Globus Maritime Ltd (GLBS) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Globus Maritime Ltd (GLBS) has a cash flow conversion efficiency ratio of 0.020x 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 ($3.56 Million) by net assets ($173.78 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See Globus Maritime Ltd net asset quality index to measure how much of total assets are equity-financed.
Globus Maritime Ltd - Cash Flow Conversion Efficiency Trend (2008–2024)
This chart illustrates how Globus Maritime Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check GLBS operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Globus Maritime Ltd Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Globus Maritime Ltd ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Diagnostic Medical Systems SA
PA:ALDMS
|
-0.001x |
|
Pan Brothers Tbk
JK:PBRX
|
0.059x |
|
INICS Corp.
KQ:452400
|
-0.010x |
|
Dyadic International Inc
NASDAQ:DYAI
|
-0.710x |
|
Nath Bio-Genes (India) Limited
NSE:NATHBIOGEN
|
-0.160x |
|
Globon Co. Ltd
KQ:019660
|
-0.073x |
|
P3 Health Partners Inc
NASDAQ:PIII
|
0.206x |
|
Tela Bio Inc
NASDAQ:TELA
|
2.148x |
Annual Cash Flow Conversion Efficiency for Globus Maritime Ltd (2008–2024)
The table below shows the annual cash flow conversion efficiency of Globus Maritime Ltd from 2008 to 2024. For the full company profile with market capitalisation and key ratios, see market cap of Globus Maritime Ltd.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $176.40 Million | $11.29 Million | 0.064x | +352.69% |
| 2023-12-31 | $175.97 Million | $-4.46 Million | -0.025x | -116.06% |
| 2022-12-31 | $170.70 Million | $26.91 Million | 0.158x | +11.22% |
| 2021-12-31 | $146.42 Million | $20.75 Million | 0.142x | +195.55% |
| 2020-12-31 | $42.09 Million | $-6.24 Million | -0.148x | -787.87% |
| 2019-12-31 | $9.88 Million | $213.00K | 0.022x | -77.02% |
| 2018-12-31 | $41.05 Million | $3.85 Million | 0.094x | +553.68% |
| 2017-12-31 | $43.97 Million | $631.00K | 0.014x | +108.28% |
| 2016-12-31 | $20.76 Million | $-3.60 Million | -0.173x | -8725.14% |
| 2015-12-31 | $30.54 Million | $-60.00K | -0.002x | -101.31% |
| 2014-12-31 | $63.32 Million | $9.52 Million | 0.150x | -26.58% |
| 2013-12-31 | $60.34 Million | $12.36 Million | 0.205x | -21.36% |
| 2012-12-31 | $55.18 Million | $14.37 Million | 0.260x | +84.40% |
| 2011-12-31 | $140.02 Million | $19.77 Million | 0.141x | +2.80% |
| 2010-12-31 | $117.79 Million | $16.18 Million | 0.137x | -53.56% |
| 2009-12-31 | $113.46 Million | $33.57 Million | 0.296x | -48.81% |
| 2008-12-31 | $121.78 Million | $70.38 Million | 0.578x | -- |
About Globus Maritime Ltd
Globus Maritime Limited operates as a dry bulk shipping company that provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of March 20, 2025, the company operated eight dry bulk vessels with a total carrying capacity of 680,622 deadweight to… Read more