Maritime Resources Corp
As of November 13, 2025, Maritime Resources Corp. was acquired by New Found Gold Corp. Maritime Resources Corp., a junior gold and base metals exploration company, engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, lead, zinc, coper, and silver deposit. The company was incorporated in 2007 and is based in Vancouver, Canada.
Maritime Resources Corp (MRTMF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2025: 0.038x
Based on the latest financial reports, Maritime Resources Corp (MRTMF) has a cash flow conversion efficiency ratio of 0.038x as of June 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 ($2.39 Million) by net assets ($63.64 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Maritime Resources Corp - Cash Flow Conversion Efficiency Trend (2007–2024)
This chart illustrates how Maritime Resources 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.
Maritime Resources Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Maritime Resources Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Dycasa SA
BA:DYCA
|
-0.135x |
|
Toleranzia AB
ST:TOL
|
-0.023x |
|
Chih Lien Industrial Co Ltd
TW:2024
|
0.013x |
|
PT Primadaya Plastisindo Tbk
JK:PDPP
|
0.027x |
|
Maoye International Holdings Limited
F:5MIA
|
0.025x |
|
Kavveri Telecom Products Limited
NSE:KAVVERITEL
|
0.007x |
|
Indorama Synthetics Tbk
JK:INDR
|
0.088x |
|
Advani Hotels & Resorts (India) Limited
NSE:ADVANIHOTR
|
0.108x |
Annual Cash Flow Conversion Efficiency for Maritime Resources Corp (2007–2024)
The table below shows the annual cash flow conversion efficiency of Maritime Resources Corp from 2007 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | $42.55 Million | $-3.76 Million | -0.088x | -49.62% |
| 2023-12-31 | $38.97 Million | $-2.30 Million | -0.059x | -19.96% |
| 2022-12-31 | $37.88 Million | $-1.86 Million | -0.049x | +5.35% |
| 2021-12-31 | $35.91 Million | $-1.87 Million | -0.052x | +13.62% |
| 2020-12-31 | $24.89 Million | $-1.50 Million | -0.060x | +64.20% |
| 2019-12-31 | $13.57 Million | $-2.28 Million | -0.168x | +26.18% |
| 2018-12-31 | $9.94 Million | $-2.26 Million | -0.228x | -10.04% |
| 2017-12-31 | $6.28 Million | $-1.30 Million | -0.207x | +6.93% |
| 2016-12-31 | $5.97 Million | $-1.33 Million | -0.222x | -453.82% |
| 2015-12-31 | $4.21 Million | $-168.94K | -0.040x | +61.36% |
| 2014-12-31 | $4.70 Million | $-488.27K | -0.104x | +6.12% |
| 2013-12-31 | $4.52 Million | $-499.83K | -0.111x | -47.96% |
| 2012-12-31 | $4.30 Million | $-321.57K | -0.075x | +13.24% |
| 2011-12-31 | $3.02 Million | $-260.55K | -0.086x | +29.58% |
| 2009-12-31 | $531.34K | $-65.03K | -0.122x | -103.72% |
| 2008-12-31 | $576.25K | $-34.62K | -0.060x | -1225.03% |
| 2007-12-31 | $150.00K | $801.00 | 0.005x | -- |