Magnetic North Acquisition Corp Cash Flow Conversion Efficiency
Magnetic North Acquisition Corp cash flow conversion efficiency. Based on the latest financial reports, Magnetic North Acquisition Corp (MNC) has a cash flow conversion efficiency ratio of 0.115x 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$-419.53K ≈ $-303.48K USD) by net assets (CA$-3.66 Million ≈ $-2.65 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.
Cash Flow Conversion Efficiency of Magnetic North Acquisition Corp (2017–2023)
Cash flow conversion efficiency of Magnetic North Acquisition Corp from 2017 to 2023. This chart illustrates how Magnetic North Acquisition Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View latest Magnetic North Acquisition Corp stock price today for real-time trading data and today's change.
Magnetic North Acquisition Corp Cash Flow Conversion Ratio Explained
Magnetic North Acquisition Corp cash flow conversion ratio divides operating cash flow by net assets, so a higher ratio means more cash generated from each unit of shareholder equity.
Magnetic North Acquisition Corp Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Magnetic North Acquisition Corp ranked by their cash flow conversion efficiency. Also see MNC market cap overview for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Omnia Metals Group Ltd
AU:OM1
|
-0.055x |
|
Knosys Ltd
AU:KNO
|
0.865x |
|
Fidelity Japanese Values PLC ORD
LSE:FJV
|
-0.002x |
|
Springs Global Participações S.A.
SA:SGPS3
|
0.044x |
|
METALQUEST MINING INC.
F:E7Q
|
-0.031x |
|
Iterum Therapeutics PLC
NASDAQ:ITRM
|
1.063x |
|
Albion Enterprise VCT PLC
LSE:AAEV
|
-0.005x |
|
EQTEC plc
LSE:EQT
|
-0.273x |
Annual Cash Flow Conversion Efficiency for Magnetic North Acquisition Corp (2017–2023)
The table below shows the annual cash flow conversion efficiency of Magnetic North Acquisition Corp from 2017 to 2023. Review MNC FCF generation index to assess how much free cash flow the company generates relative to operating cash flow.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2023-09-30 | CA$-1.87 Million ≈ $-1.35 Million |
CA$-1.05 Million ≈ $-756.54K |
0.560x | +1387.98% |
| 2022-09-30 | CA$-18.47 Million ≈ $-13.36 Million |
CA$-695.13K ≈ $-502.85K |
0.038x | +4.82% |
| 2021-09-30 | CA$-13.09 Million ≈ $-9.47 Million |
CA$-469.83K ≈ $-339.87K |
0.036x | +134.25% |
| 2020-09-30 | CA$13.32 Million ≈ $9.64 Million |
CA$-1.40 Million ≈ $-1.01 Million |
-0.105x | +61.55% |
| 2019-09-30 | CA$1.57 Million ≈ $1.14 Million |
CA$-428.36K ≈ $-309.87K |
-0.273x | -209.61% |
| 2018-09-30 | CA$-454.54K ≈ $-328.80K |
CA$-113.05K ≈ $-81.78K |
0.249x | -91.84% |
| 2017-09-30 | CA$-27.03K ≈ $-19.55K |
CA$-82.37K ≈ $-59.59K |
3.047x | -- |
About Magnetic North Acquisition Corp
Magnetic North Acquisition Corp. engages in the merchant banking business in Canada. The company provides strategic and financial advice and services to companies in the clean power technology, consumer products, manufacturing, and information technology sectors. It also focuses on investing in various industries, such as clean power technology, oilfield services, consumer products, and software … Read more