Hove AS (HOVE) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.033x

Based on the latest financial reports, Hove AS (HOVE) has a cash flow conversion efficiency ratio of -0.033x as of September 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 (Dkr-2.88 Million ≈ $-450.75K USD) by net assets (Dkr86.80 Million ≈ $13.58 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Hove AS - Cash Flow Conversion Efficiency Trend (2019–2024)

This chart illustrates how Hove AS's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Hove AS (HOVE) total liabilities for a breakdown of total debt and financial obligations.

Hove AS Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Hove AS ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Daedong Steel Co. Ltd KQ:048470	-0.105x
KONG SUN (BL25000) F:KOJ5	N/A
Xbrane Biopharma AB ST:XBRANE	-0.121x
SABUY TECHNOLOGY BK:SABUY-R	N/A
Asia Technology Co Ltd KQ:050860	0.044x
Yung Zip Chemical Ind Co Ltd TWO:4102	-0.018x
Plan Optik AG F:P4O	0.027x
NamSys Inc V:CTZ	0.055x

Annual Cash Flow Conversion Efficiency for Hove AS (2019–2024)

The table below shows the annual cash flow conversion efficiency of Hove AS from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see market cap of Hove AS.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	Dkr79.32 Million ≈ $12.41 Million	Dkr-4.07 Million ≈ $-637.09K	-0.051x	-208.83%
2023-12-31	Dkr71.42 Million ≈ $11.17 Million	Dkr3.37 Million ≈ $527.10K	0.047x	+5384.78%
2022-12-31	Dkr67.22 Million ≈ $10.52 Million	Dkr-60.00K ≈ $-9.39K	-0.001x	-101.83%
2021-12-31	Dkr59.96 Million ≈ $9.38 Million	Dkr2.92 Million ≈ $457.17K	0.049x	-53.21%
2020-12-31	Dkr21.01 Million ≈ $3.29 Million	Dkr2.19 Million ≈ $342.48K	0.104x	-80.42%
2019-12-31	Dkr16.03 Million ≈ $2.51 Million	Dkr8.53 Million ≈ $1.33 Million	0.532x	--

About Hove AS

CO:HOVE Denmark Specialty Chemicals

Market Cap

$24.37 Million

Dkr155.75 Million DKK

Market Cap Rank

#24409 Global

#106 in Denmark

Share Price

Dkr6.16

Change (1 day)

-1.28%

52-Week Range

Dkr3.04 - Dkr6.44

All Time High

Dkr9.88