Covalon Technologies Ltd. (COV) — Financial Flexibility Index
Covalon Technologies Ltd. (COV) has a Financial Flexibility Index of 1.01x as of December 2025. Free cash flow of CA$6.47 Million (operating CF CA$5.75 Million minus capex CA$718.55K) represents 1% of total liabilities (CA$6.41 Million). Check COV cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Covalon Technologies Ltd. Financial Flexibility Index (2005–2025)
Historical Financial Flexibility Index trend for Covalon Technologies Ltd. across 21 annual periods. For the full cash flow conversion analysis, see how efficiently does Covalon Technologies Ltd. generate cash.
Annual Financial Flexibility Index for Covalon Technologies Ltd. (2005–2025)
Year-by-year free cash flow to debt coverage for Covalon Technologies Ltd.. Explore COV cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (CAD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.58x | CA$3.14 Million | CA$2.29 Million | CA$5.40 Million | ▼ -35.7% |
| 2024 | 0.90x | CA$3.89 Million | CA$3.47 Million | CA$4.30 Million | ▲ +395.7% |
| 2023 | -0.31x | CA$-1.87 Million | CA$-3.18 Million | CA$6.11 Million | ▲ +72.8% |
| 2022 | -1.12x | CA$-6.91 Million | CA$-7.99 Million | CA$6.15 Million | ▼ -1113.9% |
| 2021 | 0.11x | CA$799.03K | CA$621.37K | CA$7.21 Million | ▲ +177.6% |
| 2020 | -0.14x | CA$-3.65 Million | CA$-4.03 Million | CA$25.59 Million | ▼ -128.5% |
| 2019 | -0.06x | CA$-1.54 Million | CA$-2.83 Million | CA$24.68 Million | ▼ -586.1% |
| 2018 | 0.01x | CA$84.62K | CA$-655.47K | CA$6.58 Million | ▼ -89.8% |
| 2017 | 0.13x | CA$374.85K | CA$15.15K | CA$2.99 Million | ▲ +143.5% |
| 2016 | -0.29x | CA$-774.10K | CA$-1.03 Million | CA$2.68 Million | ▲ +59.5% |
| 2015 | -0.71x | CA$-2.03 Million | CA$-2.27 Million | CA$2.84 Million | ▼ -153.9% |
| 2014 | 1.32x | CA$3.22 Million | CA$3.10 Million | CA$2.43 Million | ▲ +377.6% |
| 2013 | -0.48x | CA$-1.30 Million | CA$-1.49 Million | CA$2.72 Million | ▲ +56.8% |
| 2012 | -1.10x | CA$-3.01 Million | CA$-3.27 Million | CA$2.73 Million | ▲ +22.3% |
| 2011 | -1.42x | CA$-3.28 Million | CA$-3.32 Million | CA$2.31 Million | ▼ -1812.0% |
| 2010 | 0.08x | CA$228.04K | CA$-58.20K | CA$2.75 Million | ▲ +105.4% |
| 2009 | -1.52x | CA$-2.93 Million | CA$-4.67 Million | CA$1.93 Million | ▼ -93.9% |
| 2008 | -0.79x | CA$-1.79 Million | CA$-2.76 Million | CA$2.28 Million | ▼ -725.6% |
| 2007 | 0.13x | CA$332.70K | CA$-146.21K | CA$2.65 Million | ▲ +102.9% |
| 2006 | -4.30x | CA$-2.27 Million | CA$-2.32 Million | CA$527.43K | ▼ -471.6% |
| 2005 | -0.75x | CA$-532.50K | CA$-941.80K | CA$707.83K | — |