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 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
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. See how liquid is Covalon Technologies Ltd.'s working capital to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Covalon Technologies Ltd. (2005–2025)
Year-by-year free cash flow to debt coverage for Covalon Technologies Ltd.. For the full company profile including market capitalisation, see COV stock market capitalisation.
| 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 | — |