.7M
Capital Surpluse56.7M48.5M67.0M78.2M90.0M69.8M
Non Current Liabilities Other4.8M8.7M7.8M7.9M23.8M25.0M

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

  0.78AG First Majestic SilverPairCorr

Moving against B2Gold Stock

  0.4BRK Berkshire Hathaway CDRPairCorr
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 CorrelationCorrelation 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:
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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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.