Aspen Group (APZ) — Cash Flow Quality Index
Latest as of December 2025:
0.58x
Aspen Group (APZ) has a Cash Flow Quality Index of 0.58x as of December 2025. Operating cash flow of AU$20.74 Million is below net income of AU$35.94 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore Aspen Group (APZ) cash flow to debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
0.58x
Operating CF / Net Income
Operating Cash Flow
AU$20.74 Million
AUD
Net Income
AU$35.94 Million
AUD
Data as of
Dec 2025
Most recent filing
Aspen Group Cash Flow Quality Index (1992–2025)
Historical Cash Flow Quality Index for Aspen Group across 18 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see APZ cash flow conversion.
Annual Cash Flow Quality Index for Aspen Group (1992–2025)
Year-by-year earnings quality comparison for Aspen Group.
| Year | Quality Index | Operating CF (AUD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.40x | AU$22.90 Million | AU$57.05 Million | ▼ -37.2% |
| 2024 | 0.64x | AU$30.95 Million | AU$48.44 Million | ▲ +147.1% |
| 2023 | 0.26x | AU$14.06 Million | AU$54.40 Million | ▼ -74.5% |
| 2022 | 1.01x | AU$76.37 Million | AU$75.38 Million | ▲ +101.9% |
| 2021 | 0.50x | AU$12.74 Million | AU$25.39 Million | ▼ -47.0% |
| 2020 | 0.95x | AU$11.24 Million | AU$11.87 Million | ▼ -84.8% |
| 2018 | 6.24x | AU$5.14 Million | AU$825.00K | ▼ -44.7% |
| 2017 | 11.27x | AU$4.61 Million | AU$409.00K | ▲ +2124.4% |
| 2016 | 0.51x | AU$4.83 Million | AU$9.54 Million | ▼ -76.0% |
| 2011 | 2.11x | AU$36.85 Million | AU$17.43 Million | ▼ -14.7% |
| 2010 | 2.48x | AU$31.11 Million | AU$12.55 Million | ▲ +333.2% |
| 2008 | 0.57x | AU$40.53 Million | AU$70.85 Million | ▲ +79.5% |
| 2007 | 0.32x | AU$23.52 Million | AU$73.81 Million | ▼ -39.5% |
| 2006 | 0.53x | AU$18.16 Million | AU$34.49 Million | ▼ -52.4% |
| 2005 | 1.11x | AU$8.24 Million | AU$7.45 Million | ▲ +8.3% |
| 2004 | 1.02x | AU$4.13 Million | AU$4.04 Million | ▲ +841.8% |
| 2003 | 0.11x | AU$79.00K | AU$728.00K | ▲ +174.7% |
| 1992 | 0.04x | AU$93.00K | AU$2.35 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.