Primary Hydrogen Corp
Primary Hydrogen Corp. engages in the acquisition, exploration, and development of natural hydrogen properties in Canada. The company was formerly known as Millbank Mining Corp. and changed its name to Primary Hydrogen Corp. in November 2024. Primary Hydrogen Corp. was incorporated in 2020 and is based in Calgary, Canada.
Primary Hydrogen Corp (HNATF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of August 2025: -0.345x
Based on the latest financial reports, Primary Hydrogen Corp (HNATF) has a cash flow conversion efficiency ratio of -0.345x as of August 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 ($-1.07 Million) by net assets ($3.09 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Primary Hydrogen Corp - Cash Flow Conversion Efficiency Trend (2021–2024)
This chart illustrates how Primary Hydrogen Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Primary Hydrogen Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Primary Hydrogen Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Rockridge Resources Ltd
PINK:RRRLF
|
-0.020x |
|
Formosa Ingredient Factory PT Tbk
JK:BOBA
|
0.070x |
|
Datametrex AI Limited
PINK:DTMXD
|
-0.316x |
|
DAVITA HLTH CARE
MU:TRL
|
0.365x |
|
District Copper Corp
PINK:CAXPF
|
-0.267x |
|
Amir Marketing and Investments in Agriculture Ltd
TA:AMRK
|
-0.002x |
|
OCEAN SUN AS NK -01
F:OW7
|
N/A |
|
JEMTEC Inc
V:JTC
|
0.025x |
Annual Cash Flow Conversion Efficiency for Primary Hydrogen Corp (2021–2024)
The table below shows the annual cash flow conversion efficiency of Primary Hydrogen Corp from 2021 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-11-30 | $3.19 Million | $-423.04K | -0.133x | +54.13% |
| 2023-11-30 | $302.65K | $-87.50K | -0.289x | +20.97% |
| 2022-11-30 | $397.80K | $-145.53K | -0.366x | +28.31% |
| 2021-11-30 | $531.09K | $-271.01K | -0.510x | -- |