Canna Global Acquisition Corp Cash Flow Conversion Efficiency
Canna Global Acquisition Corp cash flow conversion efficiency. Based on the latest financial reports, Canna Global Acquisition Corp (CNGL) has a cash flow conversion efficiency ratio of -0.413x as of March 2024. 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 ($-403.26K) by net assets ($975.28K). 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 Canna Global Acquisition Corp (2021–2023)
Cash flow conversion efficiency of Canna Global Acquisition Corp from 2021 to 2023. This chart illustrates how Canna Global Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View today's stock price for Canna Global Acquisition Corp for real-time trading data and today's change.
Canna Global Acquisition Corp Cash Flow Conversion Ratio Explained
Canna Global Acquisition Corp 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.
Canna Global Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Canna Global Acquisition Corp ranked by their cash flow conversion efficiency. Also see CNGL stock market capitalisation for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Biosolution Co.Ltd
KQ:086820
|
0.001x |
|
Daehan Synthet
KO:003830
|
-0.005x |
|
Ribbon Acquisition Corp Unit
NASDAQ:RIBBU
|
-0.001x |
|
Cufe Ltd
AU:CUF
|
-0.110x |
|
Lucid Diagnostics Inc
NASDAQ:LUCD
|
-1.034x |
|
Adtraction Group AB
ST:ADTR
|
0.055x |
|
Renergen Ltd.
JSE:REN
|
-0.171x |
|
JAKS Resources Bhd
KLSE:4723
|
-0.007x |
Annual Cash Flow Conversion Efficiency for Canna Global Acquisition Corp (2021–2023)
The table below shows the annual cash flow conversion efficiency of Canna Global Acquisition Corp from 2021 to 2023. Review CNGL FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $1.10 Million | $-1.52 Million | -1.386x | -3229.20% |
| 2022-12-31 | $15.33 Million | $-638.10K | -0.042x | -3269.71% |
| 2021-12-31 | $225.82 Million | $-279.02K | -0.001x | -- |
About Canna Global Acquisition Corp
Canna-Global Acquisition Corp. does not have significant operations. The company intends to acquire and engage in a share exchange, share reconstruction, and amalgamation with one or more businesses or entities. It intends to identify and acquire a business that focuses on the natural resources industry comprising oil and gas sectors. The company was incorporated in 2021 and is based in Marina De… Read more