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) balance sheet quality index to measure how much of total assets are equity-financed.

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. Check COV cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

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
Pacgold Ltd AU:PGO	-0.032x
Metalpha Technology Holding Limited NASDAQ:MATH	0.310x
ICD Co. Ltd KQ:040910	-0.043x
Libental TA:LBTL	-2.455x
ALANDEQGRP FPO AU:AEG	-1.327x
Claranova SE PA:CLA	-1.143x
Ashmore Asset Management Indonesia JK:AMOR	0.001x
GenMont Biotech Inc TW:3164	0.011x

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 value 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

$44.75 Million

CA$61.86 Million CAD

Market Cap Rank

#22256 Global

#784 in Canada

Share Price

CA$2.24

Change (1 day)

+0.00%

52-Week Range

CA$1.56 - CA$2.88

All Time High

CA$9.18