New Found Gold Corp (NFG) - Cash Flow Conversion Efficiency

Latest as of September 2025: -0.158x

Based on the latest financial reports, New Found Gold Corp (NFG) has a cash flow conversion efficiency ratio of -0.158x 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$-16.03 Million ≈ $-11.59 Million USD) by net assets (CA$101.33 Million ≈ $73.30 Million USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations.

New Found Gold Corp - Cash Flow Conversion Efficiency Trend (2019–2024)

This chart illustrates how New Found Gold Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. Read total liabilities of New Found Gold Corp for a breakdown of total debt and financial obligations.

New Found Gold Corp Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of New Found Gold Corp ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Volati AB ST:VOLO	0.214x
Sporton International TWO:6146	0.057x
Shanghai Baosight Software Co Ltd B SHG:900926	0.057x
NICE Information Service Co. Ltd KQ:030190	-0.030x
Suzhou Medsys Tech Co Ltd SHG:603990	0.021x
Pentamaster Corporation Bhd KLSE:7160	0.023x
Lsb Industries Inc NYSE:LXU	0.104x
Surge Energy Inc. TO:SGY	0.082x

Annual Cash Flow Conversion Efficiency for New Found Gold Corp (2019–2024)

The table below shows the annual cash flow conversion efficiency of New Found Gold Corp from 2019 to 2024. For the full company profile with market capitalisation and key ratios, see NFG market cap.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CA$66.57 Million ≈ $48.16 Million	CA$-55.68 Million ≈ $-40.28 Million	-0.836x	+44.81%
2023-12-31	CA$65.50 Million ≈ $47.38 Million	CA$-99.27 Million ≈ $-71.81 Million	-1.516x	-70.09%
2022-12-31	CA$83.47 Million ≈ $60.38 Million	CA$-74.38 Million ≈ $-53.81 Million	-0.891x	-125.29%
2021-12-31	CA$122.65 Million ≈ $88.73 Million	CA$-48.51 Million ≈ $-35.09 Million	-0.396x	-118.13%
2020-12-31	CA$72.90 Million ≈ $52.74 Million	CA$-13.22 Million ≈ $-9.56 Million	-0.181x	+38.67%
2019-12-31	CA$8.96 Million ≈ $6.48 Million	CA$-2.65 Million ≈ $-1.92 Million	-0.296x	--

About New Found Gold Corp

V:NFG Canada Gold

Market Cap

$709.21 Million

CA$980.40 Million CAD

Market Cap Rank

#10786 Global

#302 in Canada

Share Price

CA$2.85

Change (1 day)

+4.78%

52-Week Range

CA$1.56 - CA$4.78

All Time High

CA$13.11