AngloGold Ashanti Ltd (ANG) - Cash Flow Conversion Efficiency

Latest as of March 2026: 0.165x

Based on the latest financial reports, AngloGold Ashanti Ltd (ANG) has a cash flow conversion efficiency ratio of 0.165x as of March 2026. 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 (ZAC1.72 Billion ≈ $915.01K USD) by net assets (ZAC10.42 Billion ≈ $5.54 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 ANG defensive interval ratio to measure how many days the company can operate on defensive assets alone.

AngloGold Ashanti Ltd - Cash Flow Conversion Efficiency Trend (1997–2025)

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

AngloGold Ashanti Ltd Competitors by Cash Flow Conversion Efficiency

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

Company	Cash Flow Conversion Efficiency
Keysight Technologies Inc NYSE:KEYS	0.038x
Heineken AS:HEIA	0.161x
Agilent Technologies Inc NYSE:A	0.054x
Guangdong Dtech Technology Co. Ltd. A SHE:301377	N/A
Nucor Corp NYSE:NUE	0.061x
Crown Castle NYSE:CCI	-1.870x
Guotai Junan Securities Co Ltd SHG:601211	0.066x
Ubiquiti Networks Inc NYSE:UI	0.260x

Annual Cash Flow Conversion Efficiency for AngloGold Ashanti Ltd (1997–2025)

The table below shows the annual cash flow conversion efficiency of AngloGold Ashanti Ltd from 1997 to 2025. For the full company profile with market capitalisation and key ratios, see ANG stock market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	ZAC9.92 Billion ≈ $5.27 Million	ZAC4.71 Billion ≈ $2.50 Million	0.475x	+105.55%
2024-12-31	ZAC8.51 Billion ≈ $4.52 Million	ZAC1.97 Billion ≈ $1.05 Million	0.231x	-10.96%
2023-12-31	ZAC3.74 Billion ≈ $1.99 Million	ZAC971.00 Million ≈ $516.04K	0.260x	-41.35%
2022-12-31	ZAC4.08 Billion ≈ $2.17 Million	ZAC1.80 Billion ≈ $958.73K	0.443x	+43.18%
2021-12-31	ZAC4.10 Billion ≈ $2.18 Million	ZAC1.27 Billion ≈ $673.88K	0.309x	-30.09%
2020-12-31	ZAC3.74 Billion ≈ $1.99 Million	ZAC1.65 Billion ≈ $879.02K	0.442x	+13.03%
2019-12-31	ZAC2.68 Billion ≈ $1.42 Million	ZAC1.05 Billion ≈ $556.43K	0.391x	+22.99%
2018-12-31	ZAC2.69 Billion ≈ $1.43 Million	ZAC857.00 Million ≈ $455.45K	0.318x	-13.72%
2017-12-31	ZAC2.70 Billion ≈ $1.44 Million	ZAC997.00 Million ≈ $529.85K	0.369x	-14.38%
2016-12-31	ZAC2.75 Billion ≈ $1.46 Million	ZAC1.19 Billion ≈ $630.30K	0.431x	-6.72%
2015-12-31	ZAC2.47 Billion ≈ $1.31 Million	ZAC1.14 Billion ≈ $605.32K	0.462x	+8.65%
2014-12-31	ZAC2.87 Billion ≈ $1.53 Million	ZAC1.22 Billion ≈ $648.37K	0.425x	+5.96%
2013-12-31	ZAC3.11 Billion ≈ $1.65 Million	ZAC1.25 Billion ≈ $662.18K	0.401x	+11.90%
2012-12-31	ZAC5.49 Billion ≈ $2.92 Million	ZAC1.97 Billion ≈ $1.05 Million	0.358x	-24.00%
2011-12-31	ZAC5.15 Billion ≈ $2.74 Million	ZAC2.43 Billion ≈ $1.29 Million	0.472x	+305.89%
2010-12-31	ZAC4.11 Billion ≈ $2.19 Million	ZAC-942.00 Million ≈ $-500.62K	-0.229x	-236.44%
2009-12-31	ZAC3.05 Billion ≈ $1.62 Million	ZAC512.25 Million ≈ $272.23K	0.168x	+113.48%
2008-12-31	ZAC2.51 Billion ≈ $1.33 Million	ZAC-3.13 Billion ≈ $-1.66 Million	-1.245x	-680.48%
2007-12-31	ZAC2.62 Billion ≈ $1.39 Million	ZAC561.00 Million ≈ $298.14K	0.215x	-6.14%
2006-12-31	ZAC3.37 Billion ≈ $1.79 Million	ZAC770.00 Million ≈ $409.22K	0.229x	+112.29%
2005-12-31	ZAC3.22 Billion ≈ $1.71 Million	ZAC347.00 Million ≈ $184.41K	0.108x	-28.07%
2004-12-31	ZAC3.29 Billion ≈ $1.75 Million	ZAC492.00 Million ≈ $261.47K	0.150x	-29.95%
2003-12-31	ZAC2.12 Billion ≈ $1.13 Million	ZAC453.00 Million ≈ $240.75K	0.214x	-31.94%
2002-12-31	ZAC1.86 Billion ≈ $988.49K	ZAC584.00 Million ≈ $310.37K	0.314x	+8.15%
2001-12-31	ZAC1.15 Billion ≈ $609.57K	ZAC333.00 Million ≈ $176.97K	0.290x	+280.50%
2000-12-31	ZAC1.48 Billion ≈ $787.08K	ZAC113.00 Million ≈ $60.05K	0.076x	-48.66%
1999-12-31	ZAC1.70 Billion ≈ $903.30K	ZAC252.60 Million ≈ $134.24K	0.149x	+3.75%
1998-12-31	ZAC1.16 Billion ≈ $616.27K	ZAC166.10 Million ≈ $88.27K	0.143x	-53.93%
1997-12-31	ZAC404.00 Million ≈ $214.71K	ZAC125.60 Million ≈ $66.75K	0.311x	--

About AngloGold Ashanti Ltd

JSE:ANG South Africa Gold

Market Cap

$35.91 Billion

ZAC67.56 Trillion ZAC

Market Cap Rank

#763 Global

#3 in South Africa

Share Price

ZAC133621.00

Change (1 day)

-9.98%

52-Week Range

ZAC78068.00 - ZAC203525.00

All Time High

ZAC203525.00