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 how leveraged is Northern Dynasty Minerals Ltd's balance sheet to measure how much of total assets are equity-financed.

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. Check Northern Dynasty Minerals Ltd earnings quality ratio to evaluate the quality of earnings relative to operating cash generation.

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
Shanghai Ganglian E Commerce SHE:300226	0.033x
LIGHTHOUSE PROPERTIES F:87O	N/A
Swissquote Group Holding SA SW:SQN	0.300x
KSL Holdings Bhd KLSE:5038	-0.025x
Guangdong Silvere Sci and Tech SHE:300221	0.050x
Shandong Xiantan Co Ltd SHE:002746	0.052x
Fox Factory Holding Corp NASDAQ:FOXF	0.005x
Kiwetinohk Energy Corp TO:KEC	0.099x

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. For the full company profile with market capitalisation and key ratios, see NDM stock market capitalisation.

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

$783.40 Million

CA$1.08 Billion CAD

Market Cap Rank

#9877 Global

#290 in Canada

Share Price

CA$1.96

Change (1 day)

+0.00%

52-Week Range

CA$1.08 - CA$3.89

All Time High

CA$4.41