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

Latest as of December 2025: 0.218x

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. See Covalon Technologies Ltd. (COV) liquidity interval to measure how many days the company can operate on defensive assets alone.

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.

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
Fernheizwerk Neukölln Aktiengesellschaft F:FHW	N/A
Quantum Cyber N.V. NASDAQ:QUCY	-0.590x
KESM Industries Bhd KLSE:9334	0.032x
Gielda Praw Majatkowych Vindexus S.A. WAR:VIN	0.056x
Acuvi AB ST:ACUVI	0.000x
JC Chemical Co. Ltd KQ:137950	0.048x
JNK Heaters Co. Ltd KQ:126880	0.166x
Greattown Holdings Ltd B SHG:900940	0.034x

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

$44.15 Million

CA$61.04 Million CAD

Market Cap Rank

#22435 Global

#807 in Canada

Share Price

CA$2.21

Change (1 day)

+2.31%

52-Week Range

CA$1.56 - CA$2.88

All Time High

CA$9.18