Midas Minerals Ltd
Midas Minerals Limited engages in exploration and evaluation of mineral resources in Western Australia and Canada. It explores for gold, lithium, copper, nickel, platinoids, and base metals as well as platinum group elements. The company was incorporated in 2018 is based in West Perth, Australia.
Midas Minerals Ltd (MM1) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2025: -0.189x
Based on the latest financial reports, Midas Minerals Ltd (MM1) has a cash flow conversion efficiency ratio of -0.189x as of June 2025.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (AU$-1.67 Million) by net assets (AU$8.84 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Midas Minerals Ltd - Cash Flow Conversion Efficiency Trend (2018–2024)
This chart illustrates how Midas Minerals Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Midas Minerals Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Midas Minerals Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Nightingale Health Oyj B
HE:HEALTH
|
-0.153x |
|
Nevada King Gold Corp
OTCQB:NKGFF
|
-0.105x |
|
Wintermar Offshore Marine Tbk
JK:WINS
|
0.069x |
|
AMIA Co. Ltd.
TW:8438
|
0.028x |
|
Shenzhen Zhongheng Huafa Co Ltd Class B
SHE:200020
|
-0.034x |
|
Hyundai Everdigm Corp
KQ:041440
|
-0.014x |
|
EIH Associated Hotels Limited
NSE:EIHAHOTELS
|
0.023x |
|
Funkwerk AG
F:FEW
|
-0.023x |
Annual Cash Flow Conversion Efficiency for Midas Minerals Ltd (2018–2024)
The table below shows the annual cash flow conversion efficiency of Midas Minerals Ltd from 2018 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | AU$5.20 Million | AU$-1.31 Million | -0.252x | -23.95% |
| 2023-12-31 | AU$6.12 Million | AU$-1.25 Million | -0.203x | -84.19% |
| 2022-12-31 | AU$7.34 Million | AU$-810.82K | -0.110x | +22.29% |
| 2021-12-31 | AU$8.05 Million | AU$-1.14 Million | -0.142x | -650.00% |
| 2020-12-31 | AU$8.67 Million | AU$-164.41K | -0.019x | +79.90% |
| 2019-12-31 | AU$2.19 Million | AU$-206.60K | -0.094x | -57490.83% |
| 2018-12-31 | AU$3.41 Million | AU$-558.17 | 0.000x | -- |