HAL Trust (HAL) — Cash Flow Quality Index
HAL Trust (HAL) has a Cash Flow Quality Index of 2.71x as of December 2025. Operating cash flow of €1.56 Billion exceeds net income of €573.10 Million, indicating high earnings quality where cash backs reported profits. Explore HAL long-term investment intensity to see how much of total assets are deployed in long-term investments.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
HAL Trust Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for HAL Trust across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. Check tangible equity quality of HAL Trust to evaluate the tangible quality of the company's equity base.
Annual Cash Flow Quality Index for HAL Trust (2002–2025)
Year-by-year earnings quality comparison for HAL Trust. For live market cap and the full company financial profile, see HAL Trust market cap and net worth.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.20x | €2.68 Billion | €2.23 Billion | ▼ -20.0% |
| 2024 | 1.51x | €2.62 Billion | €1.74 Billion | ▼ -37.6% |
| 2023 | 2.41x | €2.41 Billion | €1.00 Billion | ▲ +8.5% |
| 2022 | 2.22x | €1.44 Billion | €646.80 Million | ▲ +615.8% |
| 2021 | 0.31x | €1.49 Billion | €4.79 Billion | ▼ -82.1% |
| 2020 | 1.74x | €1.92 Billion | €1.10 Billion | ▲ +14.4% |
| 2019 | 1.52x | €1.88 Billion | €1.24 Billion | ▼ -32.0% |
| 2018 | 2.24x | €1.21 Billion | €539.00 Million | ▲ +74.1% |
| 2017 | 1.29x | €1.00 Billion | €779.80 Million | ▲ +53.0% |
| 2016 | 0.84x | €1.25 Billion | €1.49 Billion | ▼ -28.5% |
| 2015 | 1.18x | €1.35 Billion | €1.15 Billion | ▲ +1.3% |
| 2014 | 1.16x | €1.12 Billion | €964.10 Million | ▲ +33.4% |
| 2013 | 0.87x | €451.40 Million | €519.00 Million | ▼ -1.3% |
| 2012 | 0.88x | €434.00 Million | €492.50 Million | ▲ +40.1% |
| 2011 | 0.63x | €353.20 Million | €561.70 Million | ▼ -6.9% |
| 2010 | 0.68x | €331.30 Million | €490.70 Million | ▼ -29.6% |
| 2009 | 0.96x | €377.50 Million | €393.50 Million | ▲ +2.8% |
| 2008 | 0.93x | €409.20 Million | €438.30 Million | ▲ +81.9% |
| 2007 | 0.51x | €417.20 Million | €812.80 Million | ▼ -2.7% |
| 2006 | 0.53x | €286.32 Million | €542.69 Million | ▼ -41.2% |
| 2005 | 0.90x | €300.10 Million | €334.45 Million | ▼ -68.4% |
| 2004 | 2.84x | €231.86 Million | €81.69 Million | ▼ -14.5% |
| 2003 | 3.32x | €156.68 Million | €47.20 Million | ▼ -34.9% |
| 2002 | 5.10x | €199.37 Million | €39.12 Million | — |