Highbank Resources Ltd.
Highbank Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily mines for sand and gravel resources. The company holds interest in the Swamp Point North sand and gravel quarry located in Portland Canal, British Columbia. It also holds an option agreement to acquire Terra Nova property located in Newfoundland and Labrador. Highbank Res… Read more
Highbank Resources Ltd. (HBK) - Cash Flow Conversion Efficiency
Latest cash flow conversion efficiency as of September 2024: 0.002x
Based on the latest financial reports, Highbank Resources Ltd. (HBK) has a cash flow conversion efficiency ratio of 0.002x as of September 2024.
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$-23.50K) by net assets (CA$-12.62 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Highbank Resources Ltd. - Cash Flow Conversion Efficiency Trend (2013–2023)
This chart illustrates how Highbank Resources Ltd.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Highbank Resources Ltd. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Highbank Resources Ltd. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Vitality Products Inc
PINK:VPRIF
|
-0.023x |
|
B. Gaon Holdings Ltd
TA:GAON
|
0.023x |
|
Prenetics Holding Company Limited
NASDAQ:PRENW
|
0.023x |
|
SPARTANNASH (SRJ.SG)
STU:SRJ
|
-0.011x |
|
FIRST AMERN URANIUM
F:I0R
|
N/A |
|
BANNAM HLDG (N9B.SG)
STU:N9B
|
N/A |
|
Bowleven PLC
PINK:BWLVF
|
0.000x |
|
Energy & Technology Corp
PINK:ENGT
|
-0.051x |
Annual Cash Flow Conversion Efficiency for Highbank Resources Ltd. (2013–2023)
The table below shows the annual cash flow conversion efficiency of Highbank Resources Ltd. from 2013 to 2023.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-12-31 | CA$-12.17 Million | CA$-225.34K | 0.019x | -30.89% |
| 2022-12-31 | CA$-10.53 Million | CA$-282.21K | 0.027x | +352.90% |
| 2021-12-31 | CA$-9.46 Million | CA$-55.96K | 0.006x | -92.19% |
| 2020-12-31 | CA$-2.23 Million | CA$-169.10K | 0.076x | +103.96% |
| 2019-12-31 | CA$168.77K | CA$-323.33K | -1.916x | -2478.60% |
| 2018-12-31 | CA$3.05 Million | CA$-226.48K | -0.074x | -23.44% |
| 2017-12-31 | CA$4.28 Million | CA$-257.53K | -0.060x | +43.10% |
| 2016-12-31 | CA$3.99 Million | CA$-422.44K | -0.106x | -1887.75% |
| 2015-12-31 | CA$3.89 Million | CA$-20.72K | -0.005x | +97.33% |
| 2014-12-31 | CA$4.56 Million | CA$-909.94K | -0.199x | +27.00% |
| 2013-12-31 | CA$2.37 Million | CA$-648.14K | -0.273x | -- |