Goldshore Resources Inc (GSHR) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Goldshore Resources Inc (GSHR) has a cash flow conversion efficiency ratio of -0.007x as of June 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$-914.86K ≈ $-661.80K USD) by net assets (CA$123.78 Million ≈ $89.54 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 Goldshore Resources Inc (GSHR) liquidity interval to measure how many days the company can operate on defensive assets alone.
Goldshore Resources Inc - Cash Flow Conversion Efficiency Trend (2019–2024)
This chart illustrates how Goldshore Resources Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data.
Goldshore Resources Inc Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Goldshore Resources Inc ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
SPACSphere Acquisition Corp. Class A Ordinary Shares
NASDAQ:SSAC
|
0.111x |
|
Thejo Engineering Limited
NSE:THEJO
|
0.082x |
|
Green Cross Lab Cell Corporation
KQ:144510
|
0.015x |
|
Pruksa Holding Public Company Limited
F:2PR3
|
0.067x |
|
Onewater Marine
NASDAQ:ONEW
|
0.195x |
|
Liberty Global PLC Class B
NASDAQ:LBTYB
|
0.023x |
|
McKinley Acquisition Corporation Class A Ordinary Shares
NASDAQ:MKLY
|
-0.001x |
|
Summit Securities Limited
NSE:SUMMITSEC
|
0.011x |
Annual Cash Flow Conversion Efficiency for Goldshore Resources Inc (2019–2024)
The table below shows the annual cash flow conversion efficiency of Goldshore Resources Inc from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see GSHR market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CA$92.67 Million ≈ $67.04 Million |
CA$-2.52 Million ≈ $-1.82 Million |
-0.027x | +24.27% |
| 2022-12-31 | CA$73.82 Million ≈ $53.40 Million |
CA$-2.65 Million ≈ $-1.92 Million |
-0.036x | +38.22% |
| 2021-12-31 | CA$64.57 Million ≈ $46.71 Million |
CA$-3.75 Million ≈ $-2.72 Million |
-0.058x | +97.34% |
| 2020-12-31 | CA$668.66K ≈ $483.70K |
CA$-1.46 Million ≈ $-1.06 Million |
-2.186x | -753.49% |
| 2019-12-31 | CA$-467.00K ≈ $-337.82K |
CA$-156.25K ≈ $-113.03K |
0.335x | -- |
About Goldshore Resources Inc
Gold X2 Mining Inc., engages in the exploration and development of gold in Canada. It holds 100% in the Moss Gold Project located in Ontario, Canada. The company was formerly known as Goldshore Resources Inc. and changed its name to Gold X2 Mining Inc. in September 2025. The company is headquartered in Vancouver, Canada.