Covalon Technologies Ltd. Cash Flow Conversion Efficiency

Latest as of December 2025: 0.218x

Covalon Technologies Ltd. cash flow conversion efficiency. Based on the latest financial reports, Covalon Technologies Ltd. (COV) has a cash flow conversion efficiency ratio of 0.218x as of December 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$5.75 Million ≈ $4.16 Million USD) by net assets (CA$26.39 Million ≈ $19.09 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

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

Cash flow conversion efficiency of Covalon Technologies Ltd. from 2005 to 2025. This chart illustrates how Covalon Technologies Ltd.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. View COV stock price for real-time trading data and today's change.

Covalon Technologies Ltd. Cash Flow Conversion Ratio Explained

Covalon Technologies Ltd. cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.

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. Also see COV market cap for the company's overall valuation and market capitalisation.

Company	Cash Flow Conversion Efficiency
Hotelim Société Anonyme PA:MLHOT	N/A
Kootenay Silver Inc V:KTN	-0.025x
Manuka Resources Ltd AU:MKR	-0.335x
Zomedica Pharmaceuticals Corp NYSE MKT:ZOM	-0.050x
Sical Logistics Limited NSE:SICALLOG	N/A
District Metals Corp V:DMX	-0.034x
Rock Tech Lithium Inc V:RCK	-0.095x
META WOLF AG INH O.N. F:WOLF	N/A

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. Review COV free cash flow to operating cash ratio to assess how much free cash flow the company generates relative to operating cash flow.

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

$88.50 Million

CA$122.35 Million CAD

Market Cap Rank

#21448 Global

#737 in Canada

Share Price

CA$4.43

Change (1 day)

-0.67%

52-Week Range

CA$1.56 - CA$4.56

All Time High

CA$9.18