Spruce Ridge Resources Ltd. (SHL) — Cash Flow Quality Index
Spruce Ridge Resources Ltd. (SHL) has a Cash Flow Quality Index of -0.84x as of October 2025. Operating cash flow of CA$-454.59K is below net income of CA$538.45K, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Spruce Ridge Resources Ltd. service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Spruce Ridge Resources Ltd. Cash Flow Quality Index (2006–2024)
Historical Cash Flow Quality Index for Spruce Ridge Resources Ltd. across 5 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Spruce Ridge Resources Ltd. (SHL) cash conversion ratio.
Annual Cash Flow Quality Index for Spruce Ridge Resources Ltd. (2006–2024)
Year-by-year earnings quality comparison for Spruce Ridge Resources Ltd..
| Year | Quality Index | Operating CF (CAD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2024 | -0.80x | CA$-257.34K | CA$320.79K | ▼ -1192.9% |
| 2021 | -0.06x | CA$-1.34 Million | CA$21.67 Million | ▲ +45.5% |
| 2020 | -0.11x | CA$-981.41K | CA$8.61 Million | ▲ +43.4% |
| 2010 | -0.20x | CA$-362.92K | CA$1.80 Million | ▲ +90.9% |
| 2006 | -2.21x | CA$-245.31K | CA$110.90K | — |