New Found Gold Corp Cash Flow Conversion Efficiency
New Found Gold Corp 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.
Cash Flow Conversion Efficiency of New Found Gold Corp (2019–2024)
Cash flow conversion efficiency of New Found Gold Corp from 2019 to 2024. This chart illustrates how New Found Gold Corp's cash flow conversion efficiency has evolved over time, based on yearly financial data. View NFG stock price for real-time trading data and today's change.
New Found Gold Corp Cash Flow Conversion Ratio Explained
New Found Gold 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.
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. Also see NFG market cap overview for the company's overall valuation and market capitalisation.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
WAVE LIFE SCIENCES LTD.
F:1U5
|
-0.116x |
|
Keystone Electrical (Zhejiang) Co. Ltd. A
SHE:301448
|
N/A |
|
HIVE Digital Technologies Ltd.
V:HIVE
|
0.082x |
|
Banco da Amazônia S.A
SA:BAZA3
|
-0.160x |
|
Zhejiang China Light & Textile Industrial City Group Co Ltd
SHG:600790
|
-0.007x |
|
Zhejiang Jiaao Enprotech
SHG:603822
|
0.015x |
|
Shanghai Chuangli Group Co Ltd
SHG:603012
|
0.010x |
|
KSL Holdings Bhd
KLSE:5038
|
-0.011x |
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. Review New Found Gold Corp free cash flow to debt ratio to assess the company's free cash flow relative to its total liabilities.
| 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