New Found Gold Corp (NFG) - Cash Flow Conversion Efficiency
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. See how many days can New Found Gold Corp fund operations to measure how many days the company can operate on defensive assets alone.
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.
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 |
|---|---|
|
Ibotta, Inc.
NYSE:IBTA
|
0.066x |
|
Happiest Minds Technologies Limited
NSE:HAPPSTMNDS
|
0.018x |
|
Ocean’s King Lighting Science & Technology Co Ltd
SHE:002724
|
-0.003x |
|
Honey Hope Honesty Enterprise Co Ltd
TWO:8043
|
-0.009x |
|
Shandong Haihua Co Ltd
SHE:000822
|
0.007x |
|
Peet Ltd
AU:PPC
|
0.104x |
|
Holike
SHG:603898
|
-0.001x |
|
Napatech A/S
OL:NAPA
|
-0.214x |
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
New Found Gold Corp., a mineral exploration company, engages in the identification, evaluation, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, Canada. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 103 mineral licenses and 7,024 claims covering an area of 175,600 hectares located ne… Read more