Spruce Ridge Resources Ltd. (SHL) - Cash Flow Conversion Efficiency
Based on the latest financial reports, Spruce Ridge Resources Ltd. (SHL) has a cash flow conversion efficiency ratio of -0.048x as of October 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$-454.59K ≈ $-328.84K USD) by net assets (CA$9.50 Million ≈ $6.87 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 SHL equity to assets ratio to measure how much of total assets are equity-financed.
Spruce Ridge Resources Ltd. - Cash Flow Conversion Efficiency Trend (2001–2025)
This chart illustrates how Spruce Ridge Resources Ltd.'s cash flow conversion efficiency has evolved over time, based on yearly financial data. Check SHL operating cash flow to net income to evaluate the quality of earnings relative to operating cash generation.
Spruce Ridge Resources Ltd. Competitors by Cash Flow Conversion Efficiency
The table below lists competitors of Spruce Ridge Resources Ltd. ranked by their cash flow conversion efficiency.
| Company | Cash Flow Conversion Efficiency |
|---|---|
|
Commercial Vehicle Group Inc
NASDAQ:CVGI
|
-0.012x |
|
Paradigm Biopharmaceuticals Ltd
AU:PAR
|
-3.276x |
|
Awanbiru Technology Bhd
KLSE:5204
|
0.539x |
|
Nyxoah
BR:NYXH
|
-0.402x |
|
Home Federal Bancorp Louisiana
NASDAQ:HFBL
|
0.049x |
|
Tainet Communication System
TWO:4905
|
0.016x |
|
Westlin Corporation
NASDAQ:WSTN
|
-0.003x |
|
Cato Corporation
NYSE:CATO
|
0.048x |
Annual Cash Flow Conversion Efficiency for Spruce Ridge Resources Ltd. (2001–2025)
The table below shows the annual cash flow conversion efficiency of Spruce Ridge Resources Ltd. from 2001 to 2025. For the full company profile with market capitalisation and key ratios, see SHL market cap.
| Year | Net Assets | Operating Cash Flow | Cash Flow Conversion Efficiency | Change |
|---|---|---|---|---|
| 2025-04-30 | CA$9.59 Million ≈ $6.94 Million |
CA$-1.61 Million ≈ $-1.17 Million |
-0.168x | -826.95% |
| 2024-04-30 | CA$14.18 Million ≈ $10.26 Million |
CA$-257.34K ≈ $-186.16K |
-0.018x | +52.46% |
| 2023-04-30 | CA$10.41 Million ≈ $7.53 Million |
CA$-397.27K ≈ $-287.38K |
-0.038x | +79.52% |
| 2022-04-30 | CA$16.22 Million ≈ $11.74 Million |
CA$-3.02 Million ≈ $-2.19 Million |
-0.186x | -346.52% |
| 2021-04-30 | CA$32.22 Million ≈ $23.30 Million |
CA$-1.34 Million ≈ $-972.81K |
-0.042x | +51.26% |
| 2020-04-30 | CA$11.46 Million ≈ $8.29 Million |
CA$-981.41K ≈ $-709.94K |
-0.086x | +77.13% |
| 2019-04-30 | CA$1.37 Million ≈ $994.31K |
CA$-514.84K ≈ $-372.43K |
-0.375x | -475.93% |
| 2018-04-30 | CA$847.47K ≈ $613.04K |
CA$-55.12K ≈ $-39.87K |
-0.065x | +76.53% |
| 2017-04-30 | CA$1.06 Million ≈ $764.30K |
CA$-292.77K ≈ $-211.79K |
-0.277x | +19.83% |
| 2016-04-30 | CA$726.31K ≈ $525.40K |
CA$-251.05K ≈ $-181.60K |
-0.346x | -1370.56% |
| 2015-04-30 | CA$784.70K ≈ $567.64K |
CA$21.35K ≈ $15.44K |
0.027x | +106.77% |
| 2014-04-30 | CA$879.94K ≈ $636.53K |
CA$-353.57K ≈ $-255.77K |
-0.402x | +41.67% |
| 2013-04-30 | CA$1.33 Million ≈ $963.49K |
CA$-917.50K ≈ $-663.70K |
-0.689x | -551.24% |
| 2012-04-30 | CA$1.06 Million ≈ $765.01K |
CA$-111.86K ≈ $-80.92K |
-0.106x | -34.12% |
| 2011-04-30 | CA$5.36 Million ≈ $3.88 Million |
CA$-422.95K ≈ $-305.96K |
-0.079x | -8.05% |
| 2010-04-30 | CA$4.97 Million ≈ $3.60 Million |
CA$-362.92K ≈ $-262.53K |
-0.073x | -146.14% |
| 2009-04-30 | CA$3.03 Million ≈ $2.19 Million |
CA$-89.84K ≈ $-64.99K |
-0.030x | +87.90% |
| 2008-04-30 | CA$4.36 Million ≈ $3.15 Million |
CA$-1.07 Million ≈ $-773.01K |
-0.245x | -143.34% |
| 2007-04-30 | CA$5.47 Million ≈ $3.96 Million |
CA$-550.72K ≈ $-398.38K |
-0.101x | +74.71% |
| 2006-04-30 | CA$615.98K ≈ $445.59K |
CA$-245.31K ≈ $-177.45K |
-0.398x | +32.42% |
| 2005-04-30 | CA$489.58K ≈ $354.16K |
CA$-288.50K ≈ $-208.69K |
-0.589x | -96.79% |
| 2004-04-30 | CA$654.67K ≈ $473.58K |
CA$-196.04K ≈ $-141.81K |
-0.299x | -1279.94% |
| 2003-04-30 | CA$692.40K ≈ $500.87K |
CA$-15.03K ≈ $-10.87K |
-0.022x | +19.74% |
| 2002-04-30 | CA$674.56K ≈ $487.96K |
CA$-18.24K ≈ $-13.19K |
-0.027x | +80.55% |
| 2001-04-30 | CA$635.15K ≈ $459.46K |
CA$-88.27K ≈ $-63.85K |
-0.139x | -- |
About Spruce Ridge Resources Ltd.
Homeland Nickel Inc., together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada and the United States. It explores for copper, gold, and nickel deposits. The company was formerly known as Spruce Ridge Resources Ltd. and changed its name to Homeland Nickel Inc. in May 2024. Homeland Nickel Inc. was incorporated in 1989 and … Read more