Highfield Resources Ltd Cash Flow Conversion Efficiency
Highfield Resources Ltd cash flow conversion efficiency. Based on the latest financial reports, Highfield Resources Ltd (23H) has a cash flow conversion efficiency ratio of -0.015x as of December 2022. 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 (€-2.25 Million ≈ $-2.63 Million USD) by net assets (€147.72 Million ≈ $172.70 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Highfield Resources Ltd (2018–2021)
Cash flow conversion efficiency of Highfield Resources Ltd from 2018 to 2021. This chart illustrates how Highfield Resources Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. View 23H live share price for real-time trading data and today's change.
Highfield Resources Ltd Cash Flow Conversion Ratio Explained
Highfield Resources Ltd cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Highfield Resources Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Highfield Resources Ltd ranked by their cash flow conversion efficiency. Also see 23H stock market capitalisation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Reward Minerals Ltd
AU:RWD
|
0.090x |
|
PT Winner Nusantara Jaya Tbk
JK:WINR
|
-0.010x |
|
International Research Corporation Public Company Limited
BK:IRCP
|
-0.180x |
|
Rail Vision Ltd. Ordinary Share
NASDAQ:RVSN
|
-0.110x |
|
Belararox Ltd
AU:BRX
|
-0.063x |
|
Errawarra Resources Ltd
AU:ERW
|
-0.002x |
|
Neolife SA
PA:ALNLF
|
0.028x |
|
Forza Land Indonesia Tbk PT
JK:FORZ
|
-0.016x |
Annual Cash Flow Conversion Efficiency for Highfield Resources Ltd (2018–2021)
The table below shows the annual cash flow conversion efficiency of Highfield Resources Ltd from 2018 to 2021. Review 23H free cash flow debt coverage to assess the company's free cash flow relative to its total liabilities.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2021-12-31 | €138.54 Million ≈ $161.97 Million |
€-4.34 Million ≈ $-5.08 Million |
-0.031x | -26.84% |
| 2020-12-31 | €128.86 Million ≈ $150.65 Million |
€-3.19 Million ≈ $-3.72 Million |
-0.025x | -20.62% |
| 2019-12-31 | €152.98 Million ≈ $178.85 Million |
€-3.13 Million ≈ $-3.67 Million |
-0.020x | -30.74% |
| 2018-12-31 | €159.16 Million ≈ $186.07 Million |
€-2.49 Million ≈ $-2.92 Million |
-0.016x | -- |
About Highfield Resources Ltd
Highfield Resources Limited, together with its subsidiaries, engages in the exploration and development of potash mines in Spain. Its potash projects are located in the Ebro potash producing basin in Northern Spain. The company's flagship property includes the Muga-Vipasca project that targets sylvinite beds in the Muga Project area, which covers an area of approximately 40 square kilometers loca… Read more