Nova Net Lease REIT
Nova Net Lease REIT (the REIT) was formed on July 27, 2021, as a newly created, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario, where one unit of the REIT was issued for $10 in cash.
Nova Net Lease REIT (NNLRF) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: -0.020x
Based on the latest financial reports, Nova Net Lease REIT (NNLRF) has a cash flow conversion efficiency ratio of -0.020x as of September 2024.
Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow ($-235.17K) by net assets ($12.03 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Nova Net Lease REIT - Cash Flow Conversion Efficiency Trend (2021–2023)
This chart illustrates how Nova Net Lease REIT's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Nova Net Lease REIT Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Nova Net Lease REIT ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Riedel Resources Ltd
AU:RIE
|
-0.102x |
|
Circle Internet Group, Inc.
NYSE:CRCL
|
-0.004x |
|
Pudjiadi Prestige Tbk
JK:PUDP
|
0.000x |
|
iMining Blockchain and Cryptocurrency Inc
PINK:IBKKF
|
-0.024x |
|
Ortin Laboratories Limited
NSE:ORTINLAB
|
0.044x |
|
AIS Resources Ltd
V:AIS
|
-0.077x |
|
Burzynski Research
PINK:BZYR
|
12.223x |
|
Sultan Resources Ltd
AU:SLZ
|
-0.038x |
Annual Cash Flow Conversion Efficiency for Nova Net Lease REIT (2021–2023)
The table below shows the annual cash flow conversion efficiency of Nova Net Lease REIT from 2021 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | $12.87 Million | $-391.44K | -0.030x | +83.19% |
| 2022-12-31 | $11.29 Million | $-2.04 Million | -0.181x | -226.52% |
| 2021-12-31 | $210.43K | $30.09K | 0.143x | -- |