Gold Reserve Ltd. (97Z) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Gold Reserve Ltd. (97Z) has a cash flow conversion efficiency ratio of -0.086x 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 (€-6.23 Million) by net assets (€72.39 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Gold Reserve Ltd. - Cash Flow Conversion Efficiency Trend (2021–2024)
This chart illustrates how Gold Reserve 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.
Gold Reserve Ltd. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Gold Reserve Ltd. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
CLOUDBERRY CL.EN. NK -25
F:52K
|
N/A |
|
Taiwan Kong King Co Ltd
TWO:3093
|
0.115x |
|
Aeroporto Guglielmo Marconi di Bologna S.p.A
F:169
|
0.072x |
|
Suzhou Institute of Building Science Group Co Ltd
SHG:603183
|
-0.004x |
|
Rojana Industrial Park Public Company Limited
BK:ROJNA
|
0.089x |
|
Cipher Pharmaceuticals Inc
TO:CPH
|
0.070x |
|
DiaMedica Therapeutics Inc
NASDAQ:DMAC
|
-0.138x |
|
Lifezone Metals Limited
NYSE:LZM
|
-0.061x |
Annual Cash Flow Conversion Efficiency for Gold Reserve Ltd. (2021–2024)
The table below shows the annual cash flow conversion efficiency of Gold Reserve Ltd. from 2021 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | €65.10 Million | €-12.05 Million | -0.185x | +28.77% |
| 2023-12-31 | €28.58 Million | €-7.43 Million | -0.260x | -110.80% |
| 2022-12-31 | €51.59 Million | €-6.36 Million | -0.123x | +14.02% |
| 2021-12-31 | €60.03 Million | €-8.61 Million | -0.143x | -- |
About Gold Reserve Ltd.
Gold Reserve Ltd. engages in acquiring, exploring, and developing mining projects. It holds interest in the LMS Gold project located in Alaska, the United States. The company was founded in 1956 and is based in Pembroke, Bermuda.