Northern Dynasty Minerals Ltd (NDM) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.089x

Based on the latest financial reports, Northern Dynasty Minerals Ltd (NDM) has a cash flow conversion efficiency ratio of -0.089x 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$-5.37 Million ≈ $-3.88 Million USD) by net assets (CA$60.40 Million ≈ $43.69 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 Northern Dynasty Minerals Ltd (NDM) net assets for net asset value and shareholders' equity analysis.

Northern Dynasty Minerals Ltd - Cash Flow Conversion Efficiency Trend (2001–2024)

This chart illustrates how Northern Dynasty Minerals Ltd's cash flow conversion efficiency has evolved over time, based on yearly financial data. For the full company profile with market capitalisation and key ratios, see NDM market cap overview.

Northern Dynasty Minerals Ltd Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Northern Dynasty Minerals Ltd ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Aktis Oncology, Inc. Common stock NASDAQ:AKTS	0.097x
Swedish Logistic Property AB Series B ST:SLP-B	0.020x
Dongguan Kingsun Optoelectronic Co Ltd SHE:002638	-0.001x
Uroica Mining Safety Eng SHE:300099	0.002x
Hubei Heyuan Gas Co Ltd SHE:002971	0.087x
Xiamen International Airport Co Ltd SHG:600897	0.043x
Certara Inc NASDAQ:CERT	0.027x
Wuhan Keqian Biology Co Ltd SHG:688526	0.042x

Annual Cash Flow Conversion Efficiency for Northern Dynasty Minerals Ltd (2001–2024)

The table below shows the annual cash flow conversion efficiency of Northern Dynasty Minerals Ltd from 2001 to 2024. Read Northern Dynasty Minerals Ltd (NDM) total liabilities for a breakdown of total debt and financial obligations.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CA$97.20 Million ≈ $70.31 Million	CA$-17.14 Million ≈ $-12.40 Million	-0.176x	+1.64%
2023-12-31	CA$123.28 Million ≈ $89.18 Million	CA$-22.11 Million ≈ $-15.99 Million	-0.179x	-6.81%
2022-12-31	CA$142.69 Million ≈ $103.22 Million	CA$-23.96 Million ≈ $-17.33 Million	-0.168x	+19.61%
2021-12-31	CA$155.49 Million ≈ $112.48 Million	CA$-32.48 Million ≈ $-23.49 Million	-0.209x	+37.76%
2020-12-31	CA$172.31 Million ≈ $124.64 Million	CA$-57.82 Million ≈ $-41.83 Million	-0.336x	+28.21%
2019-12-31	CA$138.50 Million ≈ $100.19 Million	CA$-64.74 Million ≈ $-46.83 Million	-0.467x	-8.08%
2018-12-31	CA$148.21 Million ≈ $107.21 Million	CA$-64.10 Million ≈ $-46.37 Million	-0.433x	-38.24%
2017-12-31	CA$137.50 Million ≈ $99.47 Million	CA$-43.02 Million ≈ $-31.12 Million	-0.313x	-93.92%
2016-12-31	CA$148.85 Million ≈ $107.67 Million	CA$-24.01 Million ≈ $-17.37 Million	-0.161x	+33.41%
2015-12-31	CA$154.98 Million ≈ $112.11 Million	CA$-37.55 Million ≈ $-27.16 Million	-0.242x	-11.47%
2014-12-31	CA$127.96 Million ≈ $92.57 Million	CA$-27.81 Million ≈ $-20.12 Million	-0.217x	-270.64%
2013-12-31	CA$133.93 Million ≈ $96.88 Million	CA$-7.85 Million ≈ $-5.68 Million	-0.059x	+27.77%
2012-12-31	CA$128.89 Million ≈ $93.24 Million	CA$-10.46 Million ≈ $-7.57 Million	-0.081x	-53.32%
2011-12-31	CA$141.36 Million ≈ $102.25 Million	CA$-7.49 Million ≈ $-5.41 Million	-0.053x	-23.90%
2010-12-31	CA$140.06 Million ≈ $101.32 Million	CA$-5.99 Million ≈ $-4.33 Million	-0.043x	-59.83%
2009-12-31	CA$146.07 Million ≈ $105.66 Million	CA$-3.91 Million ≈ $-2.83 Million	-0.027x	+94.91%
2008-12-31	CA$-36.12 Million ≈ $-26.13 Million	CA$18.99 Million ≈ $13.73 Million	-0.526x	-23.70%
2007-12-31	CA$144.86 Million ≈ $104.79 Million	CA$-61.55 Million ≈ $-44.53 Million	-0.425x	-74.18%
2006-12-31	CA$197.53 Million ≈ $142.89 Million	CA$-48.18 Million ≈ $-34.86 Million	-0.244x	+85.22%
2005-12-31	CA$28.14 Million ≈ $20.35 Million	CA$-46.45 Million ≈ $-33.60 Million	-1.651x	-11.38%
2004-12-31	CA$22.42 Million ≈ $16.22 Million	CA$-33.23 Million ≈ $-24.04 Million	-1.482x	+24.08%
2003-12-31	CA$3.25 Million ≈ $2.35 Million	CA$-6.35 Million ≈ $-4.59 Million	-1.953x	+77.88%
2002-12-31	CA$498.86K ≈ $360.87K	CA$-4.40 Million ≈ $-3.19 Million	-8.828x	-1125.63%
2001-12-31	CA$1.82 Million ≈ $1.32 Million	CA$-1.31 Million ≈ $-948.23K	-0.720x	--

About Northern Dynasty Minerals Ltd

TO:NDM Canada Other Industrial Metals & Mining

Market Cap

$1.12 Billion

CA$1.55 Billion CAD

Market Cap Rank

#9179 Global

#267 in Canada

Share Price

CA$2.80

Change (1 day)

-2.10%

52-Week Range

CA$1.04 - CA$3.89

All Time High

CA$4.41