Covalon Technologies Ltd. (COV) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.022x

Based on the latest financial reports, Covalon Technologies Ltd. (COV) has a cash flow conversion efficiency ratio of -0.022x 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$-667.21K ≈ $-482.65K USD) by net assets (CA$30.73 Million ≈ $22.23 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

Covalon Technologies Ltd. - Cash Flow Conversion Efficiency Trend (2005–2025)

This chart illustrates how Covalon Technologies Ltd.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Read Covalon Technologies Ltd. (COV) total liabilities for a breakdown of total debt and financial obligations.

Covalon Technologies Ltd. Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Covalon Technologies Ltd. ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Jinli Group Holdings Ltd TW:8429	0.001x
Ascent Solar Technologies, Inc. Common Stock NASDAQ:ASTI	-0.541x
Kafein Yazilim IS:KFEIN	0.024x
Li Kang Biomedical Co Ltd TWO:6242	-0.007x
Genoray Co. Ltd KQ:122310	0.008x
Corem Property Group AB (publ) ST:CORE-A	0.015x
Mentice AB ST:MNTC	-0.086x
Caprice Resources Ltd AU:CRS	-0.023x

Annual Cash Flow Conversion Efficiency for Covalon Technologies Ltd. (2005–2025)

The table below shows the annual cash flow conversion efficiency of Covalon Technologies Ltd. from 2005 to 2025. For the full company profile with market capitalisation and key ratios, see market cap of Covalon Technologies Ltd..

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-09-30	CA$30.73 Million ≈ $22.23 Million	CA$2.29 Million ≈ $1.66 Million	0.075x	-41.00%
2024-09-30	CA$27.50 Million ≈ $19.90 Million	CA$3.47 Million ≈ $2.51 Million	0.126x	+174.53%
2023-09-30	CA$18.79 Million ≈ $13.59 Million	CA$-3.18 Million ≈ $-2.30 Million	-0.169x	+48.65%
2022-09-30	CA$24.23 Million ≈ $17.53 Million	CA$-7.99 Million ≈ $-5.78 Million	-0.330x	-1872.06%
2021-09-30	CA$33.37 Million ≈ $24.14 Million	CA$621.37K ≈ $449.49K	0.019x	+104.21%
2020-09-30	CA$9.11 Million ≈ $6.59 Million	CA$-4.03 Million ≈ $-2.91 Million	-0.442x	-133.57%
2019-09-30	CA$14.93 Million ≈ $10.80 Million	CA$-2.83 Million ≈ $-2.04 Million	-0.189x	-278.94%
2018-09-30	CA$13.12 Million ≈ $9.49 Million	CA$-655.47K ≈ $-474.16K	-0.050x	-3061.17%
2017-09-30	CA$8.98 Million ≈ $6.50 Million	CA$15.15K ≈ $10.96K	0.002x	+100.63%
2016-09-30	CA$3.81 Million ≈ $2.75 Million	CA$-1.03 Million ≈ $-742.05K	-0.269x	+43.16%
2015-09-30	CA$4.79 Million ≈ $3.46 Million	CA$-2.27 Million ≈ $-1.64 Million	-0.474x	-184.43%
2014-09-30	CA$5.53 Million ≈ $4.00 Million	CA$3.10 Million ≈ $2.24 Million	0.561x	+211.29%
2013-09-30	CA$2.95 Million ≈ $2.13 Million	CA$-1.49 Million ≈ $-1.07 Million	-0.504x	+50.18%
2012-09-30	CA$3.23 Million ≈ $2.34 Million	CA$-3.27 Million ≈ $-2.37 Million	-1.012x	-113.61%
2011-09-30	CA$7.02 Million ≈ $5.07 Million	CA$-3.32 Million ≈ $-2.40 Million	-0.474x	-6063.75%
2010-09-30	CA$7.57 Million ≈ $5.48 Million	CA$-58.20K ≈ $-42.10K	-0.008x	+98.20%
2009-09-30	CA$10.94 Million ≈ $7.91 Million	CA$-4.67 Million ≈ $-3.38 Million	-0.427x	-131.81%
2008-09-30	CA$15.02 Million ≈ $10.86 Million	CA$-2.76 Million ≈ $-2.00 Million	-0.184x	-2114.69%
2007-09-30	CA$17.59 Million ≈ $12.73 Million	CA$-146.21K ≈ $-105.77K	-0.008x	+97.04%
2006-09-30	CA$8.27 Million ≈ $5.98 Million	CA$-2.32 Million ≈ $-1.68 Million	-0.281x	-13.16%
2005-09-30	CA$3.79 Million ≈ $2.74 Million	CA$-941.80K ≈ $-681.28K	-0.248x	--

About Covalon Technologies Ltd.

V:COV Canada Medical Instruments & Supplies

Market Cap

$38.48 Million

CA$53.19 Million CAD

Market Cap Rank

#22821 Global

#832 in Canada

Share Price

CA$1.94

Change (1 day)

+2.65%

52-Week Range

CA$1.56 - CA$2.88

All Time High

CA$9.18