Mesoblast Ltd (MSB) - Cash Flow Conversion Efficiency

Latest as of December 2025: -0.027x

Based on the latest financial reports, Mesoblast Ltd (MSB) has a cash flow conversion efficiency ratio of -0.027x as of December 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$-15.56 Million ≈ $-11.01 Million USD) by net assets (AU$574.68 Million ≈ $406.63 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See MSB defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Mesoblast Ltd - Cash Flow Conversion Efficiency Trend (2005–2025)

This chart illustrates how Mesoblast Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Mesoblast Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Mesoblast Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
C*Core Technology Co Ltd SHG:688262	0.051x
CETC Digital Technology Co Ltd SHG:600850	0.020x
Freehold Royalties Ltd. TO:FRU	0.055x
NOS S.G.P.S. S.A. LS:NOS	0.145x
NagaCorp Ltd F:N9J	0.028x
The Jammu & Kashmir Bank Limited NSE:J&KBANK	-0.278x
China Marine Information Electronics Co Ltd SHG:600764	0.018x
NCR Atleos Corporation NYSE:NATL	0.442x

Annual Cash Flow Conversion Efficiency for Mesoblast Ltd (2005–2025)

The table below shows the annual cash flow conversion efficiency of Mesoblast Ltd from 2005 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of Mesoblast Ltd.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-06-30	AU$597.44 Million ≈ $422.73 Million	AU$-49.95 Million ≈ $-35.35 Million	-0.084x	+17.12%
2024-06-30	AU$480.36 Million ≈ $339.88 Million	AU$-48.46 Million ≈ $-34.29 Million	-0.101x	+19.98%
2023-06-30	AU$501.84 Million ≈ $355.08 Million	AU$-63.27 Million ≈ $-44.77 Million	-0.126x	+4.74%
2022-06-30	AU$497.04 Million ≈ $351.69 Million	AU$-65.78 Million ≈ $-46.54 Million	-0.132x	+27.87%
2021-06-30	AU$581.40 Million ≈ $411.38 Million	AU$-106.68 Million ≈ $-75.48 Million	-0.183x	-78.83%
2020-06-30	AU$549.33 Million ≈ $388.68 Million	AU$-56.37 Million ≈ $-39.88 Million	-0.103x	+14.59%
2019-06-30	AU$481.05 Million ≈ $340.37 Million	AU$-57.79 Million ≈ $-40.89 Million	-0.120x	+12.56%
2018-06-30	AU$546.01 Million ≈ $386.34 Million	AU$-75.01 Million ≈ $-53.08 Million	-0.137x	+25.64%
2017-06-30	AU$516.77 Million ≈ $365.64 Million	AU$-95.47 Million ≈ $-67.55 Million	-0.185x	-10.89%
2016-06-30	AU$528.16 Million ≈ $373.71 Million	AU$-88.00 Million ≈ $-62.26 Million	-0.167x	+16.58%
2015-06-30	AU$609.36 Million ≈ $431.16 Million	AU$-121.71 Million ≈ $-86.12 Million	-0.200x	-39.49%
2014-06-30	AU$571.72 Million ≈ $404.53 Million	AU$-81.86 Million ≈ $-57.92 Million	-0.143x	-66.87%
2013-06-30	AU$630.27 Million ≈ $445.95 Million	AU$-54.08 Million ≈ $-38.27 Million	-0.086x	+43.03%
2012-06-30	AU$478.85 Million ≈ $338.82 Million	AU$-72.12 Million ≈ $-51.03 Million	-0.151x	-171.78%
2011-06-30	AU$515.84 Million ≈ $364.99 Million	AU$108.23 Million ≈ $76.58 Million	0.210x	+182.38%
2010-06-30	AU$37.92 Million ≈ $26.83 Million	AU$-9.66 Million ≈ $-6.83 Million	-0.255x	+28.89%
2009-06-30	AU$25.79 Million ≈ $18.25 Million	AU$-9.24 Million ≈ $-6.54 Million	-0.358x	-51.39%
2008-06-30	AU$26.22 Million ≈ $18.55 Million	AU$-6.20 Million ≈ $-4.39 Million	-0.237x	+46.61%
2007-06-30	AU$20.54 Million ≈ $14.53 Million	AU$-9.10 Million ≈ $-6.44 Million	-0.443x	-66.55%
2006-06-30	AU$11.97 Million ≈ $8.47 Million	AU$-3.18 Million ≈ $-2.25 Million	-0.266x	-747.50%
2005-06-30	AU$19.26 Million ≈ $13.63 Million	AU$-604.81K ≈ $-427.94K	-0.031x	--

About Mesoblast Ltd

AU:MSB Australia Biotechnology

Market Cap

$1.95 Billion

AU$2.75 Billion AUD

Market Cap Rank

#6400 Global

#148 in Australia

Share Price

AU$2.13

Change (1 day)

+3.40%

52-Week Range

AU$1.57 - AU$3.07

All Time High

AU$5.21