Nevada Canyon Gold Corp
Nevada Canyon Gold Corp., a natural resource company, engages in the exploration, development, and production of mineral resources. It primarily explores for gold deposits. The company holds interests in the Lazy Claims property that consist of three claims covering approximately 60 acres located in Mineral County, Nevada; the Loman property, which includes 27 unpatented mining claims covering an… Read more
Nevada Canyon Gold Corp (NGLD) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of June 2024: -0.025x
Based on the latest financial reports, Nevada Canyon Gold Corp (NGLD) has a cash flow conversion efficiency ratio of -0.025x as of June 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 ($-241.42K) by net assets ($9.71 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Nevada Canyon Gold Corp - Cash Flow Conversion Efficiency Trend (2014–2023)
This chart illustrates how Nevada Canyon Gold 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.
Nevada Canyon Gold Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Nevada Canyon Gold Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Celsius Resources Limited
F:FX8
|
-0.046x |
|
Verimatrix
PINK:ISDCF
|
0.057x |
|
Global Connections Public Company Limited
BK:GC
|
0.045x |
|
Pixelplus. Co. Ltd
KQ:087600
|
-0.002x |
|
GWR Group Ltd
AU:GWR
|
0.020x |
|
8AV0
F:8AV0
|
0.071x |
|
Graphex Group Limited
NYSE MKT:GRFX
|
-0.002x |
|
Security Bancorp Inc
PINK:SCYT
|
0.037x |
Annual Cash Flow Conversion Efficiency for Nevada Canyon Gold Corp (2014–2023)
The table below shows the annual cash flow conversion efficiency of Nevada Canyon Gold Corp from 2014 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $9.82 Million | $-1.15 Million | -0.117x | +84.61% |
| 2022-12-31 | $567.05K | $-429.92K | -0.758x | +18.14% |
| 2021-12-31 | $239.94K | $-222.23K | -0.926x | -457.77% |
| 2020-12-31 | $268.05K | $-44.51K | -0.166x | -103.49% |
| 2019-12-31 | $-20.11K | $-95.81K | 4.764x | +2837.89% |
| 2018-12-31 | $-193.92K | $-31.44K | 0.162x | +247.10% |
| 2017-12-31 | $624.02K | $-68.79K | -0.110x | +99.05% |
| 2016-12-31 | $25.60K | $-296.73K | -11.592x | -822.70% |
| 2015-12-31 | $-59.89K | $-96.07K | 1.604x | +137.79% |
| 2014-12-31 | $13.64K | $-57.90K | -4.245x | -- |