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 debt-free asset ratio of AngloGold Ashanti Ltd to measure how much of total assets are equity-financed.

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. Check AngloGold Ashanti Ltd (ANG) cash earnings ratio to evaluate the quality of earnings relative to operating cash generation.

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
Danone SA F:BSND	0.042x
Consolidated Edison Inc NYSE:ED	0.007x
American International Group Inc NYSE:AIG	0.004x
Nokia Corp ADR NYSE:NOK	0.018x
ITC Limited NSE:ITC	0.085x
UltraTech Cement Limited NSE:ULTRACEMCO	0.073x
China CSSC Holdings Ltd SHG:600150	0.014x
ERSTE GP BNK AG ADR 1/2 F:EBOR	0.070x

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 market value of AngloGold Ashanti Ltd.

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

$38.88 Billion

ZAC73.16 Trillion ZAC

Market Cap Rank

#701 Global

#3 in South Africa

Share Price

ZAC144699.00

Change (1 day)

+8.19%

52-Week Range

ZAC92100.00 - ZAC203525.00

All Time High

ZAC203525.00