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.
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. Read how much debt does Canna Global Acquisition Corp carry for a breakdown of total debt and financial obligations.
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 |
|---|---|
|
Reservoir Link Energy Bhd
KLSE:0219
|
-0.004x |
|
Imperial Equities Inc.
V:IEI
|
0.027x |
|
Vital Metals Ltd
AU:VML
|
-0.011x |
|
Longeveron LLC
NASDAQ:LGVN
|
-0.933x |
|
PLB Engineering Bhd
KLSE:7055
|
-0.006x |
|
INTERSHOP Communications Aktiengesellschaft
XETRA:ISHA
|
-0.032x |
|
Holaluz-Clidom S.A
MC:HLZ
|
-0.050x |
|
Hyrican Informationssysteme Aktiengesellschaft
F:HYI
|
N/A |
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 market value of Canna Global Acquisition Corp.
| 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