Cavendish Hydrogen ASA (CAVEN) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Cavendish Hydrogen ASA (CAVEN) has a cash flow conversion efficiency ratio of -0.092x 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 (Nkr-5.00 Million ≈ $-526.14K USD) by net assets (Nkr54.40 Million ≈ $5.72 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 CAVEN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Cavendish Hydrogen ASA - Cash Flow Conversion Efficiency Trend (2021–2024)
This chart illustrates how Cavendish Hydrogen ASA's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Cavendish Hydrogen ASA Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Cavendish Hydrogen ASA ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Fidelity European Values
LSE:FEV
|
0.003x |
|
Hakers Enterprise Co Ltd
TWO:4432
|
0.032x |
|
Higgstec
TWO:5220
|
0.008x |
|
CompuLab Ltd
TA:CLAB
|
0.080x |
|
Black Dragon Gold Corp
AU:BDG
|
0.214x |
|
ECM Libra Financial Group Bhd
KLSE:2143
|
0.020x |
|
Fancamp Exploration Ltd.
V:FNC
|
-0.014x |
|
Binero Group AB
ST:BINERO
|
0.157x |
Annual Cash Flow Conversion Efficiency for Cavendish Hydrogen ASA (2021–2024)
The table below shows the annual cash flow conversion efficiency of Cavendish Hydrogen ASA from 2021 to 2024. For the full company profile with market capitalisation and key ratios, see CAVEN market cap overview.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | Nkr73.10 Million ≈ $7.69 Million |
Nkr-24.03 Million ≈ $-2.53 Million |
-0.329x | +62.66% |
| 2023-12-31 | Nkr21.36 Million ≈ $2.25 Million |
Nkr-18.81 Million ≈ $-1.98 Million |
-0.880x | +84.28% |
| 2022-12-31 | Nkr5.75 Million ≈ $604.64K |
Nkr-32.18 Million ≈ $-3.39 Million |
-5.600x | -759.18% |
| 2021-12-31 | Nkr38.78 Million ≈ $4.08 Million |
Nkr-25.28 Million ≈ $-2.66 Million |
-0.652x | -- |
About Cavendish Hydrogen ASA
Cavendish Hydrogen ASA, a hydrogen fueling company, engages in development, production, marketing, sale, installation, commissioning, and service of equipment for fueling hydrogen to on-road vehicles in Denmark, the United States, South Korea, and Austria. The company's product includes the H2Station, which consists of various types of hydrogen fueling stations that provide fuel for fuel cell ele… Read more