Challenger Ltd (CGF) — Cash Flow Quality Index

Latest as of December 2025: 2.84x

Challenger Ltd (CGF) has a Cash Flow Quality Index of 2.84x as of December 2025. Operating cash flow of AU$1.05 Billion exceeds net income of AU$369.10 Million, indicating high earnings quality where cash backs reported profits. Explore Challenger Ltd (CGF) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

2.84x
Operating CF / Net Income

Operating Cash Flow

AU$1.05 Billion
AUD

Net Income

AU$369.10 Million
AUD

Data as of

Dec 2025
Most recent filing

Challenger Ltd Cash Flow Quality Index (2003–2025)

Historical Cash Flow Quality Index for Challenger Ltd across 17 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Challenger Ltd (CGF) cash flow conversion.

Annual Cash Flow Quality Index for Challenger Ltd (2003–2025)

Year-by-year earnings quality comparison for Challenger Ltd.

Year Quality Index Operating CF (AUD) Net Income YoY Change
2025 2.08x AU$399.60 Million AU$192.30 Million ▼ -66.9%
2024 6.27x AU$843.70 Million AU$134.50 Million ▲ +45.5%
2023 4.31x AU$1.27 Billion AU$295.50 Million ▼ -54.2%
2022 9.41x AU$2.49 Billion AU$264.30 Million ▲ +116.3%
2021 4.35x AU$2.58 Billion AU$592.30 Million ▲ +105.3%
2019 2.12x AU$652.30 Million AU$307.80 Million ▼ -65.4%
2018 6.13x AU$1.98 Billion AU$322.50 Million ▲ +52.6%
2017 4.02x AU$1.60 Billion AU$397.60 Million ▲ +2.7%
2016 3.91x AU$1.28 Billion AU$327.70 Million ▲ +43.4%
2015 2.73x AU$815.90 Million AU$299.00 Million ▲ +530.5%
2014 0.43x AU$147.40 Million AU$340.60 Million ▼ -77.1%
2013 1.89x AU$789.10 Million AU$416.80 Million ▼ -76.9%
2012 8.18x AU$1.21 Billion AU$148.50 Million ▲ +75.2%
2011 4.67x AU$1.22 Billion AU$261.40 Million ▲ +475.5%
2010 0.81x AU$229.10 Million AU$282.50 Million ▼ -63.3%
2005 2.21x AU$244.24 Million AU$110.63 Million ▲ +3203.4%
2003 0.07x AU$1.43 Million AU$21.32 Million —
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.