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).

## AWV 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 Anova Metals Limited (AWV), the free cash flow value is -3.79M.

All amounts in AUD

Operating Cash
-3.79M
Capital Expenditure
-
Free Cash Flow
-3.79M

Anova 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).

## AWV Cash Flow Statement History

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

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income -3.65M -4.18M 2.77M -6.91M
Depreciation 6.82k 7.31k 5.25k 5.67M
Change To Netincome -169.11k 1.04M -4.38M 345.56k
Change To Account Receivables 924 19.91k -14.43k 778.45k
Change To Liabilities 9.5k -1.25M -246.91k -2.6M
Change To Operating Activities 12k 19.62k -4.18k 89.75k
Total Cash From Operating Activities -3.79M -4.34M -1.87M -536.31k
Total Cash From Financing Activities 715k 161.86k 3.73M 220.56k
Change In Cash -3.07M 3.99M 2.31M 524.6k
Issuance Of Stock 715k 3.09M 4.29M 225k