Canadian Spirit Resources Inc (SPI) - Cash Flow Conversion Efficiency

Latest as of December 2025: -0.024x

Based on the latest financial reports, Canadian Spirit Resources Inc (SPI) has a cash flow conversion efficiency ratio of -0.024x as of December 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$-208.61K ≈ $-150.91K USD) by net assets (CA$8.53 Million ≈ $6.17 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 Canadian Spirit Resources Inc net asset quality index to measure how much of total assets are equity-financed.

Canadian Spirit Resources Inc - Cash Flow Conversion Efficiency Trend (2013–2024)

This chart illustrates how Canadian Spirit Resources Inc's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check Canadian Spirit Resources Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

Canadian Spirit Resources Inc Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Canadian Spirit Resources Inc ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
SIGNATURE RESOURCES NEW F:3S30	2.752x
Acdc Metals Ltd AU:ADC	0.011x
Steadfast Marine PT JK:KPAL	-0.009x
ACTEOS S.A PA:EOS	0.249x
Mid Wynd International Investment Trust plc LSE:MWY	0.002x
Bounty Oil & Gas NL AU:BUY	-0.034x
Kedaung Indah Can Tbk JK:KICI	-0.009x
BioNexus Gene Lab Corp Common stock NASDAQ:BGLC	-0.181x

Annual Cash Flow Conversion Efficiency for Canadian Spirit Resources Inc (2013–2024)

The table below shows the annual cash flow conversion efficiency of Canadian Spirit Resources Inc from 2013 to 2024. For the full company profile with market capitalisation and key ratios, see Canadian Spirit Resources Inc (SPI) market capitalisation.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2024-12-31	CA$9.03 Million ≈ $6.54 Million	CA$-1.46 Million ≈ $-1.06 Million	-0.162x	-238.23%
2023-12-31	CA$27.65 Million ≈ $20.00 Million	CA$-1.32 Million ≈ $-956.62K	-0.048x	-31.07%
2022-12-31	CA$36.51 Million ≈ $26.41 Million	CA$-1.33 Million ≈ $-963.70K	-0.036x	-15.04%
2021-12-31	CA$36.65 Million ≈ $26.51 Million	CA$-1.16 Million ≈ $-840.83K	-0.032x	-43.74%
2020-12-31	CA$36.05 Million ≈ $26.08 Million	CA$-795.35K ≈ $-575.34K	-0.022x	+31.37%
2019-12-31	CA$36.38 Million ≈ $26.32 Million	CA$-1.17 Million ≈ $-846.03K	-0.032x	-34.26%
2018-12-31	CA$37.75 Million ≈ $27.31 Million	CA$-903.96K ≈ $-653.91K	-0.024x	-59.40%
2017-12-31	CA$43.55 Million ≈ $31.51 Million	CA$-654.31K ≈ $-473.32K	-0.015x	-28.69%
2016-12-31	CA$42.98 Million ≈ $31.09 Million	CA$-501.73K ≈ $-362.95K	-0.012x	+0.22%
2015-12-31	CA$70.89 Million ≈ $51.28 Million	CA$-829.32K ≈ $-599.92K	-0.012x	-134.79%
2014-12-31	CA$71.04 Million ≈ $51.39 Million	CA$-354.01K ≈ $-256.09K	-0.005x	+23.96%
2013-12-31	CA$61.19 Million ≈ $44.26 Million	CA$-400.99K ≈ $-290.07K	-0.007x	--

About Canadian Spirit Resources Inc

V:SPI Canada Oil & Gas E&P

Market Cap

$3.13 Million

CA$4.32 Million CAD

Market Cap Rank

#29387 Global

#1393 in Canada

Share Price

CA$0.02

Change (1 day)

-25.00%

52-Week Range

CA$0.01 - CA$0.03

All Time High

CA$0.20