Independence Gold Corp (IGO) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Independence Gold Corp (IGO) has a cash flow conversion efficiency ratio of -0.170x as of September 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$-1.40 Million) by net assets (CA$8.23 Million). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Independence Gold Corp - Cash Flow Conversion Efficiency Trend (2011–2024)
This chart illustrates how Independence Gold Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Explore and compare other companies by cash flow conversion efficiency.
Independence Gold Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Independence Gold Corp ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
TC Traders Club Ltda
SA:TRAD3
|
-0.006x |
|
JPMorgan Emerging Markets Ord
LSE:JMG
|
0.007x |
|
PASSAT S.A. INH. EO 050
F:6JF
|
N/A |
|
Les Enphants Co Ltd
TW:2911
|
-0.426x |
|
Rudrabhishek Enterprises Limited
NSE:REPL
|
-0.042x |
|
AGAT EJENDOMME NAM. DK 1
F:2TD
|
0.009x |
|
Empire Resources Ltd
AU:ERL
|
0.663x |
|
240600
KQ:240600
|
0.029x |
Annual Cash Flow Conversion Efficiency for Independence Gold Corp (2011–2024)
The table below shows the annual cash flow conversion efficiency of Independence Gold Corp from 2011 to 2024.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2024-12-31 | CA$12.98 Million | CA$-4.56 Million | -0.351x | +20.58% |
| 2023-12-31 | CA$7.60 Million | CA$-3.36 Million | -0.443x | -38.56% |
| 2022-12-31 | CA$5.71 Million | CA$-1.82 Million | -0.319x | +22.57% |
| 2021-12-31 | CA$6.23 Million | CA$-2.57 Million | -0.412x | -530.18% |
| 2020-12-31 | CA$13.33 Million | CA$-872.49K | -0.065x | +36.76% |
| 2019-12-31 | CA$11.37 Million | CA$-1.18 Million | -0.104x | -45.43% |
| 2018-12-31 | CA$12.77 Million | CA$-909.04K | -0.071x | +53.25% |
| 2017-12-31 | CA$15.01 Million | CA$-2.28 Million | -0.152x | -6.09% |
| 2016-12-31 | CA$17.16 Million | CA$-2.46 Million | -0.143x | -25.74% |
| 2015-12-31 | CA$17.61 Million | CA$-2.01 Million | -0.114x | -127.35% |
| 2014-12-31 | CA$20.73 Million | CA$-1.04 Million | -0.050x | +54.62% |
| 2013-12-31 | CA$22.17 Million | CA$-2.45 Million | -0.111x | +9.71% |
| 2012-12-31 | CA$25.14 Million | CA$-3.08 Million | -0.123x | -19.56% |
| 2011-12-31 | CA$29.93 Million | CA$-3.07 Million | -0.102x | -- |
About Independence Gold Corp
Independence Gold Corp. engages in the acquisition, exploration, and evaluation of precious metal properties in North America. It explores for gold and silver deposits. The company holds 100% interests in the 3Ts project comprising eight contiguous claim groups that consist of thirty-one mineral claims covering an area of approximately 35,486 hectares located in the Nechako Plateau region of cent… Read more