Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow (FCF).

## ANX Free Cash Flow Analysis

Free cash flow, a measure commonly used by analysts to assess a company's profitability, represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

The Free Cash Flow is calculated using a number of methods including using Operating Cash Flow. Following is the formula to calculate Free Cash Flow based on Operating Cash Flow.

`Free Cash Flow = Operating Cash Flow - Capital Expenditures`

Using above formula to calculate Free Cash Flow for Anax Metals Limited (ANX), the free cash flow value is -1.44M.

All amounts in AUD

Operating Cash
-1.44M
Capital Expenditure
-
Free Cash Flow
-1.44M

Anax Metals Limited has a negative free cash flow as per the latest annual Cash flow statement released by the company. Positive free cash flow is cruscial for the financial health of a company, which can be used to pay dividends, expand operations, and deleverage its balance sheet (i.e., reduce debt).

## ANX Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Anax Metals Limited (ASX:ANX).

30 Jun 202030 Jun 201930 Jun 201830 Jun 2017
Net Income1.97M-2.94M-5.36M-1.87M
Depreciation9.96k9.83k29.91k46.19k
Change To Netincome-3.5M2.06M3.46M-1.1M
Change To Account Receivables-12.61k-21.68k311.54k-295.71k
Change To Liabilities16.58k36.1k-539.61k614.67k
Change To Operating Activities76.85k-17.73k-21.5k12.07k
Total Cash From Operating Activities-1.44M-865.18k-2.12M-2.59M
Investments2.37M430.75k220.06k435.82k
Total Cashflows From Investing Activities2.37M428.58k-2.8M421.45k
Other Cashflows From Financing Activities-46.87k-2801.88M1.69M
Total Cash From Financing Activities1.05M-2802.72M2.15M
Change In Cash1.98M-436.87k-2.2M-21.21k
Issuance Of Stock1.1M1.1M839.82k458.8k