Canna Global Acquisition Corp (CNGL) - 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. See CNGL net asset quality score to measure how much of total assets are equity-financed.
Canna Global Acquisition Corp - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how Canna Global Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check cash flow quality index of Canna Global Acquisition Corp to evaluate the quality of earnings relative to operating cash generation.
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.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Rani Therapeutics Holdings Inc
NASDAQ:RANI
|
0.423x |
|
Quantum Graphite Ltd
AU:QGL
|
-0.115x |
|
ITEK Inc
KQ:119830
|
0.034x |
|
NOVATECH Co. Ltd
KQ:285490
|
-0.024x |
|
Fine DNC Co. Ltd
KQ:049120
|
-0.052x |
|
Song Shang Electronics Co Ltd
TWO:6156
|
-0.075x |
|
Shanghai Shibei Hi-Tech Co Ltd B
SHG:900902
|
-0.011x |
|
Hun Yenilenebilir Enerji Uretim AS
IS:HUNER
|
0.014x |
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. For the full company profile with market capitalisation and key ratios, see how much is Canna Global Acquisition Corp worth.
| 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