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).

CVT 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 Comvita Limited (CVT), the free cash flow value is -2.62M.

All amounts in NZD

Operating Cash
Capital Expenditure
Free Cash Flow

Comvita 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).

CVT Cash Flow Statement History

Following table shows the history of Cash Flow Statements sheet for Comvita Limited (NZX:CVT).

30 Jun 2022 30 Jun 2021 30 Jun 2020 30 Jun 2019
Net Income 12.78M 9.48M -9.7M -27.72M
Depreciation 9.97M 9.9M 10.03M 4.75M
Change To Netincome -144k -553k 8.1M 11.98M
Change To Account Receivables -4.29M -5.8M 13.15M 24.93M
Change To Liabilities 15.12M -2.91M -5.44M 4M
Change To Inventory -31.15M 11.67M 19.51M -15.7M
Change To Operating Activities -476k 1.66M 2.2M 17.97M
Total Cash From Operating Activities 2.83M 24.82M 39.3M 21.09M
Capital Expenditures -5.45M -10.6M -5.21M -16.12M
Investments -4.35M 759k 759k -5.99M
Other Cashflows From Investing Activities 243k 459k -1.85M -1M
Total Cashflows From Investing Activities -13.22M -9.28M -9.69M -17.7M
Dividends Paid -4.7M -4.7M -4.7M -918k
Net Borrowings 18.59M -14.91M -70.91M 2.55M
Total Cash From Financing Activities 10.88M -16.17M -23.27M 2.24M
Effect Of Exchange Rate 992k 210k 33k -254k
Change In Cash 1.49M -413k 6.37M 5.37M
Repurchase Of Stock -3M -1.26M -572k -572k