Ballard Power Systems Inc (BLDP) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.038x

Based on the latest financial reports, Ballard Power Systems Inc (BLDP) has a cash flow conversion efficiency ratio of -0.038x 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 (CA$-22.86 Million ≈ $-16.53 Million USD) by net assets (CA$606.82 Million ≈ $438.97 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 Ballard Power Systems Inc (BLDP) defensive interval to measure how many days the company can operate on defensive assets alone.

Ballard Power Systems Inc - Cash Flow Conversion Efficiency Trend (1993–2024)

This chart illustrates how Ballard Power Systems Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Ballard Power Systems Inc Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Ballard Power Systems Inc ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Guangzhou Automobile Group Co. Ltd F:02G	0.001x
Center Laboratories TWO:4123	0.002x
AXISCADES Technologies Limited NSE:AXISCADES	0.019x
Sun Country Airlines Holdings Inc NASDAQ:SNCY	0.045x
Warom Technology Inc Co SHG:603855	-0.016x
CH. Karnchang Public Company Limited BK:CK-R	0.104x
Harbin Gloria Pharmaceuticals SHE:002437	0.076x
Beijing Join-Cheer Software Co Ltd SHE:002279	0.067x

Annual Cash Flow Conversion Efficiency for Ballard Power Systems Inc (1993–2024)

The table below shows the annual cash flow conversion efficiency of Ballard Power Systems Inc from 1993 to 2024. For the full company profile with market capitalisation and key ratios, see Ballard Power Systems Inc (BLDP) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CA$672.99 Million ≈ $486.83 Million	CA$-108.10 Million ≈ $-78.20 Million	-0.161x	-52.26%
2023-12-31	CA$991.22 Million ≈ $717.03 Million	CA$-104.57 Million ≈ $-75.64 Million	-0.105x	+7.52%
2022-12-31	CA$1.16 Billion ≈ $838.34 Million	CA$-132.20 Million ≈ $-95.63 Million	-0.114x	-88.27%
2021-12-31	CA$1.33 Billion ≈ $960.81 Million	CA$-80.48 Million ≈ $-58.22 Million	-0.061x	-27.14%
2020-12-31	CA$900.89 Million ≈ $651.69 Million	CA$-42.93 Million ≈ $-31.06 Million	-0.048x	+16.18%
2019-12-31	CA$250.26 Million ≈ $181.04 Million	CA$-14.23 Million ≈ $-10.29 Million	-0.057x	+49.29%
2018-12-31	CA$282.60 Million ≈ $204.43 Million	CA$-31.69 Million ≈ $-22.92 Million	-0.112x	-37.59%
2017-12-31	CA$119.86 Million ≈ $86.70 Million	CA$-9.77 Million ≈ $-7.07 Million	-0.081x	-153.73%
2016-12-31	CA$121.54 Million ≈ $87.92 Million	CA$-3.90 Million ≈ $-2.82 Million	-0.032x	+85.87%
2015-12-31	CA$111.61 Million ≈ $80.74 Million	CA$-25.36 Million ≈ $-18.35 Million	-0.227x	+12.89%
2014-12-31	CA$79.23 Million ≈ $57.32 Million	CA$-20.67 Million ≈ $-14.95 Million	-0.261x	-5.24%
2013-12-31	CA$70.25 Million ≈ $50.82 Million	CA$-17.42 Million ≈ $-12.60 Million	-0.248x	+48.91%
2012-12-31	CA$58.00 Million ≈ $41.96 Million	CA$-28.15 Million ≈ $-20.36 Million	-0.485x	-34.89%
2011-12-31	CA$92.34 Million ≈ $66.80 Million	CA$-33.22 Million ≈ $-24.03 Million	-0.360x	-56.94%
2010-12-31	CA$127.88 Million ≈ $92.50 Million	CA$-29.31 Million ≈ $-21.20 Million	-0.229x	-35.11%
2009-12-31	CA$158.92 Million ≈ $114.96 Million	CA$-26.96 Million ≈ $-19.50 Million	-0.170x	-4.44%
2008-12-31	CA$161.33 Million ≈ $116.71 Million	CA$-26.21 Million ≈ $-18.96 Million	-0.162x	-32.38%
2007-12-31	CA$258.19 Million ≈ $186.77 Million	CA$-31.68 Million ≈ $-22.92 Million	-0.123x	+12.26%
2006-12-31	CA$305.09 Million ≈ $220.70 Million	CA$-42.67 Million ≈ $-30.87 Million	-0.140x	+13.82%
2005-12-31	CA$472.81 Million ≈ $342.03 Million	CA$-76.73 Million ≈ $-55.50 Million	-0.162x	-19.26%
2004-12-31	CA$575.09 Million ≈ $416.01 Million	CA$-78.26 Million ≈ $-56.61 Million	-0.136x	-136.00%
2003-12-31	CA$741.70 Million ≈ $536.54 Million	CA$-42.77 Million ≈ $-30.94 Million	-0.058x	+62.17%
2002-12-31	CA$829.52 Million ≈ $600.06 Million	CA$-126.45 Million ≈ $-91.47 Million	-0.152x	-143.09%
2001-12-31	CA$873.72 Million ≈ $632.04 Million	CA$-54.79 Million ≈ $-39.63 Million	-0.063x	-5.14%
2000-12-31	CA$665.13 Million ≈ $481.15 Million	CA$-39.67 Million ≈ $-28.70 Million	-0.060x	+48.22%
1999-12-31	CA$394.10 Million ≈ $285.09 Million	CA$-45.40 Million ≈ $-32.84 Million	-0.115x	-2722.97%
1998-12-31	CA$416.60 Million ≈ $301.36 Million	CA$-1.70 Million ≈ $-1.23 Million	-0.004x	+90.99%
1997-12-31	CA$216.40 Million ≈ $156.54 Million	CA$-9.80 Million ≈ $-7.09 Million	-0.045x	+70.86%
1996-12-31	CA$65.00 Million ≈ $47.02 Million	CA$-10.10 Million ≈ $-7.31 Million	-0.155x	+56.03%
1995-12-31	CA$24.90 Million ≈ $18.01 Million	CA$-8.80 Million ≈ $-6.37 Million	-0.353x	-5401.20%
1994-12-31	CA$15.00 Million ≈ $10.85 Million	CA$100.00K ≈ $72.34K	0.007x	-95.47%
1993-12-31	CA$12.81 Million ≈ $9.27 Million	CA$1.88 Million ≈ $1.36 Million	0.147x	--

About Ballard Power Systems Inc

TO:BLDP Canada Electrical Equipment & Parts

Market Cap

$1.27 Billion

CA$1.75 Billion CAD

Market Cap Rank

#9673 Global

#285 in Canada

Share Price

CA$5.83

Change (1 day)

-1.02%

52-Week Range

CA$1.93 - CA$8.82

All Time High

CA$52.23